Spring Eq in Tennessee vs the state
49.9%Denial rate+32.78 pts vs state
59.6%Decision denial rate+37.95 pts vs state
31.8%Origination rate-26.26 pts vs state
8.70%Median rate+2.08 pts vs state
3.08Rate spread (pts)+2.85 pts vs state
$101kMedian applicant income
821Loans originated
1,288Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,045 | 188 | 71.9% | 10.54% | #60 |
| 2024 | 1,510 | 492 | 53.3% | 9.58% | #44 |
| 2025 | 2,580 | 821 | 49.9% | 8.70% | #30 |
What Spring Eq lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Davidson County | 268 | 84 | 137 | 51.1% |
| Rutherford County | 219 | 78 | 101 | 46.1% |
| Knox County | 192 | 56 | 102 | 53.1% |
| Williamson County | 173 | 66 | 74 | 42.8% |
| Shelby County | 165 | 53 | 79 | 47.9% |
| Hamilton County | 136 | 41 | 75 | 55.1% |
| Sumner County | 131 | 44 | 63 | 48.1% |
| Wilson County | 104 | 29 | 61 | 58.7% |
| Montgomery County | 92 | 26 | 50 | 54.3% |
| Blount County | 67 | 26 | 28 | 41.8% |
Other large lenders in Tennessee
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,503 | 17.3% | 6.50% |
| United Shore Financial Services | B | 12,458 | 10.9% | 6.12% |
| Regions Bank | C | 11,247 | 36.5% | 4.99% |
| Vanderbilt Mortgage and Finance | F | 9,649 | 35.8% | 8.75% |
| Mortgage Research Center | C | 6,568 | 17.3% | 6.25% |
| FirstBank | C | 5,677 | 14.5% | 6.88% |
| CMG Mortgage | A | 5,643 | 2.9% | 6.50% |
| Freedom Mortgage | B | 5,493 | 8.0% | 6.25% |
| Pennymac Loan Services | C | 5,331 | 11.2% | 6.00% |
| Mortgage Investors Group | B | 4,454 | 3.5% | 6.50% |
Frequently asked questions
Tennessee: 2,580 applications in 2025, of which 821 were originated and 1,288 denied.
49.9% of all applications, or 59.6% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Spring Eq originated in Tennessee in 2025 was 8.70%, against a statewide median of 6.62%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Tennessee, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology