Spring Eq in Utah vs the state
49.7%Denial rate+33.71 pts vs state
56.9%Decision denial rate+37.70 pts vs state
34.8%Origination rate-28.43 pts vs state
9.05%Median rate+2.43 pts vs state
2.76Rate spread (pts)+2.53 pts vs state
$124kMedian applicant income
417Loans originated
595Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 731 | 203 | 69.0% | 11.50% | #32 |
| 2024 | 1,025 | 378 | 52.4% | 10.06% | #31 |
| 2025 | 1,198 | 417 | 49.7% | 9.05% | #28 |
What Spring Eq lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Salt Lake County | 431 | 150 | 220 | 51.0% |
| Utah County | 277 | 97 | 132 | 47.7% |
| Davis County | 126 | 51 | 57 | 45.2% |
| Weber County | 103 | 41 | 52 | 50.5% |
| Washington County | 80 | 24 | 37 | 46.3% |
| Tooele County | 41 | 10 | 25 | 61.0% |
| Box Elder County | 27 | 12 | 12 | 44.4% |
| Wasatch County | 20 | 8 | 10 | 50.0% |
| Cache County | 17 | 6 | 7 | 41.2% |
| Summit County | 16 | 4 | 9 | 56.3% |
Other large lenders in Utah
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| AMERICA FIRST Federal Credit Union | C | 16,303 | 18.3% | 6.99% |
| Mountain America Federal Credit Union | D | 15,401 | 36.5% | 7.24% |
| United Shore Financial Services | B | 11,325 | 8.5% | 6.25% |
| Rocket Mortgage | C | 6,276 | 14.6% | 6.63% |
| Guild Mortgage | A | 5,427 | 1.5% | 6.50% |
| Intercap Lending | A | 4,881 | 0.7% | 6.50% |
| Goldenwest | B | 4,794 | 17.6% | 7.50% |
| First Colony Mortgage | A | 3,499 | 2.1% | 6.38% |
| Kind Lending | C | 3,227 | 20.3% | 6.50% |
| Zions Bancorporation | B | 3,013 | 22.9% | 6.49% |
Frequently asked questions
Utah: 1,198 applications in 2025, of which 417 were originated and 595 denied.
49.7% of all applications, or 56.9% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans Spring Eq originated in Utah in 2025 was 9.05%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Utah, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology