Spring Eq in Washington vs the state
48.5%Denial rate+32.82 pts vs state
58.6%Decision denial rate+39.06 pts vs state
32.0%Origination rate-29.08 pts vs state
8.98%Median rate+2.35 pts vs state
2.90Rate spread (pts)+2.71 pts vs state
$135kMedian applicant income
1,086Loans originated
1,646Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,473 | 619 | 63.9% | 11.38% | #23 |
| 2024 | 3,502 | 1,093 | 53.6% | 9.83% | #15 |
| 2025 | 3,396 | 1,086 | 48.5% | 8.98% | #20 |
What Spring Eq lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 784 | 214 | 368 | 46.9% |
| Pierce County | 563 | 184 | 276 | 49.0% |
| Snohomish County | 472 | 165 | 219 | 46.4% |
| Clark County | 297 | 109 | 143 | 48.1% |
| Spokane County | 209 | 58 | 119 | 56.9% |
| Thurston County | 156 | 52 | 81 | 51.9% |
| Kitsap County | 156 | 54 | 75 | 48.1% |
| Benton County | 76 | 33 | 34 | 44.7% |
| Whatcom County | 75 | 27 | 33 | 44.0% |
| Skagit County | 67 | 28 | 28 | 41.8% |
Other large lenders in Washington
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Boeing Employees Credit Union | B | 21,599 | 23.8% | 6.13% |
| Rocket Mortgage | C | 14,301 | 15.9% | 6.63% |
| United Shore Financial Services | B | 13,770 | 10.0% | 6.13% |
| Guild Mortgage | A | 8,056 | 3.4% | 6.63% |
| CMG Mortgage | A | 7,817 | 3.1% | 6.63% |
| Movement Mortgage | A | 7,472 | 3.6% | 6.63% |
| Bank of America | F | 6,986 | 27.0% | 5.99% |
| Crosscountry Mortgage | B | 6,903 | 3.1% | 6.63% |
| U.S. Bank | D | 6,568 | 27.6% | 6.63% |
| Newrez | D | 5,849 | 12.9% | 6.63% |
Frequently asked questions
Washington: 3,396 applications in 2025, of which 1,086 were originated and 1,646 denied.
48.5% of all applications, or 58.6% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Spring Eq originated in Washington in 2025 was 8.98%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Washington, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology