Spring Eq in Wisconsin vs the state
51.9%Denial rate+37.89 pts vs state
62.7%Decision denial rate+46.38 pts vs state
28.5%Origination rate-39.63 pts vs state
9.30%Median rate+2.68 pts vs state
3.46Rate spread (pts)+3.34 pts vs state
$98kMedian applicant income
322Loans originated
586Denied
Trend in Wisconsin
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 651 | 162 | 63.9% | 11.25% | #58 |
| 2024 | 789 | 268 | 48.9% | 9.88% | #58 |
| 2025 | 1,129 | 322 | 51.9% | 9.30% | #44 |
What Spring Eq lends in Wisconsin
By loan purpose
By loan type
Why it denied Wisconsin applicants
Where in Wisconsin
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Milwaukee County | 150 | 36 | 84 | 56.0% |
| Waukesha County | 103 | 33 | 48 | 46.6% |
| Walworth County | 62 | 19 | 28 | 45.2% |
| Brown County | 54 | 17 | 26 | 48.1% |
| Racine County | 53 | 19 | 26 | 49.1% |
| Dane County | 52 | 14 | 28 | 53.8% |
| Washington County | 38 | 10 | 20 | 52.6% |
| Kenosha County | 37 | 9 | 20 | 54.1% |
| Outagamie County | 37 | 13 | 18 | 48.6% |
| Rock County | 32 | 5 | 21 | 65.6% |
Other large lenders in Wisconsin
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Summit Credit Union | A | 15,483 | 13.8% | 6.75% |
| University of Wisconsin Credit Union | A | 11,781 | 13.8% | 6.50% |
| Landmark Credit Union | A | 9,393 | 17.7% | 6.50% |
| Rocket Mortgage | C | 7,819 | 18.0% | 6.63% |
| Associated Bank | B | 7,451 | 23.7% | 6.88% |
| BMO Bank | F | 5,202 | 25.3% | 8.23% |
| Educators Credit Union | B | 4,930 | 24.3% | 6.95% |
| U.S. Bank | D | 4,710 | 26.0% | 6.88% |
| Covantage Credit Union | B | 4,581 | 7.7% | 6.50% |
| United Shore Financial Services | B | 4,421 | 11.8% | 6.38% |
Frequently asked questions
Wisconsin: 1,129 applications in 2025, of which 322 were originated and 586 denied.
51.9% of all applications, or 62.7% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.
The median rate on loans Spring Eq originated in Wisconsin in 2025 was 9.30%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Wisconsin, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology