Lenders › Spring Eq, LLC › California
Spring Eq, LLC in California
HMDA record for properties in California, calendar year 2024. National record · California overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In California, Spring Eq, LLC reported 23,133 applications and 7,204 originations for 2024, $917m in all.
Its denial rate in the state was 63.3%, above the California rate of 24.8% across all lenders and compared with the lender's national rate of 64.0%.
The median rate spread on its California originations was 3.5 percentage points (state median 0.4).
Applications in the state were up 26% on 2023.
Compared with the state and the lender's national record
| Measure | In California | California, all lenders | Spring Eq, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 63.3% | 24.8% | 64.0% | 24.3% |
| Median rate spread, pp | 3.5 | 0.4 | 3.7 | 0.3 |
| Originations with spread of 1.5 pp or more | 94.9% | 19.9% | 96.7% | 15.6% |
| Average originated loan | $127k | $566k | $100k | $329k |
| Home purchase share | 1.3% | 51.2% | 1.0% | 57.0% |
| FHA-insured share | 0.0% | 11.4% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 4.8% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateCalifornia, all lenders
Loan purpose and loan type in California
By purpose
Home purchase 1% (94)Home improvement 36% (2,562)Refinancing 7% (476)Cash-out refinancing 9% (647)Other purpose 48% (3,425)
By type
Conventional 100% (7,204)
Denial reasons as coded
Share of 12,774 denials in California by first denial reason coded (outlined bar: all lenders in the state).
Counties in California
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 4,643 | 1,364 | $195m | 65.2% |
| San Diego County | 2,534 | 858 | $131m | 59.6% |
| Riverside County | 2,437 | 786 | $87m | 62.6% |
| San Bernardino County | 1,791 | 575 | $60m | 62.8% |
| Orange County | 1,567 | 473 | $81m | 64.1% |
| Sacramento County | 1,273 | 436 | $43m | 59.8% |
| Contra Costa County | 792 | 256 | $34m | 61.4% |
| San Joaquin County | 707 | 204 | $21m | 66.0% |
| Kern County | 598 | 194 | $16m | 62.6% |
| Ventura County | 588 | 181 | $26m | 63.6% |
| Fresno County | 520 | 154 | $14m | 65.9% |
| Alameda County | 567 | 153 | $23m | 67.0% |
| Placer County | 444 | 151 | $20m | 59.4% |
| Santa Clara County | 512 | 145 | $28m | 65.1% |
| Stanislaus County | 434 | 143 | $12m | 62.0% |
| Solano County | 421 | 131 | $13m | 63.7% |
| El Dorado County | 183 | 68 | $7.6m | 57.1% |
| Monterey County | 219 | 66 | $8.1m | 65.6% |
| Tulare County | 231 | 65 | $5.2m | 65.8% |
| Sonoma County | 193 | 64 | $8.2m | 61.4% |
| Santa Barbara County | 229 | 54 | $8.3m | 71.5% |
| San Mateo County | 199 | 53 | $11m | 66.7% |
| San Luis Obispo County | 166 | 49 | $7.1m | 62.6% |
| Madera County | 140 | 49 | $4.3m | 59.2% |
| Shasta County | 139 | 49 | $3.5m | 60.0% |
| Yolo County | 113 | 42 | $4.8m | 56.7% |
| Merced County | 138 | 41 | $3.1m | 64.7% |
| Imperial County | 122 | 40 | $3.0m | 63.3% |
| Santa Cruz County | 101 | 30 | $4.6m | 63.9% |
| Napa County | 89 | 29 | $4.0m | 61.8% |
| Marin County | 115 | 26 | $4.6m | 71.6% |
| Nevada County | 93 | 25 | $2.5m | 68.3% |
| Yuba County | 71 | 25 | $1.9m | 61.2% |
| Kings County | 69 | 25 | $1.8m | 58.3% |
| San Benito County | 68 | 25 | $2.7m | 55.2% |
| Amador County | 60 | 25 | $1.8m | 56.1% |
| San Francisco County | 111 | 21 | $4.2m | 75.9% |
| Sutter County | 58 | 21 | $2.3m | 60.4% |
| Butte County | 79 | 18 | $1.3m | 74.6% |
| Calaveras County | 48 | 12 | $1.0m | 71.4% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Spring Eq, LLC originate in California in 2024?
7,204 loans totalling $917m, from 23,133 applications reported for properties in California.
What is Spring Eq, LLC's denial rate in California?
63.3% of decided applications in California were denied, against 24.8% for all lenders in the state and 64.0% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which California counties does Spring Eq, LLC lend in most?
By originations: Los Angeles County (1,364), San Diego County (858), Riverside County (786), San Bernardino County (575), Orange County (473).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in California. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.