Lenders › Spring Eq, LLC › Florida
Spring Eq, LLC in Florida
HMDA record for properties in Florida, calendar year 2024. National record · Florida 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 Florida, Spring Eq, LLC reported 11,813 applications and 2,933 originations for 2024, $306m in all.
Its denial rate in the state was 69.9%, above the Florida rate of 29.0% across all lenders and compared with the lender's national rate of 64.0%.
The median rate spread on its Florida originations was 3.7 percentage points (state median 0.3).
Applications in the state were up 15% on 2023.
Compared with the state and the lender's national record
| Measure | In Florida | Florida, all lenders | Spring Eq, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 69.9% | 29.0% | 64.0% | 24.3% |
| Median rate spread, pp | 3.7 | 0.3 | 3.7 | 0.3 |
| Originations with spread of 1.5 pp or more | 96.2% | 16.4% | 96.7% | 15.6% |
| Average originated loan | $104k | $359k | $100k | $329k |
| Home purchase share | 1.1% | 62.9% | 1.0% | 57.0% |
| FHA-insured share | 0.0% | 17.7% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 9.5% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateFlorida, all lenders
Loan purpose and loan type in Florida
By purpose
Home purchase 1% (33)Home improvement 25% (724)Refinancing 5% (150)Cash-out refinancing 8% (239)Other purpose 61% (1,787)
By type
Conventional 100% (2,933)
Denial reasons as coded
Share of 7,018 denials in Florida by first denial reason coded (outlined bar: all lenders in the state).
Counties in Florida
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Broward County | 1,273 | 279 | $35m | 73.5% |
| Miami-Dade County | 1,259 | 252 | $36m | 75.8% |
| Orange County | 779 | 240 | $26m | 63.3% |
| Palm Beach County | 939 | 209 | $27m | 72.5% |
| Hillsborough County | 784 | 197 | $21m | 69.0% |
| Pinellas County | 482 | 146 | $15m | 64.8% |
| Lee County | 449 | 115 | $11m | 68.8% |
| Seminole County | 344 | 112 | $11m | 59.9% |
| Duval County | 436 | 106 | $11m | 70.9% |
| Pasco County | 395 | 97 | $9.6m | 69.6% |
| Polk County | 401 | 94 | $6.8m | 72.4% |
| Brevard County | 324 | 93 | $8.4m | 65.5% |
| Volusia County | 342 | 89 | $7.4m | 68.2% |
| Lake County | 283 | 85 | $7.1m | 63.9% |
| St. Johns County | 230 | 73 | $7.6m | 61.3% |
| St. Lucie County | 283 | 72 | $5.9m | 68.9% |
| Osceola County | 321 | 67 | $5.2m | 74.5% |
| Manatee County | 240 | 62 | $7.5m | 70.2% |
| Sarasota County | 226 | 59 | $5.7m | 70.0% |
| Marion County | 204 | 53 | $3.8m | 69.0% |
| Collier County | 200 | 46 | $6.3m | 71.0% |
| Santa Rosa County | 115 | 38 | $2.8m | 60.6% |
| Charlotte County | 128 | 34 | $2.8m | 70.1% |
| Clay County | 126 | 29 | $2.1m | 72.5% |
| Hernando County | 125 | 27 | $2.1m | 72.2% |
| Martin County | 80 | 25 | $2.8m | 61.5% |
| Leon County | 80 | 23 | $2.0m | 64.1% |
| Okaloosa County | 87 | 22 | $2.2m | 68.1% |
| Indian River County | 88 | 18 | $1.4m | 73.1% |
| Flagler County | 86 | 18 | $1.2m | 76.0% |
| Citrus County | 82 | 17 | $1.3m | 69.0% |
| Escambia County | 85 | 16 | $1.5m | 78.1% |
| Alachua County | 64 | 16 | $1.4m | 70.9% |
| Nassau County | 44 | 15 | $1.8m | 60.5% |
| Bay County | 71 | 13 | $755k | 75.4% |
| Highlands County | 60 | 12 | $710k | 75.0% |
| Sumter County | 40 | 11 | $755k | 69.4% |
| Monroe County | 41 | 10 | $1.5m | 67.6% |
| Walton County | 39 | 9 | $955k | 71.9% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Spring Eq, LLC originate in Florida in 2024?
2,933 loans totalling $306m, from 11,813 applications reported for properties in Florida.
What is Spring Eq, LLC's denial rate in Florida?
69.9% of decided applications in Florida were denied, against 29.0% 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 Florida counties does Spring Eq, LLC lend in most?
By originations: Broward County (279), Miami-Dade County (252), Orange County (240), Palm Beach County (209), Hillsborough County (197).
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 Florida. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.