Lenders › Spring Eq, LLC › Michigan
Spring Eq, LLC in Michigan
HMDA record for properties in Michigan, calendar year 2024. National record · Michigan 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 Michigan, Spring Eq, LLC reported 2,063 applications and 583 originations for 2024, $46m in all.
Its denial rate in the state was 65.8%, above the Michigan rate of 23.9% across all lenders and compared with the lender's national rate of 64.0%.
The median rate spread on its Michigan originations was 4.0 percentage points (state median 0.5).
Applications in the state were up 38% on 2023.
Compared with the state and the lender's national record
| Measure | In Michigan | Michigan, all lenders | Spring Eq, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 65.8% | 23.9% | 64.0% | 24.3% |
| Median rate spread, pp | 4.0 | 0.5 | 3.7 | 0.3 |
| Originations with spread of 1.5 pp or more | 98.6% | 18.4% | 96.7% | 15.6% |
| Average originated loan | $79k | $212k | $100k | $329k |
| Home purchase share | 0.3% | 51.2% | 1.0% | 57.0% |
| FHA-insured share | 0.0% | 10.0% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 4.5% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMichigan, all lenders
Loan purpose and loan type in Michigan
By purpose
Home purchase 0% (2)Home improvement 24% (139)Refinancing 5% (29)Cash-out refinancing 7% (41)Other purpose 64% (372)
By type
Conventional 100% (583)
Denial reasons as coded
Share of 1,155 denials in Michigan by first denial reason coded (outlined bar: all lenders in the state).
Counties in Michigan
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Oakland County | 353 | 105 | $9.4m | 64.2% |
| Wayne County | 295 | 73 | $5.7m | 69.6% |
| Macomb County | 212 | 65 | $4.8m | 64.7% |
| Kent County | 115 | 35 | $3.2m | 63.5% |
| Ottawa County | 65 | 24 | $2.0m | 52.7% |
| Livingston County | 62 | 23 | $2.2m | 54.7% |
| Washtenaw County | 75 | 22 | $2.2m | 67.1% |
| Genesee County | 88 | 19 | $1.5m | 72.2% |
| Kalamazoo County | 66 | 17 | $1.2m | 67.9% |
| Ingham County | 44 | 14 | $950k | 59.5% |
| Jackson County | 41 | 12 | $660k | 61.3% |
| St. Clair County | 40 | 12 | $710k | 66.7% |
| Muskegon County | 29 | 12 | $790k | — |
| Allegan County | 32 | 11 | $1.2m | 64.5% |
| Monroe County | 38 | 10 | $610k | 69.7% |
| Eaton County | 25 | 9 | $395k | — |
| Saginaw County | 32 | 8 | $430k | 67.9% |
| Lapeer County | 26 | 7 | $535k | — |
| Berrien County | 36 | 6 | $310k | 81.8% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Spring Eq, LLC originate in Michigan in 2024?
583 loans totalling $46m, from 2,063 applications reported for properties in Michigan.
What is Spring Eq, LLC's denial rate in Michigan?
65.8% of decided applications in Michigan were denied, against 23.9% 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 Michigan counties does Spring Eq, LLC lend in most?
By originations: Oakland County (105), Wayne County (73), Macomb County (65), Kent County (35), Ottawa County (24).
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 Michigan. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.