Lenders › Spring Eq, LLC › Mississippi
Spring Eq, LLC in Mississippi
HMDA record for properties in Mississippi, calendar year 2024. National record · Mississippi 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 Mississippi, Spring Eq, LLC reported 430 applications and 122 originations for 2024, $7.3m in all.
Its denial rate in the state was 64.1%, above the Mississippi rate of 30.2% across all lenders and compared with the lender's national rate of 64.0%.
The median rate spread on its Mississippi originations was 4.1 percentage points (state median 0.4).
Applications in the state were up 69% on 2023.
Compared with the state and the lender's national record
| Measure | In Mississippi | Mississippi, all lenders | Spring Eq, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 64.1% | 30.2% | 64.0% | 24.3% |
| Median rate spread, pp | 4.1 | 0.4 | 3.7 | 0.3 |
| Originations with spread of 1.5 pp or more | 99.0% | 18.2% | 96.7% | 15.6% |
| Average originated loan | $60k | $189k | $100k | $329k |
| Home purchase share | 1.6% | 57.7% | 1.0% | 57.0% |
| FHA-insured share | 0.0% | 18.3% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 10.3% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMississippi, all lenders
Loan purpose and loan type in Mississippi
By purpose
Home purchase 2% (2)Home improvement 24% (29)Refinancing 2% (2)Cash-out refinancing 4% (5)Other purpose 69% (84)
By type
Conventional 100% (122)
Denial reasons as coded
Share of 223 denials in Mississippi by first denial reason coded (outlined bar: all lenders in the state).
Counties in Mississippi
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| DeSoto County | 97 | 28 | $1.9m | 61.3% |
| Harrison County | 34 | 11 | $755k | 63.3% |
| Rankin County | 33 | 9 | $445k | 63.0% |
| Madison County | 30 | 9 | $815k | — |
| Jackson County | 25 | 7 | $385k | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Spring Eq, LLC originate in Mississippi in 2024?
122 loans totalling $7.3m, from 430 applications reported for properties in Mississippi.
What is Spring Eq, LLC's denial rate in Mississippi?
64.1% of decided applications in Mississippi were denied, against 30.2% 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 Mississippi counties does Spring Eq, LLC lend in most?
By originations: DeSoto County (28), Harrison County (11), Rankin County (9), Madison County (9), Jackson County (7).
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 Mississippi. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.