Lenders › Spring Eq, LLC › Washington
Spring Eq, LLC in Washington
HMDA record for properties in Washington, calendar year 2024. National record · Washington 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 Washington, Spring Eq, LLC reported 3,502 applications and 1,093 originations for 2024, $118m in all.
Its denial rate in the state was 62.6%, above the Washington rate of 21.3% across all lenders and compared with the lender's national rate of 64.0%.
The median rate spread on its Washington originations was 3.6 percentage points (state median 0.4).
Applications in the state were up 42% on 2023.
Compared with the state and the lender's national record
| Measure | In Washington | Washington, all lenders | Spring Eq, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 62.6% | 21.3% | 64.0% | 24.3% |
| Median rate spread, pp | 3.6 | 0.4 | 3.7 | 0.3 |
| Originations with spread of 1.5 pp or more | 97.2% | 15.8% | 96.7% | 15.6% |
| Average originated loan | $108k | $440k | $100k | $329k |
| Home purchase share | 1.6% | 54.5% | 1.0% | 57.0% |
| FHA-insured share | 0.0% | 9.9% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 8.6% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateWashington, all lenders
Loan purpose and loan type in Washington
By purpose
Home purchase 2% (17)Home improvement 22% (240)Refinancing 8% (82)Cash-out refinancing 11% (123)Other purpose 58% (631)
By type
Conventional 100% (1,093)
Denial reasons as coded
Share of 1,876 denials in Washington by first denial reason coded (outlined bar: all lenders in the state).
Counties in Washington
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| King County | 747 | 200 | $30m | 66.9% |
| Pierce County | 558 | 188 | $19m | 60.9% |
| Snohomish County | 490 | 164 | $21m | 60.2% |
| Clark County | 334 | 116 | $9.8m | 59.2% |
| Spokane County | 227 | 79 | $6.4m | 56.7% |
| Kitsap County | 160 | 58 | $6.2m | 57.2% |
| Thurston County | 156 | 46 | $4.5m | 62.4% |
| Benton County | 108 | 40 | $3.5m | 56.5% |
| Skagit County | 68 | 21 | $2.5m | 61.8% |
| Whatcom County | 67 | 20 | $2.2m | 66.1% |
| Cowlitz County | 53 | 20 | $1.8m | 55.3% |
| Island County | 61 | 18 | $2.0m | 68.4% |
| Yakima County | 47 | 15 | $985k | 55.3% |
| Clallam County | 38 | 15 | $1.5m | 55.9% |
| Lewis County | 45 | 13 | $885k | 61.8% |
| Grays Harbor County | 44 | 13 | $865k | 65.8% |
| Grant County | 30 | 10 | $860k | 61.5% |
| Mason County | 33 | 8 | $650k | 72.4% |
| Stevens County | 29 | 8 | $690k | — |
| Franklin County | 27 | 8 | $550k | 64.0% |
| Chelan County | 32 | 7 | $735k | 71.4% |
| Walla Walla County | 28 | 7 | $615k | 71.4% |
| Kittitas County | 28 | 7 | $525k | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Spring Eq, LLC originate in Washington in 2024?
1,093 loans totalling $118m, from 3,502 applications reported for properties in Washington.
What is Spring Eq, LLC's denial rate in Washington?
62.6% of decided applications in Washington were denied, against 21.3% 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 Washington counties does Spring Eq, LLC lend in most?
By originations: King County (200), Pierce County (188), Snohomish County (164), Clark County (116), Spokane County (79).
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 Washington. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.