Spring Eq Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300PIL8LFAQ04XC20

Tax ID: 37-1801711

2.14 stars - out of 5 stars, based on 78 reviews

2020 Data | 2019 Data | 2018 Data


Overview

Spring Eq is a smaller mortgage company specializing in Other, Refi, and Cash Out Refi loans. Spring Eq has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Phoenix, Los Angeles, Raleigh, Atlanta, and Washington among others. They have a below average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Spring Eq is typically a low fee lendor.


Originations

6,121

Origination Dollar Volume (All Markets)

$731,975,000
Show all (61) awards

Relative Rate

Spring Eq 's average 30 year fixed rate mortgage of loans were 4.67%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of 1.31%.

Relative Fees

Spring Eq 's average total fees for a 30 year fixed rate mortgage are $2,479.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 338 $41,490,000 $122,751 $1,916 5.10%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 259 $35,285,000 $136,236 $2,006 5.61%
Outside of Metro Areas 358 $30,640,000 $85,587 $1,864 5.65%
RALEIGH-CARY, NC (FHA|USDA|VA) 106 $25,820,000 $243,585 $2,500 3.94%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 261 $25,015,000 $95,843 $1,995 5.54%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 188 $24,740,000 $131,596 $2,001 5.07%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 115 $21,825,000 $189,783 $2,878 4.40%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 184 $19,740,000 $107,283 $1,932 5.70%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 136 $19,380,000 $142,500 $1,872 5.74%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 137 $18,145,000 $132,445 $1,957 5.56%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 122 $18,060,000 $148,033 $2,076 5.14%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 110 $17,850,000 $162,273 $2,059 4.43%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 105 $17,495,000 $166,619 $2,209 5.61%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 127 $16,065,000 $126,496 $1,962 5.22%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 120 $15,130,000 $126,083 $1,928 4.91%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 112 $14,870,000 $132,768 $1,958 5.09%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 82 $12,240,000 $149,268 $2,083 5.35%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 113 $11,425,000 $101,106 $2,773 5.26%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 94 $11,410,000 $121,383 $2,038 5.61%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 85 $9,915,000 $116,647 $2,031 5.39%
SALISBURY, MD-DE (FHA|USDA|VA) 40 $9,130,000 $228,250 $2,879 3.48%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 71 $8,615,000 $121,338 $2,231 5.34%
NEWARK, NJ-PA (FHA|USDA|VA) 72 $8,040,000 $111,667 $1,853 5.65%
PHILADELPHIA, PA (FHA|USDA|VA) 38 $7,270,000 $191,316 $3,002 4.42%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 30 $7,230,000 $241,000 $2,102 5.05%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 51 $6,895,000 $135,196 $2,673 5.45%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 32 $6,500,000 $203,125 $2,790 4.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 76 $6,290,000 $82,763 $2,570 5.66%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 47 $5,985,000 $127,340 $1,895 4.56%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 46 $5,940,000 $129,130 $2,254 5.28%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 30 $5,790,000 $193,000 $2,033 5.08%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 36 $5,700,000 $158,333 $2,668 4.51%
CAMDEN, NJ (FHA|USDA|VA) 56 $5,550,000 $99,107 $1,798 5.34%
JACKSONVILLE, FL (FHA|USDA|VA) 60 $5,300,000 $88,333 $2,687 5.38%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 44 $5,260,000 $119,545 $1,946 5.00%
STOCKTON, CA (FHA|USDA|VA) 42 $5,050,000 $120,238 $1,801 5.45%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 39 $4,945,000 $126,795 $2,624 5.22%
RICHMOND, VA (FHA|USDA|VA) 46 $4,880,000 $106,087 $1,858 5.44%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 32 $4,860,000 $151,875 $2,811 4.72%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 28 $4,250,000 $151,786 $2,529 4.48%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 23 $4,215,000 $183,261 $2,081 3.80%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 47 $4,135,000 $87,979 $1,721 5.45%
WILMINGTON, DE-MD-NJ (FHA|USDA|VA) 25 $4,125,000 $165,000 $2,556 4.95%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 31 $3,865,000 $124,677 $1,884 4.96%
COLUMBUS, OH (FHA|USDA|VA) 43 $3,755,000 $87,326 $1,521 5.46%
PITTSBURGH, PA (FHA|USDA|VA) 32 $3,250,000 $101,563 $2,056 5.15%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 28 $3,200,000 $114,286 $1,948 5.81%
TUCSON, AZ (FHA|USDA|VA) 30 $3,090,000 $103,000 $1,939 5.16%
KANSAS CITY, MO-KS (FHA|USDA|VA) 27 $3,045,000 $112,778 $1,858 5.12%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 27 $3,035,000 $112,407 $1,886 5.72%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 32 $2,870,000 $89,688 $1,759 5.80%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 15 $2,855,000 $190,333 $2,272 4.73%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 34 $2,810,000 $82,647 $1,947 6.21%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 36 $2,710,000 $75,278 $1,627 6.03%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 27 $2,575,000 $95,370 $2,513 5.57%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 20 $2,530,000 $126,500 $1,948 5.01%
BOULDER, CO (FHA|USDA|VA) 15 $2,455,000 $163,667 $2,239 4.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 29 $2,425,000 $83,621 $1,831 5.82%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 19 $2,365,000 $124,474 $2,320 5.35%
FORT COLLINS, CO (FHA|USDA|VA) 15 $2,345,000 $156,333 $2,319 5.14%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 20 $2,330,000 $116,500 $1,822 5.66%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 12 $2,270,000 $189,167 $2,495 5.20%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 20 $2,250,000 $112,500 $1,943 5.35%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 17 $2,155,000 $126,765 $2,821 4.95%
MODESTO, CA (FHA|USDA|VA) 24 $2,070,000 $86,250 $1,994 6.13%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 11 $2,065,000 $187,727 $2,616 4.00%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 8 $2,030,000 $253,750 $1,918 4.21%
PORT ST. LUCIE, FL (FHA|USDA|VA) 11 $2,025,000 $184,091 $2,794 4.59%
KNOXVILLE, TN (FHA|USDA|VA) 19 $2,005,000 $105,526 $1,753 5.08%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 18 $1,990,000 $110,556 $2,655 4.76%
VALLEJO, CA (FHA|USDA|VA) 18 $1,970,000 $109,444 $1,854 5.26%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 25 $1,965,000 $78,600 $1,537 5.89%
FLAGSTAFF, AZ (FHA|USDA|VA) 10 $1,940,000 $194,000 $2,151 4.34%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 23 $1,915,000 $83,261 $1,781 5.54%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 16 $1,910,000 $119,375 $2,288 5.71%
SALINAS, CA (FHA|USDA|VA) 18 $1,820,000 $101,111 $1,814 5.45%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 28 $1,790,000 $63,929 $2,475 6.28%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH (FHA|USDA|VA) 19 $1,765,000 $92,895 $1,832 5.80%
GREELEY, CO (FHA|USDA|VA) 18 $1,750,000 $97,222 $2,028 5.70%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 15 $1,705,000 $113,667 $1,983 5.39%
FRESNO, CA (FHA|USDA|VA) 22 $1,650,000 $75,000 $1,695 5.98%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 12 $1,610,000 $134,167 $2,447 5.15%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $1,585,000 $144,091 $3,046 4.70%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 16 $1,580,000 $98,750 $1,817 4.93%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 10 $1,480,000 $148,000 $2,304 5.31%
OKLAHOMA CITY, OK (FHA|USDA|VA) 22 $1,460,000 $66,364 $1,922 5.54%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 23 $1,355,000 $58,913 $1,774 6.38%
WINSTON-SALEM, NC (FHA|USDA|VA) 13 $1,355,000 $104,231 $1,729 5.24%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $1,350,000 $135,000 $2,636 5.42%
SAN RAFAEL, CA (FHA|USDA|VA) 8 $1,340,000 $167,500 $1,902 5.82%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 11 $1,315,000 $119,545 $1,643 5.35%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 11 $1,295,000 $117,727 $2,670 3.71%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 11 $1,265,000 $115,000 $2,006 4.98%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 17 $1,265,000 $74,412 $1,874 5.58%
ALBUQUERQUE, NM (FHA|USDA|VA) 6 $1,260,000 $210,000 $3,350 3.21%
CHICO, CA (FHA|USDA|VA) 7 $1,255,000 $179,286 $2,056 4.36%
ROANOKE, VA (FHA|USDA|VA) 11 $1,245,000 $113,182 $2,039 5.11%
FLINT, MI (FHA|USDA|VA) 10 $1,220,000 $122,000 $2,049 5.78%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 16 $1,200,000 $75,000 $1,996 6.83%
SALEM, OR (FHA|USDA|VA) 11 $1,195,000 $108,636 $2,171 4.72%
ELGIN, IL (FHA|USDA|VA) 12 $1,190,000 $99,167 $1,805 5.15%
THE VILLAGES, FL (FHA|USDA|VA) 8 $1,190,000 $148,750 $2,461 4.47%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 10 $1,170,000 $117,000 $2,070 5.32%
AKRON, OH (FHA|USDA|VA) 16 $1,170,000 $73,125 $1,392 6.21%
ASHEVILLE, NC (FHA|USDA|VA) 11 $1,165,000 $105,909 $1,819 5.19%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 16 $1,140,000 $71,250 $2,019 6.14%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 12 $1,120,000 $93,333 $1,669 4.96%
COLUMBIA, SC (FHA|USDA|VA) 15 $1,115,000 $74,333 $1,933 6.19%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 15 $1,095,000 $73,000 $1,761 5.34%
VISALIA, CA (FHA|USDA|VA) 11 $1,085,000 $98,636 $1,910 5.17%
LANCASTER, PA (FHA|USDA|VA) 12 $1,050,000 $87,500 $1,993 5.71%
SAVANNAH, GA (FHA|USDA|VA) 12 $1,040,000 $86,667 $1,989 5.69%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 12 $1,030,000 $85,833 $1,438 6.53%
TALLAHASSEE, FL (FHA|USDA|VA) 8 $1,020,000 $127,500 $2,742 4.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $1,020,000 $85,000 $1,212 6.19%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 10 $990,000 $99,000 $2,356 5.28%
MADISON, WI (FHA|USDA|VA) 9 $975,000 $108,333 $2,179 5.27%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 11 $965,000 $87,727 $1,755 5.29%
PUEBLO, CO (FHA|USDA|VA) 8 $960,000 $120,000 $1,749 4.30%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 11 $955,000 $86,818 $1,834 5.55%
WILMINGTON, NC (FHA|USDA|VA) 10 $950,000 $95,000 $1,711 5.28%
WINCHESTER, VA-WV (FHA|USDA|VA) 10 $920,000 $92,000 $1,684 4.85%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 13 $895,000 $68,846 $1,604 6.04%
SANTA FE, NM (FHA|USDA|VA) 4 $810,000 $202,500 $2,147 5.54%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 12 $810,000 $67,500 $1,158 5.77%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 8 $800,000 $100,000 $1,940 5.13%
ANN ARBOR, MI (FHA|USDA|VA) 7 $795,000 $113,571 $1,932 4.66%
GAINESVILLE, GA (FHA|USDA|VA) 7 $775,000 $110,714 $2,351 4.52%
HUNTSVILLE, AL (FHA|USDA|VA) 13 $765,000 $58,846 $1,813 5.95%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 10 $760,000 $76,000 $1,760 5.24%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 6 $740,000 $123,333 $3,225 4.18%
GARY, IN (FHA|USDA|VA) 19 $735,000 $38,684 $1,390 6.49%
BATON ROUGE, LA (FHA|USDA|VA) 8 $730,000 $91,250 $2,041 5.02%
CLEVELAND, TN (FHA|USDA|VA) 4 $730,000 $182,500 $2,886 4.73%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 9 $725,000 $80,556 $1,553 6.03%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 5 $705,000 $141,000 $2,150 4.96%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 4 $700,000 $175,000 $2,028 3.56%
DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) 12 $700,000 $58,333 $2,006 6.30%
DOVER, DE (FHA|USDA|VA) 5 $685,000 $137,000 $3,326 4.35%
LYNCHBURG, VA (FHA|USDA|VA) 6 $670,000 $111,667 $2,027 5.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 11 $665,000 $60,455 $2,204 5.58%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 8 $640,000 $80,000 $1,808 5.14%
LONGVIEW, WA (FHA|USDA|VA) 5 $625,000 $125,000 $1,981 4.64%
MEDFORD, OR (FHA|USDA|VA) 8 $610,000 $76,250 $2,235 5.90%
TULSA, OK (FHA|USDA|VA) 10 $600,000 $60,000 $2,124 5.48%
OCEAN CITY, NJ (FHA|USDA|VA) 4 $590,000 $147,500 $2,159 4.61%
SPARTANBURG, SC (FHA|USDA|VA) 6 $570,000 $95,000 $1,933 4.72%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 7 $565,000 $80,714 $2,456 4.93%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $560,000 $140,000 $2,168 5.49%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $555,000 $111,000 $2,342 6.54%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $550,000 $91,667 $1,902 6.04%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 5 $535,000 $107,000 $1,946 4.93%
BURLINGTON, NC (FHA|USDA|VA) 5 $535,000 $107,000 $1,752 5.41%
FAYETTEVILLE, NC (FHA|USDA|VA) 7 $525,000 $75,000 $1,572 6.14%
BELLINGHAM, WA (FHA|USDA|VA) 4 $520,000 $130,000 $1,728 5.48%
WENATCHEE, WA (FHA|USDA|VA) 3 $515,000 $171,667 $1,820 4.67%
LAS CRUCES, NM (FHA|USDA|VA) 3 $505,000 $168,333 $2,262 5.45%
STATE COLLEGE, PA (FHA|USDA|VA) 4 $480,000 $120,000 $2,511 4.34%
BEND, OR (FHA|USDA|VA) 6 $460,000 $76,667 $1,906 5.70%
LINCOLN, NE (FHA|USDA|VA) 6 $460,000 $76,667 $1,844 6.05%
YUMA, AZ (FHA|USDA|VA) 4 $460,000 $115,000 $1,787 4.52%
LEBANON, PA (FHA|USDA|VA) 6 $450,000 $75,000 $2,059 5.61%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 4 $450,000 $112,500 $2,084 4.14%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 5 $445,000 $89,000 $2,479 5.69%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 5 $435,000 $87,000 $1,863 4.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $435,000 $87,000 $1,701 8.17%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 3 $425,000 $141,667 $1,805 4.83%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 9 $415,000 $46,111 $1,631 6.24%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $410,000 $102,500 $1,837 5.21%
ALEXANDRIA, LA (FHA|USDA|VA) 4 $410,000 $102,500 $1,837 5.67%
EVANSVILLE, IN-KY (FHA|USDA|VA) 6 $400,000 $66,667 $1,410 6.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $390,000 $97,500 $1,950 4.22%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $385,000 $128,333 $2,072 4.36%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $380,000 $190,000 $2,808 2.88%
MADERA, CA (FHA|USDA|VA) 7 $375,000 $53,571 $1,822 7.21%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $370,000 $92,500 $1,338 5.89%
READING, PA (FHA|USDA|VA) 4 $370,000 $92,500 $2,064 6.21%
HARRISONBURG, VA (FHA|USDA|VA) 3 $365,000 $121,667 $1,759 5.23%
PEORIA, IL (FHA|USDA|VA) 3 $355,000 $118,333 $1,921 5.10%
KOKOMO, IN (FHA|USDA|VA) 1 $355,000 $355,000 $2,098 2.63%
GRAND JUNCTION, CO (FHA|USDA|VA) 4 $350,000 $87,500 $2,249 5.25%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 4 $330,000 $82,500 $2,117 6.53%
BAKERSFIELD, CA (FHA|USDA|VA) 8 $330,000 $41,250 $1,848 6.73%
NILES, MI (FHA|USDA|VA) 3 $325,000 $108,333 $1,755 4.90%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $325,000 $65,000 $1,953 5.81%
ST. CLOUD, MN (FHA|USDA|VA) 5 $325,000 $65,000 $1,801 5.65%
TOLEDO, OH (FHA|USDA|VA) 5 $315,000 $63,000 $2,049 5.80%
MORRISTOWN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $2,100 2.63%
VALDOSTA, GA (FHA|USDA|VA) 2 $300,000 $150,000 $2,453 2.88%
EL CENTRO, CA (FHA|USDA|VA) 3 $295,000 $98,333 $1,976 6.27%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 6 $280,000 $46,667 $1,665 5.76%
WICHITA, KS (FHA|USDA|VA) 8 $280,000 $35,000 $1,650 6.12%
SEBASTIAN-VERO BEACH, FL (FHA|USDA|VA) 4 $280,000 $70,000 $2,683 5.09%
NAPA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $2,637 6.30%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $275,000 $91,667 $2,561 4.76%
ROCHESTER, MN (FHA|USDA|VA) 4 $270,000 $67,500 $1,829 6.05%
GAINESVILLE, FL (FHA|USDA|VA) 3 $265,000 $88,333 $2,727 4.87%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $260,000 $130,000 $1,530 5.21%
DULUTH, MN-WI (FHA|USDA|VA) 2 $260,000 $130,000 $2,226 5.45%
MISSOULA, MT (FHA|USDA|VA) 2 $260,000 $130,000 $2,587 3.87%
REDDING, CA (FHA|USDA|VA) 5 $255,000 $51,000 $1,891 5.40%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $255,000 $85,000 $2,467 4.57%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 3 $255,000 $85,000 $1,667 6.85%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $250,000 $125,000 $2,468 4.29%
MERCED, CA (FHA|USDA|VA) 6 $250,000 $41,667 $1,684 6.41%
GETTYSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $3,767 2.75%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $235,000 $78,333 $1,605 4.81%
APPLETON, WI (FHA|USDA|VA) 2 $230,000 $115,000 $2,696 4.22%
CORVALLIS, OR (FHA|USDA|VA) 2 $230,000 $115,000 $2,146 4.36%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $230,000 $115,000 $2,591 4.12%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $220,000 $36,667 $849 5.92%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $220,000 $110,000 $1,778 4.64%
MONROE, LA (FHA|USDA|VA) 4 $210,000 $52,500 $1,826 6.03%
MONROE, MI (FHA|USDA|VA) 4 $210,000 $52,500 $1,493 6.73%
OCALA, FL (FHA|USDA|VA) 4 $210,000 $52,500 $2,240 6.71%
ROCKY MOUNT, NC (FHA|USDA|VA) 3 $195,000 $65,000 $1,144 7.25%
LAFAYETTE, LA (FHA|USDA|VA) 4 $190,000 $47,500 $2,042 6.50%
GADSDEN, AL (FHA|USDA|VA) 1 $185,000 $185,000 $1,895 2.88%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $180,000 $90,000 $2,222 5.35%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $175,000 $58,333 $1,578 5.67%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $175,000 $175,000 $2,453 3.13%
HAMMOND, LA (FHA|USDA|VA) 3 $175,000 $58,333 $1,786 5.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $175,000 $175,000 $2,157 3.38%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $170,000 $42,500 $1,492 7.89%
KANKAKEE, IL (FHA|USDA|VA) 2 $170,000 $85,000 $2,835 4.06%
BILLINGS, MT (FHA|USDA|VA) 3 $165,000 $55,000 $2,162 6.88%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,077 2.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $155,000 $51,667 $2,041 4.77%
CANTON-MASSILLON, OH (FHA|USDA|VA) 4 $150,000 $37,500 $1,279 5.76%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $150,000 $75,000 $2,029 4.72%
YAKIMA, WA (FHA|USDA|VA) 3 $145,000 $48,333 $1,711 5.93%
IOWA CITY, IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,208 2.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $135,000 $45,000 $1,645 7.86%
RACINE, WI (FHA|USDA|VA) 3 $135,000 $45,000 $1,557 6.08%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $135,000 $45,000 $1,294 5.53%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $130,000 $65,000 $1,086 6.87%
NEW BERN, NC (FHA|USDA|VA) 4 $120,000 $30,000 $1,163 6.17%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $120,000 $60,000 $1,525 6.19%
GREEN BAY, WI (FHA|USDA|VA) 2 $120,000 $60,000 $1,895 4.99%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 3 $115,000 $38,333 $1,272 5.62%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $115,000 $38,333 $1,568 9.00%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $110,000 $55,000 $1,946 5.35%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $110,000 $55,000 $1,699 6.30%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $105,000 $105,000 $1,226 5.00%
RENO, NV (FHA|USDA|VA) 1 $105,000 $105,000 $1,335 5.70%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $105,000 $35,000 $956 7.72%
JOHNSON CITY, TN (FHA|USDA|VA) 3 $105,000 $35,000 $1,435 6.60%
BAY CITY, MI (FHA|USDA|VA) 1 $105,000 $105,000 $1,680 6.50%
GRANTS PASS, OR (FHA|USDA|VA) 2 $100,000 $50,000 $1,674 6.12%
JACKSON, MI (FHA|USDA|VA) 2 $100,000 $50,000 $1,847 6.35%
MUSKEGON, MI (FHA|USDA|VA) 3 $95,000 $31,667 $1,441 6.65%
ERIE, PA (FHA|USDA|VA) 2 $90,000 $45,000 $1,795 5.80%
BRUNSWICK, GA (FHA|USDA|VA) 2 $90,000 $45,000 $1,754 6.25%
ALTOONA, PA (FHA|USDA|VA) 2 $90,000 $45,000 $1,738 5.82%
ROME, GA (FHA|USDA|VA) 1 $85,000 $85,000 $1,846 5.54%
GRAND ISLAND, NE (FHA|USDA|VA) 3 $85,000 $28,333 $1,668 5.82%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $80,000 $40,000 $1,377 5.22%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $80,000 $40,000 $1,624 5.42%
YUBA CITY, CA (FHA|USDA|VA) 2 $80,000 $40,000 $1,852 5.80%
MANKATO, MN (FHA|USDA|VA) 2 $80,000 $40,000 $1,875 5.90%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $75,000 $75,000 $1,786 5.40%
MONTGOMERY, AL (FHA|USDA|VA) 2 $70,000 $35,000 $1,610 5.90%
MOBILE, AL (FHA|USDA|VA) 2 $70,000 $35,000 $1,703 6.57%
FORT WAYNE, IN (FHA|USDA|VA) 2 $70,000 $35,000 $1,379 8.17%
SHEBOYGAN, WI (FHA|USDA|VA) 2 $70,000 $35,000 $756 7.95%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $70,000 $35,000 $1,685 5.55%
BANGOR, ME (FHA|USDA|VA) 2 $70,000 $35,000 $1,619 5.45%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $65,000 $65,000 $1,793 5.44%
HINESVILLE, GA (FHA|USDA|VA) 1 $65,000 $65,000 $1,768 9.74%
LAWTON, OK (FHA|USDA|VA) 1 $65,000 $65,000 $1,860 4.79%
DOTHAN, AL (FHA|USDA|VA) 2 $60,000 $30,000 $1,633 8.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $60,000 $30,000 $1,669 5.47%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $60,000 $30,000 $1,400 5.52%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $60,000 $30,000 $1,530 6.12%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $55,000 $55,000 $1,423 5.70%
ENID, OK (FHA|USDA|VA) 1 $55,000 $55,000 $1,786 5.20%
ALBANY, GA (FHA|USDA|VA) 1 $55,000 $55,000 $1,754 10.10%
GREENVILLE, NC (FHA|USDA|VA) 1 $55,000 $55,000 $1,608 6.00%
STAUNTON, VA (FHA|USDA|VA) 1 $55,000 $55,000 $1,531 5.70%
MANHATTAN, KS (FHA|USDA|VA) 1 $55,000 $55,000 $2,251 5.50%
TERRE HAUTE, IN (FHA|USDA|VA) 2 $50,000 $25,000 $1,362 8.07%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,614 5.60%
MANSFIELD, OH (FHA|USDA|VA) 1 $45,000 $45,000 $1,297 4.95%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,534 4.95%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,628 6.90%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,979 5.20%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 1 $45,000 $45,000 $1,086 5.70%
OWENSBORO, KY (FHA|USDA|VA) 1 $45,000 $45,000 $1,577 5.60%
DALTON, GA (FHA|USDA|VA) 1 $35,000 $35,000 $1,779 5.80%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $35,000 $35,000 $1,502 5.40%
FLORENCE, SC (FHA|USDA|VA) 1 $35,000 $35,000 $1,808 5.20%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $35,000 $35,000 $1,498 4.75%
LAWRENCE, KS (FHA|USDA|VA) 1 $35,000 $35,000 $1,657 5.20%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $35,000 $35,000 $1,227 4.95%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $35,000 $35,000 $903 7.60%
FARGO, ND-MN (FHA|USDA|VA) 1 $25,000 $25,000 $1,567 5.00%
AMES, IA (FHA|USDA|VA) 1 $25,000 $25,000 $1,138 5.45%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,514 5.25%
SAGINAW, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,523 5.75%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,674 5.25%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,376 6.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,999 7.25%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,642 6.45%
JACKSON, MS (FHA|USDA|VA) 1 $25,000 $25,000 $1,618 5.25%
GOLDSBORO, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,246 10.05%

Spring Eq 's top markets include Phoenix, Los Angeles, Raleigh, Atlanta, and Washington among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 6,120 $731,830,000 $119,580 $2,058 5.32%
FHA 1 $145,000 $145,000 $3,001 2.75%

For the 2020 period, Spring Eq 's most frequently originated loan type of loans were Conventional, with 6,120 originations. Their 2nd most popular type is FHA, with 1 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Other 2,595 $166,605,000 $64,202 $1,780 6.28%
Home Improvement 1,490 $94,800,000 $63,624 $1,765 6.03%
Refi 1,259 $308,625,000 $245,135 $2,564 3.39%
Cash Out Refi 700 $151,180,000 $215,971 $2,784 3.73%
Home Purchase 77 $10,765,000 $139,805 $2,222 5.52%

For the 2020, Spring Eq 's most frequently cited loan purpose of loans were Other, with 2,595 originations. The 2nd most popular reason of loans were Home Improvement, with 1,490 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
20 Year 2,838 $217,540,000 $76,653 $1,849 5.79%
30 Year 1,846 $377,700,000 $204,605 $2,479 4.67%
15 Year 875 $95,675,000 $109,343 $2,010 4.98%
10 Year 425 $24,275,000 $57,118 $1,726 5.74%
5 Year 71 $3,015,000 $42,465 $1,594 5.86%
Other 66 $13,770,000 $208,636 $2,532 4.69%

For the 2020, Spring Eq 's most frequently cited loan length of loans were 20 Year, with 2,838 originations. The 2nd most popular length of loans were 30 Year, with 1,846 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 5,732 $705,260,000 $123,039
$1k-2k 367 $24,405,000 $66,499
$2k-3k 14 $1,360,000 $97,143
$3k-4k 5 $845,000 $169,000

$2,479 of loans were Spring Eq 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 5,732 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
5-6% 2,074 $133,990,000 $64,605
2.5-3% 1,063 $292,625,000 $275,282
6-7% 1,041 $68,525,000 $65,826
4-5% 746 $70,790,000 $94,893
Over 8% 442 $27,620,000 $62,489
<2.5% 307 $84,585,000 $275,521
7-8% 283 $14,375,000 $50,795
3-4% 165 $39,465,000 $239,182

During 2020, Spring Eq 's average interest rate of loans were 4.67%, while their most frequently originated rate bucket of loans were 5-6%, with 2,074 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 3,842 $195,360,000 $50,849 $1,727 6.20%
$200k-400k 1,059 $294,695,000 $278,277 $2,865 3.11%
$100k-200k 1,007 $143,225,000 $142,229 $2,224 4.83%
$400k-600k 208 $95,200,000 $457,692 $3,180 2.92%
$600k-1MM 5 $3,495,000 $699,000 $5,295 2.95%

2020 saw Spring Eq place emphasis on $100,000 or less loans with 3,842 originations, totaling $195,360,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,855 $215,055,000 $115,933 $2,034 5.39%
$150k-250k 1,390 $182,380,000 $131,209 $2,081 5.48%
$75k-100k 1,063 $120,465,000 $113,325 $2,051 5.22%
$50k-75k 993 $106,475,000 $107,226 $2,038 5.14%
$250k+ 468 $73,660,000 $157,393 $2,152 5.58%
$50k or less 352 $33,940,000 $96,420 $2,047 4.83%

Spring Eq lent most frequently to those with incomes in the $100k-150k range, with 1,855 originations. The second most popular income band? $150k-250k, with 1,390 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 1,254 $145,800,000 $116,268 $2,051 5.32%
20-30% 1,169 $163,835,000 $140,150 $2,120 4.69%
42% 873 $74,405,000 $85,229 $1,923 6.23%
41% 453 $44,235,000 $97,649 $1,990 5.89%
40% 418 $37,220,000 $89,043 $1,870 5.96%
39% 364 $34,520,000 $94,835 $1,936 5.78%
38% 340 $35,120,000 $103,294 $2,050 5.52%
<20% 319 $54,845,000 $171,928 $2,323 3.96%
36% 279 $29,925,000 $107,258 $1,987 5.49%
37% 272 $28,490,000 $104,743 $1,900 5.65%
43% 81 $17,055,000 $210,556 $2,327 4.13%
45% 62 $15,230,000 $245,645 $2,601 3.43%
49% 54 $10,330,000 $191,296 $2,517 4.71%
44% 53 $12,455,000 $235,000 $2,873 3.49%
47% 46 $10,760,000 $233,913 $2,498 4.05%
48% 45 $8,735,000 $194,111 $2,517 4.28%
46% 32 $7,470,000 $233,438 $2,603 3.99%
50-60% 5 $1,295,000 $259,000 $3,327 2.68%
>60% 2 $250,000 $125,000 $1,945 4.90%

Spring Eq lent most frequently to those with DTI ratios of 30-36%, with 1,254 originations. The next most common DTI ratio? 20-30%, with 1,169 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,284 $461,210,000 $107,659 $1,993 5.48%
Not provided 1,233 $183,355,000 $148,706 $2,249 4.85%
Asian 287 $53,865,000 $187,683 $2,254 4.66%
Black 245 $23,205,000 $94,714 $1,928 5.79%
American Indian 29 $3,175,000 $109,483 $1,883 5.71%
Asian Indian 10 $3,070,000 $307,000 $3,573 3.91%
Native Hawaiian 22 $1,420,000 $64,545 $1,846 6.41%
Other Asian 4 $850,000 $212,500 $1,727 3.92%
Japanese 2 $760,000 $380,000 $5,968 2.63%
Chinese 1 $625,000 $625,000 $9,934 2.63%
Other Pacific Islander 2 $300,000 $150,000 $2,189 5.27%
Filipino 1 $85,000 $85,000 $1,930 4.79%
Vietnamese 1 $55,000 $55,000 $1,809 5.20%

Approval Rates

Total approvals of all applications
55.04%

Spring Eq has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
-12.64%

Spring Eq has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 6,121 $731,975,000 $119,584

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 6,121 $731,975,000 $119,584

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,335 $142,005,000 $106,371 $1,987 5.74%
40-60% 522 $127,980,000 $245,172 $2,617 3.22%
60-80% 789 $223,145,000 $282,820 $2,947 2.83%
80-100% 135 $41,435,000 $306,926 $3,291 2.84%
Under 20% 3,340 $197,410,000 $59,105 $1,739 6.18%