Spring Eq Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300PIL8LFAQ04XC20
Tax ID: 37-1801711
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Mortgage Data
Review & Overview
Spring Eq is a smaller mortgage company specializing in Home Improvement and Other loans. Spring Eq has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Denver, New York, Washington, and Atlanta among others. We have data for 281 markets. (Some data included below & more in-depth data is available with an active subscription.)Spring Eq has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 8.10% | 12/16/24 |
| 30 Year Conventional Purchase | 9.83% | 12/16/24 |
| 30 Year Conventional Refi | 9.63% | 12/16/24 |
| 30 Year Cash-out Refi | 8.03% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 9.25% | 12/16/24 |
| 15 Year Conventional Refi | 9.26% | 12/16/24 |
| 15 Year Cash-out Refi | 9.26% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,702Origination Dollar Volume (All Markets)
$152,100,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 158 | $12,040,000 | $76,203 | $2,811 | 7.43% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 110 | $8,130,000 | $73,909 | $2,784 | 7.34% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 131 | $7,435,000 | $56,756 | $1,742 | 7.77% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 105 | $6,655,000 | $63,381 | $2,614 | 7.64% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 122 | $6,540,000 | $53,607 | $2,727 | 7.80% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 105 | $6,215,000 | $59,190 | $2,631 | 7.55% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 50 | $5,610,000 | $112,200 | $2,487 | 7.20% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 116 | $5,370,000 | $46,293 | $2,818 | 7.85% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 87 | $4,635,000 | $53,276 | $4,025 | 7.53% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 67 | $4,295,000 | $64,104 | $2,625 | 7.70% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 55 | $4,155,000 | $75,545 | $3,138 | 7.39% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 41 | $3,235,000 | $78,902 | $2,313 | 7.68% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 63 | $3,185,000 | $50,556 | $1,932 | 7.76% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 59 | $2,885,000 | $48,898 | $3,209 | 7.83% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 56 | $2,850,000 | $50,893 | $3,273 | 7.66% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 21 | $2,495,000 | $118,810 | $3,623 | 7.41% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 44 | $2,320,000 | $52,727 | $1,805 | 7.92% |
| Outside of Metro Areas | 49 | $2,065,000 | $42,143 | $2,305 | 7.79% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 40 | $1,690,000 | $42,250 | $2,663 | 8.22% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 41 | $1,685,000 | $41,098 | $2,301 | 7.74% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 31 | $1,665,000 | $53,710 | $2,517 | 7.96% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 18 | $1,570,000 | $87,222 | $3,563 | 7.64% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 29 | $1,465,000 | $50,517 | $2,865 | 7.85% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 24 | $1,290,000 | $53,750 | $1,975 | 8.26% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 16 | $1,220,000 | $76,250 | $3,503 | 7.47% |
| BOULDER, CO (FHA|USDA|VA) | 10 | $1,190,000 | $119,000 | $1,858 | 7.22% |
| RICHMOND, VA (FHA|USDA|VA) | 24 | $1,180,000 | $49,167 | $2,418 | 8.21% |
| STOCKTON, CA (FHA|USDA|VA) | 21 | $1,155,000 | $55,000 | $2,129 | 7.92% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 25 | $1,135,000 | $45,400 | $3,035 | 7.73% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 27 | $1,125,000 | $41,667 | $2,303 | 7.29% |
| FRESNO, CA (FHA|USDA|VA) | 19 | $1,085,000 | $57,105 | $2,388 | 7.56% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 20 | $1,020,000 | $51,000 | $1,632 | 7.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 17 | $1,015,000 | $59,706 | $3,175 | 7.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 25 | $965,000 | $38,600 | $2,667 | 7.31% |
| VALLEJO, CA (FHA|USDA|VA) | 13 | $965,000 | $74,231 | $2,528 | 7.61% |
| FORT COLLINS, CO (FHA|USDA|VA) | 15 | $945,000 | $63,000 | $2,374 | 7.61% |
| GREELEY, CO (FHA|USDA|VA) | 19 | $935,000 | $49,211 | $2,706 | 7.90% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 23 | $925,000 | $40,217 | $2,382 | 7.77% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 15 | $815,000 | $54,333 | $2,709 | 7.19% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 16 | $800,000 | $50,000 | $3,130 | 8.02% |
| TUCSON, AZ (FHA|USDA|VA) | 16 | $800,000 | $50,000 | $2,604 | 8.19% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 17 | $695,000 | $40,882 | $2,100 | 7.51% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 14 | $690,000 | $49,286 | $2,761 | 7.66% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 13 | $645,000 | $49,615 | $2,855 | 7.70% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $1,920 | 6.96% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 12 | $620,000 | $51,667 | $3,205 | 7.73% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 14 | $600,000 | $42,857 | $1,744 | 8.49% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 14 | $600,000 | $42,857 | $2,273 | 8.37% |
| COLUMBUS, OH (FHA|USDA|VA) | 16 | $580,000 | $36,250 | $1,832 | 7.95% |
| PITTSBURGH, PA (FHA|USDA|VA) | 16 | $550,000 | $34,375 | $2,072 | 7.79% |
| MODESTO, CA (FHA|USDA|VA) | 11 | $545,000 | $49,545 | $2,576 | 8.11% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 11 | $535,000 | $48,636 | $2,369 | 7.74% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 11 | $525,000 | $47,727 | $2,343 | 8.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 12 | $500,000 | $41,667 | $2,748 | 7.60% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 14 | $500,000 | $35,714 | $1,865 | 7.70% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 8 | $490,000 | $61,250 | $4,037 | 8.04% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $485,000 | $44,091 | $3,563 | 7.89% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 5 | $465,000 | $93,000 | $2,057 | 7.37% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 11 | $445,000 | $40,455 | $2,329 | 7.18% |
| SALEM, OR (FHA|USDA|VA) | 7 | $445,000 | $63,571 | $2,230 | 8.08% |
| LOUISVILLE, KY (FHA|USDA|VA) | 13 | $435,000 | $33,462 | $2,094 | 7.64% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 10 | $430,000 | $43,000 | $2,392 | 8.30% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 9 | $405,000 | $45,000 | $1,923 | 7.28% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,744 | 8.17% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 8 | $400,000 | $50,000 | $2,259 | 7.92% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 11 | $395,000 | $35,909 | $2,076 | 7.98% |
| MERCED, CA (FHA|USDA|VA) | 5 | $385,000 | $77,000 | $1,890 | 7.37% |
| KNOXVILLE, TN (FHA|USDA|VA) | 8 | $360,000 | $45,000 | $1,954 | 6.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 6 | $350,000 | $58,333 | $1,660 | 7.94% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 7 | $325,000 | $46,429 | $2,477 | 8.28% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 9 | $305,000 | $33,889 | $2,009 | 8.31% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 6 | $300,000 | $50,000 | $2,670 | 8.99% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 6 | $300,000 | $50,000 | $2,684 | 7.12% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 8 | $300,000 | $37,500 | $2,178 | 7.57% |
| BEND, OR (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $2,458 | 8.32% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $295,000 | $42,143 | $2,093 | 8.07% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $1,987 | 9.13% |
| WICHITA, KS (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $2,891 | 8.09% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $280,000 | $35,000 | $1,496 | 7.56% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 6 | $270,000 | $45,000 | $2,335 | 8.81% |
| SALINAS, CA (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $3,118 | 8.37% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 6 | $260,000 | $43,333 | $1,735 | 8.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $260,000 | $43,333 | $2,835 | 8.57% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $923 | 7.45% |
| MEDFORD, OR (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $2,195 | 7.77% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $1,983 | 7.67% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 7 | $235,000 | $33,571 | $2,109 | 7.49% |
| REDDING, CA (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $2,345 | 8.31% |
| SAVANNAH, GA (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $2,396 | 7.49% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 5 | $225,000 | $45,000 | $2,554 | 7.87% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $225,000 | $45,000 | $6,756 | 7.46% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $3,085 | 7.25% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,461 | 6.97% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $220,000 | $36,667 | $1,940 | 7.55% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 7 | $215,000 | $30,714 | $2,335 | 8.49% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $1,889 | 7.46% |
| MADISON, WI (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $2,246 | 7.27% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $1,564 | 7.87% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $1,694 | 7.57% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $195,000 | $39,000 | $1,341 | 7.69% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $2,406 | 7.83% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $1,664 | 8.41% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $2,907 | 7.81% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $185,000 | $37,000 | $2,972 | 7.57% |
| VISALIA, CA (FHA|USDA|VA) | 4 | $180,000 | $45,000 | $2,294 | 8.05% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $2,507 | 9.32% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $2,777 | 6.63% |
| Keene, NH (FHA|USDA|VA) | 4 | $170,000 | $42,500 | $2,309 | 7.15% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $170,000 | $42,500 | $2,308 | 8.15% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $2,488 | 8.37% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $2,511 | 7.48% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,020 | 6.42% |
| AKRON, OH (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $1,828 | 8.01% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $2,780 | 7.73% |
| DALTON, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,495 | 6.80% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $2,598 | 7.75% |
| MONROE, MI (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $1,995 | 7.71% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $150,000 | $37,500 | $2,387 | 7.22% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,029 | 8.87% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 5 | $145,000 | $29,000 | $2,460 | 7.31% |
| MADERA, CA (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $2,443 | 7.33% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,070 | 7.45% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $2,739 | 8.72% |
| NILES, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,178 | 10.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $3,481 | 7.24% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $2,149 | 8.06% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,244 | 6.55% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,090 | 7.47% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $3,270 | 7.17% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,745 | 6.90% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,490 | 6.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $3,718 | 8.07% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $1,053 | 8.21% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,256 | 7.69% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $1,935 | 7.61% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,002 | 9.37% |
| OCALA, FL (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $3,382 | 7.33% |
| Centralia, WA (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $2,347 | 8.10% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $2,148 | 7.55% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $2,448 | 7.27% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $2,026 | 8.30% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $2,102 | 7.74% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $2,515 | 8.57% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $1,424 | 7.12% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,020 | 7.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $3,137 | 8.37% |
| ALTOONA, PA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $2,384 | 7.23% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $2,049 | 6.87% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $2,396 | 6.54% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $1,786 | 8.24% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $1,941 | 6.70% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $2,422 | 7.99% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $2,269 | 7.53% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $2,040 | 8.41% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $2,116 | 8.62% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,628 | 7.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $2,562 | 7.89% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,976 | 7.55% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,007 | 8.50% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $2,649 | 7.20% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $2,115 | 7.65% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $2,430 | 7.02% |
| Key West, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,762 | 9.94% |
| Salina, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,227 | 7.05% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $2,064 | 7.97% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,785 | 9.14% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $2,204 | 7.45% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $2,468 | 7.64% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $2,519 | 7.55% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $1,083 | 7.42% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $1,647 | 7.62% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $1,995 | 8.79% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,596 | 7.55% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $2,140 | 7.30% |
| Danville, VA (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $1,897 | 8.43% |
| Warren, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,300 | 9.60% |
| LINCOLN, NE (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $2,244 | 8.00% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,555 | 8.08% |
| JACKSON, MI (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $2,197 | 7.65% |
| Pullman, WA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $2,300 | 7.37% |
| Durango, CO (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $2,066 | 7.42% |
| CHICO, CA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $1,967 | 6.65% |
| Indiana, PA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $2,009 | 6.70% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $3,170 | 7.40% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $2,037 | 6.71% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $2,008 | 8.20% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,404 | 8.24% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,031 | 7.25% |
| Brookings, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,410 | 8.04% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,046 | 7.25% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $1,008 | 9.07% |
| Susanville, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,239 | 7.60% |
| Sonora, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,663 | 7.80% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,887 | 7.55% |
| Jesup, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,439 | 7.60% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $709 | 7.00% |
| Wooster, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,849 | 7.35% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,305 | 9.95% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,007 | 7.20% |
| Kinston, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,317 | 7.35% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,795 | 6.62% |
| TYLER, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,798 | 6.75% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,654 | 7.94% |
| The Dalles, OR (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $2,102 | 7.82% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $1,729 | 7.87% |
| Crescent City, CA (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $1,992 | 7.15% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $2,184 | 6.80% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $1,194 | 7.46% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,461 | 7.80% |
| Athens, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,171 | 8.37% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,218 | 7.30% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,356 | 8.67% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,187 | 7.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,462 | 9.95% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,663 | 8.60% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,309 | 7.30% |
| Marion, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,205 | 8.27% |
| Bedford, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,409 | 7.35% |
| Wilson, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,825 | 8.00% |
| Craig, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,294 | 7.60% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,328 | 10.60% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,340 | 8.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,945 | 7.50% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,343 | 7.30% |
| Concord, NH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,314 | 10.35% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,301 | 7.80% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,729 | 7.60% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,066 | 7.90% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,303 | 7.10% |
| NAPA, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,242 | 8.25% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,032 | 6.65% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,202 | 7.60% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,861 | 8.25% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,312 | 7.60% |
| READING, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,339 | 7.10% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,352 | 7.50% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,392 | 7.30% |
| Shelton, WA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,299 | 7.20% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,436 | 9.90% |
| Torrington, CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,463 | 7.50% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,855 | 7.55% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,170 | 5.95% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,208 | 8.20% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,223 | 9.95% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,321 | 7.55% |
| Sidney, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,190 | 7.65% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,628 | 7.35% |
| Cullman, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,291 | 9.45% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,783 | 7.60% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,195 | 7.85% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,372 | 8.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,614 | 10.05% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,428 | 7.60% |
| DOVER, DE (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,553 | 7.35% |
| DuBois, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,294 | 8.45% |
| Marion, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,455 | 6.55% |
| Salem, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,641 | 6.50% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $944 | 8.25% |
| FLINT, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,196 | 7.15% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,787 | 10.35% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,775 | 7.15% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,190 | 7.25% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,487 | 6.25% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,659 | 7.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,903 | 6.35% |
| Waycross, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,210 | 9.77% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,212 | 8.65% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,698 | 7.00% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,711 | 6.50% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,213 | 10.10% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,201 | 9.90% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,368 | 7.75% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,221 | 6.60% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,566 | 7.35% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,567 | 7.15% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,307 | 10.45% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,211 | 7.55% |
| Montrose, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,740 | 6.90% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,152 | 8.35% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,366 | 7.60% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,192 | 10.65% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,702 | $152,100,000 | $56,292 | $2,555 | 7.71% |
For 2018, Spring Eq's most frequently originated type of loan was Conventional, with 2,702 originations.
Loan Reason
For 2018, Spring Eq's most frequently cited loan purpose was Home Improvement, with 1,220 originations. The 2nd most popular reason was Other, with 1,173 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 2,702 | $152,100,000 | $56,292 | $2,555 | 7.71% |
For 2018, Spring Eq's most frequently cited loan duration was Other, with 2,702 originations.
Origination Fees/Closing Costs
Spring Eq's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,475 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 1,258 | $64,790,000 | $51,502 |
| Over 8% | 708 | $36,680,000 | $51,808 |
| 6-7% | 651 | $41,485,000 | $63,725 |
| 5-6% | 78 | $8,070,000 | $103,462 |
| 4-5% | 7 | $1,075,000 | $153,571 |
During 2018, Spring Eq's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 1,258 originations.
Loan Sizing
2018 saw Spring Eq place emphasis on $100,000 or less loans with 2,408 originations, totaling $109,380,000 in origination value.
Applicant Income
Spring Eq lent most frequently to those with incomes in the $100k-150k range, with 793 originations. The second most popular income band? $75k-100k, with 543 originations.
Applicant Debt to Income Ratio
Spring Eq lent most frequently to those with DTI ratios of 42%, with 599 originations. The next most common DTI ratio? 30-36%, with 486 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications56.76%
Spring Eq has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-32.94%
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 | 2,702 | $152,100,000 | $56,292 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,702 | $152,100,000 | $56,292 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Supreme Lending | Conventional home mortgage | Closing on a mortgage | 3 | 25.0% |
| Supreme Lending | Conventional home mortgage | Trouble during payment process | 1 | 8.3% |
| Supreme Lending | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 16.7% |
| Supreme Lending | FHA mortgage | Closing on a mortgage | 5 | 41.7% |
| Supreme Lending | Other type of mortgage | Trouble during payment process | 1 | 8.3% |