Lender report card · New Jersey

Spring Eq, Llc

Conshohocken, PA · What the federal mortgage record shows about how Spring Eq, Llc treated New Jersey applicants, 2018–2025 — 521 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
44.9%
234 approved
Denial rate
55.1%
287 denied
Decisions
521
2018–2025
Avg. rate spread
+0.14 pp
vs. market benchmark
44.9% approved
55.1% denied

Share of 521 New Jersey applications Spring Eq, Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional44.9% of 521 · NJ 87%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

0%17%34%51%68%67%46%23%0%14%20202021202220242025

Pricing

Adjusting for its loan-type mix, Spring Eq, Llc’s rates ran -0.08 pp lower than the typical New Jersey lender (average rate spread +0.14 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Spring Eq, Llc approves

By income
Under $50k22.5% · 40$50–75k42.2% · 90$75–100k39.8% · 103$100–150k48.4% · 124$150–250k58.7% · 109$250k+41.5% · 53
By debt-to-income
Under 36%50.6% · 24536–43%53.3% · 10543–50%43.3% · 120Over 50%4.0% · 50
By down payment (LTV)
20%+ down44.9% · 48610–20% down51.9% · 27

Why Spring Eq, Llc denied applications

Incomplete application72% of denialsDebt-to-income ratio11% of denialsCollateral (value/type)7% of denialsCredit history6% of denialsUnverifiable information4% of denialsInsufficient cash to close1% of denials

Where Spring Eq, Llc lends in NJ

CountyDecisionsApproval
Monmouth County5345.3%
Burlington County5052.0%
Middlesex County4850.0%
Ocean County4843.8%
Bergen County3831.6%
Morris County3650.0%
Camden County3339.4%
Essex County2951.7%

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Spring Eq, Llc (LEI 549300PIL8LFAQ04XC20). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →