Spring EQ LLC Ratings & Reviews

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Spring EQ LLC

(3.7 of 5) 39 Reviews

69% of our customers would recommend this lender.

About Spring EQ LLC

Spring EQ is changing the way you access the equity in your home. No more long, drawn-out paperwork and you'll get a decision in minutes. We'll do most of the work so you can get your money within 15 days!

Customer Reviews

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39 Reviews

(3.7 of 5)
Review Breakdown
  • Lender Review
    from West Palm Beach, FL Confirmed LendingTree Customer
    (5 of 5)
    Recommended!
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    Closed loan with this lender
    Date of Service:
    August 22, 2017

    Exceptional Service

    A totally pleasant and professional experience -- from initial contact to loan officer to customer care representative I dealt with professionals who know their subject area well. They moved me through the loan process smoothly, efficiently and effectively. I would recommend them highly as an exceptional premier lender.

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  • Lender Review
    from Raleigh, NC Confirmed LendingTree Customer
    (5 of 5)
    Recommended!
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    Closed loan with this lender
    Date of Service:
    August 28, 2017
    Loan Closed On:
    September 26, 2017

    Great Service

    Very professional, timely, and personable. I would work with them again ... anytime.

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  • Lender Review
    from Irvine, CA Confirmed LendingTree Customer
    (5 of 5)
    Recommended!
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    Closed loan with this lender
    Date of Service:
    August 19, 2017

    Great service

    One of most important reason why we chose this company is their loan officer. Ross Gibbs is very patient, pleasant and took time to explain the process over the phone. Before starting the application for the home equity loan make sure you have enough equity, good income to debt ratio and a passing credit score so as to qualify and not waste time.

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  • Lender Review
    from Sacramento, CA Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    August 15, 2017

    DISAPPEARED AFTER A DRIVE-BY APPRAISAL IS PAID

    DO NOT USE!!! They will make promises and disappear. Worked on a HELOC with Arnold Davenport. He assured me that as long as my property would appraise at a certain amount, we would get everything done. As soon as I paid for the drive-by appraisal, Arnold stopped picking up the phone and responded to my emails maybe once every 2 weeks. The house appraised at the required amount, took me another week to get an answer on that as well. After some time of not answers from Arnold, he finally tells me that credit score is not high enough to close. Why not tell that before ordering an appraisal? He ran the credit check before we agreed to proceed. Anyway, poor communication, will get you to spend money on drive-by appraisal and not do anything els... Read More

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  • Lender Review
    from Monroe, NC
    (5 of 5)
    Recommended!
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    Closed loan with this lender

    Great Company

    Had a awesome experience, we were able to close the loan with in 15 days...High recommended.

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  • Lender Review
    from Cary, NC
    (5 of 5)
    Recommended!
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    Closed loan with this lender

    Efficient and professional service

    Both loan officer and customer advocate with Spring EQ are excellent. They provide efficient, professional and prompt service. It took less than 15 working days from loan application to closing. I would highly recommend Spring EQ to anyone looking for a home equity loan.

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  • Lender Review
    from Wynnewood, PA Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    July 25, 2017

    "there's a loan there" but not for us....

    discussed situation with rep and kept feeling "assured" there was a loan there. of course, we paid the appraisal fee only to find our house appraised for under $110K of what zillow has. it even appraised lower than what it did when we bought it almost 5 years ago!! so NO- there wasn't a loan there. and we lost out on money only to be told the only way to try further was to upgrade the appraisal and pay more. NO WAY!! We realized fast that we should have trusted a real bank with more solid offers to not have such fees and up front costs as Spring EQ. not a good experience. oh, and we obtained a line of credit elsewhere after all that! ug... Read More

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  • Lender Review
    from Delray Beach, FL Confirmed LendingTree Customer
    (5 of 5)
    Recommended!
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    Closed loan with this lender
    Date of Service:
    June 5, 2017

    Spring EQ loan

    When considering a loan, it is crucial that the company, especially, the individual(s) handling the application, possess the knowledge to execute it all well and have the expertise to overcome unforeseen hurdles that might pop-up along the way. Spring EQ agent, Martin Dowdell, and the underwriters team carried out the whole process from the initial application to closing with utmost professionalism. Based on this experience, I surely recommend Spring EQ... Read More

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  • Lender Review
    from Aurora, CO Confirmed LendingTree Customer
    (5 of 5)
    Recommended!
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    Closed loan with this lender
    Date of Service:
    July 17, 2017

    Home Equity Loan.

    Prompt, courteous and personable staff, the end to end process was very easy. Even after closing and the money was to be wired to my bank, the Senior Mortgage Loan Originator assisted in completing the transaction. Also, Spring EQ is one of the few companies that offer a home equity loan; most only offer either HELOC or a cash out re-fi.

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  • Lender Review
    from Brea, CA Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    I'm currently working with this lender
    Date of Service:
    July 26, 2017

    Furious in California

    DO NOT USE THIS COMPANY!! RUN!! I went through the whole process and was diligent to produce all that was asked. I paid the $185 for the drive by appraisal only to be declined. They over promise and under deliver. They assured me I was good with my self employement income thus causing me to have them charge my credit card for the ridiculous drive by appraisal. Only to then let me know the income wasn't going to work. Do yourself a favor and save $185 dollars by reading the reviews and don't use this company. Hold on to your money and run from Spring EQ .......Furious in California!... Read More

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Spring EQ is changing the way you access the equity in your home. No more long, drawn-out paperwork and you'll get a decision in minutes. We'll do most of the work so you can get your money within 15 days!