Aspire Financial Mortgage Rates, Fees & Info

DALLAS, TX

LEI: 549300WN576XI5QFH005

Tax ID: 75-2945170

4.4 stars - out of 5 stars, based on 82 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Aspire Financial is a small mortgage company specializing in Cash Out Refi and Refi loans. Aspire Financial 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.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Houston, Austin, San Antonio, and Tampa among others. We have data for 95 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Aspire Financial has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Aspire Financial is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.54% 10/3/22
    30 Year Conventional Refi 6.25% 10/3/22
    30 Year Cash-out Refi 6.67% 10/3/22
    30 Year FHA Purchase 7.03% 10/3/22
    30 Year FHA Refi 6.65% 10/3/22
    30 Year VA Purchase 6.08% 10/3/22
    30 Year VA Refi 5.84% 10/3/22
    30 Year USDA Purchase 6.85% 10/3/22
    15 Year Conventional Purchase 6.19% 10/3/22
    15 Year Conventional Refi 6.06% 10/3/22
    15 Year Cash-out Refi 6.06% 10/3/22
    15 Year FHA Purchase 6.75% 10/3/22
    15 Year FHA Refi 7.02% 10/3/22
    15 Year VA Refi 6.04% 10/3/22
    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.


    Originations

    6,794

    Origination Dollar Volume (All Markets)

    $1,848,920,000
    Show all (18) awards

    Relative Rate

    Aspire Financial 's average 30 year fixed mortgage rate was 3%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.15%.

    Relative Fees (Closing Costs)

    Aspire Financial 's average total fees/closing costs for a 30 year fixed rate mortgage were $5,802.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top 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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4,035 $1,103,435,000 $273,466 $5,565 2.87%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1,133 $299,415,000 $264,267 $5,559 2.82%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 535 $172,065,000 $321,617 $5,715 2.77%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 285 $73,355,000 $257,386 $5,753 2.87%
    Outside of Metro Areas 165 $39,625,000 $240,152 $6,048 2.94%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 49 $13,555,000 $276,633 $5,274 2.76%
    Athens, TX (FHA|USDA|VA) 33 $10,715,000 $324,697 $5,807 2.81%
    Granbury, TX (FHA|USDA|VA) 46 $10,670,000 $231,957 $5,098 2.85%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 42 $10,410,000 $247,857 $5,336 2.91%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 44 $9,450,000 $214,773 $5,740 3.01%
    WACO, TX (FHA|USDA|VA) 34 $8,500,000 $250,000 $5,970 2.93%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 18 $6,190,000 $343,889 $6,183 2.79%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 19 $6,155,000 $323,947 $5,513 2.76%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 20 $5,600,000 $280,000 $5,515 2.74%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 15 $4,155,000 $277,000 $6,701 2.80%
    Corsicana, TX (FHA|USDA|VA) 18 $4,030,000 $223,889 $5,988 3.06%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 14 $4,020,000 $287,143 $5,179 2.82%
    TYLER, TX (FHA|USDA|VA) 15 $3,635,000 $242,333 $5,534 2.92%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 15 $3,635,000 $242,333 $6,516 2.87%
    LONGVIEW, TX (FHA|USDA|VA) 18 $3,550,000 $197,222 $5,960 2.88%
    Bonham, TX (FHA|USDA|VA) 13 $3,045,000 $234,231 $5,665 2.82%
    Huntsville, TX (FHA|USDA|VA) 10 $2,670,000 $267,000 $5,624 2.81%
    Mineral Wells, TX (FHA|USDA|VA) 11 $2,655,000 $241,364 $5,684 3.01%
    Gainesville, TX (FHA|USDA|VA) 8 $2,350,000 $293,750 $5,452 3.08%
    Jacksonville, TX (FHA|USDA|VA) 8 $2,070,000 $258,750 $5,787 2.84%
    JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,020,000 $252,500 $5,758 2.61%
    MIDLAND, TX (FHA|USDA|VA) 6 $2,000,000 $333,333 $7,639 2.77%
    Brenham, TX (FHA|USDA|VA) 5 $1,855,000 $371,000 $8,604 2.43%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 9 $1,805,000 $200,556 $5,731 2.94%
    Stephenville, TX (FHA|USDA|VA) 8 $1,750,000 $218,750 $6,013 3.05%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $1,630,000 $203,750 $6,358 2.66%
    Kerrville, TX (FHA|USDA|VA) 7 $1,585,000 $226,429 $6,214 2.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $1,515,000 $216,429 $5,383 2.68%
    Paris, TX (FHA|USDA|VA) 9 $1,385,000 $153,889 $4,387 2.90%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,350,000 $337,500 $6,731 2.28%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,320,000 $220,000 $5,170 2.69%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,250,000 $312,500 $7,862 2.72%
    AMARILLO, TX (FHA|USDA|VA) 5 $1,185,000 $237,000 $5,968 2.55%
    Palestine, TX (FHA|USDA|VA) 3 $1,125,000 $375,000 $5,927 2.71%
    ABILENE, TX (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,258 2.56%
    SAN ANGELO, TX (FHA|USDA|VA) 5 $1,055,000 $211,000 $5,482 2.88%
    VICTORIA, TX (FHA|USDA|VA) 5 $995,000 $199,000 $4,678 2.94%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $965,000 $321,667 $4,475 2.50%
    LUBBOCK, TX (FHA|USDA|VA) 5 $845,000 $169,000 $4,876 3.40%
    EL PASO, TX (FHA|USDA|VA) 5 $815,000 $163,000 $5,473 3.15%
    Sulphur Springs, TX (FHA|USDA|VA) 4 $750,000 $187,500 $5,541 3.19%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $725,000 $241,667 $7,005 2.58%
    TEXARKANA, TX-AR (FHA|USDA|VA) 2 $650,000 $325,000 $6,155 2.69%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $635,000 $211,667 $5,351 2.96%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 4 $580,000 $145,000 $4,302 3.25%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $570,000 $285,000 $3,694 2.94%
    Rockport, TX (FHA|USDA|VA) 2 $560,000 $280,000 $6,588 2.88%
    TULSA, OK (FHA|USDA|VA) 1 $545,000 $545,000 $4,949 2.88%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $530,000 $132,500 $3,615 2.97%
    WICHITA FALLS, TX (FHA|USDA|VA) 3 $515,000 $171,667 $5,100 3.21%
    SANTA FE, NM (FHA|USDA|VA) 1 $495,000 $495,000 $4,038 2.88%
    Fredericksburg, TX (FHA|USDA|VA) 2 $460,000 $230,000 $5,067 3.06%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $460,000 $230,000 $3,702 2.56%
    Stillwater, OK (FHA|USDA|VA) 1 $455,000 $455,000 $4,915 2.88%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $440,000 $220,000 $4,246 2.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $430,000 $215,000 $5,073 2.81%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $405,000 $405,000 $3,253 2.88%
    El Campo, TX (FHA|USDA|VA) 2 $400,000 $200,000 $6,925 3.06%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $400,000 $200,000 $3,700 4.00%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $385,000 $385,000 $11,487 2.50%
    Alice, TX (FHA|USDA|VA) 1 $375,000 $375,000 $2,789 2.25%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $6,468 3.13%
    LAREDO, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,399 2.63%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $285,000 $285,000 $12,950 2.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $285,000 $285,000 $11,054 2.63%
    Nacogdoches, TX (FHA|USDA|VA) 2 $260,000 $130,000 $7,777 2.81%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $255,000 $255,000 $4,236 3.13%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $8,085 2.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,856 2.75%
    Taos, NM (FHA|USDA|VA) 1 $225,000 $225,000 $3,538 3.50%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $225,000 $225,000 $3,985 2.50%
    Big Spring, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,865 3.00%
    Andrews, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,631 3.13%
    Bay City, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,216 2.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,410 2.25%
    McMinnville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $6,782 2.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,245 2.25%
    Waycross, GA (FHA|USDA|VA) 1 $175,000 $175,000 $6,781 3.13%
    DALTON, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,702 3.38%
    Lewisburg, TN (FHA|USDA|VA) 1 $155,000 $155,000 $4,945 3.25%
    Clewiston, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,217 2.63%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,959 3.88%
    Pampa, TX (FHA|USDA|VA) 1 $145,000 $145,000 $5,296 2.75%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $135,000 $135,000 $7,129 2.75%
    OCALA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,991 3.00%
    Las Vegas, NM (FHA|USDA|VA) 1 $135,000 $135,000 $4,444 2.88%
    Del Rio, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,523 3.00%
    Uvalde, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.00%
    Port Lavaca, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,976 2.75%
    Ardmore, OK (FHA|USDA|VA) 1 $105,000 $105,000 $4,636 3.38%

    Aspire Financial 's top markets include Dallas, Houston, Austin, San Antonio, and Tampa among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against ASPIRE FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Central Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,263 $1,710,695,000 $273,143 $5,457 2.88%
    VA 264 $74,560,000 $282,424 $5,355 2.46%
    FHA 252 $61,800,000 $245,238 $9,367 2.59%
    FHA 13 $1,435,000 $110,385 $0 2.29%
    USDA 2 $430,000 $215,000 $7,904 3.00%

    For 2021, Aspire Financial 's most frequently originated type of loan was Conventional, with 6,263 originations. Their 2nd most popular type was VA, with 264 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 3,419 $893,025,000 $261,195 $5,882 3.07%
    Refi 2,551 $707,935,000 $277,513 $4,718 2.57%
    Home Purchase 824 $247,960,000 $300,922 $7,243 2.88%

    For 2021, Aspire Financial 's most frequently cited loan purpose was Cash Out Refi, with 3,419 originations. The 2nd most popular reason was Refi, with 2,551 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,512 $1,289,140,000 $285,714 $5,802 3.00%
    15 Year 1,583 $385,995,000 $243,838 $5,177 2.47%
    20 Year 458 $119,460,000 $260,830 $5,374 2.86%
    Other 129 $32,685,000 $253,372 $5,366 2.88%
    10 Year 112 $21,640,000 $193,214 $5,025 2.58%

    For 2021, Aspire Financial 's most frequently cited loan duration was 30 Year, with 4,512 originations. The 2nd most popular length was 15 Year, with 1,583 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,940 $1,122,660,000 $284,939
    $2k-3k 1,312 $315,640,000 $240,579
    $3k-4k 478 $129,160,000 $270,209
    $<1k 394 $89,840,000 $228,020
    $5k+ 228 $84,310,000 $369,781
    $4k-5k 225 $63,765,000 $283,400

    Aspire Financial 's average total fees were $5,802, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,940 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,963 $812,715,000 $274,288
    <2.5% 1,894 $584,730,000 $308,728
    3-4% 1,823 $428,635,000 $235,126
    4-5% 114 $22,840,000 $200,351

    During 2021, Aspire Financial 's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,963 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,586 $1,015,610,000 $283,215 $5,682 2.80%
    $100k-200k 1,901 $296,885,000 $156,173 $4,948 3.02%
    $400k-600k 1,036 $491,050,000 $473,986 $6,623 2.66%
    $100,000 or less 233 $19,495,000 $83,670 $3,659 3.25%
    $600k-1MM 38 $25,880,000 $681,053 $12,467 3.00%

    2021 saw Aspire Financial place emphasis on $200k-400k loans with 3,586 originations, totaling $1,015,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,915 $530,345,000 $276,943 $5,638 2.86%
    $150k-250k 1,628 $559,380,000 $343,600 $5,973 2.73%
    $75k-100k 1,143 $260,615,000 $228,010 $5,488 2.94%
    $50k-75k 1,059 $203,335,000 $192,007 $5,431 3.01%
    $250k+ 497 $197,975,000 $398,340 $6,222 2.67%
    $50k or less 389 $55,215,000 $141,941 $4,886 3.10%

    Aspire Financial lent most frequently to those with incomes in the $100k-150k range, with 1,915 originations. The second most popular income band? $150k-250k, with 1,628 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,529 $420,065,000 $274,732 $5,461 2.78%
    30-36% 1,267 $352,765,000 $278,425 $5,532 2.86%
    <20% 466 $125,860,000 $270,086 $5,167 2.69%
    44% 439 $114,555,000 $260,945 $5,831 3.06%
    43% 290 $78,870,000 $271,966 $5,982 3.03%
    42% 282 $71,090,000 $252,092 $5,583 2.95%
    37% 267 $76,535,000 $286,648 $5,886 2.91%
    39% 262 $71,490,000 $272,863 $5,719 2.94%
    41% 250 $67,060,000 $268,240 $5,675 2.96%
    40% 235 $60,595,000 $257,851 $5,776 2.98%
    38% 225 $60,595,000 $269,311 $5,747 2.94%
    36% 222 $60,730,000 $273,559 $5,314 2.91%
    49% 204 $56,570,000 $277,304 $5,693 2.88%
    47% 146 $39,410,000 $269,932 $5,674 2.90%
    45% 138 $37,980,000 $275,217 $5,725 2.85%
    48% 131 $35,835,000 $273,550 $6,296 2.93%
    46% 109 $31,805,000 $291,789 $6,290 2.94%
    50-60% 105 $27,335,000 $260,333 $8,638 2.59%
    >60% 8 $2,430,000 $303,750 $5,650 2.66%

    Aspire Financial lent most frequently to those with DTI ratios of 20-30%, with 1,529 originations. The next most common DTI ratio? 30-36%, with 1,267 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,978 $1,623,970,000 $271,658 $5,576 2.86%
    Black 441 $113,905,000 $258,288 $5,798 2.93%
    Asian 247 $76,845,000 $311,113 $5,752 2.66%
    Not provided 97 $26,095,000 $269,021 $5,983 2.97%
    American Indian 24 $6,400,000 $266,667 $6,227 2.97%
    Native Hawaiian or Islander 5 $975,000 $195,000 $4,292 2.90%
    Asian Indian 1 $475,000 $475,000 $0 3.88%
    Other Asian 1 $255,000 $255,000 $4,865 3.25%

    Approval Rates

    Total approvals of all applications
    88.80%

    Aspire Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    37.64%

    Aspire Financial 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 6,794 $1,848,920,000 $272,140

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,794 $1,848,920,000 $272,140

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 447 $84,975,000 $190,101 $4,943 2.79%
    40-60% 1,706 $410,170,000 $240,428 $5,113 2.78%
    60-80% 3,290 $955,440,000 $290,407 $5,626 2.92%
    80-100% 1,237 $368,095,000 $297,571 $6,242 2.83%
    Over 100% 25 $9,185,000 $367,400 $16,109 2.50%
    Under 20% 26 $4,270,000 $164,231 $4,328 3.03%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ASPIRE FINANCIAL INC. Conventional home mortgage Closing on a mortgage 2 100.0%