Aspire Financial Mortgage Rates, Fees & Info

DALLAS, TX

LEI: 549300WN576XI5QFH005

Tax ID: 75-2945170

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Mortgage Data

Review & Overview

Aspire Financial is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Aspire Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. 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, Granbury, and Sherman among others. We have data for 46 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 6.65% 3/24/24
30 Year Conventional Refi 6.42% 3/24/24
30 Year Cash-out Refi 6.92% 3/24/24
30 Year FHA Purchase 7.02% 3/24/24
30 Year FHA Refi 6.57% 3/24/24
30 Year VA Purchase 6.00% 3/24/24
30 Year VA Refi 5.89% 3/24/24
30 Year USDA Purchase 6.82% 3/24/24
15 Year Conventional Purchase 6.07% 3/24/24
15 Year Conventional Refi 5.91% 3/24/24
15 Year Cash-out Refi 5.91% 3/24/24
15 Year FHA Refi 5.68% 3/24/24
15 Year VA Refi 5.68% 3/24/24
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.

Aspire Financial Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Aspire Financial. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,575

Origination Dollar Volume (All Markets)

$579,235,000

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) 2,127 $485,595,000 $228,300 $5,679 4.55%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 173 $34,585,000 $199,913 $5,807 4.62%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 45 $11,485,000 $255,222 $6,342 4.39%
Outside of Metro Areas 41 $8,675,000 $211,585 $5,421 4.39%
Granbury, TX (FHA|USDA|VA) 24 $4,410,000 $183,750 $5,331 4.60%
SHERMAN-DENISON, TX (FHA|USDA|VA) 18 $3,770,000 $209,444 $5,943 5.08%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 16 $3,620,000 $226,250 $6,025 4.76%
Gainesville, TX (FHA|USDA|VA) 15 $3,095,000 $206,333 $5,925 4.49%
Athens, TX (FHA|USDA|VA) 18 $2,750,000 $152,778 $4,576 4.68%
WACO, TX (FHA|USDA|VA) 12 $2,300,000 $191,667 $5,478 5.04%
Bonham, TX (FHA|USDA|VA) 8 $1,940,000 $242,500 $6,322 4.28%
TYLER, TX (FHA|USDA|VA) 6 $1,890,000 $315,000 $8,930 4.86%
SAN ANGELO, TX (FHA|USDA|VA) 5 $1,295,000 $259,000 $4,538 4.41%
Corsicana, TX (FHA|USDA|VA) 5 $1,125,000 $225,000 $5,230 4.40%
MIDLAND, TX (FHA|USDA|VA) 5 $1,115,000 $223,000 $8,128 4.40%
Stephenville, TX (FHA|USDA|VA) 5 $1,055,000 $211,000 $6,849 4.68%
Sulphur Springs, TX (FHA|USDA|VA) 3 $875,000 $291,667 $7,836 4.08%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $870,000 $217,500 $4,564 4.41%
ABILENE, TX (FHA|USDA|VA) 4 $790,000 $197,500 $5,782 5.04%
Mineral Wells, TX (FHA|USDA|VA) 3 $705,000 $235,000 $9,081 4.38%
WICHITA FALLS, TX (FHA|USDA|VA) 4 $680,000 $170,000 $6,136 4.16%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $560,000 $280,000 $4,504 4.94%
LAREDO, TX (FHA|USDA|VA) 2 $490,000 $245,000 $4,808 3.44%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $485,000 $161,667 $6,563 4.75%
Jacksonville, TX (FHA|USDA|VA) 1 $485,000 $485,000 $5,213 4.13%
El Campo, TX (FHA|USDA|VA) 2 $470,000 $235,000 $3,416 4.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $450,000 $225,000 $4,838 4.31%
EL PASO, TX (FHA|USDA|VA) 1 $415,000 $415,000 $7,041 3.50%
Paris, TX (FHA|USDA|VA) 2 $360,000 $180,000 $8,345 4.81%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $325,000 $108,333 $4,460 4.29%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $325,000 $325,000 $13,661 4.00%
ODESSA, TX (FHA|USDA|VA) 1 $305,000 $305,000 $12,505 4.63%
GAINESVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,464 3.88%
Port Lavaca, TX (FHA|USDA|VA) 1 $225,000 $225,000 $8,369 4.75%
LONGVIEW, TX (FHA|USDA|VA) 1 $185,000 $185,000 $2,937 4.00%
Kerrville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,745 4.25%
Mount Pleasant, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,611 3.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $145,000 $145,000 $3,529 4.75%
Huntsville, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,206 8.40%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $125,000 $125,000 $6,867 4.75%
Borger, TX (FHA|USDA|VA) 1 $125,000 $125,000 $1,896 4.88%
Brenham, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,245 5.88%
AMARILLO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $2,828 5.25%
Brownwood, TX (FHA|USDA|VA) 1 $95,000 $95,000 $1,466 5.00%
Palestine, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,784 4.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $75,000 $75,000 $3,730 4.50%
Aspire Financial's top markets include Dallas, Houston, Austin, Granbury, and Sherman among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,218 $494,240,000 $222,831 $5,358 4.63%
    FHA 278 $63,580,000 $228,705 $8,263 4.15%
    VA 60 $19,620,000 $327,000 $6,682 3.78%
    FHA 14 $1,100,000 $78,571 $0 4.40%
    USDA 5 $695,000 $139,000 $4,815 4.50%

    For 2019, Aspire Financial's most frequently originated type of loan was Conventional, with 2,218 originations. Their 2nd most popular type was FHA, with 278 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,492 $303,640,000 $203,512 $5,516 4.94%
    Refi 553 $139,635,000 $252,505 $5,168 3.74%
    Home Purchase 530 $135,960,000 $256,528 $6,779 4.32%

    For 2019, Aspire Financial's most frequently cited loan purpose was Cash Out Refi, with 1,492 originations. The 2nd most popular reason was Refi, with 553 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,895 $450,185,000 $237,565 $5,906 4.71%
    15 Year 427 $79,475,000 $186,124 $5,032 4.03%
    20 Year 179 $37,815,000 $211,257 $5,386 4.37%
    Other 47 $8,145,000 $173,298 $5,241 4.32%
    10 Year 27 $3,615,000 $133,889 $4,750 4.08%

    For 2019, Aspire Financial's most frequently cited loan duration was 30 Year, with 1,895 originations. The 2nd most popular length was 15 Year, with 427 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,152 $256,980,000 $223,073
    $2k-3k 670 $146,050,000 $217,985
    $<1k 287 $64,415,000 $224,443
    $3k-4k 256 $57,500,000 $224,609
    $4k-5k 114 $29,200,000 $256,140
    $5k+ 82 $23,990,000 $292,561

    Aspire Financial's average total fees were $5,906, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,152 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,200 $255,430,000 $212,858
    3-4% 817 $221,445,000 $271,047
    5-6% 425 $76,245,000 $179,400
    Over 8% 72 $10,410,000 $144,583
    2.5-3% 32 $9,700,000 $303,125
    7-8% 22 $4,360,000 $198,182
    6-7% 7 $1,645,000 $235,000

    During 2019, Aspire Financial's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 1,200 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,124 $311,210,000 $276,877 $6,376 4.26%
    $100k-200k 1,043 $157,695,000 $151,194 $5,087 4.95%
    $100,000 or less 202 $16,880,000 $83,564 $3,800 4.63%
    $400k-600k 200 $89,230,000 $446,150 $6,874 4.05%
    $600k-1MM 6 $4,220,000 $703,333 $8,455 5.14%

    2019 saw Aspire Financial place emphasis on $200k-400k loans with 1,124 originations, totaling $311,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 733 $182,505,000 $248,984 $6,036 4.48%
    $50k-75k 569 $90,465,000 $158,989 $5,167 4.86%
    $75k-100k 498 $100,950,000 $202,711 $5,781 4.58%
    $150k-250k 455 $138,715,000 $304,868 $6,229 4.22%
    $50k or less 225 $31,095,000 $138,200 $4,345 4.85%
    $250k+ 95 $35,505,000 $373,737 $6,470 4.13%

    Aspire Financial lent most frequently to those with incomes in the $100k-150k range, with 733 originations. The second most popular income band? $50k-75k, with 569 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 472 $105,570,000 $223,665 $5,404 4.32%
    30-36% 452 $99,300,000 $219,690 $5,545 4.55%
    44% 201 $45,015,000 $223,955 $5,624 4.75%
    43% 143 $31,405,000 $219,615 $5,883 4.54%
    42% 132 $29,180,000 $221,061 $5,688 4.78%
    49% 121 $30,425,000 $251,446 $6,472 5.02%
    <20% 118 $27,610,000 $233,983 $4,831 4.17%
    41% 105 $24,155,000 $230,048 $5,828 4.57%
    40% 101 $23,115,000 $228,861 $5,856 4.56%
    39% 100 $21,050,000 $210,500 $5,503 4.83%
    37% 100 $22,960,000 $229,600 $5,823 4.62%
    38% 95 $20,385,000 $214,579 $5,271 4.66%
    48% 85 $19,435,000 $228,647 $6,026 4.61%
    36% 80 $19,630,000 $245,375 $5,815 4.41%
    50-60% 79 $17,105,000 $216,519 $7,086 4.29%
    45% 65 $16,685,000 $256,692 $6,491 4.65%
    46% 59 $14,285,000 $242,119 $6,579 4.65%
    47% 50 $10,240,000 $204,800 $5,486 4.77%
    >60% 1 $195,000 $195,000 $6,077 3.75%

    Aspire Financial lent most frequently to those with DTI ratios of 20-30%, with 472 originations. The next most common DTI ratio? 30-36%, with 452 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,303 $521,175,000 $226,303 $5,671 4.54%
    Black 200 $41,070,000 $205,350 $6,070 4.82%
    Asian 47 $11,385,000 $242,234 $5,619 4.45%
    Not provided 14 $3,280,000 $234,286 $5,795 4.16%
    American Indian 10 $2,140,000 $214,000 $6,217 4.28%
    Native Hawaiian or Islander 1 $185,000 $185,000 $4,922 5.25%

    Approval Rates

    Total approvals of all applications
    89.71%

    Aspire Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    33.05%

    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 2,575 $579,235,000 $224,946

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $620,000 $155,000
    Single Family (1-4 Units):Site-Built 2,571 $578,615,000 $225,054

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 107 $14,105,000 $131,822 $4,378 4.43%
    40-60% 401 $67,585,000 $168,541 $4,870 4.43%
    60-80% 1,260 $290,780,000 $230,778 $5,606 4.78%
    80-100% 776 $201,260,000 $259,356 $6,391 4.29%
    Over 100% 11 $3,685,000 $335,000 $12,526 3.91%
    Under 20% 4 $330,000 $82,500 $3,694 4.56%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ASPIRE FINANCIAL INC. Conventional home mortgage Improper use of your report 1 50.0%
    ASPIRE FINANCIAL INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 50.0%