Aspire Financial Mortgage Rates, Fees & Info
DALLAS, TXLEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.65% | 12/16/24 |
| 30 Year Conventional Refi | 6.42% | 12/16/24 |
| 30 Year Cash-out Refi | 6.92% | 12/16/24 |
| 30 Year FHA Purchase | 7.02% | 12/16/24 |
| 30 Year FHA Refi | 6.57% | 12/16/24 |
| 30 Year VA Purchase | 6.00% | 12/16/24 |
| 30 Year VA Refi | 5.89% | 12/16/24 |
| 30 Year USDA Purchase | 6.82% | 12/16/24 |
| 15 Year Conventional Purchase | 6.07% | 12/16/24 |
| 15 Year Conventional Refi | 5.91% | 12/16/24 |
| 15 Year Cash-out Refi | 5.91% | 12/16/24 |
| 15 Year FHA Refi | 5.68% | 12/16/24 |
| 15 Year VA Refi | 5.68% | 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. | ||
Aspire Financial Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,575Origination Dollar Volume (All Markets)
$579,235,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
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
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
2019 saw Aspire Financial place emphasis on $200k-400k loans with 1,124 originations, totaling $311,210,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications89.71%
Aspire Financial has an average approval rate.
Pick Rate
Approvals leading to origination33.05%
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
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% |