Aspire Financial Mortgage Rates, Fees & Info
DALLAS, TXLEI: 549300WN576XI5QFH005
Tax ID: 75-2945170
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Aspire Financial is a small mortgage company specializing in Refi and Cash Out 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 Sherman among others. We have data for 58 markets. (Some data included below & more in-depth data is available with an active subscription.)Aspire Financial has an above 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% | 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
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
5,448Origination Dollar Volume (All Markets)
$1,443,220,000Awards
ASPIRE FINANCIAL - 2020
ASPIRE FINANCIAL is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for ASPIRE FINANCIAL?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 3,769 | $994,695,000 | $263,915 | $5,440 | 3.18% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 897 | $237,525,000 | $264,799 | $5,462 | 3.09% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 314 | $96,690,000 | $307,930 | $5,629 | 2.93% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 75 | $22,155,000 | $295,400 | $5,470 | 3.01% |
| Outside of Metro Areas | 92 | $20,870,000 | $226,848 | $5,478 | 3.27% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 45 | $9,955,000 | $221,222 | $5,032 | 3.47% |
| Athens, TX (FHA|USDA|VA) | 23 | $6,255,000 | $271,957 | $5,514 | 3.15% |
| Granbury, TX (FHA|USDA|VA) | 24 | $5,980,000 | $249,167 | $5,250 | 3.26% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 18 | $4,230,000 | $235,000 | $4,962 | 3.20% |
| WACO, TX (FHA|USDA|VA) | 15 | $4,135,000 | $275,667 | $5,337 | 3.27% |
| MIDLAND, TX (FHA|USDA|VA) | 9 | $3,605,000 | $400,556 | $5,922 | 3.01% |
| Gainesville, TX (FHA|USDA|VA) | 14 | $3,590,000 | $256,429 | $5,339 | 3.24% |
| Stephenville, TX (FHA|USDA|VA) | 13 | $3,005,000 | $231,154 | $4,891 | 3.31% |
| Corsicana, TX (FHA|USDA|VA) | 13 | $2,975,000 | $228,846 | $4,867 | 3.30% |
| Bonham, TX (FHA|USDA|VA) | 11 | $2,695,000 | $245,000 | $5,816 | 3.27% |
| Brenham, TX (FHA|USDA|VA) | 6 | $2,110,000 | $351,667 | $7,003 | 3.19% |
| TYLER, TX (FHA|USDA|VA) | 9 | $2,075,000 | $230,556 | $4,571 | 3.28% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 9 | $1,945,000 | $216,111 | $5,820 | 3.56% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 9 | $1,935,000 | $215,000 | $5,217 | 3.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $5,608 | 3.54% |
| El Campo, TX (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $6,196 | 3.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 7 | $1,025,000 | $146,429 | $5,281 | 3.18% |
| Huntsville, TX (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $4,959 | 3.58% |
| LUBBOCK, TX (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $4,673 | 3.00% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $5,754 | 3.81% |
| LONGVIEW, TX (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $5,492 | 4.35% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $11,845 | 3.31% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $12,342 | 4.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,646 | 2.50% |
| Lufkin, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,474 | 3.06% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,398 | 2.75% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,817 | 3.08% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,807 | 3.38% |
| Paris, TX (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $4,183 | 3.82% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,005 | 2.63% |
| Palestine, TX (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $5,917 | 3.17% |
| Bay City, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,631 | 3.13% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,937 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,442 | 2.50% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,744 | 3.25% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,819 | 3.25% |
| VICTORIA, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,413 | 2.56% |
| Jacksonville, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,813 | 3.81% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,944 | 2.25% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,510 | 2.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,285 | 3.00% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,222 | 2.50% |
| Alice, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,638 | 2.75% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,743 | 3.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,675 | 3.50% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,741 | 2.88% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,387 | 3.63% |
| Snyder, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,527 | 3.38% |
| Pampa, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,830 | 4.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,005 | 2.88% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,955 | 3.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,879 | 3.25% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,284 | 5.38% |
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.
Similarity Rank: 372
Similarity Rank: 657
Similarity Rank: 855
Similarity Rank: 871
Similarity Rank: 932
Similarity Rank: 1170
Similarity Rank: 1480
Similarity Rank: 1792
Similarity Rank: 1824
Similarity Rank: 1836
Product Mix
For 2020, Aspire Financial's most frequently originated type of loan was Conventional, with 5,153 originations. Their 2nd most popular type was FHA, with 163 originations.
Loan Reason
For 2020, Aspire Financial's most frequently cited loan purpose was Refi, with 2,432 originations. The 2nd most popular reason was Cash Out Refi, with 2,361 originations.
Loan Duration/Length
For 2020, Aspire Financial's most frequently cited loan duration was 30 Year, with 3,986 originations. The 2nd most popular length was 15 Year, with 1,039 originations.
Origination Fees/Closing Costs
Aspire Financial's average total fees were $5,522, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,751 originations.
Interest Rates
During 2020, Aspire Financial's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,316 originations.
Loan Sizing
2020 saw Aspire Financial place emphasis on $200k-400k loans with 2,996 originations, totaling $848,700,000 in origination value.
Applicant Income
Aspire Financial lent most frequently to those with incomes in the $100k-150k range, with 1,703 originations. The second most popular income band? $150k-250k, with 1,380 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 2 | $480,000 | $240,000 | $5,508 | 2.63% |
Aspire Financial lent most frequently to those with DTI ratios of 20-30%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.09%
Aspire Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination31.52%
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 | 5,448 | $1,443,220,000 | $264,908 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 5,448 | $1,443,220,000 | $264,908 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1 | $125,000 | $125,000 | $5,159 | 2.75% |
| 60-80% | 1 | $355,000 | $355,000 | $5,856 | 2.50% |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASPIRE FINANCIAL INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |