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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.65% | 4/28/24 |
| 30 Year Conventional Refi | 6.42% | 4/28/24 |
| 30 Year Cash-out Refi | 6.92% | 4/28/24 |
| 30 Year FHA Purchase | 7.02% | 4/28/24 |
| 30 Year FHA Refi | 6.57% | 4/28/24 |
| 30 Year VA Purchase | 6.00% | 4/28/24 |
| 30 Year VA Refi | 5.89% | 4/28/24 |
| 30 Year USDA Purchase | 6.82% | 4/28/24 |
| 15 Year Conventional Purchase | 6.07% | 4/28/24 |
| 15 Year Conventional Refi | 5.91% | 4/28/24 |
| 15 Year Cash-out Refi | 5.91% | 4/28/24 |
| 15 Year FHA Refi | 5.68% | 4/28/24 |
| 15 Year VA Refi | 5.68% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,794Origination Dollar Volume (All Markets)
$1,848,920,000Awards
ASPIRE FINANCIAL - 2021
ASPIRE FINANCIAL is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
2021 saw Aspire Financial place emphasis on $200k-400k loans with 3,586 originations, totaling $1,015,610,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications88.80%
Aspire Financial has an average approval rate.
Pick Rate
Approvals leading to origination37.64%
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
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASPIRE FINANCIAL INC. | Conventional home mortgage | Closing on a mortgage | 2 | 100.0% |