Aspire Financial Inc Mortgage Lending & HMDA Data, 2014
In 2014, Aspire Financial Inc of Dallas, TX reported 6,065 mortgage applications totaling $964.2 million, down 25% from 2013. The average application was for $158,972, and applicants reported an average income of $80,218. 57% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Dallas-Plano-Irving, TX (1,598), Fort Worth-Arlington, TX (885) and Houston-The Woodlands-Sugar Land, TX (608) (applications in parentheses).
| Mortgage Company & Address | Aspire Financial Inc 4100 Alpha Rd #112 Dallas, TX 75244 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 6,065 |
| Total Mortgage Loan Application Amount | $964,169,000 |
| Average Mortgage Loan Application Amount | $158,972 |
| Highest Mortgage Loan Application Amount | $1,062,000 |
| Average Applicant Income | $80,218 |
| Highest Applicant Income | $638,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Aspire Financial Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dallas-Plano-Irving, TX | 1,598 | $ 277,820,000 | $ 173,854 | $ 89,000 |
| Fort Worth-Arlington, TX | 885 | $ 136,377,000 | $ 154,098 | $ 87,000 |
| Houston-The Woodlands-Sugar Land, TX | 608 | $ 125,721,000 | $ 206,777 | $ 112,000 |
| Muskegon, MI | 397 | $ 43,046,000 | $ 108,428 | $ 50,000 |
| San Antonio-New Braunfels, TX | 337 | $ 55,795,000 | $ 165,563 | $ 71,000 |
| Grand Rapids-Wyoming, MI | 261 | $ 37,556,000 | $ 143,892 | $ 65,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 176 | $ 30,495,000 | $ 173,267 | $ 67,000 |
| Shreveport-Bossier City, LA | 116 | $ 18,832,000 | $ 162,344 | $ 62,000 |
| Austin-Round Rock, TX | 80 | $ 15,134,000 | $ 189,175 | $ 89,000 |
| Columbia, SC | 72 | $ 9,019,000 | $ 125,263 | $ 47,000 |
| Indianapolis-Carmel-Anderson, IN | 72 | $ 8,383,000 | $ 116,430 | $ 46,000 |
| Warren-Troy-Farmington Hills, MI | 71 | $ 11,223,000 | $ 158,070 | $ 55,000 |
| Cape Coral-Fort Myers, FL | 61 | $ 9,357,000 | $ 153,393 | $ 85,000 |
| Detroit-Dearborn-Livonia, MI | 45 | $ 4,441,000 | $ 98,688 | $ 41,000 |
| Victoria, TX | 29 | $ 4,646,000 | $ 160,206 | $ 79,000 |
| College Station-Bryan, TX | 21 | $ 2,737,000 | $ 130,333 | $ 94,000 |
| Sherman-Denison, TX | 21 | $ 2,807,000 | $ 133,666 | $ 94,000 |
| Beaumont-Port Arthur, TX | 20 | $ 2,374,000 | $ 118,700 | $ 64,000 |
| Corpus Christi, TX | 19 | $ 2,238,000 | $ 117,789 | $ 61,000 |
| Midland, TX | 17 | $ 3,381,000 | $ 198,882 | $ 99,000 |
| Waco, TX | 17 | $ 2,375,000 | $ 139,705 | $ 111,000 |
| El Paso, TX | 14 | $ 1,533,000 | $ 109,500 | $ 57,000 |
| Cape Girardeau, MO-IL | 12 | $ 1,648,000 | $ 137,333 | $ 54,000 |
| McAllen-Edinburg-Mission, TX | 12 | $ 1,200,000 | $ 100,000 | $ 48,000 |
| Seattle-Bellevue-Everett, WA | 12 | $ 2,746,000 | $ 228,833 | $ 93,000 |
| Odessa, TX | 11 | $ 1,432,000 | $ 130,181 | $ 62,000 |
| Tyler, TX | 11 | $ 1,737,000 | $ 157,909 | $ 81,000 |
| Lubbock, TX | 10 | $ 780,000 | $ 78,000 | $ 80,000 |
| Killeen-Temple, TX | 9 | $ 1,311,000 | $ 145,666 | $ 86,000 |
| Longview, TX | 9 | $ 1,154,000 | $ 128,222 | $ 80,000 |
| San Angelo, TX | 9 | $ 1,205,000 | $ 133,888 | $ 82,000 |
| Brownsville-Harlingen, TX | 8 | $ 680,000 | $ 85,000 | $ 55,000 |
| Colorado Springs, CO | 8 | $ 1,811,000 | $ 226,375 | $ 102,000 |
| Amarillo, TX | 7 | $ 1,008,000 | $ 144,000 | $ 60,000 |
| Laredo, TX | 7 | $ 955,000 | $ 136,428 | $ 52,000 |
| Tacoma-Lakewood, WA | 6 | $ 1,229,000 | $ 204,833 | $ 80,000 |
| Abilene, TX | 5 | $ 525,000 | $ 105,000 | $ 78,000 |
| Denver-Aurora-Lakewood, CO | 5 | $ 1,697,000 | $ 339,400 | $ 125,000 |
| Texarkana, TX-AR | 5 | $ 607,000 | $ 121,400 | $ 48,600 |
| Ann Arbor, MI | 4 | $ 433,000 | $ 108,250 | $ 194,000 |
| Lansing-East Lansing, MI | 4 | $ 690,000 | $ 172,500 | $ 71,000 |
| Baton Rouge, LA | 3 | $ 467,000 | $ 155,666 | $ 92,000 |
| Punta Gorda, FL | 3 | $ 327,000 | $ 109,000 | $ 71,000 |
| Wichita Falls, TX | 3 | $ 437,000 | $ 145,666 | $ 115,000 |
| Clarksville, TN-KY | 2 | $ 295,000 | $ 147,500 | $ 51,000 |
| Lake Charles, LA | 2 | $ 658,000 | $ 329,000 | $ 155,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 442,000 | $ 221,000 | $ 76,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 421,000 | $ 210,500 | $ 170,000 |
| Oklahoma City, OK | 2 | $ 282,000 | $ 141,000 | $ 96,000 |
| St. Louis, MO-IL | 2 | $ 185,000 | $ 92,500 | $ 100,000 |
| Sumter, SC | 2 | $ 236,000 | $ 118,000 | $ 50,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 302,000 | $ 151,000 | $ 126,000 |
| Tulsa, OK | 2 | $ 283,000 | $ 141,500 | $ 61,000 |
| Bakersfield, CA | 1 | $ 210,000 | $ 210,000 | $ 135,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 137,000 | $ 137,000 | $ 38,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 692,000 | $ 692,000 | $ 260,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 120,000 | $ 120,000 | $ 44,000 |
| Florence, SC | 1 | $ 130,000 | $ 130,000 | $ 34,000 |
| Fort Collins, CO | 1 | $ 245,000 | $ 245,000 | $ 82,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 228,000 | $ 228,000 | $ 94,000 |
| Knoxville, TN | 1 | $ 384,000 | $ 384,000 | $ 110,000 |
| Kokomo, IN | 1 | $ 204,000 | $ 204,000 | $ 190,000 |
| Lafayette-West Lafayette, IN | 1 | $ 229,000 | $ 229,000 | $ 111,000 |
| Lakeland-Winter Haven, FL | 1 | $ 405,000 | $ 405,000 | $ 160,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 150,000 | $ 150,000 | $ 85,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 125,000 | $ 125,000 | $ 55,000 |
| Ocala, FL | 1 | $ 60,000 | $ 60,000 | $ 32,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 108,000 | $ 108,000 | $ 73,000 |
| Port St. Lucie, FL | 1 | $ 90,000 | $ 90,000 | $ 111,000 |
| Spartanburg, SC | 1 | $ 130,000 | $ 130,000 | $ 48,000 |
| Stockton-Lodi, CA | 1 | $ 417,000 | $ 417,000 | $ 405,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 80,000 | $ 80,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for Aspire Financial Inc in 2014
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 3,841 | $630,987,000 | $164,000 | $1,062,000 | $78,000 | $633,000 |
| Refinancing | 2,213 | $331,373,000 | $149,000 | $980,000 | $84,000 | $638,000 |
| Home Improvement | 11 | $1,809,000 | $164,000 | $417,000 | $94,000 | $220,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 4,320 | $695,921,000 | $161,000 | $1,062,000 | $84,000 | $638,000 |
| Hispanic | 706 | $106,747,000 | $151,000 | $524,000 | $70,000 | $638,000 |
| Black or African American | 485 | $75,241,000 | $155,000 | $417,000 | $70,000 | $321,000 |
| Not Provided | 347 | $48,615,000 | $140,000 | $700,000 | $67,000 | $535,000 |
| Asian | 156 | $29,396,000 | $188,000 | $772,000 | $89,000 | $500,000 |
| Native Hawaiian or Other Pacific Islander | 29 | $5,274,000 | $181,000 | $700,000 | $87,000 | $243,000 |
| American Indian or Alaskan Native | 22 | $2,975,000 | $135,000 | $369,000 | $63,000 | $135,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,171 | $549,334,000 | $173,000 | $1,062,000 | $98,000 | $638,000 |
| FHA-insured (Federal Housing Administration) | 2,275 | $311,332,000 | $136,000 | $362,000 | $60,000 | $564,000 |
| VA-guaranteed (Veterans Administration) | 364 | $71,562,000 | $196,000 | $524,000 | $78,000 | $250,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 255 | $31,941,000 | $125,000 | $332,000 | $45,000 | $102,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 3,465 | $559,312,000 | $161,000 | $1,013,000 | $81,000 | $638,000 |
| Application Withdrawn By Applicant | 1,018 | $168,622,000 | $165,000 | $1,062,000 | $91,000 | $638,000 |
| Application Denied By Financial Institution | 915 | $139,063,000 | $151,000 | $936,000 | $74,000 | $500,000 |
| Preapproval Denied by Financial Institution | 295 | $38,295,000 | $129,000 | $595,000 | $54,000 | $159,000 |
| Preapproval Approved but not Accepted | 277 | $44,347,000 | $160,000 | $417,000 | $76,000 | $360,000 |
| File Closed For Incompleteness | 54 | $8,182,000 | $151,000 | $405,000 | $67,000 | $180,000 |
| Application Approved But Not Accepted | 41 | $6,348,000 | $154,000 | $364,000 | $81,000 | $244,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 472 | $62,106,000 | $131,000 | $700,000 | $66,000 | $500,000 |
| Collateral | 192 | $31,178,000 | $162,000 | $700,000 | $78,000 | $499,000 |
| Debt-To-Income Ratio | 173 | $25,516,000 | $147,000 | $560,000 | $60,000 | $295,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 166 | $25,038,000 | $150,000 | $936,000 | $57,000 | $397,000 |
| Other | 66 | $9,145,000 | $138,000 | $417,000 | $67,000 | $229,000 |
| Unverifiable Information | 53 | $9,699,000 | $183,000 | $636,000 | $107,000 | $480,000 |
| Credit Application Incomplete | 46 | $7,411,000 | $161,000 | $692,000 | $84,000 | $260,000 |
| Employment History | 20 | $3,459,000 | $172,000 | $302,000 | $85,000 | $399,000 |
| Mortgage Insurance Denied | 2 | $406,000 | $203,000 | $266,000 | $65,000 | $80,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Aspire Financial Inc's 2014 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Aspire Financial Inc's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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