Aspire Financial Inc Mortgage Lending & HMDA Data, 2010
In 2010, Aspire Financial Inc of Dallas, TX reported 5,613 mortgage applications totaling $940.6 million, down 1% from 2009. The average application was for $167,572, and applicants reported an average income of $95,323. 59% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Dallas-Plano-Irving, TX (2,154), Fort Worth-Arlington, TX (1,217) and Houston-Sugar Land-Baytown, TX (511) (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 | 5,613 |
| Total Mortgage Loan Application Amount | $940,582,000 |
| Average Mortgage Loan Application Amount | $167,572 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $95,323 |
| Highest Applicant Income | $2,000,000 |
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Act (HMDA) records Aspire Financial Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,154 | $ 384,465,000 | $ 178,488 | $ 102,000 |
| Fort Worth-Arlington, TX | 1,217 | $ 195,004,000 | $ 160,233 | $ 94,000 |
| Houston-Sugar Land-Baytown, TX | 511 | $ 91,296,000 | $ 178,661 | $ 107,000 |
| Austin-Round Rock-San Marcos, TX | 174 | $ 35,491,000 | $ 203,971 | $ 103,000 |
| San Antonio-New Braunfels, TX | 78 | $ 12,779,000 | $ 163,833 | $ 77,000 |
| Kansas City, MO-KS | 43 | $ 8,188,000 | $ 190,418 | $ 85,000 |
| Killeen-Temple-Fort Hood, TX | 28 | $ 3,960,000 | $ 141,428 | $ 86,000 |
| Sherman-Denison, TX | 25 | $ 4,376,000 | $ 175,040 | $ 92,000 |
| Corpus Christi, TX | 18 | $ 2,392,000 | $ 132,888 | $ 85,000 |
| Waco, TX | 18 | $ 2,906,000 | $ 161,444 | $ 79,000 |
| Tyler, TX | 17 | $ 2,587,000 | $ 152,176 | $ 104,000 |
| College Station-Bryan, TX | 16 | $ 2,232,000 | $ 139,500 | $ 79,000 |
| Longview, TX | 15 | $ 2,074,000 | $ 138,266 | $ 71,000 |
| El Paso, TX | 14 | $ 1,580,000 | $ 112,857 | $ 102,000 |
| McAllen-Edinburg-Mission, TX | 12 | $ 1,582,000 | $ 131,833 | $ 69,000 |
| Beaumont-Port Arthur, TX | 11 | $ 1,642,000 | $ 149,272 | $ 96,000 |
| Abilene, TX | 10 | $ 1,143,000 | $ 114,300 | $ 105,000 |
| Wichita, KS | 8 | $ 1,350,000 | $ 168,750 | $ 80,000 |
| Victoria, TX | 7 | $ 1,073,000 | $ 153,285 | $ 70,000 |
| Wichita Falls, TX | 7 | $ 845,000 | $ 120,714 | $ 125,000 |
| Lubbock, TX | 6 | $ 784,000 | $ 130,666 | $ 58,000 |
| San Angelo, TX | 6 | $ 943,000 | $ 157,166 | $ 64,000 |
| Amarillo, TX | 5 | $ 848,000 | $ 169,600 | $ 450,000 |
| Brownsville-Harlingen, TX | 5 | $ 566,000 | $ 113,200 | $ 70,000 |
| Midland, TX | 5 | $ 796,000 | $ 159,200 | $ 101,000 |
| Oklahoma City, OK | 5 | $ 892,000 | $ 178,400 | $ 67,000 |
| Laredo, TX | 4 | $ 456,000 | $ 114,000 | $ 57,000 |
| Odessa, TX | 4 | $ 547,000 | $ 136,750 | $ 165,000 |
| St. Louis, MO-IL | 3 | $ 469,000 | $ 156,333 | $ 103,000 |
| Topeka, KS | 3 | $ 518,000 | $ 172,666 | $ 71,000 |
| Springfield, MO | 2 | $ 220,000 | $ 110,000 | $ 51,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 326,000 | $ 163,000 | $ 99,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 132,000 | $ 132,000 | $ 40,000 |
| Flint, MI | 1 | $ 120,000 | $ 120,000 | $ 250,000 |
| Joplin, MO | 1 | $ 157,000 | $ 157,000 | $ 63,000 |
| Lawrence, KS | 1 | $ 164,000 | $ 164,000 | $ 76,000 |
| Manhattan, KS | 1 | $ 165,000 | $ 165,000 | $ 73,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 417,000 | $ 417,000 | $ 110,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 65,000 | $ 65,000 | $ 21,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 152,000 | $ 152,000 | $ 90,000 |
| Tulsa, OK | 1 | $ 173,000 | $ 173,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Aspire Financial Inc in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 4,163 | $725,343,000 | $174,000 | $1,500,000 | $101,000 | $2,000,000 |
| Home Purchase | 1,446 | $214,615,000 | $148,000 | $900,000 | $79,000 | $840,000 |
| Home Improvement | 4 | $624,000 | $156,000 | $294,000 | $89,000 | $180,000 |
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 | 4,331 | $740,753,000 | $171,000 | $975,000 | $99,000 | $2,000,000 |
| Not Provided | 540 | $92,725,000 | $171,000 | $648,000 | $98,000 | $795,000 |
| Hispanic | 386 | $54,094,000 | $140,000 | $694,000 | $71,000 | $360,000 |
| Black or African American | 221 | $31,716,000 | $143,000 | $417,000 | $70,000 | $222,000 |
| Asian | 92 | $15,452,000 | $167,000 | $1,500,000 | $90,000 | $749,000 |
| American Indian or Alaskan Native | 30 | $4,063,000 | $135,000 | $263,000 | $75,000 | $137,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $1,779,000 | $136,000 | $258,000 | $86,000 | $308,000 |
| 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) | 3,615 | $642,521,000 | $177,000 | $1,500,000 | $108,000 | $2,000,000 |
| FHA-insured (Federal Housing Administration) | 1,822 | $268,873,000 | $147,000 | $338,000 | $74,000 | $450,000 |
| VA-guaranteed (Veterans Administration) | 166 | $27,904,000 | $168,000 | $379,000 | $70,000 | $1,860,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,284,000 | $128,000 | $277,000 | $48,000 | $95,000 |
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 | 3,299 | $566,863,000 | $171,000 | $975,000 | $101,000 | $900,000 |
| Application Denied By Financial Institution | 1,149 | $184,279,000 | $160,000 | $1,500,000 | $84,000 | $2,000,000 |
| Application Withdrawn By Applicant | 1,074 | $173,575,000 | $161,000 | $691,000 | $91,000 | $1,860,000 |
| Application Approved But Not Accepted | 91 | $15,865,000 | $174,000 | $554,000 | $94,000 | $450,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Collateral | 412 | $75,945,000 | $184,000 | $1,500,000 | $100,000 | $749,000 |
| Credit History | 287 | $36,918,000 | $128,000 | $405,000 | $69,000 | $494,000 |
| Other | 173 | $28,437,000 | $164,000 | $900,000 | $87,000 | $2,000,000 |
| Debt-To-Income Ratio | 159 | $24,584,000 | $154,000 | $477,000 | $62,000 | $290,000 |
| Employment History | 25 | $3,838,000 | $153,000 | $290,000 | $76,000 | $218,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 21 | $3,005,000 | $143,000 | $336,000 | $79,000 | $198,000 |
| Unverifiable Information | 18 | $2,516,000 | $139,000 | $260,000 | $81,000 | $249,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Aspire Financial Inc's 2010 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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