Aspire is a full-service financial institution for home loans. We offer conventional loans with a variety of terms, from 5 to 30 years as well as other options from residential, construction, and home equity lines of credit (HELOC). Aspire Credit Union also offers refinancing options for homeowners wishing to consolidate debt or lower their monthly home loan payments.
How much do you qualify for?
- A home is likely to be the largest purchase you will ever make. To qualify for one, you will need to prove that you are living a financially responsible life and that you can afford the monthly payments.
- We gauge your financial responsibility through your credit score. This number is like a grade that tells us how you’ve handled your past credit card accounts and other debts.
- Another crucial factor in determining your eligibility for an Aspire home loan is your debt-to-income (DTI) ratio. We want to know how big your collective outstanding debt will be in relation to your income if you receive the home loan.
How should you start?
You have already made the first step by visiting our website. We can help assess your needs and will work with you every step of the way; from designing a product and rate that is best for you, to navigating the sometimes complicated world of buying a home. Even better, you will work with a dedicated home loan consultant who will recommend an Aspire home loan program fit for your needs.
After you decide to move forward with a loan program, you may be asked for additional documentation. Further, an appraisal on the house is done to determine its value and make sure it’s worth what you’re paying. Then the loan will move to underwriting to ensure that your loan application fits the program guidelines. After these steps are complete and finalized, you’re ready to close!
Aspire home loans were developed out of a desire to offer great rates with premium local service. One of our unique benefits is only requiring 10% down for those individuals who qualify. This can save you money and get you into your dream home faster.
Apply now and don’t forget to ask about our North Dakota Housing Finance Agency’s (NDHFA) Mortgage Program!