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Aspire Home Loans

Purchasing your dream home has become more convenient than ever! When you’re prepared to begin, feel free to reach out to us or fill out the mortgage questionnaire provided below. Individuals can now apply for loans that align better with their loan needs! Whether it’s residential, construction, investment or HELOC loans you’re interested in, we’ve got you covered. Explore our latest in-house rates .

Loan Options

ASPIRE IN-HOUSE LOAN

  • 10% down with no mortgage insurance
  • Balloon payment
  • Local servicing
  • Manufactured home financing available
  • Condo financing available
  • Investment property financing available
  • Requires membership
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NDHFA

North Dakota Housing Finance Agency

  • State Investor
  • Includes mortgage insurance for down payments less than 20%
  • Down payment assistance
  • Income limits
  • Purchase price limits
  • Minimum $500 down payment
  • Includes mortgage insurance
  • Requires membership

CONSTRUCTION

  • 20% down (can include land equity)
  • 12-month interest only construction period
  • No limit on number of draw requests
  • General contractor NOT required*
  • Requires membership
*Must be able to obtain builders risk insurance policy

HELOC

Home Equity Line of Credit

  • Home improvement projects
  • Debt consolidation (including higher interest rate credit cards)
  • Tuition or other ongoing expenses over time
  • Home repairs, such as windows, new roof, energy efficient projects
  • Requires membership

*Not all individuals will qualify. Subject to credit approval, analysis, and underwriting. Aspire Credit Union membership is required.

Mortgage Team

Bobbi

Loan Department Manager
bobbih@aspire.creditunion
701-837-5305
NMLS#: 846479

Jalisa

Mortgage Loan Officer
jalisat@aspire.creditunion
701-837-5307
NMLS#: 2382606

Christy

Mortgage Loan Processor
christyw@aspire.creditunion
701-837-5306
NMLS#: 2416133

Kayli

Junior Assistant Loan Officer
kaylio@aspire.creditunion
701-837-5322
NMLS#: 2596180

FREQUENTLY ASKED QUESTIONS

What makes Aspire's Construction loans more appealing and unique from our competitors?

Aspire’s construction loan product aims to make the process as easy and accessible to anyone dreaming of building their dream home! What makes our construction loan program so attractive; no limit on the number of advances during the construction period, no requirement of a down payment at the time of opening the line of credit, quick turn time on draw requests, ability for the DIYer’s to manage a portion of their project and be reimbursed for qualifying expenses.

Why do a balloon loan over a fixed loan?

In most cases, our conventional in-house loan product only requires 10% down with no mortgage insurance. On the secondary market to avoid PMI, you’d have to put 20% down otherwise pay the monthly mortgage insurance premium. Additionally, with credit committee approval, some borrowers with lower credit scores who could be candidates for FHA financing can purchase homes that wouldn’t otherwise meet FHA standards. This allows them more flexibility on which home they choose to purchase.

Our conventional in-house mortgage rates are often very competitive to the secondary market. They are a great option for situations where you may not stay in your home for a very long time, a second home or investment property, or borrowers looking for a lower interest rate. In the first 1/2 of your loan, you are paying primarily interest making a lower interest rate that much more important.

Minot Credit Union