An Aspire home equity investment gives you cash today in exchange for a share of your home’s future change in value – up or down.
Access your equity to
Pay off debt
Your equity could help you pay off existing debt and reach financial freedom.
Improve your home
Fund that home improvement project you’ve been dreaming about.
Fund your retirement
Access your equity to help pay for your retirement AND stay in your home.
Invest in a business or 2nd home
Use your equity to fund your business idea or buy that second home or investment property.
The process
Check address eligibility
Check your address’s eligibility instantly and see how much cash you could receive.
Apply and get your offer
Apply online in minutes. If approved after reviewing your application and verifying Aspire is right for you, we’ll provide an easy-to-understand offer.
Receive your cash
When you accept our offer we’ll schedule a closing date and wire money directly to your account. It can take as little as 2 weeks from application to receiving your cash.
Common questions at a glance
What is an Aspire HEI agreement and how does it work?
-
An Aspire HEI agreement provides you with a cash payment today in exchange for an option to share in a portion of the future change in value of your home.
-
At the end of the agreement, if your home has gone up in value, Aspire will receive its share of that increase in value. If the value of the home goes down, Aspire will receive less.
-
You retain complete control of your home and can end the agreement at any time – typically through the sale of the home or a buyout of the agreement.
How does Aspire determine the value of my home?
-
At the outset of the agreement, Aspire will determine a starting property value for your home based on 3rd party valuation. The starting property value includes a 15% risk adjustment to the appraised value.
-
At the end of the agreement – up to 30 years after the agreement is signed – the value of your home is determined by the sale price or, if you buy out the agreement, by an independent 3rd party appraised value.
How much money can I get from Aspire?
Aspire can provide you with up to 15% of the appraised value of your home, depending on your home value and other qualifying criteria. We require a minimum investment amount of $35k and a maximum amount of $250K.
How do I qualify for an Aspire HEI agreement?
Some of the requirements which you must meet to qualify for an Aspire HEIagreement include:
-
Your property must be included in an eligible location. You can see if your home’s location is eligible by entering your address into our address check tool. We are currently working with homeowners in approved areas of the following states: California and Colorado.
-
You must live in the property – second homes and investment properties are not eligible at this time.
-
Single-family residences, condominiums, and townhomes are eligible. Multi-family residential properties are not eligible at this time.
-
You must have owned the home for at least 12 months.
-
You cannot have an active Reverse Mortgage, Shared Appreciation Mortgage, or HEI agreement on the property.
-
All applicants must be U.S citizens or lawful permanent residents and must provide proof of identity.
-
You and all co-applicants must have a credit score of at least 660.
-
You must have at least 35% equity in the home (65% LOTV – Loan-plus-Option to Value ratio – including the cash payment to you for the HEI agreement and all existing mortgages, HELOCs and other liens on the property)
-
You must have a Debt-to-Income ratio of 50% or below. If verified DTI is greater than 50%, we may allow you to pay off debt with HEI proceeds at closing to get within the accepted range.
-
You must not have experienced a bankruptcy within the last 3 years or a property foreclosure within the last 5 years.
We make it easy to check your eligibility and apply
Instantly see your home's eligibility and how much cash you can potentially access
You don’t need a perfect credit score to qualify – 660+
Dedicated reps are ready to answer questions and help you through the process
View your estimate
Instantly see how much your home could be eligible for