Investment Properties

SPIRE offers great Adjustable Rate Mortgage (ARM) loan options for investment properties with flexible terms. 

Single Family & 2-Unit Properties

  • Up to 30-years amortization
  • ​Up to 80% LTV for purchased and straight term refinance (no cash out)
  • 70% LTV for a cash out refinance
  • Low closing costs
  • Competitive rates
  • 5 years, 7 years and 10 years fixed rates available

SPIRE offers financing structures for all other types of investment properties. Contact us for details.

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6Limited to 3 properties per owner. Property must be an investment property located in MN. SPIRE member responsible to pay $1,000 toward closing costs, which includes the cost of the required appraisal. If the loan does not close, the cost of the appraisal will not be refunded. SPIRE will pay closing costs in excess of $1,000. Offer subject to termination at any time. Rates and terms are subject to qualification and may change at any time. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.

Rates

Investment PropertiesRates Effective: 7/23/2021

APR^
10/1 ARM3.875
7/1 ARM3.625
5/1 ARM3.375

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^APR=Annual Percentage Rate. Limited to 3 properties per owner. Property must be an investment property located in MN. SPIRE member responsible to pay $1,000 toward closing costs, which includes the cost of the required appraisal. If the loan does not close, the cost of the appraisal will not be refunded. SPIRE will pay closing costs in excess of $1,000. Offer subject to termination at any time. Rates and terms are subject to qualification and may change at any time. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.
 
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