Mortgage Refinance

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Switch to SPIRE and get a lower payment or cash out for some extra money.

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⁺APR = Annual Percentage Rate and monthly payment examples assumes an 80% Loan-to-Value, and 700 credit score. Monthly Principal & interest payment based on loan amount of $175,000 and $726,200 for jumbo loans. Payment estimates do not include taxes and insurance; actual payments may be higher. Minimum Loan amount is $15,000 and Maximum loan amount is $1,500,000. A minimum of $10,000 must be new money at SPIRE. Property must be the primary or secondary residence and property insurance is required. Residential properties located MN and WI. Change in fee ownership, manufactured homes, commercial, agriculture and large acreage properties excluded from offer. SPIRE member responsible to pay up to $1,000 toward closing costs. 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 and does not include property taxes, home owner’s insurance, prepaid interest, and fee for a potential subordination agreement. Offer subject to termination at any time. The stated rates are the lowest available and subject to change at any time without notice. Rates are based on credit history, loan-to-value, and other factors so your rate may different. Adjustable Rate Mortgages (ARM) loans have a variable rate therefore the APR may increase after consummation. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility

Maximum $1,000⁺ Closing Costs Special

When you refinance your home loan with SPIRE,
you can choose to only pay up to $1,000 in closing costs
or pay the full costs and enjoy a lower rate.

The choice is yours!

No Payments for up to 60 days

Switch your home loan to SPIRE
and enjoy no loan payments for up to 60 days.

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Why Refinance with SPIRE

We've made the process easy with an online application that takes minutes to complete. Your Minnesota-based loan officer will walk you through every step.

When you refinance to lower your interest rate, your monthly payment will also be lower, saving you money over the life of your loan.

Some choose to refinance to take “cash out.” If you have built equity in your current home, you could use that equity to make home improvements, consolidate debt, or for any purchase you wish.

Based on the amount of equity your home, the closing costs may be rolled into your loan.

Home Refinance Rates

Home RefinanceRates Effective: 5/26/2023

Program Name	Rate	APR^*	Monthly Payment
10/1 ARM Refi - Max $1,000⁺ Closing Costs	6.750%	6.296%	$1135.05
7/1 ARM Refi - Max $1,000⁺ Closing Costs	6.500%	6.119%	$1106.12
5/1 ARM Refi - Max $1,000⁺ Closing Costs	6.250%	6.161%	$1077.51
10/1 ARM Jumbo Refi - Max $1,000⁺ Closing Costs	6.875%	6.356%	$4770.62
15 Year Fixed Jumbo Refi - Max $1,000⁺ Closing Costs	6.750%	6.782%	$6426.21
15 Year Fixed Refi - Max $1,000⁺ Closing Costs	6.625%	6.663%	$1536.49
15 Year Fixed Refi	6.625%	6.872%	$1536.49
20 Year Fixed Refi	6.750%	6.949%	$1330.64
30 Year Fixed Refi	7.125%	7.282%	$1179.01
30 Year Fixed Refi Jumbo	7.250%	7.307%	$4953.96

VIEW ALL RATES

^*APR = Annual Percentage Rate and monthly payment examples assumes an 80% Loan-to-Value, 780 credit score, and purchase or no cash out refinance. Monthly Principal & interest payment based on loan amount of $175,000 and $726,200 for jumbo loans. Payment estimates do not include taxes and insurance; actual payments may be higher. Maximum loan amount is $1,500,000. Minimum loan amount is $15,000. Property insurance is required. Residential properties located in MN and WI. If the loan does not close, the cost of the appraisal will not be refunded. The stated rates are the lowest available and subject to change at any time without notice. Rates are based on credit history, loan-to-value, occupancy, and other factors so your rate may different.
Adjustable Rate Mortgages (ARM) loans have a variable rate therefore the APR may increase after consummation. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.

⁺APR = Annual Percentage Rate and monthly payment examples assumes an 80% Loan-to-Value, and 700 credit score. Monthly Principal & interest payment based on loan amount of $175,000 and $726,200 for jumbo loans. Payment estimates do not include taxes and insurance; actual payments may be higher. Minimum Loan amount is $15,000 and Maximum loan amount is $1,500,000. A minimum of $10,000 must be new money at SPIRE. Property must be the primary or secondary residence and property insurance is required. Residential properties located MN and WI. Change in fee ownership, manufactured homes, commercial, agriculture and large acreage properties excluded from offer. SPIRE member responsible to pay up to $1,000 toward closing costs. 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 and does not include property taxes, home owner’s insurance, prepaid interest, and fee for a potential subordination agreement. Offer subject to termination at any time. The stated rates are the lowest available and subject to change at any time without notice. Rates are based on credit history, loan-to-value, and other factors so your rate may different. Adjustable Rate Mortgages (ARM) loans have a variable rate therefore the APR may increase after consummation. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.

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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.