Whether you are looking to purchase your dream home, use the equity in your current home for debt consolidation or even refinance, SPIRE has a full-range of mortgage products including:

Conventional
FHA
VA
USDA Rural Housing

APPLY NOW

image of couple looking at their house. "Driven to bring happiness home"


NMLS #469510
NMLS Active Numbers >

SPIRE HOME MORTGAGE


MORTGAGE OPTIONS

    There are many options when it comes to choosing a loan.  Find out which one is a good choice for you.

    As a rule of thumb, the longer term you select, the higher the interest rate, but the lower the payment.  You will end up paying more in interest over the life of the loan with a 30-year term vs. a 15-year term. However, you can pay your mortgage off at any time with NO pre-payment penalties.

    CONVENTIONAL LOAN

    Approved per Desktop Underwriter, must be approved/eligible
    Collections do not need to be paid on primary residences
    Products available for primary, secondary, and investment properties
    Property types available: Single Family Home, 2-4-units, Condo, & Townhome
    Mortgage Insurance required for over 80% LTV
    Loans up to $453,000

    APPLY NOW

    JUMBO LOAN

    Need a loan in excess of $453,100
    Have a required 20% down payment
    Plan on staying in your home long-term

    APPLY NOW

    home ready program

    3% down payment
    Have low to moderate income
    Limited cash for down payment
    Looking to purchase or refinance
    Flexible sources for down payment

    APPLY NOW

    FHLB DES MOINES HOME $TART PROGRAM

    Provide up to $5,000 for down payment and closing costs
    Purchase price limitations based on area
    Up to 80% of the median household income based on area and number in household

    FHA LOAN

    Flexible down payment options 
    Limited credit history is allowed
    Non-owner occupied co-borrower can be used for qualifying
    Lower down payment requirement
    More lenient on credit and loan qualifying standards

    APPLY NOW

     

     

    USDA RURAL HOUSING LOAN

    100% Financing
    6% Seller concessions
    Low and moderate-income households eligible
    No reserves required
    Primary residence only
    Must meet property & income eligibility

    APPLY NOW

    VA LOAN

    100 percent financing.
    4 percent seller concessions.
    640 credit score.
    No reserves required.
    No mortgage insurance
    Available to service members, veterans, and eligible surviving spouses

    APPLY NOW


    Serviced through our partner, The Servion Group

the spire learning center

Understand mortgage terms, calculate your potential loan payment, and learn more about your loan options at the SPIRE Learning Center >

Refinance your current mortgage

There are a few reasons to consider refinancing your current mortgage. If you’ve been in your home a while, interest rates may be much lower and you may be able to get a lower interest rate and monthly payment. If this is the case, you will ultimately end up paying less interest over the life of the loan. Based on the amount of equity, the closing costs may be rolled into the loan.

Others refinance to take “cash out.” This would be an option if you have built equity in your current home and you would like to take that equity to make home improvements or even consolidate debt.

SPIRE Home Equity loans

 

So many mortgage choices

We take our obligation of educating our members very seriously. 
If you have questions about your current home loan situation or want to know more about the many different financing options available, please contact one of SPIRE’s mortgage experts.

Contact a SPIRE Mortgage Professional


Additional Mortgage Information

Your Home Loan Tool Kit

SPIRE Learning Center 

AmeriCU Mortgage

The Servion Group (formerly CU Mortgage Services, Inc.)

Driven by

MIDWESTERN VALUES

Founded in 1934, SPIRE upholds the values of honesty, integrity and hard work. We strive to make it easy to do business with us and truly care about our members.


Contact SPIRE.

We are here to improve lives.

651.215.3500 or 888.34.SPIRE

Visit us at a Branch

Quickly locate a nearby branch.

Current Promotions

Find out how you can save money today.

LEARN MORE