Home Equity Rates

Home Equity; Second Lien Position (Primary Residence)Rates Effective: 1/31/2023

APR* Monthly Term Monthly Payment
Home Equity - 5yr. CLTV up to 80%6.25060$972.46
Home Equity - 5yr. CLTV up to 90%7.25060$995.97
Home Equity - 5yr. CLTV up to 100%8.25060$1,019.81
Home Equity - 7yr. CLTV up to 80%6.50084$742.47
Home Equity - 7yr. CLTV up to 90%7.50084$766.91
Home Equity - 7yr. CLTV up to 100%8.50084$791.82
Home Equity - 10yr. CLTV up to 80%6.750120$574.12
Home Equity - 10yr. CLTV up to 90%7.750120$600.05
Home Equity - 15yr. CLTV up to 80%7.250180$456.43
Home Equity - 15yr. CLTV up to 90%8.250180$485.07
Home Equity - 20yr. CLTV up to 80%7.750240$410.47
Home Equity - 20yr. CLTV up to 90%8.750240$441.86

*APR =  Annual Percentage Rate. Rates disclosed include a .25% discount for automatic payment. Monthly Principal & interest payment based on loan amount of $50,000. Maximum loan amount for a fixed rate loan is $250,000  Minimum loan amount is $10,000 for 5-10 year terms, $15,000 for a 15-year term, and $20,000 for a 20-year term. 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 in MN or WI. Commercial, agriculture and large acreage properties excluded from offer. SPIRE member responsible to pay up to $500 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. 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. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.

Home Equity Line of Credit (Primary Residence)Rates Effective: 1/31/2023

Rate APR* as low as
CLTV up to 75%7.7507.750
CLTV up to 85%7.7507.750

*APR =  Annual Percentage Rate. The Home Equity Line of Credit has a variable rate therefore the APR may increase after consummation, the range is 4.50%-18.00% APR. Minimum loan amount for a Home Equity Line of Credit (HELOC) 10-year draw is $10,000. Maximum loan amount for CLTV up to 75% is $200,000 and CLTV 75.01-85% is $50,000. A minimum of $10,000 must be new money at SPIRE. Property must be the primary residence and property insurance is required. Residential properties located in MN or WI. Commercial, agriculture and large acreage properties excluded from offer. SPIRE member responsible to pay up to $500 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. 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. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.

Second Homes/Vacation Homes (Second Lien Position)Rates Effective: 1/31/2023

APR* Monthly Term Monthly Payment
Home Equity - 5yr. LTV up to 75%7.25060$995.97
Home Equity - 7yr. LTV up to 75%7.50084$766.91
Home Equity - 10yr. LTV up to 75%8.000120$606.64
Home Equity - 15yr. LTV up to 75%8.500180$492.37

*APR =  Annual Percentage Rate. Rates disclosed include a .25% discount for automatic payment. Monthly Principal & interest payment based on loan amount of $50,000. Maximum loan amount for a fixed rate loan is $250,000  Minimum loan amount is $10,000 for 5-10 year terms and $15,000 for a 15 year term. 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 in MN or WI. Commercial, agriculture and large acreage properties excluded from offer. SPIRE member responsible to pay up to $500 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. 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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