Mortgage Refinance Rates | Home Loans | SPIRE Credit Union

Home RefinanceRates Effective: 3/20/2023

Program Name	Rate	APR^*	Monthly Payment
10/1 ARM Refi - Max $1,000⁺ Closing Costs	5.750%	5.957%	$1021.25
7/1 ARM Refi - Max $1,000⁺ Closing Costs	5.500%	5.882%	$993.63
5/1 ARM Refi - Max $1,000⁺ Closing Costs	5.250%	5.870%	$966.36
10/1 ARM Jumbo Refi - Max $1,000⁺ Closing Costs	5.875%	6.017%	$4295.75
15 Year Fixed Jumbo Refi - Max $1,000⁺ Closing Costs	5.625%	5.651%	$5981.94
15 Year Fixed Refi - Max $1,000⁺ Closing Costs	5.500%	5.532%	$1429.9
15 Year Fixed Refi	5.500%	5.532%	$1429.9
20 Year Fixed Refi	6.000%	6.191%	$1253.75
30 Year Fixed Refi	6.125%	6.270%	$1063.32
30 Year Fixed Refi Jumbo	6.250%	6.301%	$4471.34

^*APR = Annual Percentage Rate and monthly payment examples assumes an 80% Loan-to-Value, 740 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 in 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.

Investment PropertiesRates Effective: 3/20/2023

	APR^
10/1 ARM	6.0
7/1 ARM	5.75
5/1 ARM	5.5

^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. 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.

Take the Next Step

Apply Now
Meet With Your Loan Officer

See Refinance Options

Your loan stays local with our local loan officers.
Talk through your options or apply with your loan officer today!

We believe SPIRE is more than a financial institution. Our Core Purpose is to improve lives and we want to be a partner in life with you.

Calculate Your Mortgage Refinance

Find out if you should refinance and
how much your payments will be each month.

Financial Calculators

⁺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.

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.