Spencer makes it easy to close on your home This unique mortgage program helps to assist you with the added costs associated with the mortgage closing process. Spencer makes this program available for those taking advantage of the following Spencer mortgages: HomeEnhancer, First-Time Homebuyer, HomeHelper, Fixed (10 year and 15 year), as well as all ARM mortgage products. Features include: • Waived application fee • $500 minimum - $10,000 maximum • Terms of loans are 1 year minimum to 10 years maximum • Household income limitations apply • This program is only available in Bergen, Essex, Morris, Passaic and Union counties