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  Important Information
Financial Center Updates & Important Information Read More

Beginning Monday, March 15th the bank will resume full service status to our lobby areas with normal business hours. (No appointments are needed). Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility. Financial Center Locations

We remain committed to do our part to ensure our community stays healthy during the COVID-19 pandemic. Spencer is creating a safe and secure environment for all who visit. Please take a few moments to review the safety protocols listed here prior to visiting us. Read More

We continue to stay committed to you during this difficult period.  View an updated message from our Chairman and CEO. Read More

Home Equity

Whether you want to make home improvements, purchase a new car, consolidate debt, finance your child’s education or want to plan well-deserved vacation, Spencer has the right home equity loan for you. We offer a variety of suitable options to allow you to use your equity to meet your personal goals. We will take the time to get to know you and your needs to find the perfect loan option for you.

The following NMLS Consumer Access website will provide you with NMLS numbers for all Spencer lenders. Spencer Savings Bank’s NMLS number is 421318.

Home Equity Loan Types

Loan Types Loan Amounts Interest Type Loan Features

Fixed Home Equity Loan

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$2,000 – $1 Million Fixed Rate
  • Fixed Monthly Payments
  • Stability, Predictability and Easy Budgeting
  • No Pre-Payment Penalty

SpencerFlex Line of Credit

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$5,000 – $1 Million Variable Rate (Based on Prime Rate)
  • Convenient Credit Line Checkbook
  • Interest Charged on Outstanding Balance
  • Replenishing Credit
  • “Flex” Conversion Option

Special Homeowner Loan

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$2,500 – $250,000 Fixed Rate
  • No Fees
  • Special low fixed interest rate
  • Income limitations apply
  • See application for property requirements