Important Notice
Javascript must be enabled to view this website, please enable Javascript and reopen our website.
Skip to main content
  Important Information
Financial Center Updates & Important Information Read More

As the virus transmission rate continues to increase again in New Jersey, we’d like to inform you that we will be closing our lobbies to the general public effective Monday, December 7, 2020. If you need to conduct business inside one of our financial centers, you will be required to schedule an appointment.  However, we will be operating our drive-up facilities as normal.  Please see our revised hours of operation and financial center contact information. Financial Center Locations

Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility.  We appreciate your patience as we do our part to protect you and our employees from the spread of COVID-19. Financial Center Locations

Learn about all the ways Spencer is creating a safe and secure environment. 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

Apply Now

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

SpencerFlex Line of Credit

Apply Now

$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

Download Application

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