Important Notice
Javascript must be enabled to view this website, please enable Javascript and reopen our website.
Skip to main content
  Holiday Closing & Passaic Street Financial Center Closure
Spencer Savings Bank will be closed on Friday, July 4th in observance of Independence Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Read Full Message

Please be advised that our Passaic Street Financial Center will be CLOSED due to unforeseen maintenance.

Please visit one of our nearest full-service locations during this time.

Outwater Lane Financial Center | Elmwood Park Financial Center

We apologize for the inconvenience and look forward to continuing to serve your banking needs.

Special Homeowner Loan

Our Spencer Special Homeowner Loan offers residents in designated counties, that meet specific income limits, a great way to take advantage of the equity in their home with a special rate discount. This home equity loan type allows you to borrow money for any worthwhile purpose at a reduced rate. Borrow up to $250,000 for home improvements and even refinance your mortgage.

Special Homeowner Loan features:

  • No Fees of any kind are charged
  • Terms up to 30 years
  • Special low fixed interest rate
  • Household income limitations apply

Special Homeowner Eligibility Requirements:

  • Property must be located in Bergen, Essex, Hudson, Mercer, Middlesex, Morris, Passaic, Somerset or Union County
  • Household Income Limitations:
    Bergen/Passaic/Hudson: $81,520
    Essex/Union/Morris: $106,640
    Middlesex/Somerset: $108,720
    Mercer: $100,720
  • Applies to 1-4 family, owner occupied residential properties secured by a first mortgage

Apply Today

Download the application, visit your local Financial Center, or call us at 1-800-363-8115 today!