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  Closing & Important Updates
We will be closed on Thursday, November 26th in observance of Thanksgiving Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Read More

We are here for you. Important Updates Regarding Coronavirus.

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, President and CEO. Read More

The Passaic Street (Garfield) location is currently closed. During this time, please visit one of our alternate financial centers if needed. Bank Locations

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 college tuition, 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, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Sussex or Union County
  • Household Income Limitations:
    Bergen/Passaic/Hudson: $65,440
    Essex/Union/Morris/Hunterdon/Sussex: $82,560
    Middlesex/Somerset: $90,000
    Mercer: $86,960
  • 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!