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SpencerFlex Line of Credit

Limited Time Promotion!

First Time Applicants Only

A SpencerFlex Line of Credit is ideal for people who borrow and repay large amounts of money over short periods of time, or for those who wish to have a cash resource available for unexpected expenses. This home equity loan type may be the ideal solution for home improvements, paying down higher rate balances, financing a major purchase or funding educational expenses. With our unique “Flex” conversion feature, you have the option of locking in a fixed rate on all or part of your current balance with a ($25,000 minimum), without having to reapply.

SpencerFlex Promotion

SpencerFlex Line of Credit features:

  • Variable Interest Rate
  • Convenient Credit Line Checkbook
  • Potential Tax Benefits (consult your tax advisor)
  • Replenishing Credit as Payments Are Made
  • Interest Charged on Outstanding Balance

Open Your Account Today

Apply online, visit your local branch, or call us at 1-800-363-8115 today!


*SPENCERFLEX PROMOTION:  Only available for first time Spencer Home Equity Credit Line applicants. Introductory APR of 2.99% is fixed for 12 months from the date of loan closing. After introductory period, the rate is based on the Prime Rate as published the last business day of the month in the Wall Street Journal. $0 Application Fee. Commitment Fee of $100 to be paid within 10 days of approval. Please see below for additional information.

*NON-PROMOTIONAL SPENCERFLEX:  Rate is Prime Rate MINUS 0.76%.  Application Fees as follows: Lines up to $150,000: $150 (which will be waived for first time Spencer Home Equity Line applicants), Lines above $150,000 up to $249,999: $225 (1 family), $450 (2-4 family), Lines of $250,000 or more: $300(1 family), $450 (2-4 family); however, if the line is secured by a property in excess of 2,800 square feet a fee of $500 will be charged. Commitment Fee of $150 (waived if at least $25,000 is drawn at closing to pay creditors other than Spencer Savings).  Please see below for additional information.

*ALL SPENCERFLEX LINES: Annual Percentage Rate. As of 6/29/18 the Prime Rate was 5.00% resulting in a rate of 5.00%. There is a Maximum Rate of 13.99% and a Floor Rate of 5.00%. Line must be secured by an owner-occupied 1-4 family home in New Jersey or Bucks County, PA. Early Termination Fee if line is closed within the first 24 months: $300 (lines up to $100,000) or $500 (lines above $100,000). Conversion Fee of $75 ($125 in the first year). Property Insurance is required. Flood Insurance may be required. Rates and terms are subject to change without notice. All loans are subject to credit approval.