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Today's Home Equity Rates

Rates as of August 2, 2017, 11:39 am

Owner Occupied
Loan Type Rate Calculation APR/Rate* Apply Now Download Application
SpencerFlex Prime Minus 0.50% 3.750% Apply Now Download Application

*New customers only. APR=Annual Percentage Rate. Property must be an owner-occupied 1-4 family home in New Jersey or Bucks County, PA. 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). Conversion Fee of $75 ($125 in the first year). Early Termination Fee if line is closed within the first 24 months: $300 (lines up to $100,000) or $500 (lines above $100,000). As of 7/31/17 the Prime Rate as published in the Wall Street Journal was 4.25% resulting in a Rate of 3.75%. There is a Maximum Rate of 13.990% and a Floor Rate of 2.75%. Property Insurance required. Flood Insurance may be required. Rates and terms are subject to change without notice. All loans are subject to credit approval.

Owner Occupied
Loan Type APR/Rate* Monthly Payment Per $1000 Borrowed Apply Now Download Application
5 Year Fixed 3.375% $18.14 Apply Now Download Application
7 Year Fixed 3.500% $13.44 Apply Now Download Application
7 Year Fixed First Lien 3.375% $13.38 Contact Us Download Application
10 Year Fixed 3.625% $9.95 Apply Now Download Application
10 Year Fixed First Lien 3.375% $9.83 Contact Us Download Application
15 Year Fixed 3.875% $7.33 Apply Now Download Application
15 Year Fixed First Lien 3.750% $7.27 Contact Us Download Application
20 Year Fixed 4.250% $6.19 Apply Now Download Application
20 Year Fixed First Lien 4.000% $6.06 Contact Us Download Application
30 Year Fixed 4.875% $5.29 Apply Now Download Application
30 Year Fixed First Lien 4.500% $5.07 Contact Us Download Application

*APR=Annual Percentage Rate. Property must be an owner-occupied 1-4 family home in New Jersey or Bucks County, PA. Application Fees (which will be billed after we provide you with the necessary disclosures) are as follows: Loans above $150,000 up to $249,999; $225 (1 family), $450 (2-4 family). Loans of $250,000 or more: $300 (1 family), $450 (2-4 family); however, if the loan is secured by a property of 2,800 square feet or more a fee of $500 will be charged. Previous Spencer applicants (within the past 12 months) and Spencer refinances will be charged an Application Fee regardless of loan amount.  Commitment Fee of $150 is charged on all loans. Property Insurance is required. Flood Insurance may be required. Payments shown do not include applicable taxes and insurance. Rates and terms are subject to change without notice. Offer is subject to credit approval.

 

Loan Type APR/Rate* Monthly Payment Per $1000 Borrowed Apply Now Download Application
5 Year Fixed First Lien 2.500% $17.75 Contact Us Download Application
7 Year Fixed First Lien 2.500% $12.99 Contact Us Download Application
10 Year Fixed First Lien 2.875% $9.60 Contact Us Download Application
15 Year Fixed First Lien 3.125% $6.97 Contact Us Download Application
20 Year Fixed First Lien 3.500% $5.80 Contact Us Download Application
30 Year Fixed First Lien 3.990% $4.77 Contact Us Download Application

*APR=Annual Percentage Rate. Property must be an owner-occupied 1-4 family home in New Jersey located in Mercer, Bergen, Passaic, Hudson, Middlesex, Essex, Sussex, Morris, Hunterdon, Union or Somerset county. Borrowers must meet income eligibility requirements to qualify for this loan product. The special homeowner loan has no fees. Property Insurance is required. Flood Insurance may be required. Payments shown do not include applicable taxes and insurance. Rates and terms are subject to change without notice. Offer is subject to credit approval.

Loan Type APR/Rate* Monthly Payment Per $1000 Borrowed Apply Now Download Application
5 Year Fixed 4.750% $18.76 Contact Us Download Application
7 Year Fixed 5.000% $14.13 Contact Us Download Application
10 Year Fixed 5.000% $10.61 Contact Us Download Application
15 Year Fixed 5.250% $8.04 Contact Us Download Application
SpencerFlex Line of Credit** 5.250% N/A Contact Us Download Application

*APR=Annual Percentage Rate. Investment property must be located in New Jersey or Bucks County, PA. Application Fees as follows: Loans and Lines up to $100,000: $300 (1 family), $400 (2-4 family), Loans and Lines above $100,000: $400 (1 family), $500 (2-4 family); however, if the loan or line is $250,000 or more and secured by a property in excess of 2,800 square feet a fee of $500 will be charged. Commitment Fee of $150 will be charged on all loans. Flood Insurance may be required. Payments shown do not include applicable taxes and insurance. Rates are subject to change without notice. **There is a maximum rate of 13.990% and a floor rate of 5.00%. The rate is the prime rate as published in the Wall Street Journal on the last business day of the month, plus 1.00%. As of 7/31/17 the prime was 4.25% resulting in a rate of 5.25%. All loans are subject to credit approval.