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  Elizabeth Financial Center Closing
Our Elizabeth Financial Center will be closed Saturday, April 13th, Monday, April 15th and Tuesday, April 16th due to Financial Center repairs. This location will reopen on Wednesday, April 17th. Read More

For your convenience, please visit one of the following full-service locations during this time:

Union Financial Center
1350 Galloping Hill Rd.
Union, NJ 07083
908-289-1770

Cranford Financial Center
213 South Avenue
Cranford, NJ 07016
908-653-1720

Account information can also be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. We apologize for the inconvenience.

Mortgages

Spencer offers a wide array of mortgage products to meet all your borrowing needs. Our mortgage experts take the time to get to know you and your needs so we can match you with the right mortgage for your unique situation. Whether you’re looking to buy a new home, build that dream home you’ve always wanted, or simply save more money by refinancing your current mortgage, Spencer has the right loan 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. Please view our Mortgage Servicing Notice for Error & Information Requests.

Ready to apply for a Spencer Mortgage? For your convenience, you can now apply online from any device that you prefer- desktop, tablet, or smartphone!

Loan Types Eligible Properties Loan Features

Business Entity (LLC) Mortgage

Inquire Online

  • 1-4 Family Homes & Mixed-Use Properties up to 4 Units
  • Investment Properties
  • No Prepayment Penalty
  • Borrow up to $3,000,000
  • Achieve Investment Goals

Investment Property Mortgage

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  • 1-4 Family Homes
  • Investment Properties
  • No Prepayment Penalty
  • Borrow up to $3,000,000
  • Achieve Investment Goals

Fixed Rate Mortgage

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  • Owner-Occupied (1-4 Family)
  • Investment Properties
  • Fixed Monthly Payments
  • Stability, Predictability and Easy Budgeting

Adjustable Rate Mortgage (ARM)

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  • Owner-Occupied (1-4 Family)
  • Investment Properties
  • Variable Interest Rate
  • Lower Rates
  • Annual/Lifetime Cap on Interest Rate Adjustments

Jumbo Mortgage

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  • Owner-Occupied (1-4 Family)
  • Investment Properties
  • More Borrowing Power
  • Flexible Qualifying Ratios
  • Loan Amounts up to $2 Million

Community Worker Mortgage

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  • Owner-Occupied (1-2 Family)
  • Rate Discounts
  • No Application Fee
  • 10% Down w/No PMI

First Time Homebuyer Mortgage

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  • Owner-Occupied (1-2 Family)
  • Half of Application Fee Waived
  • 10% Down w/No PMI
  • Relaxed Qualifying Standards

HomeHelper Mortgage

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  • Owner-Occupied (1-2 Family)
  • Discounted Loan Rates
  • No Application Fee
  • 10% Down w/No PMI

Home Enhancer Mortgage

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  • Owner-Occupied (1-4 Family)
  • Investment Properties
  • Borrow up to 30% of Improved Value
  • Option to Roll Construction Fees into Mortgage Loan

Neighborhood Mortgage

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  • Owner-Occupied (1-4 Family)
  • Investment Properties
  • Discounted Loan Rates
  • No Application Fee
  • Owner-Occupied: 10% Down w/No PMI
  • Investment: 20% Down

Need a Personal Quote?

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