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  Important Information
Financial Center Updates & Important Information Read More

As the virus transmission rate continues to increase again in New Jersey, we’d like to inform you that we will be closing our lobbies to the general public effective Monday, December 7, 2020. If you need to conduct business inside one of our financial centers, you will be required to schedule an appointment.  However, we will be operating our drive-up facilities as normal.  Please see our revised hours of operation and financial center contact information. Financial Center Locations

Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility.  We appreciate your patience as we do our part to protect you and our employees from the spread of COVID-19. Financial Center Locations

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 and CEO. Read More

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