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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

Community Worker Mortgage

Spencer is proud to offer the Community Worker Mortgage, designed specifically for New Jersey healthcare/medical workers, police officers, firefighters, DPW workers, borough employees, teachers and others employed within the education system. This is our way of giving back to our communities, and helping you purchase or refinance the home of your dreams.

Community Worker Mortgage features:

  • Discounted Loan Rates
  • No Application Fee
  • Fixed and Adjustable Products Available
  • 10% Down Payment w/No PMI
  • Rate Discount w/Auto-Pay
  • No Income Limitations

Eligibility Requirements:

  • Employed in Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Sussex or Union County
  • To Qualify for Rate Discount, Monthly Mortgage Payment Must be Auto-Deducted from a Spencer deposit account
  • Applicant Must Meet Employment Guidelines
  • Owner-Occupied 1-2 Family Homes and Single Family Vacation Homes
  • Lender – Approved Condo Projects Eligible with 15% Down Payment

Apply Now

Today’s Rates

Contact Us Today!

Jim Harilaou

Mortgage Sales Representative
NMLS# 519891
1-201-703-3800 ext. 8336