Important Notice
Javascript must be enabled to view this website, please enable Javascript and reopen our website.
Skip to main content
  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

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