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  Coronavirus Update

We are offering a SBA Paycheck Protection Program to support our business customers. Read More

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. Among other forms of economic aid, the CARES Act provides businesses affected by COVID-19 with special assistance programs. One such Small Business Administration (SBA) program is the Paycheck Protection Program, which assists businesses with job retention and specific expenses. Spencer Savings Bank is proud to partner with FOUNTAINHEAD Commercial Capital / Small Business Finance, a top national SBA lender, to offer the Paycheck Protection Program for businesses in need. Click on the link below to fill out our short internal application form. After completing the form you will be directed to Fountainhead’s website with more information. Internal Application

When completing the application, on the Fountainhead website, please indicate Spencer Savings Bank as the FastTrack Partner, and PaycheckProtectionProgram@SpencerSavings.com as the Referral Partner’s email address.

Investment Property Mortgage

The current real estate market presents lucrative opportunities for savvy investors. Don’t miss out. Grow your rental property portfolio with an Investment Property Mortgage with competitive rates from Spencer. As experts in the local market, we pair serious know-how with attractive investment property mortgage rates.  Spencer also offers a Business Entity LLC Mortgage for those interested in deeding the property to a business.

Strong Indicators: A Hot Rental Property Mortgage Market

Rental property demand continues to be high in the Garden State. Numerous individuals are seeking the right rental, pushing up rents and providing a steady stream of income to smart investors.

Rental Property Mortgages Rates Up to $3,000,000

A partner to investors since 1893, Spencer empowers local investors, without red tape. We know the market. We understand investment property mortgage and rental regulations. And we will pair you with a competitive rental property mortgage designed specifically for real estate investors.

Investment Property Mortgage Features:

  • Fixed & Adjustable Rate Options
  • Borrow up to $3,000,000 (Personally Deeded Properties)
  • 20-25% Down Payment
  • No Pre-Payment Penalties

Eligibility Requirements:

  • Property Location Restrictions:
    • All of New Jersey
    • Bucks County, Pennsylvania
    • Brooklyn, Queens, Manhattan, Staten Island, Bronx, Rockland or Westchester County, New York
  • 1-4 Family Homes

Contact Us Today

Jim Harilaou

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