Important Notice
Javascript must be enabled to view this website, please enable Javascript and reopen our website.
Skip to main content
  Important Update
We are here for you. Important Updates Regarding Coronavirus Read More

Our financial centers are now reopened. Learn about all the ways Spencer is creating a safe and secure environment for all its visitors. 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

Neighborhood Mortgage

Our Neighborhood Mortgage offers special discounts for the purchasing or refinancing of a property with a street address located in a pre-determined “Low or Moderate” income neighborhood. Save thousands of dollars over the life of your home mortgages loan thanks to an interest rate discount. Spencer is committed to helping borrowers fulfill their borrowing needs.

Neighborhood Mortgage features:

  • Discounted Loan Rates
  • No Application Fee
  • Fixed and Adjustable Products Available
  • 10% Down Payment w/No PMI (Owner-Occupied)
  • 20% Down Payment (Investment Properties)

Eligibility Requirements:

  • Property Must Be Located in Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Sussex or Union County
  • Location Limitations: Must be Located in Low to Moderate Income Geography in one of the above counties
  • Owner-Occupied 1-4 Family Homes and Investment Properties Eligible
  • 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