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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

Today's Mortgage Rates

Rates as of January 21, 2021, 8:49 am

Owner Occupied
Loan Type Points Interest Rate APR* Monthly Payment Loan Amounts Apply Now Download Application
Per $1000 Borrowed(Desktop, Tablet or Mobile)
30 Year HomeHelper Fixed Rate 0 3.000% 3.022% $4.22 Up To $453,100 Apply Now Download Application
30 Year Fixed Rate 0 3.125% 3.151% $4.28 Up To $484,350 Apply Now Download Application
30 Year Fixed Rate 0 3.125% 3.151% $4.28 $484,351 Up To $1,000,000 Apply Now Download Application
30 Year Fixed Rate 0 3.375% 3.392% $4.42 $1,000,001 Up To $1,500,000 Apply Now Download Application
30 Year Fixed Rate 0 3.625% 3.641% $4.56 $1,500,001 Up To $2,000,000 Apply Now Download Application
20 Year HomeHelper Fixed Rate 0 3.000% 3.031% $5.55 Up To $453,100 Apply Now Download Application
20 Year Fixed Rate 0 3.000% 3.035% $5.55 Up To $484,350 Apply Now Download Application
20 Year Fixed Rate 0 3.000% 3.026% $5.55 $484,351 Up To $1,000,000 Apply Now Download Application
20 Year Fixed Rate 0 3.250% 3.273% $5.67 $1,000,001 Up To $1,500,000 Apply Now Download Application
20 Year Fixed Rate 0 3.500% 3.522% $5.80 $1,500,001 Up To $2,000,000 Apply Now Download Application
15 Year Fixed Rate 0 2.500% 2.542% $6.67 Up To $484,350 Apply Now Download Application
15 Year Fixed Rate 0 2.500% 2.530% $6.67 $484,351 Up To $1,000,000 Apply Now Download Application
15 Year Fixed Rate 0 2.750% 2.776% $6.79 $1,000,000 Up To $1,500,000 Apply Now Download Application
15 Year Fixed Rate 0 3.000% 3.025% $6.91 $1,500,001 Up To $2,000,000 Apply Now Download Application
10 Year Fixed Rate 0 2.375% 2.435% $9.37 Up To $484,350 Apply Now Download Application
10 Year Fixed Rate 0 2.375% 2.418% $9.37 $484,351 Up To $1,000,000 Apply Now Download Application
10 Year Fixed Rate 0 2.625% 2.661% $9.48 $1,000,001 Up To $1,500,000 Apply Now Download Application
10 Year Fixed Rate 0 2.875% 2.910% $9.60 $1,500,001 Up To $2,000,000 Apply Now Download Application

*Select a product to view assumptions and important disclosure information.

APR=Annual Percentage Rate. Payments shown do not include applicable taxes and insurance. Actual payment obligation will be greater. Private Mortgage Insurance (PMI) is available for down payments less than 20%. PMI will increase your monthly payment amounts. Rate and APR may vary subject to loan amount, purpose of loan, etc. and are subject to change without notice. Above rates, APRs and terms apply to single family, owner-occupied contract sales and refinances in amounts up to $2,000,000 on properties throughout New Jersey and Bucks County, PA. Property Insurance required. Flood Insurance may be required. All loans are subject to credit approval.

Fees: Attorney Review Fee is $325, Final Inspection Fee $175 (if applicable). Credit Report Fee ($27.74 per borrower.) Application Fee $134.02 (1-4 family) and Flood Certification $10.50. Appraisal Fee $350 (1 family) or $550 (2-4 family), which may be higher for complex properties. These fees must be paid upon request by Spencer during the processing of your application, but no later than three (3) business days after receipt of a signed loan estimate. These fees are non-refundable.

Owner Occupied
Loan Type Points Interest Rate APR* Monthly Payment Loan Amounts Apply Now Download Application
Per $1000 Borrowed(Desktop, Tablet or Mobile)
1/1/30 Year Adjustable Rate 0 3.000% 3.023% $4.22 Up To $1 Million Apply Now Download Application
1/1/30 Year Adjustable Rate 0 3.250% 3.035% $4.35 Between $1,000,001 - $1,500,000 Million Apply Now Download Application
1/1/30 Year Adjustable Rate 0 3.500% 3.053% $4.49 Between $1,500,001 - $2,000,000 Million Apply Now Download Application
3/1/30 Year Adjustable Rate 0 3.000% 3.017% $4.22 Up To $1 Million Apply Now Download Application
3/1/30 Year Adjustable Rate 0 3.250% 3.070% $4.35 Between $1,000,001 - $1,500,000 Million Apply Now Download Application
3/1/30 Year Adjustable Rate 0 3.500% 3.124% $4.49 Between $1,500,001 - $2,000,000 Million Apply Now Download Application
3/3/30 Year Adjustable Rate 0 3.125% 2.848% $4.28 Up To $1 Million Apply Now Download Application
3/3/30 Year Adjustable Rate 0 3.375% 2.901% $4.42 Between $1,000,001 - $1,500,000 Million Apply Now Download Application
3/3/30 Year Adjustable Rate 0 3.625% 2.955% $4.56 Between $1,500,001 - $2,000,000 Million Apply Now Download Application
5/1/30 Year Adjustable Rate 0 3.125% 3.061% $4.28 Up To $1 Million Apply Now Download Application
5/1/30 Year Adjustable Rate 0 3.375% 3.146% $4.42 Between $1,000,001 - $1,500,000 Million Apply Now Download Application
5/1/30 Year Adjustable Rate 0 3.625% 3.233% $4.56 Between $1,500,001 - $2,000,000 Million Apply Now Download Application
5/5/30 Year Adjustable Rate Promotion**(NEW MONEY ONLY) 0 3.000% 2.935% $4.22 Up to $800,000 Contact Us Download Application
5/5/30 Year Adjustable Rate 0 3.000% 3.017% $4.22 Up To $1 Million Apply Now Download Application
5/5/30 Year Adjustable Rate 0 3.250% 3.102% $4.35 Between $1,000,001 - $1,500,000 Million Apply Now Download Application
5/5/30 Year Adjustable Rate 0 3.500% 3.189% $4.49 Between $1,500,001 - $2,000,000 Million Apply Now Download Application
7/1/30 Year Adjustable Rate 0 3.250% 3.133% $4.35 Up To $1 Million Apply Now Download Application
7/1/30 Year Adjustable Rate 0 3.500% 3.247% $4.49 Between $1,000,001 - $1,500,000 Million Apply Now Download Application
10/1/30 Year Adjustable Rate 0 3.250% 3.170% $4.35 Up To $1 Million Apply Now Download Application
7/1/30 Year Adjustable Rate 0 3.750% 3.364% $4.63 Between $1,500,001 - $2,000,000 Million Apply Now Download Application
10/1/30 Year Adjustable Rate 0 3.500% 3.321% $4.49 Between $1,000,001 - $1,500,000 Million Apply Now Download Application
10/1/30 Year Adjustable Rate 0 3.750% 3.475% $4.63 Between $1,500,001 - $2,000,000 Million Apply Now Download Application

*Select a product to view assumptions and important disclosure information.

APR=Annual Percentage Rate. An ARM product is a variable rate loan, and, as a result, the APR is subject to change. Payments shown do not include applicable taxes and insurance. Actual payment obligation will be greater. Private Mortgage Insurance (PMI) is available for down payments less than 20%. PMI will increase your monthly payment amounts. Rate and APR may vary subject to loan amount, purpose of loan, etc. and are subject to change without notice. Above rates, APRs and terms apply to single family, owner-occupied contract sales and refinances in amounts up to $2,000,000 on properties throughout New Jersey and Bucks County, PA. Property Insurance required. Flood Insurance may be required. All loans are subject to credit approval.

For ARM loans, when the rate adjusts, your new rate will be the current index plus the margin. On the first rate change date, your interest rate cannot increase more than 2% above the initial interest rate. Your interest rate cannot increase more than 6% above the initial interest rate over the term of the loan. Current Index: 1 year ARM = 1 year Treasury, 3/3 ARM = 3 year Treasury, 5/5 ARM = 5 year Treasury; Margin: 1 year ARM = 2.875%, 3/3 year ARM and 5/5 ARM = 2.50%.

Fees: Attorney Review Fee is $325, Final Inspection Fee $175 (if applicable). Credit Report Fee ($27.74 per borrower.) Application Fee $134.02 (1-4 family) and Flood Certification $10.50. Appraisal Fee $350 (1 family) or $550 (2-4 family), which may be higher for complex properties. These fees must be paid upon request by Spencer during the processing of your application, but no later than three (3) business days after receipt of a signed loan estimate. These fees are non-refundable. For ARM loans, when the rate adjusts, your new rate will be the current index plus the margin. On the first rate change date, your interest rate cannot increase more than 2% above the initial interest rate. Your interest rate cannot increase more than 6% above the initial interest rate over the term of the loan. Current Index: 5/5 ARM = 5 year Treasury; Margin: 5/5 ARM = 2.50%.

Loan Type Points Interest Rate APR* Monthly Payment Loan Amounts Apply Now Download Application
Per $1000 Borrowed(Desktop, Tablet or Mobile)
10 Year Fixed 0 3.625% 3.680% $9.95 Up To $3,000,000 Apply Now Download Application
15 Year Fixed 0 3.750% 3.789% $7.27 Up To $3,000,000 Apply Now Download Application
20 Year Fixed 0 3.875% 3.906% $5.99 Up To $3,000,000 Apply Now Download Application
30 Year Fixed 0 4.000% 4.023% $4.77 Up To $3,000,000 Apply Now Download Application
1/1/30 Year ARM 0 3.625% 3.876% $4.56 Up To $3,000,000 Apply Now Download Application
3/1/30 Year ARM 0 3.750% 3.868% $4.63 Up To $3,000,000 Apply Now Download Application
3/3/30 Year ARM 0 3.750% 3.772% $4.63 Up To $3,000,000 Apply Now Download Application
5/1/30 Year ARM 0 3.875% 3.897% $4.70 Up To $3,000,000 Apply Now Download Application
5/5/30 Year ARM 0 3.875% 3.978% $4.70 Up To $3,000,000 Apply Now Download Application
7/1/30 Year ARM 0 4.000% 3.957% $4.77 Up To $3,000,000 Apply Now Download Application
10/1/30 Year ARM 0 4.000% 3.975% $4.77 Up To $3,000,000 Apply Now Download Application

*Select a product to view assumptions and important disclosure information.

APR=Annual Percentage Rate. An ARM product is a variable rate loan, and, as a result, the APR is subject to change.  Payments shown do not include applicable taxes and insurance.  Actual payment obligation will be greater.  Private Mortgage Insurance (PMI) is available for down payments less than 20%.  PMI will increase your monthly payment amounts.  Rate and APR may vary subject to loan amount, purpose of loan, etc. and are subject to change without notice.  Above rates, APRs and terms apply to single family, owner-occupied contract sales and refinances in amounts up to $2,000,000 on properties throughout New Jersey and Bucks County, PA. Property Insurance required. Flood Insurance may be required. All loans are subject to credit approval.

Fees: Attorney Review Fee is $325, Final Inspection Fee $175 (if applicable). Credit Report Fee ($27.74 per borrower.) Application Fee $134.02 (1-4 family) and Flood Certification $10.50. Appraisal Fee $350 (1 family) or $550 (2-4 family), which may be higher for complex properties. These fees must be paid upon request by Spencer during the processing of your application, but no later than three (3) business days after receipt of a signed loan estimate. These fees are non-refundable. For ARM loans, when the rate adjusts, your new rate will be the current index plus the margin. On the first rate change date, your interest rate cannot increase more than 2% above the initial interest rate. Your interest rate cannot increase more than 6% above the initial interest rate over the term of the loan. Current Index: 5/5 ARM = 5 year Treasury; Margin: 5/5 ARM = 2.50%.

Loan Type Points Interest Rate APR* Monthly Payment Loan Amounts Apply Now Download Application
Per $1000 BorrowedOwner Occupied Up to 3MM, Investment Up To 2MM(Desktop, Tablet or Mobile)
10 Year Fixed 0 3.875% 3.948% $10.07 Up To $3,000,000 Contact Us Download Application
15 Year Fixed 0 3.875% 3.926% $7.33 Up To $3,000,000 Contact Us Download Application
20 Year Fixed 0 4.125% 4.166% $6.13 Up To $3,000,000 Contact Us Download Application
30 Year Fixed 0 4.250% 4.280% $4.92 Up To $3,000,000 Contact Us Download Application
1/1/30 Year ARM 0 3.750% 3.893% $4.63 Up To $3,000,000 Contact Us Download Application
3/1/30 Year ARM 0 4.000% 3.932% $4.77 Up To $3,000,000 Contact Us Download Application
3/3/30 Year ARM 0 3.875% 3.806% $4.70 Up To $3,000,000 Contact Us Download Application
5/1/30 Year ARM 0 4.000% 3.949% $4.77 Up To $3,000,000 Contact Us Download Application
5/5/30 Year ARM 0 3.625% 3.894% $4.56 Up To $3,000,000 Contact Us Download Application
7/1/30 Year ARM 0 4.000% 3.963% $4.77 Up To $3,000,000 Contact Us Download Application
10/1/30 Year ARM 0 4.125% 4.060% $4.85 Up To $3,000,000 Contact Us Download Application

*Select a product to view assumptions and important disclosure information.

APR=Annual Percentage Rate. Payments shown do not include applicable taxes and insurance.  Actual payment obligation will be greater.  Above rates, APRs and terms apply to 1-4 family, investment contract sales, and refinances under a Business Entity in amounts up to $3,000,000 on properties throughout New Jersey, Brooklyn, Queens, Manhattan, Staten Island, Bronx, Rockland or Westchester County, New York and Bucks County PA. Rates are subject to change without notice. Property Insurance required. Flood Insurance may be required. All loans are subject to credit approval.

Program Property Location Income Limits Features
First Time Homebuyer

Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Sussex or Union County

No Income Limitations

  • Rate Discount w/Auto-Deduct*
  • Half of Application Fee Waived
  • 10% Down w/No PMI
  • Relaxed Qualifying Standards
Home Helper

Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Sussex or Union County

Bergen, Passaic, Hudson:
$63,440
Essex, Sussex, Morris, Hunterdon, Union:
$78,880
Somerset, Middlesex:
$86,480
Mercer:
$84,640

  • Discounted Rates May Apply
  • No Application Fee
  • 10% Down w/No PMI
Community Worker

Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Sussex or Union County

No Income Limitations

  • Rate Discount w/Auto-Deduct*
  • No Application Fee
  • 10% Down w/No PMI
Neighborhood

Must be Located in Low to Moderate Income Geography in Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Sussex or Union County

No Income Limitations

  • Discounted Rates May Apply
  • No Application Fee
  • Owner-Occupied: 10% Down w/No PMI
  • Investment: 20% Down
Home Enhancer

Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Sussex or Union County

No Income Limitations

  • Borrow up to 30% of Improved Value
  • Option to Roll Construction Fees into Mortgage Loan

*Rate discount does not apply to 30 year fixed rate.

All loans are subject to credit approval.