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Special Homeowner Loan - Qualified borrowers
may finance up to $15,000 at a reduced rate

A Special Homeowner Loan allows you to borrow money for any worthwhile purpose, even if your house has no equity. You can borrow up to $15,000 for college tuition, home improvements and even debt consolidation.

Household income limitations apply. Here is a breakdown by county:
Bergen/Passaic - $51,840, Essex/Morris/Union - $70,720

A Special Homeowner Loan from Spencer means:
• Special low interest rate (1% discount)
• Fixed monthly payments that meet your budget
• No prepayment penalties
Interest may be tax-deductible (consult with tax advisor)

 

 
 

 

 

Equal Housing Lender | Member FDIC | Spencer Savings Bank | Subject property must be in New Jersey