Are You a Community Worker?
You may qualify for discounted loan rates,, plus No Application Fee and a Low 10% Down Payment with No PMI. Explore our 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.
Home Financing
Whether you are buying a new home or looking to refinance, you’ve come to the right place. From application through closing, our friendly team of experts is with you every step of the way. Experience diamond service, every time.
Why Choose a Fixed Rate Mortgage from Spencer?
- Fixed Monthly Payments
- Variety of Terms Available
- Stability, Predictability and Easy Budgeting
- Personal Quotes and Pre-Qualifications Available
Take the Next Step Closer to Home
*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 10%. 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 rate, APR and terms apply to 1-2 family owner-occupied contract sales and refinances in amounts up to $766,550. Property insurance required. Flood insurance may be required. Home values are subject to appraisal. Fees: Attorney Review Fee is $325. All loans are subject to credit approval. Community Worker Eligibility Requirements: Applicants must be employed in Bergen, Essex, Hudson, Mercer, Middlesex, Morris, Passaic, Somerset or Union County as a healthcare worker, police officer, firefighter, DPW worker, borough employee, teacher or other working the education system to qualify for an additional .125% rate discount with auto deduct of monthly payments from a Spencer checking account, a lower 10% down payment requirement and a waived Application Fee.