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Click here for our Home Equity RatesSpencer offers a wide array of mortgage products to meet all your borrowing needs. Our mortgage experts take the time to get to know you and your needs so we can match you with the right mortgage for your unique situation. Whether you're looking to buy a new home, build that dream home you've always wanted, or simply save more money by refinancing your current mortgage, Spencer has the right loan for you.
Fixed Mortgage Rates
Rates as of 12/13/2012| Loan Type | Points |
Interest Rate |
APR | Fees In APR | Information |
| 30 Year Fixed | 0.00 | 3.625% | 3.643% | 245.00 | Loan Amounts Up To $417,000 |
| 30 Year Fixed | 0.00 | 3.625% | 3.640% | 245.00 | Loan Amounts $417,001 Up To $1,000,000 |
| 30 Year Fixed | 0.00 | 3.875% | 3.890% | 245.00 | Loan Amounts $1,000,001 Up To $1,500,000 |
| 30 Year Fixed | 0.00 | 4.125% | 4.141% | 245.00 | Loan Amounts $1,500,001 Up To $2,000,000 |
| 20 Year Fixed | 0.00 | 3.500% | 3.526% | 245.00 | Loan Amounts Up To $417,000 |
| 20 Year Fixed | 0.00 | 3.500% | 3.522% | 245.00 | Loan Amounts $417,001 Up To $1,000,000 |
| 20 Year Fixed | 0.00 | 3.750% | 3.772% | 245.00 | Loan Amounts $1,000,001 Up To $1,500,000 |
| 20 Year Fixed | 0.00 | 4.000% | 4.022% | 245.00 | Loan Amounts $1,500,001 Up To $2,000,000 |
| 15 Year Fixed | 0.00 | 2.850% | 2.878% | 245.00 | Loan Amounts Up To $417,000 |
| 15 Year Fixed | 0.00 | 2.850% | 2.874% | 245.00 | Loan Amounts $417,001 Up To $1,000,000 |
| 15 Year Fixed | 0.00 | 3.100% | 3.123% | 245.00 | Loan Amounts $1,000,001 Up To $1,500,000 |
| 15 Year Fixed | 0.00 | 3.350% | 3.374% | 245.00 | Loan Amounts $1,500,001 Up To $2,000,000 |
| 10 Year Fixed | 0.00 | 2.800% | 2.839% | 245.00 | Loan Amounts Up To $417,000 |
| 10 Year Fixed | 0.00 | 2.800% | 2.832% | 245.00 | Loan Amounts $417,001 Up To $1,000,000 |
| 10 Year Fixed | 0.00 | 3.050% | 3.081% | 245.00 | Loan Amounts $1,000,001 Up To $1,500,000 |
| 10 Year Fixed | 0.00 | 3.300% | 3.332% | 245.00 | Loan Amounts $1,500,001 Up To $2,000,000 |
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Above rates, APRs and terms apply to NJ single family, owner-occupied contract sales and refinances in amounts up to $2,000,000 on properties throughout New Jersey. (Please contact us for rate information on loans over $2,000,000.) Private Mortgage Insurance is available for down payments less than 20%. Rates may vary subject to loan amount, loan-to-value ratio, purpose of loan, credit rating, etc. and are subject to change without notice. The APR may vary. Payments shown do not include applicable taxes and insurance. Actual payment obligation will be greater. Property Insurance required. Flood Insurance may be required. APR = Annual Percentage Rate.
Fees: Attorney Review Fee $325, Final Inspection Fee $120, Appraisal Fee $350 (1 family) or $550 (2-4 family), Flood Certification Fee $17 and Application Fee $125.50. 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 the initial Truth in Lending Disclosure. In addition, there is a Credit Report Fee ($11.25 per borrower) due and payable to Spencer at time of application. These fees are non-refundable. A Rate Lock Fee of one half of a percent (.500) of the loan amount (refunded at closing) must be paid at time of rate lock. |
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Adjustable Mortgage Rates
Rates as of 12/13/2012| Adjustable Rates | Points |
Interest Rate |
APR | Fees In APR | Information |
| 1/1 ARM | CALL | FOR | RATES | 245.00 | Loan Amounts Up To $2 Million |
| 3/1 ARM | CALL | FOR | RATES | 245.00 | Loan Amounts Up To $2 Million |
| 5/1 ARM | CALL | FOR | RATES | 245.00 | Loan Amounts Up to $2 Million |
| 5/5 ARM | CALL | FOR | RATES | 245.00 | Loan Amounts Up To $2 Million |
| 7/1 ARM | CALL | FOR | RATES | 245.00 | Loan Amounts Up To $2 Million |
| 10/1 ARM | CALL | FOR | RATES | 245.00 | Loan Amounts Up To $2 Million |
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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. Private Mortgage Insurance is available for down payments less than 20%. Rates may vary subject to loan amount, loan-to-value ratio, purpose of loan, credit rating, etc. and are subject to change without notice. The APR may vary. Payments shown do not include applicable taxes and insurance. Actual payment obligation will be greater. Property Insurance required. Flood Insurance may be required. APR = Annual Percentage Rate.
Fees: Attorney Review Fee $325, Final Inspection Fee $120, Appraisal Fee $350 (1 family) or $550 (2-4 family), Flood Certification Fee $17 and Application Fee $125.50. 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 the initial Truth in Lending Disclosure. In addition, there is a Credit Report Fee ($11.25 per borrower) due and payable to Spencer at time of application. These fees are non-refundable. A Rate Lock Fee of one half of a percent (.500) of the loan amount (refunded at closing) must be paid at time of rate lock. |
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Investment Mortgage Rates
Rates as of 12/13/2012| Investment Rates | Points |
Interest Rate |
APR | Fees In APR | Information |
| 30 Year Fixed Investment | 0.00 | 4.125% | 4.142% | 210.00 | Loans Up To $750,000 |
| 20 Year Fixed Investment | 0.00 | 4.000% | 4.024% | 210.00 | Loans Up To $750,000 |
| 15 Year Fixed Investment | 0.00 | 3.3500% | 3.376% | 210.00 | Loans Up To $750,000 |
| 10 Year Fixed Investment | 0.00 | 3.300% | 3.335% | 210.00 | Loans Up To $750,000 |
| 1/1/30 ARM Investment | 0.00 | 3.750% | 3.881% | 210.00 | Loans Up To $750,000 |
| 3/1/30 ARM Investment | 0.00 | 3.750% | 3.863% | 210.00 | Loans Up To $750,000 |
| 3/3/30 ARM Investment | 0.00 | 4.000% | 3.920% | 210.00 | Loans Up To $750,000 |
| 5/1/30 ARM Investment | 0.00 | 3.125% | 3.625% | 210.00 | Loans Up To $750,000 |
| 5/5/30 ARM Investment | 0.00 | 3.625% | 3.962% | 210.00 | Loans Up To $750,000 |
| 7/1/30 ARM Investment | 0.00 | 3.375% | 3.656% | 210.00 | Loans Up To $750,000 |
| 10/1/30 ARM Investment | 0.00 | 3.875% | 3.892% | 210.00 | Loans Up To $750,000 |
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Above rates, APRs and terms apply to 1-4 family, investment contract sales and refinances in amounts up to $750,000 on properties throughout New Jersey. Rates are subject to change without notice. The APR may vary. Payments shown do not include applicable taxes and insurance. Actual payment obligation will be greater. Property Insurance required. Flood Insurance may be required. APR = Annual Percentage Rate.
Fees: Application Fee of $615 (1 family), $635 (Condo/Townhouse) or $715 (2-4 family) must be paid at time of application. Attorney Review Fee of $325 is due and payable after acceptance of commitment. These fees are non-refundable. A Rate Lock Fee of one half of a percent (.500) of the loan amount (refunded at closing) must be paid at time of rate lock. |
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