Spencer Savings Bank, SLA mortgage approval rate & lending review
Spencer Savings Bank, SLA decided 530 mortgage applications and funded 403 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Spencer Savings Bank, SLA reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Spencer Savings Bank, SLA at a glance
Approval is 3.5 points above the 75.8% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 86% | 96 / 112 | 93% | $425K | 89 |
| Home improvement loans | 69% | 109 / 158 | 96% | $85K | 105 |
| Cash-out refinance | 92% | 35 / 38 | 100% | $165K | 35 |
| Refinance | 76% | 41 / 54 | 98% | $75K | 40 |
| Investment property purchase | 90% | 103 / 115 | 97% | $335K | 100 |
Spencer Savings Bank, SLA lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New Jersey | 79% | $335K | 524 | 398 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Spencer Savings Bank, SLA lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Bergen County, NJ | Home improvement loans | 70% | 63 | 42 |
| Middlesex County, NJ | Investment property purchase | 85% | 27 | 22 |
| Bergen County, NJ | Refinance | 71% | 21 | 15 |
| Passaic County, NJ | Home improvement loans | 58% | 26 | 14 |
The county markets where Spencer Savings Bank, SLA made the most loans. Each link opens that market with every lender ranked.
Questions about Spencer Savings Bank, SLA
What is Spencer Savings Bank, SLA's mortgage approval rate?
Spencer Savings Bank, SLA approved 79.2% of the 530 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.5 points above the 75.8% national rate for the same mix of loan types.
How often do borrowers take the loan Spencer Savings Bank, SLA offers?
Borrowers accepted 96% of the loans Spencer Savings Bank, SLA approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Spencer Savings Bank, SLA make?
The typical home improvement loan loan Spencer Savings Bank, SLA made was $85K; across all loan types its typical loan ran from $75K to $425K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Spencer Savings Bank, SLA lend?
Spencer Savings Bank, SLA decided applications in 3 of the states Fat Boy Data covers, most of them in New Jersey, New York and Pennsylvania.
Can I apply to Spencer Savings Bank, SLA directly?
Yes. Spencer Savings Bank, SLA is a bank or credit union with 28 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Spencer Savings Bank, SLA's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Spencer Savings Bank, SLA treats applications, then get a rate quote from the lender.