APR = Annual Percentage Rate. Spencer refinances are not eligible for the 5 year program. Application Fees as follows - loans above $150,000 up to $249,999: $175 (1 family), $350 (2-4 family). Lines of $250,000 or more: $250 (1 family) $350 (2-4 family); however, if the line is secured by a property in excess of 2,800 square feet a fee of $400 will be charged. Commitment Fee of $125 will be charged on all loans. Property Insurance required. Flood Insurance may be required. Payments shown do not include applicable taxes and insurance. Rates are subject to change without notice.