Andover Mortgage Loan Programs
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    Andover Mortgage
    Ten Teaberry Lane
    Andover, MA 01810

    ph: 978.974.0000
    fax: 978.974.9199

    Andover Mortgage Corporation
    Corporate License:
    NMLS #2116

    Licensed Mortgage Broker
    NMLS #12801

    Richard Roda
    Loan Originator:
    NMLS #12801

    We arrange but
    do not make loans.


    Massachusetts License:
    #MB 2116

    ©1999-2018
    Andover Mortgage Corp.
    All Rights Reserved










Descriptions of AMC Loan Programs

PROGRAM LOAN RANGE
30-Year Fixed (Conforming) $0-417,000 (single family)*
Special Notes: Financing available for up to 95% of the value of a home purchase. Ideal for someone planning to stay in their home for 5 years or more. Provides the lowest payment because payments are stretched out over 30 years.
PROGRAM LOAN RANGE
20-Year Fixed (Conforming) $0-417,000 (single family)*
Special Notes: Financing available for up to 95% of the value of a home purchase. Builds equity faster than a 30-year mortgage. Ideal for someone planning to stay in their home for 10 years or more. Rate is generally 1/8 point better than a 30-year mortgage.
PROGRAM LOAN RANGE
15-Year Fixed (Conforming) $0-417,000 (single family)*
Special Notes: Financing available for up to 95% of the value of a home purchase. Rate is generally 1/2 point better than a 30-year fixed mortgage. Builds substantial equity in your house faster than the 30- or 20-year mortgages. Ideal for someone not planning to move from their home.
PROGRAM LOAN RANGE
1-Year ARM (Conforming) $0-417,000 (single family)*
Special Notes: Financing available for up to 90% of the value of a home purchase. Provides the lowest rate and lowest payment. Ideal for someone who is planning to be in the home for 3 years or less or believes rates will be going substantially lower in the next three years.

*$0-533,850 (two family)
*$0-645,300 (three family)
*$0-801,950 (four family)

PROGRAM LOAN RANGE
30-Year Fixed (Jumbo) $0-1,000,000
Special Notes: Ideal for someone planning to stay in their home for 5 years or more. Provides the lowest payment because payments are stretched over 30 years.
Financing available for:
95% of value up to $300,000
90% of value up to $350,000
80% of value up to $650,000
70% of value up to $1,000,000
PROGRAM LOAN RANGE
20-Year Fixed (Jumbo) $0-1,000,000
Special Notes: Builds equity faster than a 30-year mortgage. Ideal for someone planning to stay in their home for 10 years or more. Rate is generally 1/8 point better than a 30-year mortgage. Financing available for:
95% of value up to $300,000
90% of value up to $350,000
80% of value up to $650,00
70% of value up to $1,000,000
PROGRAM LOAN RANGE
15-Year Fixed (Jumbo) $0-1,000,000
Special Notes: Rate is generally 1/2 point better than a 30-year fixed mortgage. Builds substantial equity in your house faster than the 30- or 20-year mortgages. Ideal for someone not planning to move from their home.
Financing available for:
95% of value up to $300,000
90% of value up to $350,000
80% of value up to $650,000
70% of value up to $1,000,000
PROGRAM LOAN RANGE
1-Year ARM (Jumbo) $0-1,000,000
Special Notes: Provides the lowest rate and lowest payment. Ideal for someone who is planning to be in the home for 3 years or less or believes rates will be going substantially lower in the next three years. Provides lowest rate and lowest payment.
Financing available for:
95% of value up to $300,000
90% of value up to $350,000
80% of value up to $650,000
70% of value up to $1,000,000