in Home Purchase Mortgages from Mortgage NetworkUnaffiliated
|Loan Amount||Up to $3,000,000|
|APR||Starting at 3.245%|
|Loan Term (Years)||N/A|
Mortgage Network Review
Where does Mortgage Network do business?
Mortgage Network is a direct lender based in Danvers, MA. The company was founded in 1988 and offers mortgages to borrowers in 26 states (and Washington, DC).
How much can you borrow via Mortgage Network?
Mortgage Network allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What range of rates does Mortgage Network offer?
Mortgage Network offers home loans with APRs starting at 3.245% .
Does Mortgage Network charge a mortgage origination fee?
Yes, Mortgage Network may charge a loan origination fee.
What mortgage programs does Mortgage Network offer?
Mortgage Network offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Mortgage Network allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Mortgage Network allows the following property usage types:
- Primary home
- Washington, DC
- New Hampshire
- New Jersey
- New York
- North Carolina
- Rhode Island
- South Carolina
- West Virginia