Features

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 across the USA (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 mortgage company 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.

Does Mortgage Network charge prepayment fees?

Yes, Mortgage Network charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does Mortgage Network offer?

Mortgage Network offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • VA

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 

  • Institution Type
    Direct Lender
  • Intended Use
    Primary Home
  • Primary Residence
  • Estate/Trust/Retirement
  • Loan Amount
    Up to $3000000
  • APR
    Starting at 3.245%
  • Terms
    10, 15, 20, 25, 30
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