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Andover, MA FHA Loans in Massachusetts

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

 

FHA loans offer Andover, MA residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

Return to fha loans in the state of MA

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Andover, Massachusetts News
Andover DPW director asks for $250,000 sewer flusher truck

A $250,000 sewer flusher truck may be coming to a manhole near you. For three years, Andover public works Director Jack Petkus has lobbied the town to purchase the maintenance vehicle, which uses pressurized ...


Andover trio stars in Lawrence Academy play

Caron, Leed, O'Connor take the stage in 'The Visit' Andover students Tim Caron, Bernie Leed and Jen O'Connor appeared this month in Lawrence Academy's presentation of Friedrich Durrenmatt's "The Visit." The ...


Andover woman convicted of faking asbestos training

Federal prosecutors say hundreds of immigrant workers were sent on asbestos removal jobs without required training by a Massachusetts woman convicted of falsifying their records.


New faces behind the shields

Sworn into the Andover Police Department on Oct. 29: Patrol Officer Matthew Hughes, graduated Lowell Police Academy Oct.


Replacing Bancroft School: Combining schools, moving Bancroft, swapping land all discussed

If you have strong feelings about what Andover should do about the structurally challenged Bancroft Elementary School, the School Building Committee wants to hear them.


Andover selectmen hear arguments from home, business owners over taxes

Homeowners and members of the business community each argued against an increased tax burden last night at the Board of Selectmen's annual tax classification hearing.


The town at their fingertips: Town manager visits Sanborn to show kids town Web site

Town Manager Buzz Stapczynski visited the Sanborn Elementary School technology lab to introduce the children to the town of Andover's Web site last Thursday, Nov.


Employee, two others charged in grocery store robbery

Police say a robbery at Market Basket yesterday turned out to be an inside job involving the store employee who made the 911 call to report the heist.


Former Phillips student named king of Bhutan

Where in the world is Bhutan? Bhutan is a tiny, remote and impoverished country surrounded by China, India, Bangladesh and Nepal.


A middle school fair to remember

Shoppers at next week's holiday craft fair at Doherty Middle School might have the song "It's Beginning to Look a Lot Like Christmas" running through their minds, as they peruse 20 booths of crafts, holiday ...


Web Extra: Q and a with rising Andover rocker Martin Johnson

The Andover Townsman caught up with Martin Johnson, frontman for the band Boys Like Girls, for a Q+A: What would you be doing right now, if you weren't in Boys Like Girls? Either being on a street corner ...


Web Extra: Selectmen coverage: Plan for projects smallest in 10 years, more

Billerica power plant update Tom Carbone, Andover's director of public health, gave an update on the Billerica Energy Center, a proposed natural gas-burning power plant to be built on the Billerica/Tewksbury ...


a Taste of Success: Attendees enjoy new location of Taste of the Andovers

If this were a restaurant review, five stars would go all around. Nibblers at the Taste of the Andovers seemed thrilled with the new location, the bigger sitting area, the ample parking and, of course, the ...


'Think globally, sing locally': Church coffee house to benefit the Samaritan Teen Line

The Ballard Vale United Church will present "Think Globally, Sing Locally," a coffeehouse, on Saturday, Nov.


Warm reception: Walk raises money to heat homes

Walkers of all ages rounded the track at Doherty Middle School on Sunday, Nov. 2, for the "Move Your Feet to Turn on the Heat" walk-a-thon. The event, organized by the social action committee at Temple Emanuel, ...


School Lunch menus

Here's what's for lunch in the Andover public schools next week, Nov. 10-14: Elementary schools Monday: Breakfast egg-and-sausage burrito, french toast with syrup, bagel and yogurt, red bliss home fries, ...


Lest We Forget: A look at Nov. 11, 1918 and the 89 years of Andover Veterans Day traditions

At exactly the 11th hour on the 11th day of the 11th month an armistice was signed in 1918, marking the end of World War I. The news reached Andover at 3:50 a.m. and before daylight, a spontaneous celebration ...


More on Election: L'Italien defeats Brennan in 18th Essex district

Andover's precincts 1, 7 and 8 helped re-elect Barbara L'Italien for state representative of the 18th Essex district, a gerrymandered district that stretches across parts of six towns.


Lawrence fire claims beloved Andover bagger, mom: Andover dispatchers start fund

Last weekend started out as a typical one for 20-year-old Sean Cahalane. On Saturday, Nov.


More on Election: Andover students choose Obama in mock elections

Several schools around town staged mock elections, as an exercise for students to learn about candidates and the electoral process.


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