A low rate and short term means a faster payoff, which can save you thousands in interest! With local, trusted guidance the whole way plus NO CLOSING COSTS, you can't afford to not take advantage of these historically low rates!
2.74%APR* 10-Year Fixed Rate
3.24%APR* 15-Year Fixed Rate
3.49%APR* 20-Year Fixed Rate
No Closing Costs
- Lower rate
- Short term
- Fast payoff
- Local, trusted guidance the whole way
- Access to our special 2.00% APY** Affinity Checking (on balances up to $10,000)
Speak with an Andover lending expert for details. We’re committed to helping you make the best borrowing decision.
Making happy homeowners since 1884.
Apply online or in person
Apply Now Check Today's Rates Calculate Your Payment
*Annual Percentage Rates (APR) and interest rates include a preferred rate reduction of 0.25% for automatic payments from an Andover Bank checking product and are accurate as of 4/7/2021. Refinances only, $30,000 new money with a maximum loan amount of $200,000. Maximum 80% loan to value, first lien position on an owner occupied primary residence. All payments exclude taxes and insurance thus your payment will be greater than disclosed. Flood insurance may be required. Subject to credit approval with credit score of 740 or above. Bank paid closing costs include drive-by appraisal fee, flood zone determination, tax service fee, limited lien search and government recording charges. Costs for optional services and interest due at closing are not included. If this loan is paid off within the first 36 months, you agree to reimburse Andover Bank the third party origination fees the bank paid on your behalf, up to $500. Limited time offer. Loan available under $30,000 new money with borrower paid closing costs. Payment example: On a 10 year fixed rate loan with a base loan amount of $100,000 with an interest rate of 2.740% and an APR of 2.740%, the monthly payment would be $953.65. On a 15 year fixed rate loan with a base loan amount of $100,000 with an interest rate of 3.240% and an APR of 3.240%, the monthly payment would be $702.18. On a 20 year fixed rate loan with a base loan amount of $100,000 with an interest rate of 3.490% and an APR of 3.490%, the monthly payment would be $579.45. ** Annual Percentage Yield (APY) is accurate as of 4/7/2021. This is a variable rate account and the interest rates and APYs may change at any time. Fees may reduce earnings. $0 minimum to open and $0.01 minimum balance to earn stated APY. To earn premium rate, account requirements must be met. Account requirements include, 12 debit card (POS) transactions of $10 or more to post and clear each statement cycle, and receiving e-statements.