Properties in Andover typically may qualify for high-balance conforming loans, though jumbo financing might be needed depending on exact property price.
Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.
Upscale North Shore town with Phillips Academy (elite prep school) giving it an ivy-covered prestige. Excellent public schools too, historic downtown, and strong community feel.
Andover has that prep school polish—Phillips Academy gives the town gravitas, but the public schools are excellent too. Think historic charm, educated populace, and North Shore refinement.
Median home built in 1965. Insurance premiums estimated at $2,200/year. Some older homes may require system updates (electrical, plumbing, HVAC).
Estimate your annual homeowners insurance premium
Leave blank to use town median (1965)
Total insurance cost over 30-year mortgage (equivalent to 0.2% of home value)
This home costs $589 more per year to insure than a newly built home. Over 30 years, that's $17,670 in additional insurance costs.
* Estimates based on Massachusetts state averages and typical underwriting criteria. Actual premiums vary by carrier, coverage limits, deductible, claims history, and credit score. For accurate quotes, contact a licensed insurance agent.
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