Company Profile
Merrimack Mortgage Company, Inc.
Company Overview
Merrimack Mortgage is located in Manchester, New Hampshire, and has been originating, purchasing and servicing residential mortgages since 1983. The company specializes in originating owner-occupied loans, second home loans and investment property loans. The company is licensed in New Hampshire, Maine, Massachusetts, Rhode Island, Vermont, Connecticut, and Florida. Merrimack's loans are originated through the company's branches, and we also purchase loans from banks, other mortgage bankers and mortgage brokers throughout the region.
Merrimack Mortgage contributes to the health and growth of the region's economy by offering many types of loan products to its customers, including conventional fixed rate loans, adjustable rate loans, jumbo loans, Federal Housing (FHA) loans and loans guaranteed by the Veterans Administration. In addition, on the state level, the company participates in homeowner programs offered by the New Hampshire Housing Finance Authority as well as the State of Maine Housing Authority. For many families, whether they are just starting out or entering their golden years, Merrimack Mortgage makes the classic American dream of home ownership a reality. The company also helps customers refinance home mortgages in order to lower mortgage payments or make other dreams come true, such as a college education or home improvement.
Merrimack Mortgage's main office is located in a historic building in the heart of Manchester's downtown district. The six-story Chase Building was first erected in 1860 and is listed on the U.S. National Historic Register of Places. Extensive renovations in 2000 restored the exterior's original appearance, which features architecturally significant details such as fleur-de-lis flourishes and a brick facade. The building has won five historic preservation awards.
The very nature of Merrimack Mortgage's business - residential home ownership - provides the company with a unique perspective on the two biggest necessities in life. While one of those necessities is shelter, the other vital component to a happy home life is food. In order to provide the local community with the second necessity, the company regularly donates funds to local programs. In times of need, Merrimack Mortgage has ventured beyond its immediate area of business to offer contributions in other parts of the country. For example, the company contributed to various New York City charities for the benefit of those directly affected by the September 11th tragedy.
Merrimack Mortgage is proud of its work and continues to grow along with the region it serves. Since 1999, our volume levels have increased almost ten-fold, from 150 million in mortgage loans in 1999 to 1.25 billion in 2003.
Company History
Merrimack Mortgage Company, Inc. has been servicing the Mortgage Banking community in New England since 1983.