Properties in Boston typically require jumbo financing with stricter underwriting, larger down payments (20–25%+), and higher reserve requirements.
Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.
Urban hustle, historic charm, and tech boom energy
Historic urban center with world-class amenities, cultural attractions, and prime real estate. School rating (8.0) is district average including elite exam schools like Boston Latin (#1 in MA), but admission is test-based and competitive—most neighborhood schools are rated lower.
Boston has a high concentration of pre-1940 homes (9.2%). Insurance premiums may be significantly higher ($2,800-$4,000+/year) and some carriers may decline coverage. Budget for potential remediation costs (knob-and-tube wiring, asbestos, lead paint).
Estimate your annual homeowners insurance premium
Leave blank to use town median (1928)
Total insurance cost over 30-year mortgage (equivalent to 0.2% of home value)
This home costs $1,714 more per year to insure than a newly built home. Over 30 years, that's $51,420 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.
Compare 48 high schools by SAT scores, MCAS proficiency & college enrollment
Break-even math, SALT cap impacts & decision framework for Boston buyers
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