Properties in Needham 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.
Welcoming community where kids ride bikes to school
Family-friendly suburb with excellent schools, safe neighborhoods, and strong community
Median home built in 1960. 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 (1960)
Total insurance cost over 30-year mortgage (equivalent to 0.1% 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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