Properties in Swampscott 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.
North Shore beach town adjacent to Marblehead but more accessible. Beautiful coastline, Fish Beach, and ocean views without the yacht club exclusivity. Family-friendly with character.
Swampscott gives you North Shore beaches without Marblehead prices or attitude. It's the friendly beach town where locals actually use Fish Beach and neighbors wave hello.
Swampscott has a high concentration of pre-1940 homes (21.5%). 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 (1948)
Total insurance cost over 30-year mortgage (equivalent to 0.4% of home value)
This home costs $1,889 more per year to insure than a newly built home. Over 30 years, that's $56,670 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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