Mortgage Broker in Danvers, MA
Nearly one Danvers home in five is a condominium. Which association it belongs to can decide which loans are available on it, so we check the building before you make an offer.
Free Quick Chat
Tell us the building. A licensed loan officer calls you back. No credit pull to start.
We can pre-qualify you and show you options from several lenders. GoldCoast is a mortgage broker, not a lender.Thank you
Your request is in. A licensed loan officer will call you back, usually the same day. If it’s urgent, call 978-922-4446.
Figures from Redfin (three months to August 31, 2026), the Division of Local Services FY2026 parcel counts, HUD’s FHA-approved condominium database read October 7, 2026, and the DLS tax rate file.
Danvers Mortgages in 2026
Jumbo Line by Units
A jumbo loan is larger than the conforming limit for its county and unit count, and comes with stricter rules and a bigger down payment. Essex County’s 2026 limits rise with the units.
| One unit | $962,550 |
|---|---|
| Two units | $1,232,250 |
| Three units | $1,489,500 |
| Four units | $1,851,100 |
The Danvers median is well under the one-unit line.
Mostly Houses and Condos
Danvers is houses and condominiums, and the loan rules diverge sharply between them. Fiscal 2026 parcel counts.
| Single-family | 6,173 |
|---|---|
| Condominium | 1,722 |
| Two-family | 434 |
| Three-family | 79 |
What Affects a Danvers Loan
Two Approved Projects
Danvers has 1,722 condominium parcels and exactly two projects holding current FHA project approval. Most of the larger associations let theirs lapse.
What that does to a 3.5 percent down payment
It doesn’t close the door. FHA has a separate single-unit approval route for a building whose whole project isn’t approved, and a conventional loan with a low down payment often works. It does mean the building has to be checked before you’re under agreement.
No Station Here
Danvers has no commuter rail stop. The Boston commute starts with a four-mile drive to Beverly Depot, about 41 minutes to North Station, or 4.35 miles to Salem, the faster ride at 35 to 40.
Why a commute reaches your loan
A second car is a monthly payment, and monthly payments set what you can borrow. Three MBTA bus routes serve Danvers and all three end at Lynn or Salem, so most Boston commutes here start in a car.
Rate Went Down
Danvers cut its residential rate from $10.99 to $10.65 per $1,000 for fiscal 2026.
Why your escrow may not follow
A tax rate and a tax bill are different numbers. Values moved too, so a lower rate doesn’t mean a smaller escrow line. We run the bill on the house you’re looking at.
Danvers Flood Zones
flood insurance policies are in force across Danvers, and the town’s own plan counts five repetitive-loss structures, all of them homes. Most of the town is Zone X, minimal hazard.
Exposure here is street by street rather than neighbourhood by neighbourhood. 40 Water Street is Zone AE and inside the regulatory floodway, while 10 Water Street, a few hundred yards up the same street, is Zone X. Pan the map to your street, or send us the address.
Check an address with usLive FEMA flood layer. Official determinations: FEMA's Map Service Center.
Danvers Loan Details
Town Water, Town Sewer
Danvers runs its own water and sewer, and sells water to Middleton too. Supply comes mostly from Middleton Pond. About 8,300 properties are on town sewer against roughly 8,380 on town water, so a typical purchase skips the well test and the septic inspection.
Eligible Next Door
No Danvers address qualifies for USDA's zero-down rural loan. Wenham, Middleton and Topsfield all border the town and are mostly eligible, with the line a tenth of a mile away in places. Eligibility is decided per address.
Never an Override
State records show no Proposition 2 1/2 override, underride or debt exclusion for Danvers. Voters turned down the Community Preservation Act on May 2, 2023, 1,517 to 1,323, so there's no CPA surcharge on the bill.
| Flood zones | 205 flood insurance policies in force, five repetitive-loss homes. Map above. |
|---|---|
| Tax rate | $10.65 per $1,000 residential, $18.59 commercial (fiscal 2026), down from $10.99. |
| MBTA Communities zoning | Compliant since March 17, 2025. A 104.4-acre district allows 1,553 homes as of right. |
| Commute | No station in town. Beverly Depot is four miles away, about 41 minutes to North Station. |
| Deeds recorded at | Southern Essex Registry, 100 Cummings Center, Beverly. |
Run Your Closing Costs
Danvers' $10.65 rate, four months of escrow and the Southern Essex registry fees, on any price you type.
What will closing cost in Danvers?
Start from Danvers's median price or type your own. Every line below is an estimate you can adjust.
Prefilled with the Danvers median. Change it to the house you are actually looking at.
Changes the loan amount, which moves several buyer line items.
| Line item | Estimate |
|---|---|
| Total | $0 |
The property tax, the deed excise and the recording fees above use Danvers's own figures: its current tax rate, its median sale price and the fees charged at its registry of deeds.
Talk to GoldCoast about your home ownership planAn estimate, not a quote. GoldCoast Mortgage Service is an independent mortgage brokerage, so we shop your loan across lenders rather than selling one bank's product. We can pre-qualify you and put real numbers against the house you are actually looking at.
An estimate, not a quote. Your Loan Estimate from the lender is the real number.
From Renting in Danvers to Owning
Two numbers settle it: the payment your rent would cover, and the cash to close. The calculator above covers the cash. These cover the rest.
Why a Local Broker
- We shop your loan across many lenders. A bank can only offer its own.
- We're four miles from Danvers at 100 Cummings Center in Beverly, in the same building as the registry where your deed gets recorded.
- A licensed loan officer picks up, not a call center.
Loan officers John Donlon, owner (NMLS #4931), Jeff Rolke (NMLS #1217216) and Matthew Teeter (NMLS #20485).
"John Donlon and his team at GoldCoast Mortgage are amazing to work with and made the whole process incredibly easy!!"Fred Berg, Google review
- A 15-minute quick chatNo credit pull to start.
- Your pre-qualificationWhat each loan type would cost on this home.
- We shop the lendersYou choose the loan and terms that fit.
Danvers Mortgage Questions
Can I use an FHA loan on a Danvers condo?
Sometimes. Only two projects in town hold current FHA project approval, so for most buildings the route is FHA's single-unit approval or a conventional loan with a low down payment.
Is my street in a flood zone?
Probably not, and it's worth checking. Of 44 Danvers addresses we ran against FEMA's map, ten came back in a high-risk zone and thirty-four didn't, including several that look riverfront.
How do buyers here get to Boston?
By car to Beverly Depot or Salem, then the train. Beverly Depot is four miles away and about 41 minutes to North Station. Salem is 4.35 miles and the faster ride at 35 to 40 minutes.
Check the Building First
A Danvers condominium's association can decide which loans are available on it. Send us the address and we'll tell you before your offer goes in.
Nearby: Wenham · Peabody · Topsfield · Middleton · Hamilton · Lynnfield · Refinancing in Danvers · Every town we serve
GoldCoast Mortgage Service, Inc., 100 Cummings Center, Suite 544H, Beverly, MA 01915. 978-922-4446.
NMLS #1841. Massachusetts Division of Banks Mortgage Broker License #MB1841. GoldCoast is a mortgage broker, not a lender. Loan approval, rates and terms are set by the lender.