Mortgage Broker in Roxbury, MA
Roxbury holds more income-restricted homes than any other Boston neighborhood. When a deed caps what the house can be sold for, that one clause decides which lenders can lend on it. We shop your mortgage across many lenders and match it to the home you’re buying.
Free Quick Chat
Tell us what you’re buying or refinancing. 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.
Medians from Redfin’s neighborhood file for the three months to May 31, 2026 (34 sales, and 14 of them two- to four-unit). Restricted counts ours, from the City of Boston’s most recent published income-restricted inventory, the 2022 edition.
Roxbury Mortgages in 2026
Never a Jumbo
A jumbo loan is larger than the conforming limit for its county and unit count, and comes with stricter rules. Suffolk 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 highest price the City allows on a restricted home is $541,310, for a two-family. A restricted purchase never reaches the jumbo line.
Two Percent, Not Three
The City’s down payment help is 3 percent of the price on an open-market home and 2 percent on a deed-restricted one, for buyers under 135 percent of area median income.
| Restricted two-bedroom, $294,900 | $5,898 |
|---|---|
| Restricted two-family, $455,000 | $9,100 |
You trade part of the grant for a price the City holds down. See what fits your situation
What Affects a Roxbury Loan
Resale Price Capped
A City-assisted home carries a rider that caps what you can sell it for. The restriction runs 30 years, and the City can add 20 more.
What that means when you sell
You sell at the price the City’s certificate sets rather than at what the market offers, and your buyer has to income-qualify too. An inclusionary unit is usually restricted longer, typically 50 years. Send us the rider with the listing and we’ll read it with you.
Not Every Lender
Fannie Mae’s rules cover a one- or two-unit home under a resale restriction. Freddie Mac’s cover one unit. Same house, two different answers.
Why this is a broker's problem to solve
A bank has one rulebook, so a restricted two-family is either in it or it isn’t. We place the file with the investor whose rules fit the deed. A community land trust ground lease is stricter again. The program usually has to be approved before any lender can touch it, and you want that answer before you pay for an application.
Highland Park Review
About 1,108 parcels are inside the Highland Park conservation district. Demolition and changes in size trigger review. Appearance doesn’t, and there’s no paint, window or siding standard.
When it touches a renovation loan
The commission meets the fourth Thursday of the month, a complete application is due 15 days before, and it has 30 days to act. A renovation loan fixes its scope at closing, so an addition over 300 square feet, an added story, a roof-pitch change or taking off a porch clears that calendar first. Repairs in kind don’t need a hearing.
Roxbury Flood Zones
privately owned homes in Roxbury touch a FEMA high-risk flood zone. The neighborhood has one high-risk polygon, 12 acres of it, and it falls inside Franklin Park.
What the map does show is the lighter 0.2 percent band, which 126 parcels touch, 63 of them homes. Flood insurance isn’t federally required there. 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.
Roxbury Loan Details
No Well, No Septic
Every address here is on the Boston Water and Sewer Commission, which takes the well test and the septic inspection off the closing calendar.
No Rural Loan
USDA's zero-down loan is for rural addresses and nothing in Boston is one. The low-down-payment route here is the City's help or a 3 percent conventional loan.
Exemption Not Inherited
Boston's residential exemption cuts an owner-occupier's bill by $4,353.74, and it doesn't come with the house. You apply yourself, and until it's granted your escrow is set on the full bill.
| Flood zones | None for any private home. The one high-risk zone is 12 acres of Franklin Park. Map above. |
|---|---|
| Property tax | $12.40 per $1,000 (fiscal 2026), before the residential exemption. |
| MBTA Communities zoning | Boston sits outside the state act that carries the rule and zones under its own law. |
| Commute downtown | Ruggles to Downtown Crossing, 7 minutes on the Orange Line. From Nubian Square the Silver Line runs a median 21. |
| Deeds recorded at | Suffolk Registry of Deeds, $205 to record a mortgage |
Run Your Closing Costs
A Roxbury closing runs on Boston's tax rate and the Suffolk registry's recording fees.
What will closing cost in Boston?
Start from Boston's median price or type your own. Every line below is an estimate you can adjust.
Prefilled with the Boston 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 Boston'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 Roxbury 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 read Boston's paperwork for a living, from deed riders and the residential exemption to the Suffolk registry.
- 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.
Roxbury Mortgage Questions
Can I get a mortgage on an income-restricted home?
Yes, and the deed decides who will write it. Fannie Mae's rules reach a one- or two-unit home with a resale restriction. Freddie Mac's reach one unit, and a community land trust ground lease usually needs the program approved first. We check which one applies before you spend anything on an application.
How is a restricted home priced?
The City publishes a maximum price by bedroom count and income tier, and the seller's certificate sets the exact number for that sale. A restricted two-bedroom at 80 percent of area median income caps at $294,900 as of July 1, 2026. The appraisal is done subject to the restriction, so the loan is sized on the restricted price.
Does the Highland Park district stop me renovating?
No. Repairs in kind are exempt and there's no standard for paint, windows or siding. What needs a hearing is demolition or a change in size, and if your plan is one of those we build the commission's calendar into the loan timeline.
Start with the Deed
Send us the listing, and the rider if there is one. We'll tell you which loans fit it before you make an offer.
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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.