Skip to content
Purchase Mortgage Loan
Get Pre-Approved

First-time home buyer programs in Amesbury Town, MA

Quick answer

First-time buyers in Amesbury Town, MA can use 3%-down conventional loans (up to the $962,550 Essex County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 2 verified city, county or statewide assistance programs. On the $475,400 median home, 3% down is about $14,262 and the estimated payment is $3,932/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $100,599; value-to-income ratio 4.73. Amesbury Town ranks 52 by home value and 75 by population among 89 places in our MA dataset.

What does a first-time buyer loan cost on a typical Amesbury Town home?

ItemAmesbury Town
Median home value (Census ACS)$475,400
Massachusetts median home value$525,800
Down payment (3%)$14,262
Loan amount$461,138
Estimated monthly payment (PITI + MI)$3,932
Income needed (28% / 36%)$169,000 / $132,000
Essex County 2026 conforming limit (1 unit)$962,550
Max purchase price at the limit$992,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Massachusetts's 1.11% effective property tax rate (Census ACS), $2,134/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Amesbury Town?

Amesbury Town is in Essex County. Conventional 3%-down loans go up to the $962,550 conforming limit (price ≈ $992,000); FHA loans go up to $962,550.

The Amesbury Town median home value of $475,400 is 10% below the Massachusetts median, and within what the county limit supports.

Which down payment assistance programs can Amesbury Town buyers use?

First-time buyer loans in nearby cities

NewburyportHaverhillMethuen TownLawrenceDanversGloucester

First-time buyer loan FAQs for Amesbury Town

On the $475,400 median: 3% conventional ≈ $14,262, 3.5% FHA ≈ $16,639, and 0% for eligible VA or USDA buyers. Conventional loans above $962,550 in Essex County become jumbo loans.

At the $475,400 median value (below the Massachusetts median of $525,800), the estimated payment of $3,932/month at 7.18% needs about $169,000 a year under the 28% housing guideline, or $132,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 2 statewide programs are verified for this city (2 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

Get matched with First-time buyer lenders in Amesbury Town

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.