Your Salem, New Hampshire mortgage experts
Your Future Our Focus
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- monday: 8:00AM – 5:00PM
- tuesday: 8:00AM – 5:00PM
- wednesday: 8:00AM – 5:00PM
- thursday: 8:00AM – 5:00PM
- friday: 8:00AM – 5:00PM
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- Purchase
- Refinance
We’ll be with you every step of the way
Our branch of CrossCountry Mortgage, America’s #1 Retail Mortgage Lender, is a dedicated renovation team helping upgrades homes out of our Salem, NH office. We offer home purchase and refinance loans under FHA 203(k) limited, FHA 203(k) standard, FHA 203(k) energy-efficient mortgages, as well as Fannie Mae HomeStyle. The professionals on our team each have over 10 years of experience helping homeowners find the right house and finance the renovations to make it the home they are looking for.
We are proud of the expertise we bring to the table, guiding our clients through both the homebuying and renovation process. Our goal is to ensure that every homeowner finds the perfect loan option for their unique renovation project. We look forward to working with you on your renovation project!
Guides and resources
How much will my mortgage payment be?
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Meet our team
Chris Peterson
- Regional Renovation Manager
- NMLS #270325
- 254A N. Broadway
- Unit 202
- Salem, NH 03079
- [email protected]
- mobile 734-478-4600
- tel 603-685-4679
- fax 603-685-4679
Our support staff
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Frequently asked questions
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Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.
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To determine how much home you can afford, you’ll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.
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A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
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A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.
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To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthly mortgage payment calculator or connect with us to learn more.