Mortgages in Salem, NH
Tom helps Salem buyers and homeowners finance single-family homes, condos and two- to four-unit buildings, from Salem Depot to the Canobie Lake area.
By Tom MacDonald, Loan Officer · Tax rate from NH DRA, 2025Elite Mortgage GroupNMLS #2748687Company NMLS #2502308MBR
No credit pull to start · Options from 45 lenders · Call or text 603-851-4982
What should buyers know about Salem?
Looking for a mortgage in Salem, NH? Tom MacDonald, a loan officer with Elite Mortgage Group, helps buyers and homeowners in Salem and nearby towns with purchase loans, refinancing and pre-approvals, comparing options from 45 lenders. Salem's 2025 total property tax rate is $18.16 per $1,000 of assessed value (NH DRA). See every Rockingham County town's rate.
Salem sits in the southwest corner of Rockingham County, and its southern border follows the Massachusetts line. It is the first New Hampshire town on I-93 northbound, with Exits 1 and 2, and Routes 28, 38, 97 and 111 also serve the town. Canobie Lake Park dates to 1902. Other landmarks include America's Stonehenge, the Mall at Rockingham Park and Tuscan Village, a mixed-use development on the former Rockingham Park racetrack.
Census estimates for 2017 to 2021 put about 7 in 10 of Salem's 12,888 housing units in single-family homes. The rest are mostly in larger buildings, with smaller shares in two- to four-unit buildings and mobile homes, and Tuscan Village adds condos and apartments. Financing could range from a standard purchase loan to condo financing or a loan on an owner-occupied multi-unit home.
FHA-approved condos: HUD lists 3 approved condo complexes in Salem (October 2026). See the list.
Salem has Canobie Lake Park, open since 1902, and Tuscan Village, with shops and restaurants on the old Rockingham Park racetrack. The Mall at Rockingham Park and America's Stonehenge are here too. It's the first New Hampshire town on I-93 northbound.
Tom also works across Rockingham County and nearby towns, including Windham, Derry, Pelham, Plaistow and Atkinson.
Neighborhoods and areas
- Salem Depot
- North Salem
- Millville
- Canobie Lake
- Tuscan Village
Is there a loan officer in Salem, NH?
Yes. Tom MacDonald is a loan officer with Elite Mortgage Group, a mortgage broker at 300 Elm Street in Milford, NH, and he works with buyers and homeowners in Salem on purchase loans, refinancing and pre-approvals. He's available 7 days a week by phone or text at 603-851-4982. Thomas MacDonald, NMLS #2748687 · Company NMLS #2502308MBR.
Which loan programs fit buyers in Salem?
- Conventional. Single-family homes make up most of Salem's housing units.
- Condo financing. Tuscan Village includes condos, which may need project approval.
- FHA for 2 to 4 units (multi-family). 703 units are in two- to four-unit buildings, where an owner could live in one unit.
- Investment property loans (DSCR). Those two- to four-unit buildings could also be bought as rentals.
As a mortgage broker, Elite Mortgage Group works with 45 mortgage lenders, so Tom can shop your loan with many of them at once. Eligibility and terms vary by lender and program.
For buyers and homeowners in Salem
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Buying or refinancing in Salem?
Tell Tom a little about your plans and he'll follow up personally. There's no credit pull to start.
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Helpful guides
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Close to Salem
See all 57 townsShow fewer
- Litchfield
- Hudson
- Merrimack
- Amherst
- Hollis
- Weare
- Londonderry
- Nashua
- Manchester
- Bedford
- Concord
- Milford
- Hooksett
- Goffstown
- Dover
- Rochester
- Exeter
- Hampstead
- Portsmouth
- Hampton
- Stratham
- Durham
- Bow
- Pembroke
- Auburn
- Chester
- Raymond
- Kingston
- Brookline
- New Boston
- Newmarket
- Epping
- Seabrook
- Rye
- North Hampton
- Greenland
- Somersworth
- Barrington
- Sandown
- Hopkinton
- Nottingham
- Newton
- Deerfield
- Allenstown
- Fremont
- Danville
- Brentwood
- Candia
- Wilton
- Mont Vernon
- Lyndeborough
Compare towns, with tax rates and loan limits
Own a business in Salem? The free NH Business Hub is open to every local business.
Common questions about buying in Salem
Don't see yours? Call or text Tom or browse more answers.
Who is a local mortgage loan officer for Salem, NH?
Tom MacDonald, a loan officer who lives in Litchfield, NH. He works with Elite Mortgage Group, a mortgage broker at 300 Elm Street in Milford, NH, and helps buyers and homeowners in Salem compare loan options from 45 lenders. NMLS #2748687 · Elite Mortgage Group NMLS #2502308MBR. Call or text 603-851-4982, or read more about Tom.
What is the property tax rate in Salem, NH?
Salem's 2025 total tax rate is $18.16 per $1,000 of assessed value, set by the NH Department of Revenue Administration. On a home assessed at $100,000, that comes to $1,816 a year. The payment calculator fills in Salem's rate for you.
What are mortgage rates like in Salem, NH?
Mortgage rates follow national markets, so they don't change much from Salem to other New Hampshire towns. What differs is how each lender prices your loan, based on your credit, down payment, loan program and the property. Tom compares pricing from the 45 lenders Elite Mortgage Group works with for your scenario on the same day. What does change by town is property tax: at Salem's 2025 rate, each $100,000 of assessed value adds about $151 a month to your payment. The NH mortgage rates guide explains what sets your rate.
What are the 2026 loan limits in Salem?
Salem is in Rockingham County, where the 2026 one-unit FHA limit is $962,550 and the conforming limit is $962,550. Loans above the conforming limit are jumbo loans. The FHA guide and the loan limit guide have the details.
Which loan programs fit homes in Salem?
Programs that often fit in Salem include Conventional, Condo financing, FHA for 2 to 4 units (multi-family) and Investment property loans (DSCR). The loan programs section above explains why each may suit Salem's homes, and Tom can compare them for your situation.
How much is the transfer tax when you buy in Salem?
New Hampshire's real estate transfer tax is the same in Salem as everywhere in the state: $0.75 per $100 of the price, charged to both the buyer and the seller at closing. See the transfer tax calculator or the closing costs guide.
How do I get pre-approved to buy in Salem?
Start with a short conversation with Tom about your plans for Salem. It doesn't pull your credit. Then you complete Elite Mortgage Group's secure application, Tom reviews your income, assets and credit, and you get a pre-approval letter to send with your offers. The pre-approval guide lists the documents to gather.
Ready when you are
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