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yellow home with green grass and brick path. sign on lawn says "House For Sale"

Spring is a popular time for people to start thinking about purchasing a new home in Massachusetts and around the country. Alongside the anticipation that comes with this endeavor are many questions: Can I afford this? Am I really ready? How do I find and finance the perfect home?

Once you’ve finished saving for your purchase, use this important information and advice to make the big buy a successful one.

Know Your Credit Score

Having a good credit score makes buying a home and acquiring a lower mortgage easier because it reflects how well you manage your debt. You are entitled to one free credit report every 12 months from each of the three national consumer reporting companies: Experian, Equifax, and TransUnion. Take advantage of these resources to better understand how you can strengthen your credit as a potential home buyer as well as track any discrepancies that need correcting before you start applying for a mortgage.

Take the Time to Find the Best Mortgage for You

Take the time to shop for the best mortgage possible. While first-time home buyers in Massachusetts aren’t eligible for direct mortgages from the Department of Housing and Community Development (DHCD), there are many state and federal mortgage resources available:

Find Any Additional First-Time Home Buyer Resources

After choosing your mortgage, you’ll need to figure out a few other important things such as how to confirm a mortgage lender or broker’s license and deciding whether or not to lock in your mortgage rate. To make these decisions easier, take advantage of the many first-time buyer resources available, including:

Have you already started your home buying process? What are you most looking forward to? Let us know in the comments below or tweet us, @MassGov.

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