What Credit Score and Down-Payment Do I Need to Buy a Home in Massachusetts?

Unpacking the real requirements to become a homeowner in Massachusetts—without the overwhelm.

Conventional Loans: Usually require scores of 620–660. Higher scores typically unlock lower interest rates and better terms.
FHA Loans: Require a minimum of 580 for a 3.5% down payment; scores from 500–579 may qualify with a 10% down payment.
ONE Mortgage (MassHousing): You’ll need at least 640 for a single-family or condo, and 660 for two‑ or three-family homes, plus an approved homebuyer class.

Conventional Loans: As low as 3%, but putting down 20% helps avoid Private Mortgage Insurance (PMI).
FHA Loans: Starts at 3.5% with a 580+ credit score; up to 10% if credit is between 500–579.
USDA Loans: 0% down in qualifying rural areas of Massachusetts. Moderate credit score (often 620+) may be required.
VA Loans: 0% down available to eligible veterans and military, with variable credit requirements (often 620+).
MassHousing DPA: First-time homebuyers may qualify for down-payment assistance up to $30,000 across Massachusetts.

Loan Type	Credit Score Needed	Down Payment	Key Benefit
Conventional	620–660	3%–20%	Best rates; avoid PMI with 20% down
FHA	580+ (500+ w/10%)	3.5%–10%	Flexible credit requirements
USDA	~620+	0%	Zero down in rural areas
VA	~620+	0%	Zero down, no PMI for eligible vets
ONE Mortgage	640–660	3%–5%	Low rate, no PMI, homebuyer class
MassHousing DPA	-	Assistance up to $30K	Helps cover your upfront costs

These options make homeownership more accessible—sometimes with just a small investment upfront. Don’t let credit score myths hold you back.

As a Worcester-area real estate agent, here’s how I support you in getting a pre-approval:

Match you with the right lender to assess your credit, eligibility, and determine a budget that fits your situation.
Guide your budget and timeline, so your path to homeownership is clear, realistic, and stress-free.