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The best tools for any first time home buyer is a great realtor and a great loan officer. Learn what you need to do and stick to the plan. Many lenders are raising their FICO requirements to 640 and tightening further on the guidelines so you really need to plan ahead to get a loan. Best advice I can give today is start a savings account immediately - if your rent is $700 a month and you want to take out a mortgage to end with a $1200 monthly payment - put $500 a month into the savings account. Savings history is an under-writers best friend.
That being said Mass Housing is a great program. Also check out homepath.com this is Fannie Mae forclosed properties and a single family owner occupied home can be purchased with as little as 3 percent down, no appraisal and no mortgage insurance!
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