A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.

So what does it take to obtain a Boston condo mortgage? Many potential Boston condo buyers are uncertain about the process. Today, I’ll provide you with a short outline of the process:

  1. In order to qualify for a Boston condo mortgage you’ll need to show that you saved  enough for a down-payment. The good news, 73% of all Boston condo buyers made a downpayment of less than 30%, with many only putting down 3%. The main point, is to show you have stable income and a good credit history.
  2. Find out your credit score. According to recent surveys, the average credit score for a first time home buyer was 724. If you’re lower than that, don’t panic. Take steps to improve your credit score. Example, cancel and payoff some of your credit cards, especially store credit cards. For more steps you can take please call me at 617-595-3712.
  3. Gather your financial documentation. This would include pay stubs, W-2 and tax returns for the last 3 years. It would also include: credit reports. credit history, rental history, assets and bank statements showing how much money you save per month.
  4. Contact a bank or mortgage representative about a pre-approval letter showing how much money you are qualified to borrow.
  5.  Contact Ford Realty to set up appointments to view Boston condos for sale.

For more information on how to be a Boston condo owner please contact John Ford at 617-720-5454. You can also email at realtyford@yahoo.com

Back to Boston condos for sale homepage

Contact me to find to set up an appointment to start your Boston condo buying process.

Boston condos

Boston condos for sale


For more information please contact one of our on-call agents at 617-595-3712.

Updated: January 2018

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



Call Now