When it comes to home buying, your credit score is one of the main factors that lenders will consider before approving a mortgage loan. However, simply owning a home does not automatically improve your credit score. In fact, taking on a large mortgage can actually lower your score in the short term because of the added debt burden.   However, consistently making on-time payments can have a positive impact on your credit in the long run. Additionally, building equity in your home can also increase your overall financial stability, eventually leading to an increase in your credit score.    So, while buying a home may not immediately boost your credit score, establishing responsible payment habits and building up equity can ultimately have a positive impact on your credit over time.