Spring is a peak home buying season, but for some, a low credit score may make it difficult for their dream home to become a reality. Nearly a third of millennials(ages 18-34) hope to purchase a home within the next year, but more than 40% may not have the credit to do so, according to a survey from TransUnion, a leading credit bureau.

In contrast, the survey found older people's intent to purchase a home better aligns with their financial standing. For example, 17% of those 35-54 said they plan to buy a home within the next year...the same percent that has a super prime credit score...and attractive trait for mortgage lenders.

What markets are heating up? The Northeast is a hot market, according to TransUnion findings, with 25% of respondents indicating intent to purchase a home in the region. The West was a close second, with 24%, followed by the South with 21% percent and 15% of the people of the Mid-West.

If you're planning to purchase a home this year, these are the important tips to help make your dream home a reality:

1) Applying for a mortgage? Mortgage lenders will look at your credit score and report when you apply for a mortgage, so make sure your information is up to date. Its' best to check your report three months before you start looking at new homes to make sure your score is in a healthy range.

2) Build Credit: Consumers with low or no credit should take steps to build a healthy credit score. How? Paying bills on time, making sure you're keeping a low credit utilization ratio, and even asking your landlord to report rent payments to a credit bureau are all ways you can build credit.

3) Shop around: Research mortgage rates and interest rates to receive a competitive offer. Lenders will check your score and report to make sure you will be able to pay back the mortgage loan.

4) Make a financial plan: Putting down a larger down payment will lower your monthly mortgage payment, but don't put down more than you can afford. Also keep in mind that you will need funds for closing costs, including a home inspection and appraisal that many times needs to be paid out of pocket before you can purchase your home.

5) Keep an open mind: It may take time to build credit and save enough money for a down payment. Even if your finances aren't in shape for a home now, it doesn't mean home ownership isn't a realistic possibility for the future. Happy Hunting!

This information was supplied by the HLN newspaper, a division of the Nashua Telegraph