Home loans are financial aid for many individuals who like to buy a house or refinance other loan. Everybody can apply for mortgage loans as long as he meets the necessary requirements and conditions of a certain lending or bank company.   The basic qualifications of loan applicants are more on the financial status. The annual income, business present if there is any, property value, number of cars and credit history are the common requirements to provide to lenders. These are great factors that can determine if you are qualified to apply for mortgage.   There is a minimal amount of annual income required by lenders. This is what you have to find out before you apply so you can make a solution in case your salary status is not included on the brackets given.   If you are qualified to get a loan based on your income, you move to the next factor which is your credit profile. You need to have a good standing or score of all credits you have to the lending company can give you a chance to have mortgage.   You also check the number of car you have and value of property you own. These are other common qualifications to get loan approval.   All of these must be checked before you consider getting any home loan. You must provide some evidences that can make lenders believe and trust you that you are able to pay them in return.