– Your credit score. In many cases, the bottom cut-off for conventional loan approvals is a credit score of 620. – Your credit history. Mortgage lenders may look more in-depth at your credit than other lenders, and you may be asked to clear up old accounts or negative items before final approval. – Your income and debt. The lender wants to ensure that you’re able to pay the required monthly amount. They’ll look at how much you make, as well as how much debt you already have—the ratio of your debt to your income. The value of the home. Typically, banks won’t approve a loan that’s for more than the value of the home in question.