It is my understanding that the factors that are important are FICO Scores, Debt Ratio (Amount of money coming in and going out), Down Payment, then employment (many times previous job in same field counts and or schooling in same field). Also, many time reserves (money left in the bank after purchase) are required. It is harder now to qualify only because you have to be able to prove you actually can afford to purchase a home before they will lend you the money. Get together with a lender and talk to them about what you need to do to better your eligibility. Many of them can point you in the right direction as to what you can do to better qualify for a loan they can let you know if you donâ€™t qualify now, what you will need to do to be able to qualify in the future.