Buying your dream home means huge amount of cash and lots of other expenses. Taking a home loan is the first and last idea that comes to your mind. And indeed a mortgage is the usual procedure which millions think when it comes to buying a home. And all are aware that getting a home loan is not an easy task. Yet, you opt for it. Home is considered a good investment for your future. While you shop for home loans you will come across several types of mortgages. The mortgages are available from different lenders. And rate of interest, terms and provisions vary from lender to lender. But most of them require some basic criteria that you need to fulfill to avail a loan. Before being considered a fit applicant for a loan, lenders access these criteria and decided the risk factors associated in providing a home loan to you. The most basic qualifications that you would require to get a home loan are - steady job, your stable income, credit score and down payment you are willing to pay. If it is a secured home loan, collateral is a must option to qualify for the mortgage. Steady job is an inevitable prerequisite for taking home loan. The lender wants assurance that the borrower has a steady job and would be able to pay back the mortgage amount. Steady job doesn’t mean simply having a good job. It also means your permanency record. If you switch jobs too frequently, lenders sense doubt in your stability and prefer not to offer loans. Most lenders prefer that a borrower has been working with a particular employer for at least two years. If your employment history is promising and steady, lenders feel less reluctant to offer mortgages.