Can anyone qualify for a mortgage?

The ability to qualify for a mortgage primarily hinges on a person's credit history. Lenders typically assess an individual's credit report to determine their creditworthiness, which includes their credit score, payment history, total debt load, and other factors that indicate how reliable they are as borrowers. A strong credit history suggests a lower risk to the lender, enhancing the chances of obtaining a mortgage loan.

While income is a critical component of mortgage qualification, it is not solely determinative. Individuals with poor credit histories may have difficulty securing a mortgage, regardless of their income level, as lenders are wary of potential repayment issues. This makes credit history a pivotal factor in the mortgage qualification process.

The other options suggest that while income or credit score can influence the amount someone can borrow, they do not capture the fundamental reality that a poor credit history can outright disqualify potential borrowers. Additionally, the notion that only those with a high net worth can qualify is not accurate; many lenders are willing to work with individuals who have lower net worth but good credit histories if they meet other required criteria like stable income and debt-to-income ratios.