What is one primary consideration when obtaining a home loan?

When obtaining a home loan, one primary consideration is the borrower's credit history. Lenders assess the credit history to determine the borrower's creditworthiness and ability to repay the loan. A good credit history indicates that the borrower has successfully managed debt in the past, which can lead to more favorable loan terms such as lower interest rates and higher loan amounts. Lenders will often require a credit score as part of the application process, making this factor critical in the decision-making process for both the borrower and the lender.

Personal preferences, while relevant to the overall buying experience, do not have an impact on the loan approval process. Similarly, the location of the property is important for valuing the home but is secondary to the borrower's financial background. Additionally, the realtor’s commission is related to the real estate transaction costs rather than the loan itself, and does not affect the ability to secure a loan. Thus, the borrower's credit history stands out as the most crucial factor when seeking a home loan.