Is there anything in us or about us that make us deserving of the Father’s love?
Yes, God sees value in us in the fact that we are made in the image of God, we are sons of God (via from Adam), and in the fact that we can be made into vessels of honor for the purposes of God's glory.
Yes, it is true that God died for us while we were yet sinners, but God did not die for us to remain as sinners but to be new creations in His image.
"For I know the plans I have for you,” says the LORD. “They are plans for good and not for disaster, to give you a future and a hope." (Jeremiah 29:11).
18 "And if the righteous scarcely be saved, where shall the ungodly and the sinner appear?
19 Wherefore let them that suffer according to the will of God commit the keeping of their souls to him in well doing, as unto a faithful Creator." (1 Peter 4:18-19).
I mean, why would God reward us for our acts of obedience if we are not deserving of His love? It makes no sense.
Why would God die for nothing that has value? God so loved the world that He gave His only begotten Son, so that we can have eternal life. This eternal life involves us living a Sanctified and holy life here and giving glory to Him. God knows the future and He wants us to be deserving and worthy of Him.
The time that we are said not to be worthy of Him is when Jesus says:
"He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me." (Matthew 10:37).
"And he that taketh not his cross, and followeth after me, is not worthy of me." (Matthew 10:38).