Question 1

Can I buy a home in Oakland with just an ITIN?

Accepted Answer

Yes. ITIN loans are built for exactly this situation. You don't need a Social Security number to qualify.

Question 2

How much do I need to put down on an ITIN loan?

Accepted Answer

Most programs require 20-25% down. Some lenders offer lower down payment options, but expect higher rates.

Question 3

Do I need a credit score for an ITIN loan?

Accepted Answer

Most lenders want 620 or above. Some accept 600. Thin credit files can sometimes use alternative tradelines.

Question 4

How long does my ITIN need to be established?

Accepted Answer

Lenders typically want 2 years of tax returns filed under your ITIN. A newer ITIN makes approval harder.

Question 5

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Question 6

Can I use rental income to qualify for an ITIN loan in Oakland?

Accepted Answer

Some ITIN lenders allow rental income. You'll need documentation — typically lease agreements and bank deposits.

ITIN Home Loans in Oakland, CA