Question 1

Can I buy in San Leandro without a Social Security number?

Accepted Answer

Yes. ITIN loans are specifically designed for this. You file taxes with your ITIN and use it to qualify for the mortgage.

Question 2

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

Accepted Answer

Most ITIN programs require 10-20% down. A larger down payment can offset a lower credit score.

Question 3

What documents do ITIN lenders require?

Accepted Answer

Expect two years of ITIN tax returns, proof of employment or self-employment, and bank statements showing reserves.

Question 4

Are ITIN mortgage rates higher than conventional rates?

Accepted Answer

Yes. ITIN loans are non-QM, so rates run higher than conventional. Rates vary by borrower profile and market conditions.

Question 5

Can self-employed ITIN borrowers qualify in San Leandro?

Accepted Answer

Yes. Bank statements can supplement your ITIN tax returns. Self-employed borrowers close these deals regularly.

ITIN Home Loans in San Leandro, CA