Question 1

Can I buy a home in Union City with just an ITIN?

Accepted Answer

Yes. ITIN loans are designed for borrowers without an SSN. You'll need tax returns, a down payment, and verifiable income.

Question 2

Do I need to be a U.S. citizen to qualify?

Accepted Answer

No. ITIN loans don't require citizenship or permanent residency. Legal presence and income documentation matter most to lenders.

Question 3

How much do I need to put down?

Accepted Answer

Most ITIN programs require 10-20% down. Higher down payments often get you better rates and easier approval.

Question 4

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM products carry more lender risk. Rates vary by borrower profile and market conditions.

Question 5

Can I use rental income to qualify?

Accepted Answer

Some lenders allow it. You'd need documented rental history and it must appear on your tax returns.

Question 6

What if my tax returns show low income due to deductions?

Accepted Answer

Ask about bank statement programs. Some lenders qualify self-employed ITIN borrowers on 12-24 months of deposits instead.

ITIN Home Loans in Union City, CA