Question 1

Can I use an ITIN loan for a Concord condo purchase?

Accepted Answer

Yes, ITIN loans work for condos, single-family homes, and multi-units up to four units. Some lenders require warrantable condo status and HOA review.

Question 2

What interest rate should I expect on an ITIN loan in Concord?

Accepted Answer

Rates typically run 1-2% above conventional loans, varying by credit score and down payment. A 680 score with 15% down gets better pricing than 620 with 10% down.

Question 3

Do I need a U.S. credit history for an ITIN loan?

Accepted Answer

You need a credit score, which requires some U.S. credit history. Alternative credit like rent and utility payments can help build your file.

Question 4

How long does ITIN loan approval take in Contra Costa County?

Accepted Answer

Full approval takes 2-3 weeks with complete documentation. Closings run 30-45 days from accepted offer to funding.

Question 5

Can self-employed ITIN borrowers qualify in Concord?

Accepted Answer

Absolutely. Self-employed borrowers use tax returns or 12-24 months of bank statements to document income, depending on lender requirements.

ITIN Loans in Concord — Finance Your Home Without a Social Security Number