Question 1

Can I get an ITIN loan with only one year of tax returns?

Accepted Answer

A few lenders approve strong borrowers with 12 months of filed returns and 25% down. Most require two years of ITIN tax filing history to verify stable income.

Question 2

Do ITIN loans require mortgage insurance?

Accepted Answer

No PMI exists for ITIN loans. You either put down enough to avoid it (typically 20%) or accept a slightly higher rate on a single loan with less down.

Question 3

What interest rate should I expect on a Martinez ITIN loan?

Accepted Answer

Rates vary by borrower profile and market conditions. Expect 1.5-3% above conventional rates—strong credit and larger down payments earn better pricing.

Question 4

Can I use gift funds for my down payment?

Accepted Answer

Most ITIN lenders allow gifted down payment from family members with proper documentation. The donor provides a gift letter and proof of funds transfer.

Question 5

Do I need to be a US resident to get an ITIN loan in Martinez?

Accepted Answer

No, but you need US credit history and filed tax returns. ITIN loans work for residents and some non-residents who pay US taxes.

ITIN Loans in Martinez: Home Financing Without a Social Security Number