Question 1

Can I get an ITIN loan with 10% down in Placerville?

Accepted Answer

Some lenders approve 10% down with 700+ credit and 12 months reserves. Most require 15-20% for standard terms.

Question 2

Do I need perfect tax returns to qualify?

Accepted Answer

No. You need consistent filing history. Lenders verify income from your returns, not judge your tax strategy.

Question 3

How long does ITIN loan approval take?

Accepted Answer

Figure 30-45 days. Tax return verification adds time compared to W-2 loans, but organized docs help.

Question 4

Can I refinance my existing mortgage with an ITIN?

Accepted Answer

Yes. Rate-and-term refis work the same as purchase loans. Cash-out refis typically cap at 70% loan-to-value.

Question 5

What if I have both W-2 and self-employment income?

Accepted Answer

Lenders count both. Your tax returns show the full picture. Mixed income is common and doesn't hurt approval.

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