Question 1

Can I buy a home in Clovis with just an ITIN?

Accepted Answer

Yes, ITIN loans specifically serve borrowers without Social Security numbers. You'll need a valid ITIN, tax returns, proof of income, and typically 15-25% down payment to qualify.

Question 2

What credit score do ITIN borrowers need in Clovis?

Accepted Answer

Most lenders require 620 or higher credit scores for ITIN loans. Some programs accept alternative credit histories when traditional credit files are thin or limited.

Question 3

How long does ITIN loan approval take?

Accepted Answer

Expect 45-60 days for complete processing. Having organized documentation including two years of tax returns and bank statements ready accelerates the timeline significantly.

Question 4

Are ITIN loan rates higher than conventional mortgages?

Accepted Answer

Rates vary by borrower profile and market conditions. Well-qualified ITIN borrowers often receive rates within 0.5-1.5% of conventional loans, especially with strong documentation and larger down payments.

Question 5

What property types qualify for ITIN loans in Clovis?

Accepted Answer

ITIN loans cover single-family homes, condos, and multi-unit properties up to four units. Property must meet standard appraisal requirements and serve as your primary residence.

ITIN Loans in Clovis: Homeownership Without a Social Security Number