Question 1

Can I get an ITIN loan without a credit score?

Accepted Answer

Yes, lenders accept alternative credit documentation like utility bills, rent receipts, and insurance payments. Building 12 months of documented payment history strengthens applications significantly.

Question 2

How much down payment do ITIN loans require in Fowler?

Accepted Answer

Most ITIN lenders require 15-25% down payment. Larger down payments often unlock better interest rates and may reduce overall loan costs.

Question 3

Do ITIN loans have higher interest rates?

Accepted Answer

ITIN loans typically carry rates 0.5-2% higher than conventional mortgages due to specialized underwriting. Strong credit and larger down payments minimize the rate difference. Rates vary by borrower profile and market conditions.

Question 4

Can self-employed ITIN holders qualify?

Accepted Answer

Yes, self-employed borrowers qualify using tax returns or bank statements showing consistent income. Two years of business history and documented deposits strengthen applications.

Question 5

What properties qualify for ITIN loans in Fresno County?

Accepted Answer

ITIN loans work for single-family homes, condos, townhomes, and multi-unit properties up to four units. Both primary residences and investment properties qualify throughout Fresno County.

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