Question 1

Can I get an ITIN loan with seasonal agricultural income?

Accepted Answer

Yes, if your tax returns show two years of steady annual income. Lenders average your income across 24 months to account for seasonal gaps in employment.

Question 2

What down payment do I need for an ITIN loan in Huron?

Accepted Answer

Most lenders require 15-20% down. Some accept 10% with strong credit above 680 and 12 months of payment reserves in the bank.

Question 3

Do ITIN loans work for investment properties?

Accepted Answer

Some lenders allow it with 25-30% down. You'll need higher credit scores and more reserves than primary residence purchases require.

Question 4

Can I refinance with an ITIN loan?

Accepted Answer

Yes, both rate-and-term and cash-out refinances are available. Cash-out is capped at 70-75% loan-to-value with most ITIN lenders.

Question 5

How do ITIN loan rates compare to conventional mortgages?

Accepted Answer

Rates typically run 1-2% higher as of February 2026. The premium reflects limited lender competition and portfolio lending risk, not your creditworthiness.

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