Question 1

Can I get an ITIN loan with less than 20% down?

Accepted Answer

Yes, some lenders approve 15% down for strong credit and stable income. Expect higher rates below 20% down. Rate pricing improves significantly at 25% down.

Question 2

Do ITIN loans check immigration status?

Accepted Answer

No. Lenders verify income and creditworthiness only. Your ITIN and tax returns prove you're paying into the system, which is what matters for loan approval.

Question 3

What if I've only filed one year of tax returns?

Accepted Answer

Most lenders require two years, but a few accept one year with 25%+ down and 680+ credit. You'll have fewer options and higher rates with shorter history.

Question 4

Can I refinance an existing mortgage with an ITIN?

Accepted Answer

Yes, rate-and-term refinances work the same as purchases. Cash-out refinances typically cap at 70% loan-to-value and need stronger credit than purchase loans.

Question 5

Do ITIN loans allow gift funds for down payment?

Accepted Answer

Most lenders accept gift funds from immediate family with a signed letter. The donor doesn't need a Social Security number. You still need reserves in your own accounts.

ITIN Loans in Kerman: Mortgage Financing Without a Social Security Number