Loading
ITIN Loans in Parlier
Parlier's agricultural economy employs thousands who file taxes with an ITIN instead of a Social Security number. These borrowers have steady income and pay taxes but get shut out by conventional lenders.
ITIN loans exist specifically for this gap. You prove income through tax returns, W-2s, or bank statements. Most of our Parlier ITIN buyers work in farming, food processing, or construction.
You need a valid ITIN, 15-20% down payment, and 620+ credit score. Most lenders want two years of tax returns showing consistent income. If you don't file returns, bank statement programs can work.
Employment history matters more than documentation status. Lenders look for 24 months in the same job or industry. Self-employed borrowers qualify with business bank statements showing regular deposits.
About 15 of our 200+ wholesale lenders offer ITIN loans. Each has different credit and down payment requirements. Some accept 15% down with strong credit. Others want 20% but approve lower scores.
Rate pricing runs 0.5-1.5% above conventional loans. That's the cost of specialty underwriting. Shop multiple lenders because pricing spreads wide on ITIN programs.
Most Parlier ITIN buyers earn good income but lack borrowing history. Start building credit 12 months before you apply. Secured credit cards and auto loans help. Pay every bill on time.
Tax returns create problems when income looks low on paper. Many clients claim maximum deductions to reduce tax bills. That hurts mortgage applications. You need to balance tax strategy with loan qualification two years out.
Foreign National Loans work if you live outside the US but want Parlier investment property. They require 25-30% down and don't need US credit. Bank Statement Loans help if your tax returns show minimal income but deposits prove earning power.
Asset Depletion Loans qualify you based on savings instead of income. If you have $200,000 in the bank but minimal W-2 income, lenders calculate monthly income from your assets. Works for retirees or business owners with cash.
Parlier home prices run lower than Fresno, making the 15-20% down payment more achievable. A $250,000 home needs $37,500-$50,000 down. Properties here appraise consistently because inventory is limited.
Agricultural income creates seasonal employment patterns. Lenders underwrite harvest workers differently than year-round packinghouse employees. Year-round W-2s qualify easier than seasonal 1099 income. Show 24 months of consistent work.
Most lenders require two years. A few accept one year if you have 20%+ down and 680+ credit. Bank statement programs skip tax returns entirely.
Not always. Some lenders accept international credit reports or alternative tradelines like utility bills and rent receipts. Expect higher rates without US credit.
ITIN rates run 0.5-1.5% above conventional loans. Rates vary by borrower profile and market conditions. Strong credit and 20% down gets you closer to conventional pricing.
Yes, with two years of business tax returns showing profit. Bank statement programs work if returns show minimal income due to deductions. Need 12-24 months of deposits.
30-45 days from application to closing. Verification takes longer than conventional loans because underwriters review tax transcripts and employment manually. Start early.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.