Question 1

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

Accepted Answer

Yes. ITIN loans are designed for exactly that. You'll need tax returns, a down payment, and verifiable income.

Question 2

How much do I need for a down payment?

Accepted Answer

Most ITIN lenders require 15-25% down. Putting 20% down gives you access to more programs and better rates.

Question 3

Do I need a U.S. credit score to qualify?

Accepted Answer

Not always. Some lenders accept alternative credit like utility payments or rental history. Ask us which lenders allow this.

Question 4

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes. ITIN is a non-QM product, so rates run higher. Rates vary by borrower profile and market conditions.

Question 5

What documents do ITIN lenders typically require?

Accepted Answer

Expect two years of tax returns filed with your ITIN, proof of income, and bank statements. Some lenders add more.

Question 6

Can I refinance later with an ITIN loan?

Accepted Answer

Yes. Some borrowers refinance into a conventional loan once they build U.S. credit history. That's a smart long-term move.

ITIN Home Loans in Eureka, CA