Question 1

Can I buy in Ferndale with just an ITIN?

Accepted Answer

Yes. ITIN loans are designed for borrowers without a Social Security number. You'll need filed tax returns and a valid ITIN.

Question 2

How much do I need for a down payment?

Accepted Answer

Most ITIN programs require 15-20% down. Some lenders go higher depending on your credit and income profile.

Question 3

Do Ferndale's older homes cause loan problems?

Accepted Answer

They can. Non-QM lenders still require sound property condition. A pre-inspection before applying saves time.

Question 4

How long does ITIN loan approval take?

Accepted Answer

Non-QM loans typically close in 21-30 days. Rural appraisals in Humboldt County can add time.

Question 5

Will my ITIN loan rate be higher than conventional?

Accepted Answer

Yes. ITIN loans are non-QM, so rates run higher than conventional. Rates vary by borrower profile and market conditions.

ITIN Home Loans in Ferndale, CA