Question 1

Can I get an ITIN loan with no credit score?

Accepted Answer

Most lenders require a 620 credit score minimum. If you have no score, establish credit with two secured cards and wait six months before applying.

Question 2

Do ITIN loans have higher interest rates?

Accepted Answer

Yes, expect rates 1-2% above conventional loans. That's standard pricing for non-QM products serving borrowers without Social Security numbers.

Question 3

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

Accepted Answer

Most lenders require 15-20% down. Some accept 10% if you have strong credit and income documentation. Rates vary by borrower profile and market conditions.

Question 4

Can self-employed workers in Brawley qualify for ITIN loans?

Accepted Answer

Yes, if you've filed two years of tax returns with your ITIN. Some lenders also accept bank statement programs if your tax returns understate actual income.

Question 5

How long does ITIN loan approval take?

Accepted Answer

Typical timeline runs 30-45 days. Tax return verification and ITIN validation add time compared to conventional loans that use Social Security numbers.

ITIN Loans in Brawley: Home Financing Without a Social Security Number