Question 1

Can I buy a home in El Centro with just an ITIN?

Accepted Answer

Yes. A valid ITIN plus two years of tax returns is the baseline. You don't need a Social Security number.

Question 2

How much do I need to put down for an ITIN loan?

Accepted Answer

Most programs require 10-20% down. Stronger credit and more reserves can help you qualify toward the lower end.

Question 3

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, ITIN loans are non-QM products and carry higher rates. Rates vary by borrower profile and market conditions.

Question 4

What if I don't have a credit score?

Accepted Answer

Some lenders build a credit profile from rent, utility, and phone payment history. Ask us which lenders accept alternative credit.

Question 5

Can self-employed borrowers use an ITIN loan?

Accepted Answer

Yes. Self-employed ITIN borrowers can often use bank statements to document income instead of traditional tax transcripts.

Question 6

Do any local banks in El Centro offer ITIN loans?

Accepted Answer

Unlikely. ITIN loans are non-QM products, and most local banks don't carry them. Wholesale lenders are the right channel.

ITIN Home Loans in El Centro, CA