Question 1

Can I buy a home in Baldwin Park with just an ITIN?

Accepted Answer

Yes, ITIN loans allow you to purchase Baldwin Park homes without a Social Security number. You need a valid ITIN, income documentation, and sufficient down payment.

Question 2

What down payment do ITIN loans require in Baldwin Park?

Accepted Answer

Most ITIN lenders require 15-20% down for Baldwin Park properties. Some programs may accept lower down payments with stronger credit or compensating factors.

Question 3

How do ITIN loan rates compare to conventional mortgages?

Accepted Answer

ITIN loans typically have higher rates than conventional mortgages due to their non-QM status. Rates vary by borrower profile and market conditions.

Question 4

Do Baldwin Park lenders verify immigration status for ITIN loans?

Accepted Answer

ITIN lenders focus on your ability to repay, not immigration status. They verify income, assets, and creditworthiness through tax returns and financial documents.

Question 5

Can I refinance with an ITIN loan in Baldwin Park?

Accepted Answer

Yes, ITIN borrowers can refinance Baldwin Park properties. The same qualification requirements apply as with purchase loans.

ITIN Loans in Baldwin Park: Home Financing Without a Social Security Number