Question 1

Can I buy a Beverly Hills home with just an ITIN number?

Accepted Answer

Yes, if you have 12-24 months of bank statements, US credit history, and 15-25% down payment. No Social Security number needed.

Question 2

What credit score do I need for an ITIN loan?

Accepted Answer

680+ gets competitive rates. Below 640, expect higher rates and larger down payments. Some lenders go as low as 600 with 25% down.

Question 3

How much down payment do ITIN loans require in Beverly Hills?

Accepted Answer

15% minimum for primary residences under $2 million. Expect 20-30% down for higher-priced homes or investment properties.

Question 4

Are ITIN loan rates higher than conventional mortgages?

Accepted Answer

Yes, typically 1-2% higher. Non-QM loans carry premium pricing. Rate varies by credit, down payment, and property type.

Question 5

How long does ITIN loan approval take?

Accepted Answer

Plan for 45-60 days from application to closing. Documentation review takes longer than conventional loans. Start early.

Question 6

Can I use business bank statements for ITIN loan qualification?

Accepted Answer

Yes, if you own the business. Lenders apply expense ratios to gross deposits. Personal statements usually get better treatment.

ITIN Loans in Beverly Hills: Financing Without a Social Security Number