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ITIN Loans in Calabasas
Calabasas draws international buyers and entrepreneurs who don't have Social Security numbers but want to own property here. ITIN loans let you qualify using tax returns filed with your Individual Taxpayer Identification Number.
These loans work well in markets with luxury inventory and self-employed buyers. Rates run 0.75-1.5% above conventional, but you get access to financing most banks won't offer.
Most lenders want 15-20% down and a 680+ credit score. You need two years of tax returns filed with your ITIN showing consistent income.
Debt-to-income ratios cap at 43-45% for most programs. Some lenders accept higher ratios if you have strong reserves or larger down payments.
About 30 lenders in our network handle ITIN loans, but their overlays vary widely. Some cap at $1.5 million, others go to $3 million for strong borrowers.
Portfolio lenders price these individually based on your down payment and reserves. Shopping multiple lenders can save you 0.5-0.75% on rate or reduce your required down payment by 5%.
Banks that advertise ITIN loans often decline files once they see self-employment income or gaps in tax filing. We see this weekly.
The strongest ITIN files show 24 months of reserves, consistent income trends, and tax returns filed through the same preparer. Lenders care more about documentation consistency than income size.
Bank Statement Loans need less tax documentation but require higher credit scores and down payments. Foreign National Loans work if you have no U.S. credit at all.
ITIN loans hit the middle ground—better rates than Foreign National programs, easier qualification than conventional loans. They work best when you have U.S. credit history and filed tax returns.
Calabasas sits in an area with limited ITIN-friendly appraisers who understand high-end properties. This can add 7-10 days to your closing timeline.
HOA-heavy neighborhoods here require extra documentation that some ITIN lenders won't review. A broker familiar with Los Angeles County condos and planned communities saves you from loan denials at day 25.
Most lenders require 15-20% down for ITIN loans. Some portfolio lenders accept 10% down if you have 24+ months reserves and 720+ credit.
Yes, but expect 25-30% down and rates 0.25-0.5% higher than primary residence ITIN loans. Some lenders cap investment ITIN loans at $1.5 million.
Lenders average your income across 24 months. Declining income trends trigger denials, but seasonal patterns are acceptable with proper documentation.
Expect 35-45 days from application to closing. ITIN verification and international document review add time versus conventional loans.
You can't refinance a conventional loan with an ITIN, but you can refinance an existing ITIN loan. Most borrowers refinance when rates drop 0.75% or more.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.