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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.
ITIN Loans in Calabasas
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.
Local decision guide
Use this guide to connect itin loans eligibility, lender expectations, and local market factors before comparing payment options 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.
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.