Question 1

Can I get an ITIN loan in Cerritos with 15% down?

Accepted Answer

Yes, but only with 680+ credit and strong bank statements. Most lenders require 20% down for scores below 680.

Question 2

Do ITIN loans in Cerritos require tax returns?

Accepted Answer

No. Lenders underwrite using 12-24 months of bank statements showing deposits and withdrawals. Tax returns help but aren't required.

Question 3

What's the typical rate for ITIN loans in Los Angeles County?

Accepted Answer

Expect 6.5-8.5% with 20% down and 640+ credit. Rates vary by borrower profile and market conditions.

Question 4

Can I use foreign income for an ITIN loan in Cerritos?

Accepted Answer

Yes, if deposits show consistently in US bank accounts for 12+ months. Documentation must prove income source and stability.

Question 5

How long does ITIN loan approval take in Cerritos?

Accepted Answer

Allow 30-45 days from application to closing. Bank statement review and asset verification add time compared to conventional loans.

ITIN Loans in Cerritos: Home Financing Without a Social Security Number