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ITIN Loans in Culver City
Culver City attracts international professionals working in tech and entertainment who often hold ITIN numbers instead of SSNs. These borrowers face identical home prices as everyone else but fewer financing options.
Most conventional lenders reject ITIN applicants automatically. We connect you with specialized non-QM lenders who underwrite based on tax returns and payment history, not immigration status.
You need a valid ITIN, two years of filed tax returns, and typically 15-20% down payment. Credit scores start at 680 for most programs, though some lenders accept 640 with compensating factors.
Documentation includes federal tax returns showing two years of self-employment or W-2 income reported under your ITIN. Lenders verify income through IRS transcripts, not pay stubs or employer verification.
Fewer than 30 lenders in our network offer ITIN loans, compared to 150+ for conventional mortgages. Rate differences typically run 1-2% higher than conforming loans due to limited secondary market buyers.
Shopping matters more here than conventional financing. One lender might quote 8% while another offers 7.25% for identical borrower profiles. We compare all active ITIN programs to find the lowest approved rate.
Banks won't tell you this, but ITIN borrowers with strong financials often qualify for better terms through bank statement programs instead. If you've filed taxes showing lower income to minimize tax burden, bank statement loans might approve higher loan amounts.
Culver City's competitive market means you need pre-approval before viewing properties. Most ITIN lenders take 3-5 business days for initial approval compared to same-day conventional pre-approvals. Start your application before house hunting.
Foreign National loans require 30-40% down but accept income earned outside the US without tax return requirements. ITIN loans need less cash down but require US-filed tax returns showing sufficient income.
Bank Statement programs also accept ITIN holders and might approve larger loans if your business deposits exceed reported taxable income. Asset Depletion loans work for ITIN holders with significant liquid assets but limited documented income.
Culver City condos under $800K create the most accessible entry point for ITIN borrowers facing 15-20% down payment requirements. Studio and one-bedroom units concentrate in downtown and near the Expo Line stations.
Property taxes here run 1.1-1.2% of purchase price annually, and most ITIN lenders require 6-12 months reserves beyond down payment and closing costs. Budget an extra $30K-$50K in liquid assets beyond your down payment for qualification.
Some lenders approve 15% down with strong credit above 700 and significant reserves. Rates increase approximately 0.25-0.5% compared to 20% down programs.
No. Lenders verify income and creditworthiness through tax returns and credit history. Immigration status does not affect loan approval or terms.
ITIN loan rates typically run 1-2% higher than conventional conforming loans. Rates vary by borrower profile and market conditions based on credit score and down payment.
Yes. ITIN refinance programs exist for rate-and-term or cash-out refinancing. You need the same documentation as purchase loans plus current mortgage payment history.
Most lenders require 680 minimum. Some accept 640 with larger down payments above 25% and strong compensating factors like substantial reserves.
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.