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Long Beach has a large immigrant population that built businesses and raised families here without traditional documentation. ITIN loans exist because you pay taxes, have income, and deserve access to homeownership.
Most conventional lenders won't touch ITIN borrowers. That's where wholesale non-QM lenders fill the gap—they underwrite differently and focus on payment history over SSN status.
ITIN Loans in Long Beach
You need a valid ITIN, proof of income through tax returns or bank statements, and typically 15-20% down payment. Credit history matters—alternative credit like rent and utility payments can substitute for traditional scores.
Most lenders want 620+ credit scores, but some programs accept 580 if compensating factors exist. Two years of tax filing history helps, though some lenders approve with one year plus strong reserves.
Local decision guide
Use this guide to connect itin loans eligibility, lender expectations, and local market factors before comparing payment options in Long Beach.
Long Beach has a large immigrant population that built businesses and raised families here without traditional documentation. ITIN loans exist because you pay taxes, have income, and deserve access to homeownership.
Most conventional lenders won't touch ITIN borrowers. That's where wholesale non-QM lenders fill the gap—they underwrite differently and focus on payment history over SSN status.
You need a valid ITIN, proof of income through tax returns or bank statements, and typically 15-20% down payment. Credit history matters—alternative credit like rent and utility payments can substitute for traditional scores.
About 20-30 of our 200+ wholesale lenders offer ITIN programs, and their requirements vary significantly. Some want W-2 income only, others accept 1099 or business revenue through bank statements.
Rate premiums run 0.5-1.5% above conventional loans because of portfolio risk. We shop across lenders to find the tightest pricing for your specific income documentation and down payment.
ITIN borrowers often have cleaner financials than W-2 earners—they know every tax filing gets scrutinized. The challenge is matching your documentation type to the right lender's program, not proving you can pay.
Long Beach properties in the $500K-$700K range work well for ITIN loans. Higher prices strain debt ratios with the rate premium, and sub-$400K deals often get better terms through community lending programs.
Foreign National loans don't require U.S. tax history but need 30-40% down. ITIN loans reward your years of filing by accepting 15-20% down and better rates.
Bank Statement loans work if you're self-employed with an ITIN—12-24 months of deposits replace tax returns. Asset Depletion loans let retirees with significant savings qualify on assets instead of income.
Long Beach neighborhoods like Central, West Side, and North Long Beach have active ITIN buyer markets. Appraisers familiar with these areas help—some underwriters flag properties they don't understand as higher risk.
Los Angeles County transfer taxes and fees add to closing costs. Budget 2.5-3% of purchase price for closing, slightly higher than conventional loans due to lender fees on non-QM products.
Yes, through alternative credit—12 months of rent, utilities, phone, and insurance payments establish payment history. You'll need documentation like cancelled checks or bank statements.
Most programs want 1-2 years of tax returns filed with your ITIN. Bank statement programs exist if you're self-employed and prefer not to use tax returns for qualifying income.
Expect 0.5-1.5% above conventional rates. Your down payment, credit score, and income documentation type affect pricing—rates vary by borrower profile and market conditions.
Yes, both rate-term and cash-out refinances work. You need 20% equity minimum for cash-out, 15% for rate-term, plus the same income documentation as purchase loans.
Non-QM underwriting runs 3-5 weeks versus 2-3 weeks for conventional. Allow extra time for alternative credit verification and manual income calculation from tax returns or bank statements.