Question 1

Can I get an ITIN loan with no credit score?

Accepted Answer

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.

Question 2

Do ITIN loans require tax returns?

Accepted Answer

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.

Question 3

What interest rates do ITIN loans have?

Accepted Answer

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.

Question 4

Can I refinance with an ITIN loan?

Accepted Answer

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.

Question 5

How long does ITIN loan approval take?

Accepted Answer

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.

ITIN Loans in Long Beach — Homeownership Without a Social Security Number