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Malibu's oceanfront properties attract international buyers and borrowers without SSNs. ITIN loans let you finance homes here using your Individual Taxpayer Identification Number.
Most conventional lenders won't touch ITIN deals, but specialized non-QM lenders make Malibu purchases possible. You'll need stronger financials than traditional borrowers.
Expect lenders to scrutinize your tax history and income documentation closely. Malibu's high property values mean you're likely looking at jumbo ITIN loan territory.
ITIN Loans in Malibu
You need a valid ITIN and two years of U.S. tax returns showing consistent income. Credit scores typically start at 680, though some lenders go to 660 with larger down payments.
Down payments run 15-25% depending on loan amount and credit profile. Larger properties often require 20% minimum to secure competitive rates.
Lenders verify income through tax transcripts pulled directly from the IRS. Self-employed borrowers use 1099s and Schedule C documentation just like SSN holders.
Local decision guide
Use this guide to connect itin loans eligibility, lender expectations, and local market factors before comparing payment options in Malibu.
Malibu's oceanfront properties attract international buyers and borrowers without SSNs. ITIN loans let you finance homes here using your Individual Taxpayer Identification Number.
Most conventional lenders won't touch ITIN deals, but specialized non-QM lenders make Malibu purchases possible. You'll need stronger financials than traditional borrowers.
Expect lenders to scrutinize your tax history and income documentation closely. Malibu's high property values mean you're likely looking at jumbo ITIN loan territory.
Only non-QM lenders offer ITIN loans, and not all of them service California's coastal markets. We work with about 15 lenders who actively fund in Malibu.
Interest rates typically run 0.75-2.00% higher than conventional loans with SSNs. Your tax filing history and down payment size drive the exact pricing.
Some lenders cap ITIN loans at $2M, others go to $4M. Finding the right lender matters more for Malibu deals than in lower-priced markets.
I've closed ITIN loans on $3M+ Malibu properties, but they take 45-60 days minimum. Lenders move slowly on manual underwriting and IRS verifications.
Borrowers with clean two-year tax histories close easier than those with gaps or amendments. If you filed extensions or have corrections, expect extra scrutiny.
The biggest mistake is assuming ITIN loans work like regular mortgages. They don't. Plan for higher costs, more documentation, and longer timelines.
Foreign National Loans don't require U.S. tax returns but typically need 30-40% down. ITIN loans offer better leverage if you've filed U.S. taxes.
Bank Statement Loans can work for ITIN holders with business income, though not all lenders combine the programs. Asset Depletion Loans help retirees with ITINs but limited income.
If you have an SSN path through employment or residency changes, conventional financing beats ITIN rates by a mile. But ITIN loans don't require work authorization.
Malibu properties often need coastal commission approvals and specialized insurance. ITIN lenders are familiar with these requirements but factor them into timelines.
Beach access restrictions and environmental regulations affect appraisals. Your lender needs experience with Malibu's unique property considerations.
High HOA fees in gated beach communities get counted in debt ratios. Some ITIN lenders cap total debt-to-income at 43%, others go to 50% with compensating factors.
Yes, as long as you meet credit and down payment requirements. Most lenders need 20% down for high-value coastal properties.
Rates run 0.75-2.00% above conventional loans, varying by credit score and down payment. Rates vary by borrower profile and market conditions.
No, but you need two years of U.S. tax returns filed with your ITIN. Physical residency isn't a requirement.
Lender limits range from $2M to $4M depending on the program. Your income documentation determines actual loan amount.
Most lenders require 680, though some go to 660 with 25% down. Higher scores unlock better rates and terms.
Some lenders allow gifted funds, others require all cash from your own accounts. Rules vary significantly by lender.