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ITIN Loans 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.
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.
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.
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.