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ITIN Loans in San Fernando
San Fernando's tight housing inventory makes acting fast critical. ITIN loans let you compete without waiting for immigration status changes.
Most San Fernando buyers using ITIN loans are self-employed or work in cash-based industries. These loans recognize your tax history, not your citizenship.
You need a valid ITIN, two years of tax returns, and credit scores starting at 680. Expect 15-20% down for most properties.
Lenders want to see consistent income documentation. Bank statements or 1099s work if they match your tax filings closely.
Only about 30 of our 200+ wholesale lenders offer true ITIN programs. Many advertise them but disappear when you apply.
San Fernando deals move through three main lenders we use regularly. Their underwriters actually understand ITIN documentation instead of treating it like a puzzle.
Your tax return quality determines everything. Clean filings with business income reported properly get approved. Messy returns with unexplained deposits get denied.
I tell San Fernando clients to fix their tax situation before shopping for homes. Six months with a good CPA saves you points on your rate.
Bank Statement Loans need higher credit scores but accept larger down payments as compensation. ITIN loans focus more on tax return consistency.
Foreign National Loans require 30-40% down but skip the tax return requirement entirely. Choose based on your documentation strength, not just rate.
San Fernando properties under $700K get the most aggressive ITIN pricing. Above that threshold, your rate jumps half a point.
Many San Fernando homes are older and need work. ITIN lenders won't finance major repairs, so budget for inspection surprises before closing.
No lender I work with accepts less than two years. You need consistent filing history to show income stability.
Expect 1-2% higher rates than conventional loans. The limited lender competition drives pricing up regardless of your profile.
Yes, but it won't improve your rate or terms. The ITIN loan structure applies to the entire application.
You can refinance into conventional financing immediately. Most San Fernando clients do this within two years to cut their rate.
Not with 20% down. Below that threshold, expect higher rates instead of separate MI premiums.
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.