Question 1

Can I buy a Sierra Madre home with just an ITIN?

Accepted Answer

Yes. You need valid ITIN, 620+ credit, 15-20% down, and documented income. No Social Security number or citizenship required for approval.

Question 2

How much down payment do ITIN loans require?

Accepted Answer

Most lenders want 15-20% minimum. Larger down payments (25-30%) unlock better rates and easier approval from more lenders.

Question 3

What income documents do ITIN lenders require?

Accepted Answer

Two years of tax returns showing ITIN filing, or 12-24 months of bank statements. Self-employed borrowers often use bank statement programs instead.

Question 4

Are ITIN loan rates higher than conventional?

Accepted Answer

Yes, typically 1-2% higher. Rates vary by borrower profile and market conditions based on credit score and down payment size.

Question 5

How long does ITIN loan approval take?

Accepted Answer

Expect 45-60 days from application to closing. Income verification takes longer than conventional loans, especially for self-employed borrowers.

ITIN Loans in Sierra Madre: Homeownership Without a Social Security Number