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West Hollywood's dense 1.9 square miles attract international buyers, entrepreneurs, and creatives who often lack Social Security numbers. ITIN loans fill the gap for qualified borrowers with Individual Taxpayer Identification Numbers.
Properties here range from $600K condos near Santa Monica Boulevard to $3M+ homes in the hills. ITIN financing works across this spectrum when you document income properly.
ITIN Loans in West Hollywood
You need a valid ITIN, 15-20% down payment minimum, and proof of income through tax returns or bank statements. Credit scores start at 680 but some lenders accept 620 with compensating factors.
Lenders verify employment and income through alternative documentation. Two years of tax returns filed with your ITIN work best. Bank statement programs exist for those without traditional tax filings.
Local decision guide
Use this guide to connect itin loans eligibility, lender expectations, and local market factors before comparing payment options in West Hollywood.
West Hollywood's dense 1.9 square miles attract international buyers, entrepreneurs, and creatives who often lack Social Security numbers. ITIN loans fill the gap for qualified borrowers with Individual Taxpayer Identification Numbers.
Properties here range from $600K condos near Santa Monica Boulevard to $3M+ homes in the hills. ITIN financing works across this spectrum when you document income properly.
You need a valid ITIN, 15-20% down payment minimum, and proof of income through tax returns or bank statements. Credit scores start at 680 but some lenders accept 620 with compensating factors.
About 30 of our 200+ wholesale lenders offer ITIN programs. Each has different credit floors, down payment requirements, and documentation standards. Rate spreads vary by 0.5-1% depending on lender risk appetite.
Some lenders cap loan amounts at $2M. Others go higher but require larger down payments above conforming limits. West Hollywood's pricing often pushes into these thresholds.
Most ITIN borrowers in West Hollywood succeed with one of three profiles: employed creatives with W-2 income, business owners using tax returns, or high-net-worth buyers using asset depletion. Match your documentation to the right lender from the start.
The biggest mistake is waiting until you're in contract to sort out paperwork. ITIN loans take 30-45 days to close. Get pre-approved with actual documentation reviewed, not a conditional pre-qual letter.
Foreign National loans require larger down payments (30-40%) but accept offshore income. ITIN loans need less down but require U.S. income documentation. Bank Statement loans work for ITIN holders who don't file traditional tax returns.
Asset Depletion makes sense if you have significant liquid assets but minimal income documentation. We often compare all four options when West Hollywood buyers have complex income situations.
West Hollywood's condo market requires lender approval of HOA documentation. ITIN lenders are pickier about association financial health than conventional programs. Get HOA docs reviewed early.
Rent control applies to buildings built before 1995. ITIN investment property buyers need to understand how this affects cash flow calculations. Lenders underwrite rental income conservatively here.
Yes, but expect 20-25% down minimum. Lenders underwrite rental income conservatively, especially with rent control on older buildings.
Rates vary by borrower profile and market conditions. Typically 0.5-1.5% above conventional rates depending on credit, down payment, and documentation strength.
No. ITIN loans are designed for borrowers without Social Security numbers. Co-borrowers can have SSN or ITIN.
Plan for 30-45 days from application to closing. Documentation review takes longer than conventional loans due to alternative income verification.
Yes. You can refinance into another ITIN loan for better rates or into conventional financing if you later obtain a Social Security number.