Question 1

Can I buy a home in Chowchilla with just an ITIN?

Accepted Answer

Yes. ITIN loans are designed for this. You don't need a Social Security number to qualify.

Question 2

How many years of tax returns do I need?

Accepted Answer

Most lenders want two years of ITIN returns. Consistent filing history is what underwriters look for.

Question 3

What credit score do I need for an ITIN loan?

Accepted Answer

Requirements vary by lender. Some accept alternative credit. A 620+ score opens more options, but it's not a hard floor.

Question 4

How much do I need for a down payment?

Accepted Answer

Expect 10-20% down for most ITIN programs. Higher down payments can improve your rate. Rates vary by borrower profile and market conditions.

Question 5

Are ITIN loans available for investment properties in Madera County?

Accepted Answer

Some lenders allow it, but options are narrower. Primary residence purchases are much easier to get approved.

Question 6

Why can't I just go to my local bank for this?

Accepted Answer

ITIN loans are non-QM. Most banks don't offer them. You need a broker with access to specialty wholesale lenders.

ITIN Home Loans in Chowchilla, CA