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Madera has a large immigrant community. Many residents earn solid incomes but don't have a Social Security number.
ITIN loans exist for exactly this situation. You file taxes with an ITIN — you can buy a home with one too.
620 (typical)
Min Credit Score
No
SSN Required
15-25%
Min Down Payment
2 Years
Tax Returns Required
Non-QM
Loan Category
You need a valid ITIN, two years of tax returns filed with that ITIN, and a down payment — typically 15-25%.
Most lenders want a credit score of 620 or higher. No credit history? Some lenders accept alternative credit like rent and utility payments.
ITIN loans are non-QM products. Big retail banks almost never offer them. You need a broker with wholesale non-QM access.
SRK CAPITAL works with 200+ wholesale lenders. Several specialize in ITIN and immigrant borrower programs.
The biggest mistake ITIN borrowers make is waiting. Two years of clean tax returns is your foundation — start filing now if you haven't.
Lenders also want to see steady employment or self-employment income. Gaps hurt. Consistency wins approvals.
If you have foreign income and no US credit, a Foreign National loan may fit better. ITIN loans work best for residents living and working here.
Bank Statement loans are another option if you're self-employed. Both are non-QM, but ITIN loans are built around tax ID — not income documentation style.
Madera County has deep roots in agriculture and service industries. Many workers here are paid consistently but outside traditional W-2 employment.
Home prices in Madera are lower than coastal California. That helps ITIN borrowers — a 20% down payment is more reachable here than in LA or the Bay Area.
Yes. ITIN loans are designed for this. You need your ITIN, two years of tax returns, and a qualifying down payment.
No. ITIN loans do not require citizenship or permanent residency. Legal presence in the US is typically required.
Most lenders require 15-25% down. The exact amount depends on your credit profile and the lender program.
Some ITIN lenders accept non-traditional credit. Rent history, utility bills, and insurance payments can substitute for a FICO score.
Yes, typically. ITIN loans are non-QM products and carry a rate premium. Rates vary by borrower profile and market conditions.
Yes. Many ITIN borrowers in Madera are self-employed. Lenders want two years of tax returns showing consistent income.
ITIN Loans in Madera