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ITIN Loans in Mill Valley
Mill Valley's housing market doesn't care about your immigration status—it cares about your ability to pay. ITIN loans let you qualify with tax returns filed under an Individual Taxpayer Identification Number.
Most ITIN borrowers in Marin County buy properties between $800k and $2M. You're competing against conventional buyers, so proof of steady income and strong reserves matter.
Expect to put down 15-20% minimum. Lenders want to see two years of ITIN tax returns and consistent income history. Credit scores typically need to hit 680 or higher.
You'll need 12 months of reserves after closing. That means enough liquid assets to cover a year of mortgage payments, property taxes, and insurance sitting in your accounts.
Only specialized non-QM lenders offer ITIN loans. Big banks won't touch them. We work with about 15 lenders who actively fund these deals in Marin County.
Rates run 1-2% higher than conventional loans. That's the cost of non-traditional documentation. Shop multiple lenders—we've seen rate spreads of 0.75% between best and worst offers.
Most ITIN buyers in Mill Valley work in San Francisco's tech or finance sectors. Document every income source meticulously. One client lost a loan because their 1099 income wasn't reported consistently across two years.
Get a CPA to review your tax returns before applying. Lenders scrutinize ITIN returns harder than W-2 income. Unexplained deductions or irregular reporting patterns kill deals.
Foreign National Loans require larger down payments but work without U.S. credit history. Bank Statement Loans skip tax returns entirely if you show 12-24 months of deposits.
ITIN loans make sense when you've filed taxes consistently but lack a Social Security number. If your tax returns show strong income, this beats Foreign National rates by 1-1.5%.
Mill Valley's tight inventory means you compete in multiple-offer situations. Get pre-approved with an ITIN-specific lender before shopping. Generic pre-approvals from conventional lenders confuse sellers.
Marin County property taxes run high—factor 1.2% of purchase price annually. ITIN lenders verify you can handle the full payment including taxes and insurance, not just principal and interest.
Yes. ITIN loans let you qualify using your Individual Taxpayer Identification Number. You'll need two years of tax returns filed under that ITIN and 15-20% down.
Most lenders require 680 minimum. Some programs go down to 660 with larger down payments. Higher scores unlock better rates and lower reserve requirements.
Expect rates 1-2% above conventional loans. A broker who shops multiple non-QM lenders can often find the lower end of that range.
No. ITIN loans are designed for borrowers without Social Security numbers. Your ITIN and tax filing history are sufficient documentation.
Some lenders allow it on 2-4 unit properties. You'll need a lease agreement and proof the rental income appears on your tax returns from other properties.
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.