Question 1

Can I get an ITIN loan with less than 20% down in Mariposa?

Accepted Answer

Yes, some lenders accept 15% down for strong credit profiles. Expect higher rates with lower down payments.

Question 2

Do ITIN loans work for investment properties in Mariposa County?

Accepted Answer

Yes, but expect 25-30% down and higher rates. Lenders want larger equity cushions on non-owner-occupied ITIN loans.

Question 3

How long does ITIN loan approval take?

Accepted Answer

30-45 days typical from application to closing. Bank statement review and rural appraisals add time compared to conventional loans.

Question 4

What if my income varies month to month?

Accepted Answer

Lenders average 12-24 months of deposits. Seasonal businesses qualify if annual income supports the mortgage payment.

Question 5

Can I refinance a conventional loan into an ITIN loan?

Accepted Answer

No, that doesn't make sense. ITIN loans are for purchase when you lack a Social Security number, not refinancing existing mortgages.

ITIN Loans in Mariposa — Home Financing Without a Social Security Number