Question 1

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

Accepted Answer

Yes, some lenders go to 15% down with strong credit and reserves. Expect higher rates and stricter documentation requirements below 20% down.

Question 2

Do ITIN loans have prepayment penalties?

Accepted Answer

Many carry 2-3 year prepayment penalties to offset lender risk. Always confirm terms upfront since this affects your ability to refinance.

Question 3

Can I use ITIN loan income from multiple jobs?

Accepted Answer

Absolutely, as long as all income appears on your tax returns. Multiple W-2s or 1099s actually strengthen your application by showing income diversity.

Question 4

How long does ITIN loan approval take in Merced County?

Accepted Answer

Plan 45-60 days from application to closing. Tax return verification and rural appraisals add time compared to conventional loans.

Question 5

Will an ITIN loan affect my immigration status?

Accepted Answer

ITIN loans are legal financial products with no immigration implications. Lenders don't report to immigration authorities and homeownership doesn't change visa status.

ITIN Loans in Dos Palos: Homeownership Without a Social Security Number