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Los Banos has a large immigrant workforce. Many residents earn steady income but don't have a Social Security number.
ITIN loans exist for exactly this situation. You use your Individual Taxpayer Identification Number to qualify instead.
620
Min Credit Score
10-20%
Min Down Payment
No
SSN Required
12-24 months
Tax History Needed
Most lenders want 12-24 months of tax returns filed under your ITIN. Some will use bank statements instead.
Expect a minimum 620 credit score at most lenders. Down payment requirements typically start at 10-20%.
Your local bank almost certainly doesn't offer ITIN loans. These are non-QM products held by specialty lenders.
We work with 200+ wholesale lenders. Several specialize in ITIN programs and serve Central Valley borrowers regularly.
ITIN borrowers often have stronger financials than their credit file shows. Lenders just need the right documentation.
Two years of consistent self-employment income filed under your ITIN will open the most doors. Get your taxes current before applying.
Foreign National loans are similar but designed for non-residents. ITIN loans are for people living and working in the US.
Bank Statement loans overlap here too. If you're self-employed with ITIN income, some lenders qualify you on deposits alone.
Los Banos sits in Merced County's agricultural corridor. A significant share of buyers here are ITIN holders in farming and food processing.
Home prices in this area run well below coastal California. That makes the higher ITIN down payment requirements more manageable.
Yes. ITIN loans are built for this. You qualify using your Individual Taxpayer Identification Number instead of an SSN.
Most lenders require at least 620. A higher score gives you better rate options and lower down payment requirements.
Plan for 10-20% down. The exact amount depends on your credit, income documentation, and which lender we place you with.
No. ITIN loans are designed for non-citizens living and working in the US. Citizenship is not a requirement.
Typically 12-24 months of tax returns filed under your ITIN. Some lenders accept bank statements if you're self-employed.
Yes, typically. These are non-QM loans and carry more lender risk. Rates vary by borrower profile and market conditions.
ITIN Loans in Los Banos