Question 1

Can I buy a home in Merced with just an ITIN?

Accepted Answer

Yes. ITIN loans are specifically designed for this. You need a valid ITIN, tax history, and documented income — not an SSN.

Question 2

How much do I need for a down payment?

Accepted Answer

Most ITIN lenders require 10-20% down. Larger down payments can improve your rate and approval odds.

Question 3

Do I need a U.S. credit score to qualify?

Accepted Answer

Not always. Some lenders accept alternative credit like rent and utility payment history. Ask us which lenders allow this.

Question 4

What income documents do ITIN lenders want?

Accepted Answer

Typically two years of U.S. tax returns. Self-employed borrowers may use bank statements instead. Requirements vary by lender.

Question 5

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, typically. ITIN loans are non-QM products. Rates are higher, but they're the right tool when conventional isn't an option. Rates vary by borrower profile and market conditions.

Question 6

How long does an ITIN loan take to close in Merced?

Accepted Answer

Non-QM loans often take 30-45 days. Having your ITIN documents and tax returns ready upfront cuts that timeline down.

ITIN Home Loans in Merced, CA