Question 1

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

Accepted Answer

Yes. ITIN loans are designed for this. You don't need a Social Security number to get a mortgage through a non-QM lender.

Question 2

What credit score do I need for an ITIN loan?

Accepted Answer

Most lenders want 660 or higher. Some non-QM lenders go lower, but rates will be higher. Rates vary by borrower profile and market conditions.

Question 3

How much do I need for a down payment?

Accepted Answer

Plan for 15-20% down. A few lenders go as low as 10% with stronger credit and income documentation.

Question 4

Will my tax returns be enough to qualify?

Accepted Answer

Usually yes, if they show enough net income. If heavy deductions reduce your reported income, some lenders allow alternative documentation.

Question 5

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Question 6

Can I refinance my Marina home with an ITIN?

Accepted Answer

Yes. ITIN loans cover both purchase and refinance transactions. The same qualification standards apply.

ITIN Home Loans in Marina, CA