Question 1

Can I buy a home in Nevada City with only an ITIN?

Accepted Answer

Yes. ITIN loans are designed exactly for this. You'll need tax returns, bank statements, and a down payment — typically 10-30%.

Question 2

Do I need a credit score to qualify for an ITIN loan?

Accepted Answer

Most lenders accept non-traditional credit history. Utility payments, rent history, and foreign credit can all count toward your profile.

Question 3

How much do I need for a down payment?

Accepted Answer

Expect 10-30% down depending on your credit strength and income documentation. A larger down payment often gets you a better rate.

Question 4

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes — ITIN loans are non-QM, so rates run higher than conventional. Rates vary by borrower profile and market conditions.

Question 5

How long does it take to close an ITIN loan in Nevada City?

Accepted Answer

Plan for 30-45 days. Non-QM underwriting takes longer than conventional. Having your tax returns and bank statements ready speeds things up.

Question 6

What property types qualify for ITIN loans in Nevada County?

Accepted Answer

Most single-family homes qualify. Rural or acreage properties may need additional lender review. Condos depend on the specific lender's guidelines.

ITIN Loans in Nevada City, CA