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ITIN Loans in Truckee
Truckee's resort economy employs thousands of ITIN holders in hospitality, construction, and property management. Many earn strong incomes but lack traditional documentation.
Second-home buyers and seasonal workers often need ITIN financing here. The mountain housing market doesn't wait for social security numbers.
Most lenders want 15-20% down for ITIN loans in Truckee. Credit scores start at 620, though 680+ gets better pricing.
You'll need two years of tax returns filed with your ITIN. Bank statements work if you're self-employed or paid cash.
Big banks won't touch ITIN loans. We work with specialized non-QM lenders who understand immigrant borrower profiles.
Rates run 1-2% higher than conventional loans. That premium buys access to financing most lenders refuse to offer.
Only about 20 of our 200+ lenders do ITIN loans. Finding the right match requires knowing each lender's appetite and overlays.
Truckee ITIN deals often involve construction workers or hospitality managers buying their first home after years of renting. These borrowers have money but non-traditional income proof.
The biggest mistake: waiting until you find a house to get pre-approved. ITIN loans take 45-60 days to close, not 30.
I always tell ITIN clients to gather two years of tax returns and six months of bank statements before shopping. Missing one pay stub can blow the timeline.
Foreign National Loans require larger down payments—usually 30-40%—but work for non-residents. ITIN loans serve U.S. residents without social security numbers.
Bank Statement Loans overlap with ITIN programs for self-employed borrowers. You might qualify for both and choose based on rate and down payment.
If you're buying investment property, Asset Depletion Loans sometimes beat ITIN rates. We compare both for rental buyers.
Truckee's median home price sits well above conventional loan limits. Many ITIN borrowers need jumbo-sized non-QM financing.
Seasonal income complicates qualification here. Lenders want year-round employment or proof of consistent seasonal earnings over multiple years.
Condo financing gets tricky in Truckee's resort complexes. Some ITIN lenders won't touch condos, period. Others require warrantable status and 20-25% down.
Yes, though most lenders require 20-25% down for second homes. Your primary residence needs clear documentation too.
Some lenders approve condos with 20-25% down and warrantable status. Many ITIN lenders avoid condos entirely.
Bank statement loans work for cash income. You need 12-24 months of consistent deposits showing business revenue.
Plan 45-60 days from application to closing. Documentation review takes longer than conventional loans.
Absolutely. Rate-and-term refinances need less documentation than purchases. Cash-out refinances require full income verification.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.