Question 1

Can I buy a home in Brea with only an ITIN?

Accepted Answer

Yes. ITIN loans are designed for this. You don't need an SSN to qualify — just a valid ITIN and documented income.

Question 2

What credit score do I need for an ITIN loan?

Accepted Answer

Requirements vary by lender. Some accept scores as low as 600. A few will work with thin files or foreign credit history.

Question 3

How much do I need to put down on an ITIN loan?

Accepted Answer

Most lenders require 15-20% down. Stronger credit files and more reserves can sometimes bring that closer to 15%.

Question 4

Do I need two years of tax returns filed with my ITIN?

Accepted Answer

Most lenders want two years of consistent ITIN tax filings. Some offer bank statement alternatives for self-employed borrowers.

Question 5

Are ITIN loans more expensive than conventional loans?

Accepted Answer

Yes. Rates are higher than conventional or FHA loans. That reflects the non-QM nature of the program. Rates vary by borrower profile and market conditions.

Question 6

Can self-employed ITIN borrowers qualify in Brea?

Accepted Answer

Absolutely. Bank statement programs work alongside ITIN status. You don't need W-2s — consistent deposits are the key.

ITIN Home Loans in Brea, CA