Question 1

Can I buy a home in Cypress without a Social Security number?

Accepted Answer

Yes. ITIN loans are specifically designed for borrowers without an SSN. Your ITIN is used in place of a Social Security number on the application.

Question 2

What credit score do I need for an ITIN loan?

Accepted Answer

Requirements vary by lender. Some accept non-traditional credit history like rent and utility payments if you lack a scored US credit file.

Question 3

How much do I need to put down in Cypress?

Accepted Answer

Most ITIN programs require 15-20% down. Higher down payments can improve your rate and offset a thinner credit profile.

Question 4

Do I need to be a US citizen or permanent resident?

Accepted Answer

No. ITIN loans don't require citizenship or a green card. Lenders focus on income stability and repayment ability instead.

Question 5

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, typically. ITIN loans are non-QM products and carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.

Question 6

Can I use rental income to qualify for an ITIN loan in Cypress?

Accepted Answer

Some lenders allow it with documented rental agreements and bank deposits. Ask us which lenders in our network accept rental income for ITIN borrowers.

ITIN Home Loans in Cypress, CA