Question 1

Can I buy in Dana Point without a Social Security number?

Accepted Answer

Yes. An ITIN issued by the IRS qualifies you for non-QM lenders. You don't need a Social Security number or U.S. citizenship.

Question 2

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

Accepted Answer

Most lenders require 15-20% down. A larger down payment can improve your rate and reduce documentation scrutiny.

Question 3

Are ITIN loans legal in California?

Accepted Answer

Completely legal. ITIN loans are non-QM products offered by private lenders. California has no restrictions on them.

Question 4

Will my rate be higher than a conventional loan?

Accepted Answer

Yes, typically. ITIN loans carry more lender risk. Rates vary by borrower profile and market conditions — strong credit and reserves help.

Question 5

What if I have no U.S. credit history?

Accepted Answer

Some lenders accept foreign credit references or alternative trade lines. Not all lenders do — this is where having broker access matters.

Question 6

Can I buy a condo in Dana Point with an ITIN loan?

Accepted Answer

Often yes, but the condo project must meet lender approval standards. HOA financials and owner-occupancy ratios get reviewed.

ITIN Loans in Dana Point, CA