Question 1

Can I buy in Fountain Valley without a Social Security number?

Accepted Answer

Yes. ITIN loans are designed exactly for this. You need a valid ITIN and two years of U.S. tax returns filed under it.

Question 2

How much do I need for a down payment on an ITIN loan?

Accepted Answer

Expect 10-20% down. The exact amount depends on the lender and your overall financial profile.

Question 3

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, typically. ITIN loans are non-QM products and carry more lender risk. Rates vary by borrower profile and market conditions.

Question 4

Do I need U.S. credit history to qualify?

Accepted Answer

Not always. Some lenders accept alternative credit like rent, utilities, or insurance payments in place of a traditional credit score.

Question 5

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

Accepted Answer

Some lenders allow it if documented properly. Your tax returns need to reflect the rental income for it to count.

Question 6

What documents do ITIN loan lenders typically require?

Accepted Answer

Two years of ITIN tax returns and 12 months of bank statements are standard. Some lenders may ask for additional income verification.

ITIN Home Loans in Fountain Valley, CA