Question 1

Can I buy a home in La Palma with just an ITIN?

Accepted Answer

Yes. ITIN loans are designed for this. You don't need a Social Security number — just a valid ITIN and documented income.

Question 2

How many years of tax returns do ITIN loans require?

Accepted Answer

Most lenders want two years of tax returns filed under your ITIN. IRS transcripts confirming those filings are typically required.

Question 3

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes. ITIN loans are non-QM, so rates run higher. Rates vary by borrower profile and market conditions.

Question 4

What's the minimum down payment for an ITIN loan?

Accepted Answer

Most lenders require 10–20% down. Stronger files with longer tax history may qualify on the lower end.

Question 5

Do I need a U.S. credit score to qualify?

Accepted Answer

Not always. Some lenders accept alternative credit — rent payments, utilities, and insurance history can substitute for a traditional credit file.

Question 6

Can self-employed ITIN holders qualify in La Palma?

Accepted Answer

Yes, and some lenders allow Bank Statement underwriting alongside ITIN documentation. Ask lenders explicitly if they allow this combination.

ITIN Home Loans in La Palma, CA