Question 1

Can I buy a home in Mission Viejo with just an ITIN?

Accepted Answer

Yes. A valid ITIN with two years of U.S. tax filings is the foundation. You still need income, credit history, and a down payment.

Question 2

Do ITIN loans have higher interest rates?

Accepted Answer

Yes, rates run higher than conventional loans. Rates vary by borrower profile and market conditions.

Question 3

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

Accepted Answer

Most ITIN lenders require 10-20% down. Stronger credit and income docs can sometimes help at the lower end.

Question 4

What income documents do ITIN lenders accept?

Accepted Answer

Tax returns and bank statements are most common. Self-employed borrowers often qualify using 12-24 months of bank statements.

Question 5

Can an ITIN borrower refinance later?

Accepted Answer

Yes. If you obtain an SSN later, you may refinance into a conventional loan at better terms.

Question 6

Is an ITIN loan the same as a Foreign National loan?

Accepted Answer

No. ITIN loans require U.S. tax history. Foreign National loans are for non-U.S. residents without that filing history.

ITIN Loans in Mission Viejo, CA