Question 1

Can I buy in Newport Beach with just an ITIN?

Accepted Answer

Yes. ITIN loans are available for primary residences and investment properties. You'll need strong documentation and a solid down payment.

Question 2

What income documents do ITIN lenders want?

Accepted Answer

Most require 12-24 months of bank statements or ITIN-filed tax returns. Requirements vary by lender.

Question 3

How much do I need to put down?

Accepted Answer

Plan for 20-30% down on a non-QM ITIN loan. Higher down payments improve your rate and approval odds.

Question 4

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes. Non-QM products like ITIN loans carry higher rates than conforming loans. Rates vary by borrower profile and market conditions.

Question 5

Can I use an ITIN loan to buy a rental property in Newport Beach?

Accepted Answer

Many ITIN lenders allow investment property purchases. Reserves and rental income documentation will both be scrutinized.

Question 6

Do I need a US credit history to qualify?

Accepted Answer

Most lenders require a US credit profile with a 620+ score. Some will use alternative credit history if US tradelines are limited.

ITIN Loans in Newport Beach, CA