Question 1

Can I buy in San Clemente without a Social Security number?

Accepted Answer

Yes. ITIN loans are built for this. You need a valid ITIN, two years of tax returns, and a solid down payment.

Question 2

What credit score do I need for an ITIN loan?

Accepted Answer

Most lenders start at 620. Thinner credit files may qualify with strong income or larger down payments.

Question 3

How much do I need to put down?

Accepted Answer

Plan for 20-25% minimum. Jumbo loan amounts in San Clemente may require more reserves on top of that.

Question 4

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes. Non-QM pricing runs above conventional. Rates vary by borrower profile and market conditions.

Question 5

Do I need to be a US resident to get an ITIN loan?

Accepted Answer

Not necessarily. ITIN loans focus on tax compliance, not residency status. Lender guidelines vary.

Question 6

Can I refinance my San Clemente home with an ITIN loan?

Accepted Answer

Yes. ITIN loans cover both purchase and refinance. Your equity position and income history will drive the terms.

ITIN Loans in San Clemente, CA