Question 1

Can I buy a home in San Juan Capistrano with just an ITIN?

Accepted Answer

Yes. ITIN loans are designed for exactly this situation. You'll need tax filing history and a down payment, typically 15-20%.

Question 2

Do I need a credit score to get an ITIN loan?

Accepted Answer

Not always. Some lenders accept rental payment history instead. Thin credit files are common with ITIN borrowers and lenders expect it.

Question 3

How many years of ITIN tax returns do lenders want?

Accepted Answer

Most want 12-24 months of filed returns. Consistency matters more than income level — gaps in filing history raise flags.

Question 4

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM loans carry higher rates than conventional. Rates vary by borrower profile and market conditions.

Question 5

Can self-employed ITIN borrowers qualify in Orange County?

Accepted Answer

Yes, but documentation requirements are stricter. Bank statements and profit-and-loss statements are often required alongside tax returns.

Question 6

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

Accepted Answer

Most lenders start at 15-20% down. Some require more depending on credit depth and loan size.

ITIN Loans in San Juan Capistrano, CA