Question 1

Can I buy a home in Seal Beach with just an ITIN?

Accepted Answer

Yes. ITIN loans are specifically designed for this. You need a valid ITIN, income documentation, and a qualifying down payment.

Question 2

What credit score do I need for an ITIN loan?

Accepted Answer

Requirements vary by lender. Some accept non-traditional credit like rent and utility history when a standard score isn't available.

Question 3

How much do I need to put down?

Accepted Answer

Most ITIN lenders require 10-20% down. Higher down payments often get you better rates and improve approval odds.

Question 4

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes. These are non-QM loans, so rates run above conventional benchmarks. Rates vary by borrower profile and market conditions.

Question 5

Can I use bank statements instead of tax returns?

Accepted Answer

Some lenders allow it, especially for self-employed ITIN borrowers. 12-24 months of statements is the typical requirement.

Question 6

How long does an ITIN loan take to close in California?

Accepted Answer

Non-QM loans can take 30-45 days. Having your documents ready upfront is the fastest way to keep it on track.

ITIN Loans in Seal Beach, CA — No SSN Required