Question 1

Can I buy a home in La Quinta with just an ITIN?

Accepted Answer

Yes. ITIN loans are designed for this. You'll need tax returns, proof of income, and a larger down payment than a conventional loan requires.

Question 2

How much do I need for a down payment?

Accepted Answer

Most ITIN programs require 15-25% down. Higher down payments can improve your rate and approval odds.

Question 3

Do ITIN loans have higher interest rates?

Accepted Answer

Typically yes. These are non-QM loans, so rates run higher than conventional. Rates vary by borrower profile and market conditions.

Question 4

Can I use rental income to qualify?

Accepted Answer

Some lenders allow it. You'd need documentation showing consistent rental income, usually 12-24 months of history.

Question 5

What credit score do I need for an ITIN loan?

Accepted Answer

Requirements vary. Some lenders accept scores below 620. Others accept non-traditional credit like rent and utility payment history.

Question 6

Can I refinance an ITIN loan later if I get a Social Security number?

Accepted Answer

Yes. Once you have an SSN and qualifying credit history, you can refinance into a conventional or FHA loan at better terms.

ITIN Loans in La Quinta, CA — No SSN Required