Question 1

Can I buy a home in Yucca Valley with just an ITIN?

Accepted Answer

Yes. An ITIN replaces the SSN requirement on non-QM loans. You still need income documentation, a down payment, and a credit profile.

Question 2

What credit score do I need for an ITIN loan?

Accepted Answer

Most lenders want 620 or higher. Some accept alternative credit history if you have limited U.S. credit. Rates vary by borrower profile and market conditions.

Question 3

How much do I need to put down?

Accepted Answer

Expect 10-20% down depending on the lender and your file strength. Stronger income docs can sometimes lower the requirement.

Question 4

Will a foreign bank account work for asset verification?

Accepted Answer

Some lenders accept foreign bank statements. Not all do. SRK CAPITAL knows which wholesale lenders are flexible on this.

Question 5

Is an ITIN loan more expensive than a conventional loan?

Accepted Answer

Yes, typically. Non-QM loans carry higher rates due to added risk. Rates vary by borrower profile and market conditions.

Question 6

Can I refinance later once I have more credit history?

Accepted Answer

Yes. Many ITIN borrowers refinance into better terms after building a stronger U.S. credit file. That's a common path.

ITIN Loans in Yucca Valley — Homeownership Without a Social Security Number