Question 1

Can I buy a home in San Luis Obispo with only an ITIN?

Accepted Answer

Yes. Non-QM lenders approve ITIN borrowers with tax returns, down payments, and alternative credit documentation. Social Security numbers aren't required.

Question 2

What down payment do ITIN loans require?

Accepted Answer

Expect 15-25% down depending on credit and reserves. Larger down payments unlock better rates and easier approvals from more lenders.

Question 3

How do interest rates compare to conventional loans?

Accepted Answer

ITIN loans run 0.5-1.5% higher than conventional rates. Strong profiles with 25% down can approach conforming pricing. Rates vary by borrower profile and market conditions.

Question 4

What income documentation do lenders accept?

Accepted Answer

Most require two years of 1040 tax returns filed with your ITIN. Bank statement programs work if tax returns don't reflect actual income.

Question 5

Do I need US credit history?

Accepted Answer

Traditional credit helps but isn't mandatory. Lenders accept alternative tradelines like rent, utilities, and phone bills to establish payment patterns.

Question 6

Can cryptocurrency count toward my loan qualification?

Accepted Answer

Some non-QM lenders now verify crypto holdings as reserves. This expands qualification options for borrowers with digital asset portfolios beyond traditional cash reserves.

ITIN Loans in San Luis Obispo — Financing Without a Social Security Number