Question 1

Can I buy a home in Burlingame with just an ITIN?

Accepted Answer

Yes, you can buy with an ITIN instead of a Social Security number. You'll need proof of income, 15-20% down, and a valid ITIN to qualify.

Question 2

What credit score do I need for an ITIN loan?

Accepted Answer

Most lenders want 680 or higher. Some approve borrowers with 640-660 if you have strong reserves and lower debt ratios.

Question 3

How much does an ITIN loan cost compared to conventional?

Accepted Answer

Expect rates 1-2% higher than conventional loans. Closing costs are similar, but you'll pay more in interest over the loan term.

Question 4

Do I need two years of tax returns?

Accepted Answer

Yes, most lenders require two years of filed tax returns showing consistent income. Self-employed borrowers may also need business bank statements.

Question 5

Can I refinance an ITIN loan later?

Accepted Answer

Yes, you can refinance into another ITIN loan or a conventional loan if you later obtain a Social Security number. Rates improve if your credit and income strengthen.

ITIN Loans in Burlingame — Homeownership Without a Social Security Number