Question 1

Can I get an ITIN loan with less than 20% down?

Accepted Answer

Yes. Some lenders accept 15% down with strong credit and reserves. Expect higher rates below 20%.

Question 2

Do ITIN loans require PMI?

Accepted Answer

No. These are portfolio loans without mortgage insurance. Your rate covers the lender's risk.

Question 3

How long does ITIN loan approval take?

Accepted Answer

Plan for 30-45 days. Document review takes longer than conventional loans.

Question 4

Can I use business income for an ITIN loan?

Accepted Answer

Yes. You'll need two years of business tax returns or 12-24 months of bank statements.

Question 5

What rates should I expect in South San Francisco?

Accepted Answer

Rates vary by borrower profile and market conditions. Expect 1-2% above conventional rates as of February 2026.

ITIN Loans in South San Francisco: No SSN Required to Buy