Question 1

Can I buy a home in Guadalupe without a Social Security number?

Accepted Answer

Yes. ITIN loans let you qualify using your IRS taxpayer ID. You'll need two years of filed returns and a solid payment history.

Question 2

How much do I need for a down payment on an ITIN loan?

Accepted Answer

Most lenders require 10-20% down. A larger down payment can help offset a thin credit file.

Question 3

Do ITIN loans have higher interest rates than conventional loans?

Accepted Answer

Yes, typically. ITIN loans are non-QM products, so rates run higher. Rates vary by borrower profile and market conditions.

Question 4

What documents do ITIN borrowers need to apply?

Accepted Answer

You'll need 2 years of ITIN tax returns, proof of income, bank statements, and a valid ITIN letter from the IRS.

Question 5

Can I use rental income to qualify for an ITIN loan in Guadalupe?

Accepted Answer

Some lenders will count documented rental income. It needs to appear on your tax returns consistently for at least two years.

Question 6

What if my ITIN expired — can I still apply?

Accepted Answer

You need an active, valid ITIN to close a loan. Renew it with the IRS first — processing can take several weeks.

ITIN Home Loans in Guadalupe, CA