Question 1

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

Accepted Answer

Yes. ITIN loans are built for this. You don't need a Social Security number — consistent tax filing and stable income matter most.

Question 2

How much do I need to put down on an ITIN loan?

Accepted Answer

Most lenders require 10-20% down. Stronger credit files and longer filing history can push toward the lower end.

Question 3

Will my seasonal farm or hospitality income count?

Accepted Answer

It can, but lenders typically average two years of returns. Gaps or wide income swings make the file harder to approve.

Question 4

Are ITIN loan rates higher than conventional rates?

Accepted Answer

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

Question 5

Can I use a co-borrower who has a Social Security number?

Accepted Answer

Yes. Many lenders allow mixed-status applications. The SSN borrower's credit can strengthen the overall file significantly.

Question 6

What documents do ITIN lenders ask for?

Accepted Answer

Expect 12-24 months of tax returns, bank statements, proof of ITIN, and employment or income verification.

ITIN Loans in Solvang, CA — Buy Without a Social Security Number