Question 1

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

Accepted Answer

Yes. ITIN loans don't require a Social Security number. You'll need documented income, a valid ITIN, and typically 15-20% down.

Question 2

Do I need to be a U.S. citizen to get an ITIN loan?

Accepted Answer

No. ITIN loans are designed for non-citizens who live and work in the U.S. Many borrowers are on work visas or permanent resident status.

Question 3

How long does it take to close an ITIN loan?

Accepted Answer

Non-QM loans like ITIN can take 30-45 days. Having clean documentation ready speeds things up considerably.

Question 4

What income documents do ITIN lenders require?

Accepted Answer

Most want 12-24 months of bank statements or ITIN-filed tax returns. Some lenders accept both W-2s and 1099s filed under your ITIN.

Question 5

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM products carry more risk for lenders. Rates vary by borrower profile and market conditions.

Question 6

Can I use an ITIN loan for a condo in Cupertino?

Accepted Answer

Possibly, but condo approval adds a layer. The building must meet the lender's warrantability standards, which vary by lender.

ITIN Loans in Cupertino, CA