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Milpitas has one of the highest immigrant populations in Santa Clara County. Many residents here earn solid incomes but don't have a Social Security number.
ITIN loans fill that gap. You use your Individual Taxpayer Identification Number to qualify — the same number you file taxes with.
Varies by lender
Min Credit Score
No — ITIN accepted
SSN Required?
15–25%
Typical Down Payment
Non-QM
Loan Type
2 years preferred
Tax History Needed
You need a valid ITIN, two years of tax returns, and a down payment — typically 15-25% for these loans. Credit history matters, even if it's thin.
Some lenders accept foreign credit or alternative credit references. A longer employment history helps, especially with a consistent income record.
ITIN loans are non-QM products. That means most banks won't touch them. You need a lender that specifically underwrites outside conventional guidelines.
At SRK CAPITAL, we work with 200+ wholesale lenders. We know which ones have real ITIN programs — and which ones will waste your time.
The biggest mistake ITIN borrowers make is applying at a retail bank first. They get denied, their credit gets hit, and they lose weeks.
Come to a broker first. We match your file to lenders who actually close ITIN loans in California — not ones who say they do.
Foreign National loans are a related option, but they're built for non-residents. ITIN loans are designed for people who live and work here full-time.
Bank Statement loans can pair well with ITIN status if you're self-employed. Some lenders allow both in one program.
Milpitas sits at the heart of Silicon Valley. Many ITIN borrowers here work in tech, logistics, or small business — incomes are real and often strong.
Santa Clara County home prices run high. A 20% down payment on a Milpitas property is a serious number. Start building reserves early.
Yes. ITIN loans are designed for exactly this. You don't need a Social Security number to qualify.
Most lenders require 15-25% down. The stronger your file, the lower the down payment lenders will accept.
Yes, typically higher than conventional loans. They're non-QM products and priced for added lender risk. Rates vary by borrower profile and market conditions.
Expect two years of tax returns, proof of ITIN, bank statements, and employment verification. Some lenders add extra steps.
Some lenders allow it. Condo approval depends on the building's warrantability — your broker should check that upfront.
ITIN lenders don't base approval on immigration status. Your income, credit, and down payment are what drive the decision.
ITIN Loans in Milpitas