Question 1

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

Accepted Answer

Yes. ITIN loans are designed for exactly this. You don't need a Social Security number to qualify.

Question 2

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

Accepted Answer

Most lenders require 15-25% down. The stronger your file, the lower the down payment lenders will accept.

Question 3

Do ITIN loans have higher interest rates?

Accepted Answer

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.

Question 4

What documents do ITIN borrowers need?

Accepted Answer

Expect two years of tax returns, proof of ITIN, bank statements, and employment verification. Some lenders add extra steps.

Question 5

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

Accepted Answer

Some lenders allow it. Condo approval depends on the building's warrantability — your broker should check that upfront.

Question 6

Is my immigration status a factor in getting approved?

Accepted Answer

ITIN lenders don't base approval on immigration status. Your income, credit, and down payment are what drive the decision.

ITIN Loans in Milpitas, CA — No SSN Required