Question 1

Can I buy a home in Morgan Hill without a Social Security number?

Accepted Answer

Yes. ITIN loans are built for exactly this situation. You need a valid ITIN and documented income, not an SSN.

Question 2

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

Accepted Answer

Most ITIN lenders want 10-20% down. A larger down payment can offset thinner credit history or shorter tax-filing records.

Question 3

Do ITIN loans cost more than conventional loans?

Accepted Answer

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

Question 4

What documents do ITIN lenders require?

Accepted Answer

Expect to provide your ITIN, two years of tax returns or bank statements, proof of employment, and bank account records.

Question 5

Can I use an ITIN loan to buy a condo in Morgan Hill?

Accepted Answer

Some lenders allow it, but condo approvals add a layer of complexity. The condo project itself must also meet the lender's requirements.

Question 6

What if my ITIN is expired?

Accepted Answer

Lenders will not close with an expired ITIN. Renew through the IRS before applying — the process can take several weeks.

ITIN Loans in Morgan Hill, CA