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Capitola has a tight housing market. Buyers who qualify through ITIN loans have real competition here.
ITIN loans are non-QM products. That means they don't follow standard agency guidelines — and that's fine for the right borrower.
Varies by lender
Min Credit Score
No — ITIN accepted
SSN Required?
15-20% typical
Min Down Payment
12-24 months
Tax History Needed
Non-QM
Loan Type
ITIN Loans in Capitola
You need a valid ITIN — the 9-digit number the IRS issues to people without SSNs. That's the starting point.
Most lenders want 12-24 months of tax returns filed under your ITIN. Down payments typically start at 15-20%.
Local decision guide
Use this guide to connect itin loans eligibility, lender expectations, and local market factors before comparing payment options in Capitola.
Capitola has a tight housing market. Buyers who qualify through ITIN loans have real competition here.
ITIN loans are non-QM products. That means they don't follow standard agency guidelines — and that's fine for the right borrower.
You need a valid ITIN — the 9-digit number the IRS issues to people without SSNs. That's the starting point.
Most banks won't touch ITIN loans. You need a wholesale lender that specifically offers non-QM products.
We work with 200+ wholesale lenders at SRK CAPITAL. A handful specialize in ITIN programs with competitive terms.
The biggest mistake ITIN borrowers make: waiting too long to file taxes. Lenders want a paper trail. Start now.
Rates on ITIN loans run higher than conventional. That's the tradeoff for a loan that wouldn't otherwise exist. Rates vary by borrower profile and market conditions.
Foreign National loans are for non-residents. ITIN loans are for residents who live and work here but lack an SSN.
Bank Statement loans can pair well with ITIN status if you're self-employed and income is hard to document traditionally.
Santa Cruz County has a large immigrant workforce in agriculture, hospitality, and trades. ITIN lending matters here.
Capitola's coastal real estate holds value well. Buying here with an ITIN loan is a long-term play worth making.
Yes. ITIN loans are designed for exactly this. You don't need an SSN to qualify — just a valid ITIN and documented tax history.
Most lenders want to see 2 years of tax returns filed under your ITIN. Some accept 12 months with strong compensating factors.
Yes. ITIN loans are non-QM, so rates are higher. A larger down payment and strong reserves help bring them down. Rates vary by borrower profile and market conditions.
Expect 15-20% minimum. Some lenders require more depending on credit history and reserves.
No. ITIN loans exist specifically for non-citizens who live in the U.S. and pay taxes. Citizenship is not a requirement.
Yes. Self-employed ITIN borrowers often combine ITIN tax returns with bank statements. More documentation helps your case.