Question 1

Can I buy in Capitola with just an ITIN?

Accepted Answer

Yes. ITIN loans are designed for exactly this. You don't need an SSN to qualify — just a valid ITIN and documented tax history.

Question 2

How long do I need to have my ITIN?

Accepted Answer

Most lenders want to see 2 years of tax returns filed under your ITIN. Some accept 12 months with strong compensating factors.

Question 3

Are ITIN mortgage rates higher than conventional?

Accepted Answer

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.

Question 4

What's the minimum down payment for an ITIN loan?

Accepted Answer

Expect 15-20% minimum. Some lenders require more depending on credit history and reserves.

Question 5

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

Accepted Answer

No. ITIN loans exist specifically for non-citizens who live in the U.S. and pay taxes. Citizenship is not a requirement.

Question 6

Can self-employed ITIN borrowers qualify in Capitola?

Accepted Answer

Yes. Self-employed ITIN borrowers often combine ITIN tax returns with bank statements. More documentation helps your case.

ITIN Home Loans in Capitola, CA