Question 1

Can I buy a home in Scotts Valley with just an ITIN?

Accepted Answer

Yes. ITIN loans don't require a Social Security number. You need a valid ITIN, two years of U.S. tax returns, and a solid payment history.

Question 2

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

Accepted Answer

Most lenders start at 15–20% down. Strong credit or significant reserves can sometimes reduce that requirement.

Question 3

Are ITIN loan rates the same as conventional rates?

Accepted Answer

No. ITIN loans are non-QM products and carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.

Question 4

What documents do I need for an ITIN loan?

Accepted Answer

Lenders typically require your ITIN letter, two years of tax returns, and 12 months of bank statements. Organized paperwork speeds up the process.

Question 5

Do big banks offer ITIN loans in California?

Accepted Answer

Rarely. ITIN loans are non-QM and mostly available through wholesale lenders. A broker with broad lender access is your best path.

Question 6

How is an ITIN loan different from a Foreign National loan?

Accepted Answer

ITIN loans require U.S. tax history. Foreign National loans serve buyers without it. They're separate products with different requirements.

ITIN Loans in Scotts Valley, CA