Question 1

Can I buy in Benicia with just an ITIN?

Accepted Answer

Yes. An ITIN is sufficient for these loan programs. You don't need an SSN to get a mortgage in California.

Question 2

How much do I need to put down?

Accepted Answer

Most ITIN lenders require 15-25% down. A larger down payment can improve your rate and approval odds.

Question 3

Do I need a U.S. credit score?

Accepted Answer

A U.S. credit profile helps. Some lenders accept alternative credit if your score is thin or nonexistent.

Question 4

Are ITIN loan rates higher than conventional?

Accepted Answer

Yes, typically. Non-QM loans carry more risk for lenders. Rates vary by borrower profile and market conditions.

Question 5

Which property types qualify in Benicia?

Accepted Answer

Most ITIN lenders finance single-family homes and condos. Multi-unit properties may have stricter requirements.

Question 6

Can I refinance an ITIN loan later?

Accepted Answer

Yes. If your credit profile strengthens over time, you may qualify for better terms down the road.

ITIN Home Loans in Benicia, CA