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ITIN Loans in Dixon
Dixon homeownership isn't limited to Social Security holders. ITIN loans open doors for thousands of California taxpayers who file with an Individual Taxpayer Identification Number.
We close ITIN loans in Dixon every month. Most borrowers are self-employed workers, small business owners, or families who've been renting in Solano County for years and want to buy.
These loans work through non-QM lenders who assess income differently than traditional banks. You prove ability to pay through tax returns, bank statements, or asset documentation instead of W-2s.
Most Dixon ITIN lenders want 15-20% down. Credit scores start at 620, though 660+ gets better rates. You'll need 12-24 months of tax returns showing consistent income filed with your ITIN.
Self-employment income works fine if you've filed returns for two years. Bank statement programs exist for borrowers who can't document income through tax returns.
Reserves matter more here than conventional loans. Expect lenders to want 6-12 months of payments in savings after closing. This protects them since ITIN loans can't be sold to Fannie or Freddie.
Only specialized non-QM lenders offer ITIN loans. Big banks won't touch them because they can't sell these mortgages to government agencies.
We work with 15+ lenders who price ITIN loans competitively. Rates run 0.5-1.5% higher than conventional loans. That spread reflects the lender's portfolio risk, not your creditworthiness.
Shopping matters enormously here. One lender might charge 7.5% while another offers 6.8% for the same borrower profile. We compare all our ITIN lenders on every Dixon deal.
The biggest mistake Dixon ITIN borrowers make is not filing tax returns to minimize taxes. Lenders need documented income. If you show $20,000 income on your return but deposit $80,000 yearly, that $20,000 is what qualifies you.
Start cleaning up tax filing now if you're planning to buy in 12 months. File returns showing realistic income for two consecutive years. This opens significantly better loan options.
Married couples where one spouse has an SSN and one has an ITIN can sometimes get better terms using the SSN holder as primary borrower. We structure deals based on your specific documentation.
Bank Statement Loans let you qualify using deposits instead of tax returns. Good option if you're self-employed but haven't filed returns showing enough income. Rates similar to ITIN loans.
Foreign National Loans work for non-residents buying investment property in Dixon. Different structure, higher down payments, but no US credit required.
Asset Depletion Loans qualify you based on savings and investments rather than income. Works if you have substantial assets but limited documented income on tax returns.
Dixon's agricultural economy means many ITIN borrowers work in farming, food processing, or related businesses. Seasonal income gets averaged across 12 months if you show two years of consistent work.
Solano County properties under $800,000 give you the most lender options. Above that, you're looking at jumbo ITIN loans with fewer lenders and higher rates.
Property condition matters more than conventional loans. Most ITIN lenders won't finance fixers. The home needs to be move-in ready and appraise cleanly.
Yes. ITIN loans are designed specifically for borrowers without Social Security numbers who file taxes with an Individual Taxpayer Identification Number. You'll need typical mortgage documentation plus tax returns filed with your ITIN.
Most lenders want 15-20% down for ITIN loans in Dixon. Some programs go as low as 10% with strong credit and reserves. Higher down payments get better rates since these are portfolio loans.
ITIN loan rates typically run 0.5-1.5% higher than conventional mortgages. The spread varies significantly between lenders. Rates vary by borrower profile and market conditions, so shopping multiple lenders is critical.
Absolutely. Most Dixon ITIN borrowers are self-employed. You'll need two years of tax returns filed with your ITIN showing consistent income. Bank statement programs exist if tax returns don't show enough income.
Yes, though most lenders prefer primary residence purchases. Investment property ITIN loans require larger down payments, typically 25-30%. Rates run slightly higher than owner-occupied ITIN loans.
Figure 30-45 days from application to closing. ITIN loans require manual underwriting since they're non-QM products. Having complete tax returns and bank statements ready speeds the process significantly.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.