Loading
ITIN Loans in Fairfield
Fairfield's immigrant communities have built wealth through homeownership for decades. ITIN loans open that same path for borrowers who file taxes but don't have Social Security numbers.
Solano County's mix of single-family homes and growing neighborhoods makes it practical for ITIN borrowers. You're not limited to starter properties—condos, townhomes, and detached homes all qualify.
Most lenders require 15-20% down minimum. Credit scores typically start at 680, though some programs go to 640 with larger down payments.
You need two years of tax returns filed with your ITIN. Bank statements showing reserves help—most lenders want 6-12 months of mortgage payments saved after closing.
Income verification works like any mortgage. W-2s, 1099s, or business tax returns all count. Lenders care that you've filed consistently, not your immigration status.
ITIN loans come from non-QM lenders, not government programs. That means rates run 1-2% higher than conventional mortgages—currently around 7.5-9% depending on your profile.
Shopping lenders matters more here than with standard loans. One lender might cap you at $750K while another goes to $2M. Down payment requirements shift by 5-10% between programs.
Expect 30-45 day closings. ITIN files take longer because underwriters manually verify everything conventional loans check automatically through government databases.
Fairfield ITIN buyers often surprise themselves with how much they can afford. If you've been paying $2,500 rent reliably, lenders assume you can handle a similar mortgage.
The biggest mistake is waiting to file taxes consistently. Two years of returns is non-negotiable. If you've only filed once, start year two now and revisit homebuying in 12 months.
Self-employed ITIN borrowers have an edge if they've documented income properly. Business owners who write off everything might qualify for less than W-2 earners making the same gross.
Foreign National Loans work if you're buying as an overseas investor with no U.S. credit. But those require 30-40% down and even higher rates than ITIN programs.
Bank Statement Loans make sense for self-employed ITIN holders who can't document income traditionally. You trade tax returns for 12-24 months of business bank statements.
If you're earning steady W-2 income with an ITIN, standard ITIN programs beat both alternatives. Lower rates, smaller down payments, cleaner underwriting.
Fairfield's proximity to Travis Air Force Base keeps the rental market tight. That works in your favor—lenders see stable housing demand and lower foreclosure risk.
Property taxes in Solano County run lower than Bay Area neighbors. That improves your debt-to-income ratio since lenders count taxes in monthly payments.
The commute corridor to San Francisco and Sacramento brings property appreciation. ITIN borrowers who bought here five years ago are now refinancing into better rates with 30-40% equity.
Some lenders go to 15% down for strong credit profiles above 700. Expect higher rates and mortgage insurance in that range.
No. You can qualify solo with just an ITIN, or add another ITIN holder as co-borrower to combine incomes.
File your second year and wait. Two years of returns is the minimum for every ITIN program we access.
Most ITIN programs require owner-occupied properties. Investment property programs exist but need 25-30% down minimum.
Expect 1-2% higher. If conventional rates are 6.5%, ITIN rates run 7.5-8.5% depending on credit and down payment.
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.