Question 1

Can I buy a home in Patterson without a Social Security number?

Accepted Answer

Yes. ITIN loans are designed for this. You'll need a valid ITIN and two years of filed tax returns.

Question 2

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

Accepted Answer

Most programs require 20% down. Some lenders go lower, but expect stricter terms at higher LTV.

Question 3

Are ITIN loan rates higher than regular mortgage rates?

Accepted Answer

Yes. ITIN loans are non-QM, so rates run above conventional. Rates vary by borrower profile and market conditions.

Question 4

What documents do ITIN borrowers need?

Accepted Answer

Two years of ITIN tax returns, proof of income, bank statements, and documentation of your down payment source.

Question 5

Can I use cash income to qualify for an ITIN loan in Patterson?

Accepted Answer

Only if it's reported on your tax returns. Undocumented cash income won't count toward qualification.

Question 6

Does my immigration status affect ITIN loan approval?

Accepted Answer

ITIN lenders don't require legal residency. The focus is on income stability, credit history, and down payment.

ITIN Home Loans in Patterson, CA