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Waterford has a strong working-class base. Many residents earn steady income but don't have a Social Security number.
ITIN loans exist specifically for this gap. If you file taxes with an ITIN, you can still buy a home here.
Varies by lender
Min Credit Score
10-20% typical
Down Payment
2 years
Tax Returns Required
12 months
Bank Statements
Non-QM
Loan Type
ITIN Loans in Waterford
You need a valid ITIN and at least two years of tax returns. Lenders want to see you've been filing consistently.
Most ITIN lenders require 10-20% down. Credit history helps, but some lenders work with thin or non-traditional credit files.
Local decision guide
Use this guide to connect itin loans eligibility, lender expectations, and local market factors before comparing payment options in Waterford.
Waterford has a strong working-class base. Many residents earn steady income but don't have a Social Security number.
ITIN loans exist specifically for this gap. If you file taxes with an ITIN, you can still buy a home here.
You need a valid ITIN and at least two years of tax returns. Lenders want to see you've been filing consistently.
ITIN loans are non-QM — non-traditional loans that banks rarely offer. You won't find these at a standard retail bank branch.
Wholesale lenders who specialize in non-QM programs carry these. That's exactly where a broker with wide lender access makes a difference.
The biggest mistake I see: borrowers assume they can't buy because they lack an SSN. That assumption costs them years of equity.
ITIN files need clean documentation. Bring two years of tax returns, 12 months of bank statements, and proof of steady income.
Foreign National loans are a cousin product — but those don't require U.S. tax filing. ITIN loans are built for U.S.-based borrowers.
Bank Statement loans can pair well if your tax returns show lower income. Some lenders offer hybrid options for ITIN borrowers.
Stanislaus County's agricultural economy employs many workers paid in cash or by seasonal contract. ITIN borrowers are common here.
Waterford's price points are more accessible than Bay Area markets. That lower entry cost makes down payment requirements more manageable.
Yes. ITIN loans are designed for borrowers without an SSN. You need a valid ITIN, tax history, and a down payment.
Most ITIN lenders require 10-20% down. The exact amount depends on the lender and your overall file strength.
Yes, typically higher than conventional loans. They're non-QM products, so lenders price in more risk. Rates vary by borrower profile and market conditions.
Bring your ITIN, two years of tax returns, 12 months of bank statements, and proof of employment or income.
Yes. Non-QM lenders lend throughout California, including Waterford and the broader Stanislaus County area.
Some ITIN lenders accept non-traditional credit like rent and utility payment history. A larger down payment helps offset thin credit.