Question 1

Can I get a home loan in Waterford with just an ITIN?

Accepted Answer

Yes. ITIN loans are designed for borrowers without an SSN. You need a valid ITIN, tax history, and a down payment.

Question 2

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

Accepted Answer

Most ITIN lenders require 10-20% down. The exact amount depends on the lender and your overall file strength.

Question 3

Do ITIN loans have higher interest rates?

Accepted Answer

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.

Question 4

What documents do I need for an ITIN loan?

Accepted Answer

Bring your ITIN, two years of tax returns, 12 months of bank statements, and proof of employment or income.

Question 5

Are ITIN loans available for properties in Stanislaus County?

Accepted Answer

Yes. Non-QM lenders lend throughout California, including Waterford and the broader Stanislaus County area.

Question 6

What if I have no U.S. credit history?

Accepted Answer

Some ITIN lenders accept non-traditional credit like rent and utility payment history. A larger down payment helps offset thin credit.

ITIN Home Loans in Waterford, CA