Question 1

Can I get an ITIN loan without a green card?

Accepted Answer

Yes. ITIN loans don't require permanent residency. You need a valid ITIN and US tax filing history.

Question 2

How much do I need to put down in Farmersville?

Accepted Answer

Most ITIN lenders require 15–25% down. Farmersville's lower home prices make this more manageable than in larger cities.

Question 3

Will my interest rate be higher than a conventional loan?

Accepted Answer

Yes, typically. ITIN loans are non-QM and carry more lender risk. Rates vary by borrower profile and market conditions.

Question 4

What documents do ITIN lenders want?

Accepted Answer

Expect two years of tax returns, your ITIN letter, bank statements, and proof of income. Some lenders add employment verification.

Question 5

Can I buy a home if I'm self-employed with an ITIN?

Accepted Answer

Yes. Self-employed ITIN borrowers are common. A bank statement loan may actually work better depending on your write-offs.

Question 6

Is there a maximum loan amount for ITIN loans?

Accepted Answer

Limits vary by lender — there's no government cap. In Farmersville, most purchases fall well within typical ITIN lender limits.

ITIN Home Loans in Farmersville, CA