Question 1

Can I buy a home in Port Hueneme with only an ITIN?

Accepted Answer

Yes, ITIN loans are specifically designed for buyers without Social Security numbers. You can purchase primary residences and investment properties using your Individual Taxpayer Identification Number.

Question 2

What down payment do I need for an ITIN loan in Port Hueneme?

Accepted Answer

Most ITIN lenders require 15-20% down for primary residences and 20-25% for investment properties. Your specific down payment depends on credit strength and property type.

Question 3

Do ITIN loans have higher interest rates?

Accepted Answer

ITIN loan rates are typically higher than conventional mortgages but competitive within the non-QM space. Rates vary by borrower profile and market conditions, with strong applications earning better terms.

Question 4

How long does ITIN loan approval take in Ventura County?

Accepted Answer

ITIN loans typically take 30-45 days to close with complete documentation. Working with an experienced broker and preparing documents early helps speed the process.

Question 5

Can self-employed ITIN holders qualify for mortgages?

Accepted Answer

Yes, self-employed borrowers can use ITIN loans with tax returns or bank statements. Bank Statement Loans work especially well for business owners with strong deposit history.

ITIN Loans in Port Hueneme: Home Financing Without a Social Security Number