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Simi Valley has a large immigrant community. Many residents work, pay taxes, and build lives here — without a Social Security number.
ITIN loans exist for exactly this borrower. You have an Individual Taxpayer Identification Number and want to buy. Lenders exist who will work with that.
Varies by lender
Min Credit Score
No — ITIN accepted
SSN Required?
10-20% typical
Down Payment
12-24 months
Bank Statements
Non-QM / Portfolio
Loan Type
ITIN Loans in Simi Valley
You need a valid ITIN issued by the IRS. Lenders also want to see 12-24 months of bank statements or tax returns filed with that ITIN.
Credit history is evaluated differently here. Some lenders accept alternative credit — utility bills, rent history, or foreign credit reports.
Local decision guide
Use this guide to connect itin loans eligibility, lender expectations, and local market factors before comparing payment options in Simi Valley.
Simi Valley has a large immigrant community. Many residents work, pay taxes, and build lives here — without a Social Security number.
ITIN loans exist for exactly this borrower. You have an Individual Taxpayer Identification Number and want to buy. Lenders exist who will work with that.
You need a valid ITIN issued by the IRS. Lenders also want to see 12-24 months of bank statements or tax returns filed with that ITIN.
Big banks won't touch ITIN loans. This is a non-QM product, meaning it lives exclusively with portfolio and wholesale lenders.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in ITIN programs with competitive terms for Ventura County borrowers.
The biggest mistake ITIN borrowers make is waiting. They assume homeownership isn't possible without a Social Security number. It is.
Document everything now. Two years of tax returns filed under your ITIN, plus 12 months of bank statements, puts you in a strong position.
Foreign National loans are similar but target non-residents. ITIN loans are built for borrowers who live and work in the US full-time.
Bank Statement loans overlap in documentation style. Some ITIN borrowers qualify for both — we compare programs to find the better rate.
Simi Valley sits in Ventura County, where home prices stay competitive relative to LA County neighbors. That matters for down payment planning.
The city's working-class neighborhoods have strong owner-occupancy rates. ITIN borrowers buying here are investing in a stable, established community.
Yes. Non-QM lenders approve ITIN borrowers regularly. You'll need documentation, a down payment, and a qualifying ITIN on file with the IRS.
Most lenders require 10-20% down. A larger down payment often means better rates. Rates vary by borrower profile and market conditions.
Not always. Some lenders accept foreign credit reports or alternative credit like rent and utility payment history.
Yes, typically. Non-QM products carry more lender risk. That said, rates vary by borrower profile and market conditions — shop multiple lenders.
Expect 30-45 days from application to close. Document prep is usually the longest part — have your file ready before you apply.
Some lenders allow it. Documented rental income on your ITIN tax returns strengthens your file significantly.