Question 1

Can I buy a home in Simi Valley with just an ITIN?

Accepted Answer

Yes. Non-QM lenders approve ITIN borrowers regularly. You'll need documentation, a down payment, and a qualifying ITIN on file with the IRS.

Question 2

What down payment do ITIN loans require?

Accepted Answer

Most lenders require 10-20% down. A larger down payment often means better rates. Rates vary by borrower profile and market conditions.

Question 3

Do I need a US credit score to qualify?

Accepted Answer

Not always. Some lenders accept foreign credit reports or alternative credit like rent and utility payment history.

Question 4

Are ITIN loan rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM products carry more lender risk. That said, rates vary by borrower profile and market conditions — shop multiple lenders.

Question 5

How long does the ITIN loan process take?

Accepted Answer

Expect 30-45 days from application to close. Document prep is usually the longest part — have your file ready before you apply.

Question 6

Can I use rental income to qualify for an ITIN loan?

Accepted Answer

Some lenders allow it. Documented rental income on your ITIN tax returns strengthens your file significantly.

ITIN Home Loans in Simi Valley, CA