California ITin Home Mortgages
No Credit Impact Mortgage Prequalification
California ITIN Home Mortgage Lender
Welcome to Capital Home Mortgage California, where we strive to provide California’s ITIN homebuyers and homeowners alternative options to purchase, refinance, or cash out home loans.
California ITIN Home Mortgages are designed for individuals who do not have a Social Security Number (SSN) but have an Individual Taxpayer Identification Number (ITIN). These loans cater to borrowers, including non-residents, undocumented individuals, and foreign nationals, looking to purchase or refinance a home in California.
Capital Home Mortgage California can guide purchasers through this non-traditional mortgage path, offering individualized solutions. Our extensive experience and dedication to customer service make us a dependable option for California Non-QM loans.
Call today (888) 620-7744 to speak to a California ITIN Mortgage Specialist.
California ITIN Home Loans
Individual Tax Identification Number (ITIN) loans are for borrowers who do not have Social Security numbers. Borrowers with ITIN cards can qualify for a mortgage as long as they meet the eligibility requirements. ITIN loans are full doc non-QM mortgages offering flexibility for individuals residing in the United States.
- Purchase, Rate & Term, Cash-Out
- Primary Only
- Minimum Credit 640
- Maximum LTV 75%
- Up to 50% DTI
- Non Warrantable Condos Allowed
- One Year Seasoning Foreclosures
- Two Year Seasoning Bankruptcy
- Minimum Loan 125K
- Maximum Loan 2.5M
Key Features of California ITIN Home Mortgages
Eligibility Without SSN
- Borrowers qualify using an ITIN instead of an SSN.
- Proof of steady income and residency is required.
Flexible Documentation
- No requirement for traditional credit scores or U.S. residency.
- Lenders often accept alternative credit histories (e.g., utility or rent payment records).
Loan Process
- Available for primary residences, with some lenders offering options for second homes or investment properties.
Down Payment
- Down payments typically range from 10-20%, depending on the borrower’s creditworthiness and financial situation.
- Larger down payments may improve loan terms.
Loan Amounts
- Loans can accommodate California’s high home prices, including jumbo loans in areas like Los Angeles, San Francisco, and San Diego.
Interest Rates
- Rates are higher than traditional loans due to increased risk and limited borrower documentation.
Benefits of California ITIN Home Mortgages
- Accessible Homeownership: Helps ITIN holders achieve homeownership without an SSN.
- Flexible Qualification: Alternative credit and income documentation are accepted.
- High Loan Limits: Suitable for California’s expensive housing market.
- Path to Building Equity: Offers opportunities for long-term wealth building through real estate.
Eligibility Requirements for California ITIN Home Mortgages
Itin Documentation
- Valid ITIN number.
- Proof of filing taxes for the last 1-2 years.
Income Documentation
- Steady income must be demonstrated through:
- Pay stubs.
- Bank statements (typically 12-24 months).
- Profit and loss (P&L) statements for self-employed borrowers.
Credit History
- Alternative credit options may include rent payments, utility bills, or other non-traditional credit sources.
Down Payment
- Minimum of 10-20% depending on the lender and property type.
Debt to Income (DTI)
- Lenders often require DTI ratios below 43%, though exceptions may be made for borrowers with strong financial reserves.
Residency
- Borrowers must reside in the U.S. and provide proof of residency, such as utility bills or lease agreements.
Property Eligibility for California ITIN Home Mortgages
- Single-family homes
- Condos and townhomes
- Multi-family units (limited lender options)
- Manufactured homes (case-by-case basis)
Loan Process for California ITIN Home Mortgages
- Prequalification: Borrowers provide ITIN, proof of income, and supporting documentation to estimate eligibility.
- Application: Formal application includes property appraisal, verification of income, and credit checks (if applicable).
- Approval: Approval is based on the borrower’s financial profile, property value, and down payment amount.
- Closing: Lenders provide final terms, and borrowers close with funds for the down payment and closing costs.
who should consider a California ITIN Home Mortgages
- Non-Citizen Residents: Individuals living and working in California without an SSN.
- Self-Employed Borrowers: ITIN holders with alternative income sources.
- First-Time Homebuyers: Those looking to purchase their first home and establish financial stability.
- Foreign Nationals: Non-U.S. citizens investing in California real estate.
Challenges of California ITIN Home Mortgages
- Higher Down Payments: ITIN loans require more equity than traditional mortgages.
- Limited Lender Options: Not all lenders offer ITIN mortgages, which can limit availability.
- Higher Interest Rates: Reflecting the increased risk and specialized nature of these loans.
California Non Qualified Mortgage Rates
Have you ever wondered why interests rates are what they are and what determines the final rate? Why borrowers receive different interest rates? Or why rates go up and down? Interest Rates are calculated using several factors.
- Demand for Mortgage Securities
- Property Securing the Mortgage
- Occupancy of the Property
- Loan to Value of the Property
- Borrower’s Credit Worthiness
Why California is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Fees
Exceptional Service
7 Day a Week Support Application to Funding
California Mortgage Company Reviews
California Mortgage Team
California Mortgage Programs
California Purchase loans
Looking to Purchase a California Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
California Renovation Loans
Looking to Rehab a California Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
California FHA Home loans
Great First Time California Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
California va Home Loans
100% Financing for California Veterans
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
California Conventional loans
Flexibility for California Homebuyers
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
California Jumbo Home Loans
California Non-Conforming Mortgage Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
California USDA Home loans
100% California Rural Home Mortgages
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
California Native american Loans
California Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
California Manufactured loans
Great California Affordable Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
California Reverse Mortgages
Your California Home at Work for You
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
California Non QM Home loans
Making California Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
California construction Loans
Build Your California Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
California Refinance Home Loans
California Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
California Cashout Home Loans
California Equity Cash Out Mortgages
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
