What documents and down payment are needed for an ITIN loan?

Depending on the program, income may be documented with tax returns, pay records, 1099s, personal or business bank statements, or other approved evidence. Lenders may also consider traditional credit or alternative history such as rent, utilities, and other recurring obligations.

Down payment requirements are lender- and file-specific. Credit strength, occupancy, property type, income method, and reserves can all affect the minimum and pricing. Gift funds may be allowed under some programs if properly documented.

All funds should be traceable. Avoid unexplained cash deposits or last-minute transfers, and tell the loan officer about any gift before moving the money.