ITIN Loans

Indeed No problem. A ITIN mortgage is a type of non-QM loan. ITIN loans are a unique kind of loan for individuals that may not have the traditional documentation needed to obtain mortgage loans. ITIN loans can be a suitable option for individuals who do not have a Social Security Number. Using their ITIN, these individuals have a path toward homeownership as they can get a mortgage loan with their ITIN.

Our ITIN Loan Program makes buying a home much easier when you don't have a social security number. While the guidelines on these loans are different than conventional, conforming or other federally insured loan programs, we are confident that our loan program can meet your needs. we will make it happen.

An ITIN can be issued to a U.S. resident alien or non-resident alien that files a tax return and is not eligible for a Social Security Number. An ITIN can also be issued to dependents and/or spouses of a U.S. citizen or resident alien.

However, a key distinction to note is that an ITIN isn’t just for resident and non-resident aliens. ITINs are issued to anyone who files a U.S. tax return and has payment responsibilities, regardless of immigration status. The difference in the case of an ITIN loan, the number acts as a form of identification that can be used if a Social Security Number is not an option.

ITIN home loans have many benefits for those wanting to pursue homeownership. While the application process may seem daunting for getting ITINs, it makes the path toward getting a mortgage more accessible for many.

Some of the benefits of an ITIN home loan are:

• Social Security cards are not required: For many, documentation like Social Security cards can often present a significant barrier to obtaining mortgage loans. ITIN loans are an alternative if you are not eligible for a Social Security Number that provides the level of identification needed for a mortgage.
• Residency flexibility: For those seeking homeownership but do not have legal residency status in the U.S., lending institutions may work with you to obtain an ITIN home loan instead.
• Credit building: ITIN home loans are also a path toward building and improving credit scores. With each successful repayment of the ITIN home loan installment, you have an opportunity to build credit - that has a domino effect in other areas of life.
• More sustainable to pay back: For those without a Social Security Number, finding suitable loan options can be incredibly difficult. With ITIN loans, homeownership does not have to come with hard money loans and significantly higher interest rates compared to ITIN loans. You can work with your lending institution to identify and apply for an ITIN loan that works for your circumstances long-term.

• - Max 80% LTV Purchase
• - Max 75% LTV C/O Refinance
• - Loan amounts up to $1M
• - Qualify WVOE and two months bank statements reflecting ACH direct deposits from employer, Self Employed 12 months Personal or Business bank statements, ATR in Full/Asset Depletion
• - Investor ATR – qualify ITIN full doc or self-employed bank statements and DSCR financing up to 80%
• - 2-year income history
• - Valid government issued ID
• - No Reserves required

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