ITIN Mortgage Loan Program
The ITIN Mortgage Loan Program is tailored for
Non-USA Citizens who do not have a Social Security
Number but possess an ITIN and wish to purchase or invest
in property within the United States.
This program facilitates home buying for immigrants,
foreign nationals, and other individuals who have an
ITIN and earn income in the USA, It provides an
opportunity for those who have been historically underserved by
traditional mortgage programs to own a home or invest
in real estate.
Scenarios and Potential Applicants:
- Immigrants and non-resident aliens looking to purchase a home in the U.S.
- Foreign nationals who have income in the U.S. and wish to invest in real estate.
- Individuals who have built a credit history with their ITIN and are seeking to buy property.
- Self-employed and wage earner individuals with an ITIN who can demonstrate steady income.
Requirements:
- Must have an Individual Taxpayer Identification Number (ITIN).
- Proof of steady income and employment, which can include tax returns and bank statements.
- Sufficient down payment, which may vary by lender but is typically higher than for SSN holders.
- Credit history, which can be established through utility bills, rent payments, and other forms of non-traditional credit.
