Rates on ITIN loans are often higher than conventional loans due to added risk and fewer lender options. However, they can still provide a valuable path to homeownership for borrowers who otherwise would not qualify.
ITIN loans are designed for borrowers who file U.S. taxes with an Individual Taxpayer Identification Number instead of a Social Security number. These programs may offer flexible documentation options to help eligible buyers purchase or refinance a home, making homeownership possible with an ITIN.
ITIN loans are mortgage programs designed for non-U.S. citizens and foreign nationals who do not have a Social Security Number but have a valid Individual Taxpayer Identification Number (ITIN). These loans offer financing for homebuyers who live and work in the U.S. but do not qualify for traditional mortgage programs.
ITIN loans are ideal for immigrants, foreign nationals, self-employed workers, and individuals without legal residency status who want to buy a home. If you have an ITIN, steady income, and a down payment, you may qualify for a mortgage even without U.S. citizenship or a Social Security Number.
Unlike conventional loans that require a Social Security Number, ITIN loans allow borrowers to qualify using their ITIN, bank statements, tax returns, and proof of income. Lenders assess financial stability based on employment history, creditworthiness, and down payment amount.
ITIN loans are available as fixed-rate and adjustable-rate mortgages (ARMs). Some lenders offer portfolio loans for borrowers with unique financial situations. These loans can be used for primary residences, second homes, and investment properties, depending on lender guidelines.
ITIN loans provide a homeownership path for non-U.S. citizens who may not qualify for traditional loans. They offer flexible credit requirements, alternative income verification, and competitive loan terms. Borrowers can finance single-family homes, multi-unit properties, and condos.
If you have an ITIN, proof of income, and a down payment, an ITIN loan can help you achieve homeownership. Whether you’re a first-time homebuyer or looking to invest in property, ITIN loans offer an opportunity to secure mortgage financing without a Social Security Number.
Jon Shrum, President of KMC Financial and Team Shrum, helps ITIN borrowers navigate home financing with clear guidance and respect. He explains documentation, explores flexible programs, and works to find competitive options so you can move forward with confidence. With integrity and a personal approach, Jon makes homeownership more accessible without a Social Security number.
ITIN loans are designed for borrowers who file taxes with an Individual Taxpayer Identification Number instead of a Social Security number. These FAQs explain how ITIN mortgages work, who may qualify, documentation needed, and how these programs can help make homeownership possible.
An ITIN loan is a mortgage for borrowers who use an Individual Taxpayer Identification Number to file U.S. taxes instead of a Social Security number. These loans allow eligible non U.S. citizens and foreign nationals to buy or refinance a home.
ITIN loans are typically for borrowers who live and work in the U.S., file taxes with an ITIN, and can document income and assets. Guidelines vary by lender, but stable income and good payment history are key.
Common documents include your ITIN letter, government issued photo ID or passport, tax returns filed with the ITIN, proof of income, and bank statements. Some lenders may also require proof of residency.
Many ITIN programs require larger down payments than traditional loans, often around 10 percent to 20 percent or more, depending on credit, income, and the lender’s guidelines.
Borrowers may qualify using alternative credit, such as rent payments, utility bills, or other recurring obligations, if they do not have traditional U.S. credit. Some lenders also accept established credit profiles.
Yes. ITIN loans can be used to buy a primary residence or refinance an existing mortgage, including rate and term refinances. Cash out options may be available depending on the program.
Rates on ITIN loans are often higher than conventional loans due to added risk and fewer lender options. However, they can still provide a valuable path to homeownership for borrowers who otherwise would not qualify.