ITIN Video Overview
If you live, work, and pay taxes in the U.S. but don’t have a Social Security Number, ITIN loans provide a proven path to homeownership using alternative income and flexible underwriting.
What is an ITIN Loan?
An ITIN loan is a Non-QM (non-qualified mortgage) designed for borrowers who use an Individual Taxpayer Identification Number instead of an SSN to qualify for a home loan
These loans use flexible guidelines to help clients with non-traditional income qualify for homeownership.
Key Points:
- Enables homeownership without a Social Security Number
- Designed for non-U.S. citizens, foreign nationals, and undocumented borrowers
- Uses alternative documentation for income and credit
- Typically offered by non-QM lenders and portfolio banks
What Can you Buy?
- Single-family homes
- Condos & townhomes
- 2–4 unit properties (live in one, rent the rest)
- Investment residential properties (not owner occupied, 1 – 8 unit)
Who ITIN Loans are for?
Who This Program Helps
- First-time homebuyers without SSN
- Self-employed borrowers
- 1099 / independent contractors
- Bank Statement Loans
- P&L Loans
- Asset Based Loans
- Borrowers with limited or no traditional credit
- Borrowers declined by traditional banks
- Full Doc Loans (i.e., W2, Tax Reports)
- Investors – Debt Service Coverage Ratio (DSCR) Loans
A Real Path to Homeownership — No Hype
Most ITIN loan programs require 10–15% down, depending on your financial profile. Some buyers may qualify for lower down payment options—but we focus on giving you a clear and honest path to approval.
Typical ITIN Guidelines
| Feature | Typical Range |
|---|---|
| Loan Type | Non-QM Mortgage |
| Use | Purchase, Refinance, Cash Out |
| Occupancy | Primary, 2nd home, Investment |
| Property Type | 1-4 Units, 5 - 8 Units, Condos, Single Family |
| Min Credit Score | ~ 660+ (No Score Programs Available) |
| Max LTV | 75% - 85% (Rare occasion 90%) |
| Down Payment | 15% - 25% (Rare occasion 10%) |
| Reserve Range | 3 to 12 months |
| Loan Amount | Up to $1M to $2.5M |
| Terms | 30 Years Fixed, ARM Option |
Documentation Requirements
- Valid ITIN (letter or card)
- Government-issued photo ID (passport, etc.)
- Consistent income (1–2 years)
- Down payment & reserves
- Credit profile (or alternative history)
- Proof of income
- 12–24 months bank statements
- 1099s + YTD income
- Tax filing history with ITIN
- Tax returns + P&L (Full Doc)
- Employment Verification
ITIN Flyer
ITIN Pre-Qualification Form
Frequently Asked Questions
What is an ITIN loan?
An ITIN loan is a mortgage designed for borrowers who do not have a Social Security Number but instead use an Individual Taxpayer Identification Number (ITIN) to buy or refinance a home.
Can I really buy a home without a Social Security Number?
Yes. ITIN loans are specifically designed to make homeownership possible for borrowers without an SSN, as long as they can show income, tax filing history, and ability to repay.
Who qualifies for an ITIN loan?
ITIN loans are ideal for:
- Borrowers without a Social Security Number
- Self-employed or 1099 earners
- First-time homebuyers
- Borrowers declined by traditional banks
What credit score do I need?
- Typical minimum: 600–660 FICO (harder to obtain)
- Better terms at 660–700+ (the norm)
- Some programs allow. – No credit score (with alternative credit)
How much do I need for a down payment?
- Typical: 15%–25% down
- Lower down options may be available with strong credit
- Higher down may be required for:
- Lower credit
- Investment properties
What types of properties can I buy?
- Primary residences
- Second homes (in some programs)
- Investment properties
Typical properties:
- Single-family homes
- Condos
- 2–4 unit properties (Investments)
Can I qualify if I’m self-employed?
Yes. ITIN loans are designed for self-employed borrowers.
You can qualify using:
- Bank statements (12–24 months)
- Business bank statements
- 1099 income
- Profit & Loss statements
Do I need tax returns?
Not always.
Options include:
- Full documentation (tax returns)
- Bank statement programs (no tax returns required)
What if I don’t have a traditional credit score?
You may still qualify using alternative credit, such as:
- Rent payments
- Utility bills
- Phone bills
- Insurance payments
What documents are required?
Basic requirements:
- Valid ITIN (letter or card)
- Government-issued ID (passport, etc.)
- Proof of income
Additional documents may include:
- Bank statements or tax returns
- Proof of residency
- Down payment funds
How long does it take to close?
- Typical closing time: 2–4 weeks with non-QM lenders
- Depends on documentation and appraisal
Are interest rates higher?
Yes, in most cases:
- ITIN loans typically have slightly higher rates than conventional loans
- Rates improve with:
- Higher credit
- Lower LTV
- Strong income
Why not just go to a bank?
Most banks:
- Require a Social Security Number
- Have strict documentation rules
ITIN lenders:
- Accept alternative documentation
- Work with real-life income
- Offer flexible approvals
Can I refinance with an ITIN loan?
Yes. Options include:
- Rate & term refinance
- Cash-out refinance
What are the biggest factors for approval?
- Consistent income (1–2 years)
- Tax filing history with ITIN
- Down payment
- Credit or alternative credit
- Reserves
What if I was denied by another lender?
Many ITIN borrowers are approved after being denied elsewhere because:
- Guidelines vary by lender
- Non-QM programs are more flexible
- Income can be evaluated differently
