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ITIN Mortgage Loan

For Borrowers who do not have a Social Security number

  • 12 or 24-Month Bank Statement Options
  • Full Documentation Option
  • Purchase or Rate & Term Available: Up to $750,000
  • ash-Out Refi Available: Up to $550,000 with 75% LTV and 680 FICO
  • Maximum DTI: 50% Purchase or Rate & Term / Maximum DTI: 43% Refi Cash Out
  • SFR, PUD, Townhomes, Duplexes, and Warrantable condos only (9 stories or less)
  • Primary Residences Only
  • ​​​​​Terms Available: 30 year or 15 year fixed
  • 3 Months Reserves
  • Gifts allowed (up to 50% of downpayment)
  • No Escrow Waivers. No Interest Only

Min Fico

640

Max LTV

80%

Individual Tax Identification Number (ITIN) loans are for borrowers who do not have Social Security numbers. Borrowers with ITIN cards can qualify for a mortgage as long as they meet the eligibility requirements. This loan product is a full doc non-QM mortgage offering flexibility for individuals residing in the United States.

FAQ's

What is an ITIN mortgage loan?
Individual Tax Identification Number (ITIN) loans are for people who are not eligible for Social Security numbers. ITIN loan requirements can vary by lender. Borrowers who use ITIN cards for identification and tax purposes should call a lender to discuss requirements and eligibility.
Can a borrower without a Social Security card use an ITIN card to get a mortgage?
Yes, an ITIN mortgage loan allows ITIN card holders to obtain a mortgage. ITIN is used in lieu of Social Security for identification purposes. The borrower would also need to meet all of the requirements to be eligible for an ITIN mortgage loan.
Is an ITIN mortgage loan a full doc loan?
Yes. These loans require documentation and information to determine a borrower’s eligibility. Documentation and information needed will vary based on a borrower’s circumstances. A lender can advise on what is needed to qualify for this loan type.

What is the benefit to originators who use non-QM loan products?

Originators who utilize non-QM offer a service that their competition may not offer. They become an expert and go-to for the non-QM borrower. The benefit is increased referrals and business growth despite changes in the market. Continue to increase your volume each year regardless of fluctuating interest rates, tighter Agency guidelines, and a slowing refinance market.

Additional Program Options

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