• No Social Security Number Required: If you are ineligible for a Social Security number, you can use an ITIN to comply with U.S. tax laws and manage your tax returns and payments. This allows you to apply for a mortgage without needing a Social Security number.

• No Green Card Needed: ITIN loans do not require you to have legal residency or a Green Card. This makes homeownership accessible for non-U.S. citizens.

• Refinancing Opportunities: With an ITIN, you can refinance an existing mortgage. This can be advantageous if you want to take advantage of lower interest rates or adjust your mortgage terms.

• Build Credit: ITIN loans can help you build your credit history, which is crucial for future financial opportunities. By making timely mortgage payments, you can enhance your credit profile.

• Better than Hard Money Loans: ITIN mortgages often offer better terms than hard money loans, which are usually short-term, high-interest loans secured by property collateral.

• Convenient Online Application: The application process for ITIN mortgages can be completed online, making it accessible and convenient with just a computer and internet access.

• Achieve Homeownership Goals: An ITIN mortgage can help you realize the American dream of homeownership, even without a traditional Social Security number.

To qualify for an ITIN mortgage, you generally need to meet the following requirements:

• Down Payment: A down payment of at least 15% is typically required. Acceptable forms of financing include cash and gift money.
• Documentation: You must provide at least two years of tax returns under your ITIN number, or if self-employed, the last 12 months of bank statements.
• Credit Score: A minimum credit score of 600 is often required, but some lenders may consider applications with no credit score.
• Proof of Employment: You need to provide the last 30 days of pay stubs as proof of employment. For self-employed individuals, bank statements are used instead