The ITIN Mortgage Master Guide
You don't need a Social Security Number to own a home in the United States. If you have an ITIN and a steady income, the door is open.
The Real Problem
Many ITIN holders believe they must pay 100% cash or use predatory "rent-to-own" schemes. Others are told by big banks that they simply cannot qualify without a SSN. Both are false.
The Short Answer
ITIN loans are "Non-QM" products. Lenders look at your work history and down payment rather than just a government ID. You typically need 15% down and 2 years of work history.
Down Payment
Usually 15-20%. Some programs allow 10% with a strong credit history (even alternative credit like rent/utilities).
Income Proof
Full doc (Tax returns) or Bank Statements. We can even use 1099s for independent contractors.
Credit Strategy
No credit? No problem. We can build a "nontraditional" credit profile using your on-time rent and phone bill payments.
ITIN Decision Framework
Scenario A: You have 2 years of tax returns
Go with a "Full Doc" ITIN loan. This offers the lowest possible interest rate for ITIN holders.
Scenario B: You are self-employed with many deductions
Use the ITIN Bank Statement program. We'll use your gross deposits instead of your net tax income.