What is a ITIN loan?
An ITIN mortgage loan is a specialized home financing option for non-U.S. citizens such as immigrants, DACA recipients, or foreign nationals who do not have a Social Security number but possess an Individual Taxpayer Identification Number (ITIN). These non-qualified mortgages (non-QM) allow borrowers to buy homes or refinance, typically requiring higher down payments (10%–25%) and documentation of two years of tax returns and income.
Benefits of ITIN Loan
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Low Down Payment Options
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Inclusive Eligibility: Qualification does not rely on a Social Security Number, making them suitable for immigrants, non-residents, and those without SSNs.
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Flexible Requirements: With a minimum credit score requirement of 660 and flexible criteria, qualifying for ITIN programs is more attainable.