ITIN Mortgage Loan Guidelines
The ITIN mortgage loan has more specific requirements compared to other loan programs. Learn more below to see if you can use this option to your advantage when purchasing a home.
10% Down Payment
Step into your new home with a 10% down payment.
2 Years Tax Returns
This program requires 2 years tax returns and 2 months bank statements.
43% Max DTI
Your debt-to-income ratio should be no more than 43%.
Overview of the ITIN Loan
Individual tax identification number or ITIN Number Loan Product is for foreigners or aliens who do not have proper documentation or a Social Security Number. Borrowers must provide a legal ability to work in the United States.
In addition to this program, the property must be owner occupied. The loan for the property must have a minimum loan size of $150,000. As mentioned above the purchaser must bring 2 years worth of tax returns and 2 months worth of bank statements.
The maximum debt to income ratio should be no more than 43%. And the borrowers should have a current and valid foreign passport.
Benefits of the ITIN Loan
There are additional pros of going with this program when purchasing your home.
Our Past Clients Love Us

