What is an ITIN Loan?
An ITIN loan is a mortgage designed for individuals who file taxes using an Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number. The ITIN is issued by the IRS for those who are not eligible for an SSN but still report income and pay taxes.
💬 In short: No SSN? No problem. If you’ve been financially responsible and have basic documentation, you may qualify! 💪
👨👩👧👦 Who Can Benefit from an ITIN Loan?
ITIN loans help borrowers committed to the American dream — even without traditional documentation. You may benefit if:
- 🌎 You’re an immigrant living in the U.S. without a green card or SSN
- 🧾 You file taxes using an ITIN
- 💼 You have steady income (W-2, self-employed, or even cash income with docs)
- 💳 You pay rent and bills on time and can show proof
💥 We’ve helped families who thought homeownership was out of reach — only to close in 30–45 days!
🛠️ How Do ITIN Loans Work?
ITIN loans are typically funded by non-QM lenders or specialized banks outside of Fannie Mae/Freddie Mac guidelines. Here’s the breakdown:
💰 Loan Types:
- Fixed-rate or adjustable-rate
- Purchase, refinance, or cash-out
- Owner-occupied, second home, and some investment properties
💵 Down Payment:
- Typically 10%–20%
- Gift funds often allowed
📊 Credit:
- No FICO score needed in some cases
- Rental history, utilities, and even international credit may be used
📉 Rates & Terms:
- Slightly higher than conventional
- 30-year fixed or 5/7/10-year ARMs available
📄 Documentation You’ll Need
To get pre-approved, you’ll need to show stability, income, and creditworthiness. Most lenders ask for:
- 🆔 Valid, unexpired ITIN
- 📑 2 years of tax returns
- 💼 Proof of income (W-2s, 1099s, P&L if self-employed)
- 🏦 2–3 months of bank statements
- 🌐 Valid ID (passport, consular ID, etc.)
- 🏘️ Rental history (via bank or landlord letter)
💡 Bonus Tip: Some lenders even accept foreign income or assets!
🚫 Common Misconceptions About ITIN Loans
Let’s bust some myths:
❌ Myth 1: ITIN loans are illegal.
✅ False. They are 100% legal and federally compliant.
❌ Myth 2: You can’t qualify if self-employed or paid in cash.
✅ Not true. With tax returns or bank records, you absolutely can.
❌ Myth 3: You’ll get scammed or overcharged.
✅ Not with us! We shop your loan and explain everything clearly.
🌱 Why ITIN Loans Matter for Communities
🏘️ Homeownership creates generational wealth, stabilizes neighborhoods, and uplifts families. For many immigrants, ITIN loans are a bridge to a better future — and we’re proud to help build it. ❤️
🧑💼 How Real Estate Agents Can Help
Realtors — don’t miss this market! ITIN buyers are loyal, motivated, and often well-rooted in their communities. Here’s how to serve them better:
- 🤝 Partner with lenders who know ITIN guidelines
• 📆 Set realistic timelines & expectations
• 💗 Lead with empathy and guidance
📣 Want to stand out? Market to ITIN clients — we’ve got your back!
💼 Fresh Home Loan’s Approach to ITIN Lending
At Fresh Home Loan Inc., we work with trusted lenders to offer fast, fair, and transparent ITIN mortgage solutions. Whether it’s your first home or your next investment — we’re here for you, every step of the way. ✅
🚀 Ready to Get Started?
Know someone who could benefit from an ITIN loan? Let’s make homeownership happen — the right way, with support and clarity from day one. 🏠✨
Let’s build your future — together.
Garrick Werdmuller
Independent Mortgage Broker
DRE BRKR 01368202 | NMLS 242952
📞 510.282.5456 | 📠 510.225.0382
✉️ garrick@freshhomeloan.com
🌐 freshhomeloan.com
🏢 1151 Harbor Bay Parkway, Suite 136, Alameda, CA 94502
