Guide to ITIN Home Loans

Updated on April 9, 2024

At a Glance

  • Individuals with ITIN (Individual Taxpayer Identification Number) can buy homes in the U.S.
  • They can use their ITIN to apply for a home loan, demonstrating their tax obligations.
  • Private lenders may offer more flexible terms compared to traditional banks for ITIN home loans.
  • Buying a home with an ITIN provides benefits such as investment potential, tax advantages, and stable housing costs.

At some point, we all want to own a beautiful home. However, this is generally much easier said than done. In most cases, in order to buy a house, you would have to take out a loan – because no one is generally rich enough to have the funds readily available. You have to make a commitment.

In a world where various types of loans are available, not all of them can be given to someone without a social security number. However, contrary to popular belief, you may still buy a home in the United States – even if you do not have a social security number. All you will need is the ITIN number to get a loan.

>> Click here to see specific ITIN home loan options

Can People with ITIN Numbers Buy Homes in the U.S.?

Yes. Despite what you might have heard, people without a social security number may still become homeowners. They will only have to use their ITIN (Individual Taxpayer Identification Number) to apply for a home. This number proves that while you do not have an SSN number, you are still doing your duty by the country to pay your taxes.

Since this already puts you in the category of responsible people that have clear ties to the United States, you may easily get a lender to approve a home loan for you. The only issue here is that you may have to move past traditional banks and search for private lenders.

Traditional banks are much more reluctant to give you funds, particularly since they are strict when it comes to documentation. However, when you go to a private lender for a personal loan, you may just find the one that is more lenient when it comes to the terms and conditions.

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Requirements for Obtaining an ITIN Loan

To secure an ITIN loan, it’s necessary to collaborate with a lender that specializes in this kind of mortgage loan.

The criteria for ITIN loans can differ among lenders, so it’s important to understand the specific requirements of your chosen mortgage provider before proceeding with an ITIN home loan application.

ITIN loans might be available for various property types, including single-family homes, condominiums, townhouses, and multi-unit residential buildings. The specific requirements and maximum loan amounts offered by lenders for ITIN loans can vary.

Key elements typically required for ITIN home loans include:

1. Identification

In addition to your ITIN card, lenders might request further documentation to confirm your identity, such as a driver’s license or other forms of ID.

2. Credit Score

While ITIN loans often have more lenient credit score criteria compared to other mortgage types, some lenders may place more emphasis on this during the application process. Applicants with lower credit scores might still be eligible, but lenders could ask for more details about existing debts and ongoing payments.

3. Employment Verification

Applicants for ITIN home loans must demonstrate at least two years of steady employment history, which can also encompass self-employment.

4. Tax Returns

Generally, you’ll need to provide two years’ worth of tax returns for the ITIN home loan application.

5. Additional Financial Documentation

Lenders will review any extra financial information that supports your application and demonstrates your ability to make monthly payments. This includes bank statements and other relevant financial assets. Having savings in a U.S. bank account may also bolster your application.

6. Down Payment

The required down payment for ITIN mortgage loans varies among lenders, but it’s generally higher than for other mortgage types. Expect to need a minimum of 20% down payment when applying for ITIN home loans.

Sample Terms of an ITIN Mortgage

Mortgage Amount: $675,000
Down Payment: 15%
Term: 30 years
Interest Rate: 8.75%
Interest Rate Type: Fixed
Purchase Type: New Construction
Min Credit Score: 660

Documents Required for ITIN Mortgage

For foreign nationals holding an ITIN card, securing approval for an ITIN loan involves presenting three key types of documentation: proof of income, identity verification, and proof of assets like savings or stock holdings. Additionally, non-citizens must provide the following documents in conjunction with the aforementioned ones:

  • A valid passport
  • A valid U.S. Visa
  • A completed International Credit Report (ICR) form, provided by the ITIN mortgage bank
  • A two-year history of your primary residence

Steps to Buy a Home with an ITIN Number

So, how do you even buy a house without a social security number – and only with your ITIN number? Well, the process should be rather straightforward. Here is a step-by-step process for you to do so:

Apply for the ITIN Number

If you don’t already have an ITIN number, the first obvious thing that you should do is to apply for it. Go to the IRS website, and fill in the application that they have made available for you there.

Build Credit History

For you to get a loan, you will also need to gather up some credit history using the ITIN number that you were given. Start small. Apply for a credit card, a car loan, or any other credit options. Use it every now and again to create a proper relationship with the bank. Not every lender will use your credit history to determine whether you get a loan or not – but it will be useful.

Create a Rent Payment Record

Not many people are aware of this, but many lenders look at your rent payment records before giving you the mortgage. It’s only logical: if you are able to pay your rent for at least two years in a row, then the chances are high that you will also receive a mortgage.

Build Employment History

If the lender sees that you tend to get fired once every few months, they may not be as willing to give you a mortgage based on your ITIN number. However, if they see you steady – and likely to pay your bills – then there is a high chance that you might actually get the loan.

Look for Lenders

Everything seems nice and easy – but there is still the issue of actually finding a lender that provides loans based on ITIN numbers. Do some research. Call your local bank – or any other options that you may find. You may have a stellar credit history – but if you can’t find a lender, then it’s all for nothing.

Get Pre-Approved

Once you find a lender, the next thing that you will have to do is to get pre-approved for a personal loan that can cover your mortgage. Provide the necessary documentation, and once you have been pre-approved, you might move on to the next and last step.

Look for the House

You have the pre-approval – so, at this point, all you have to do is look for the house that you fancy. Now that you have been pre-approved for the loan, you know exactly what price category you can stretch to. Once you’ve found it, get the loan and buy your dream home.

3 Reasons Why People with ITIN Numbers Should Buy Homes

Becoming a homeowner is a rite of passage for many people – and it is something that we all dream of. Sure, renting can be very convenient – particularly when you do not have the funds. However, there are several reasons why you might want to become a homeowner instead.

It’s a Good Investment

Unlike vehicles or other purchases that tend to lose value over time, the value of a home will only grow – and it tends to appreciate over time. Granted, each market will have its own differentiating factors – but considering that house prices go higher every year, even during times of recession, they are certainly a good investment to make.

Credit Score Improvement

ITIN home loans serve as a means to build and improve credit scores. Each timely repayment of your ITIN loan installment contributes to your credit history, positively impacting various aspects of your financial life.

Tax Benefits

The federal government is very keen on encouraging homeownership, as it also encourages economic growth. As a result, it offers tax incentives for homeowners – the most significant one being the option of interest deduction from your mortgage payment on the income tax return. This is applicable, especially at the beginning of the mortgage, where most of the payments are done on the interest.

Stabilize Your Housing Costs

When you are renting, there is no guarantee that the rent will remain the same throughout time. You may rent a place now – and in about 3 years, you will be told by your landlord that the renting price went up: take it or leave it. You have no idea how much you may have to pay in the future.

However, by becoming a homeowner, the house will be yours – and all you will have to do is pay for the mortgage when you are required to do so. Granted, you will have to pay for about 30 years for that mortgage – but at least you know that no one will be kicking you out and that the prices won’t suddenly go up.

Best Options for ITIN Mortgages

Looking for someone to give you a loan based on your ITIN number? We’ve narrowed down a few choices:


Requiring a minimum 15% down payment and with mortgage terms going from 15 to 30 years, FNBA is a good option if you are looking for an ITIN loan. Plus, you get a quick closing and it accepts most property types as well.

United Mortgage

Featuring a minimum 10% down payment, this company provides ITIN loans going from 5.375% to 8.750%. However, it all depends on the loan-to-value – so talk to the lender.

Prime 1 Bancorp

When in doubt, many homeowners go with Prime 1. It may ask for a 20% down payment – but it also comes at good rates.

ACC Mortgage

Requiring a 15% down payment, this one is perfect for foreign nationals that cannot provide actual proof of income. Granted, you may be asked for proof in regards to your credit history – but the requirements are all based on each individual.

Go Alterra

With a minimum 15% down payment, you get a 30-year fixed-rate, along with the one-year worth of tax returns. It is a very convenient option for those wanting to buy a house without a social security number.

Securing a Personal Loan with an ITIN

The journey toward homeownership can be intricate, especially for individuals navigating the financial system with an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number. An ITIN is issued by the IRS to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security number. If you’re an ITIN holder considering the use of a personal loan as a down payment for a mortgage, here’s a step-by-step guide to prepare you for the process.

Step 1: Assess Your Eligibility

As an ITIN holder, securing a personal loan will first depend on your eligibility. Lenders typically require proof of income, credit history, and sometimes, collateral. While a Social Security number is a common requirement for many loan applications, there are lenders who are willing to work with ITIN holders. Start by researching these lenders — often community banks, credit unions, and online financial institutions.

Step 2: Build a Credit Profile

Building a credit history with an ITIN can be challenging, but it’s possible. You can start by applying for credit cards or retail accounts that accept ITINs, or consider becoming an authorized user on a family member’s credit account. Ensure that the financial institutions you engage with report to the credit bureaus so your positive payment history can help build your credit score.

Step 3: Prepare for Higher Scrutiny

Expect additional scrutiny from lenders due to the lack of a Social Security number. You may be required to provide additional documentation such as several years of tax returns, bank statements, proof of continuous residence in the country, and a stable employment record to demonstrate your creditworthiness.

Step 4: Understand the Terms

Find a personal loan with clear terms, and make sure you fully understand them. Look for loans that offer competitive interest rates and no pre-payment penalties, which are vital factors if you plan to pay off the loan early. Make sure you are comfortable with the monthly payment amount and the loan term.

Step 5: Evaluate the Impact on Your Mortgage Application

Using a personal loan as a down payment can impact your mortgage application, as it increases your debt-to-income (DTI) ratio. Mortgage lenders will consider your DTI ratio when deciding to offer you a loan, so take into account how the personal loan payments will affect your overall financial picture.

Step 6: Apply for the Personal Loan

Once you’ve identified a suitable lender, collected all necessary documentation, and are confident in your ability to repay the loan, submit your application. Provide your ITIN, financial documents, and any other required information the lender requests.

Step 7: Communicate with Your Mortgage Lender

It’s essential to be transparent with your mortgage lender about the source of your down payment. Some lenders have specific rules about borrowing a down payment, and failing to disclose this information could jeopardize your mortgage loan approval.

Step 8: Plan for Repayment

Have a solid plan in place for repaying the personal loan. Consider the total costs associated with both the personal loan and the future mortgage to ensure that taking on this additional debt will not overextend your finances.

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The Bottom Line

Even if you do not have a social security number, this does not mean that you cannot become a homeowner. All you need is your ITIN number, a good credit score – and the desire to make your payments on time. As long as you do your research properly, there should be no problems in finding a lender to approve your loan.

Frequently Asked Questions (FAQ)

What Are ITIN Home Loans?

ITIN (Individual Taxpayer Identification Number) home loans are mortgages available to non-U.S. citizens who do not have a Social Security Number but have an ITIN. They are designed for residents and immigrants who pay taxes using an ITIN.

Who Qualifies for ITIN Home Loans?

ITIN home loans are available to non-U.S. citizens and immigrants who have an ITIN and meet the lender’s requirements, which typically include income verification and credit history assessment.

How Do ITIN Home Loans Differ from Traditional Mortgages?

ITIN home loans differ from traditional mortgages mainly in their eligibility criteria. They are tailored for individuals who cannot obtain a Social Security Number but have a tax identification number.

What are the Interest Rates for ITIN Home Loans?

Interest rates for ITIN home loans may be higher than traditional mortgage rates due to perceived lending risks. Rates vary depending on the lender, loan amount, and borrower’s creditworthiness.

What Documents Are Required to Apply for an ITIN Home Loan?

Required documents usually include the ITIN, proof of income (like pay stubs or tax returns), proof of identity, credit history, and other financial documentation as requested by the lender.

Can ITIN Holders Get Loans for Investment Properties?

Some lenders may offer ITIN home loans for investment properties, but this is less common. Most ITIN home loans are for primary residences.

How Much Down Payment is Needed for an ITIN Home Loan?

The required down payment for an ITIN home loan varies by lender but is typically higher than conventional loans, often ranging from 15% to 30%.

Are There Specific Lenders Who Offer ITIN Home Loans?

Yes, certain lenders specialize in ITIN home loans. These can include community banks, credit unions, and other financial institutions that cater to non-U.S. citizens and immigrants.

How Long Does the ITIN Home Loan Approval Process Take?

The approval process for an ITIN home loan can vary. It typically takes several weeks, depending on the lender’s requirements and the completeness of the applicant’s documentation.

What Should ITIN Holders Consider Before Applying for a Home Loan?

ITIN holders should consider their ability to afford the mortgage, interest rates, down payment requirements, and overall financial impact of taking on a home loan.

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