ITIN Mortgage
The ITIN mortgage loan is a powerful financing option for individuals living and working in the United States who do not have a Social Security Number (SSN). These loans are specifically designed for borrowers who possess an Individual Tax Identification Number (ITIN) and meet full documentation requirements. For many immigrants and non-residents, this loan provides a legitimate pathway to homeownership.
❌ What’s Not Needed for a 1099 Income Loan:
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No Tax Returns
Borrowers do not need to submit federal income tax returns (Form 1040), which are typically required in full-doc loans. -
No W-2s or Pay Stubs
Since borrowers are not traditionally employed, they are not required to show W-2 income or recent pay stubs. -
No Profit & Loss Statements (in many cases)
Some programs do not require a P&L statement or CPA-prepared financials unless combined with other alternative income methods. -
No Employment Verification with an Employer
No need to verify a job through a company or HR department—self-employment status is sufficient. -
No Traditional Debt-to-Income (DTI) Calculation Based on Taxable Income
Income is calculated using the gross amount shown on 1099s instead of adjusted income or taxable income. -
No Agency Guideline Requirements
These loans do not follow Fannie Mae/Freddie Mac standards, which typically make qualification harder for self-employed borrowers.
While this loan is designed to be more flexible than agency loans, borrowers still must demonstrate the ability to repay. Lenders typically require:
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A valid ITIN card issued by the IRS
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Two years of tax returns (using ITIN)
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Proof of income (pay stubs, bank statements, or business records)
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Identification documents (passport, consular ID, etc.)
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Employment or self-employment verification
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Credit references or alternative tradelines (if no U.S. credit)
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Minimum down payment (varies by lender, often 10–20%)
Key Highlights of the ITIN Mortgage Program
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✅ No Social Security Number required
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✅ Full documentation loan (income, assets, employment, and identity required)
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✅ Available for purchase or refinance
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✅ Primary, second homes, and investment properties eligible
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✅ Credit score flexibility
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✅ Fixed and adjustable rate options
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✅ Self-employed borrowers accepted
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✅ Gift funds and seller credits may be allowed