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.
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:
A valid ITIN card issued by the IRS
Two years of tax returns (using ITIN)
Proof of income (pay stubs, bank statements, or business records)
Identification documents (passport, consular ID, etc.)
Employment or self-employment verification
Credit references or alternative tradelines (if no U.S. credit)
Minimum down payment (varies by lender, often 10–20%)
✅ No Social Security Number required
✅ Full documentation loan (income, assets, employment, and identity required)
✅ Available for purchase or refinance
✅ Primary, second homes, and investment properties eligible
✅ Credit score flexibility
✅ Fixed and adjustable rate options
✅ Self-employed borrowers accepted
✅ Gift funds and seller credits may be allowed