NON-US CITIZEN LOANS (ITIN)

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An ITIN Loan is a mortgage product designed for individuals who do not have a Social Security Number but have an Individual Taxpayer Identification Number (ITIN). It allows non-U.S. citizens to secure a mortgage using their ITIN for identification and income verification.

ITIN Loans are available to non-U.S. citizens who reside and work in the U.S. but do not have a Social Security Number. This includes resident and non-resident aliens who file taxes with an ITIN and meet other qualifying criteria.

Required documentation includes an unexpired ITIN card or letter from the IRS, a government-issued photo ID (e.g., driver’s license, passport), and additional supporting documents such as tax returns, W-2s, or employment authorization documents.

A minimum credit score of 660 is typically required to qualify for an ITIN loan. Higher credit scores may improve your chances of securing better loan terms.

Yes, you can purchase a home using an ITIN Loan if you don’t have a Social Security Number. This loan allows non-U.S. citizens to qualify for a mortgage using their ITIN as identification.

ITIN loans are generally available for purchasing owner-occupied properties, including single-family homes, condos, and townhomes. Investment properties are typically not eligible.

Yes, non-U.S. citizens can obtain a mortgage in the U.S. through specific loan products like ITIN Loans, provided they meet the eligibility criteria.

Yes, a minimum down payment of 20% is generally required for ITIN Loans. Some lenders may require a higher down payment depending on your credit score and other factors.

Benefits include the ability to qualify for a mortgage without a Social Security Number, flexible income verification options, and the opportunity to build credit in the U.S.

Yes, ITIN Loans can be underwritten using bank statements for income verification, making them ideal for self-employed borrowers or those with non-traditional income.

Income documentation can include full tax returns, bank statements, or 1099 forms, depending on the lender's requirements and your employment situation.

A U.S. credit report is required, and the primary wage-earner must meet the credit criteria, including having sufficient tradelines with recent activity.

Yes, you can apply for an ITIN Loan with a co-borrower, including U.S. citizens, provided they meet the necessary credit and income requirements.

You must provide proof of residency, including an unexpired ITIN and government-issued ID, along with supplemental documents like a birth certificate or tax returns.

Typically, ITIN Loans are available for purchase only. However, some lenders may offer limited refinance options depending on the property and borrower's financial situation.

ITIN Loans may have higher interest rates compared to traditional mortgages due to the increased risk associated with non-U.S. citizen borrowers.

ITIN Loans are generally for owner-occupied properties only, so purchasing a second home may not be eligible under this program.

Standard asset verification is required, including proof of down payment, reserves, and any additional financial documentation that supports your ability to repay the loan.

You must demonstrate consistent employment history for at least 2 years, whether self-employed or employed by a company. This is crucial for income verification.

A 3-year seasoning period is generally required after a bankruptcy, foreclosure, or similar financial event before you can qualify for an ITIN Loan.

Yes, non-U.S. citizens with permanent residency or valid work visas may qualify for conventional mortgages, but an ITIN Loan is an alternative for those without a Social Security Number.

NVWM, LLC offers tailored solutions for non-U.S. citizens looking to achieve homeownership. With our expertise in ITIN Loans and commitment to fast approvals, we ensure a smooth and efficient mortgage process, helping you secure your dream home in Texas or Florida.