For many individuals support and workings in the United States without a Social Security Number, buying a home may seem out of strain. The good news is that are specifically premeditated to help populate in this situation become homeowners. These loans produce new opportunities for immigrants, unnaturalised nationals, and others who file taxes using an Individual Taxpayer Identification Number(ITIN).
What Is an ITIN Mortgage Loan?
An ITIN Mortgage Loan allows individuals who do not have a Social Security Number but do have an ITIN to use for and procure a home loan. This programme is trim for populate who are workings lawfully, profitable taxes, and conducive to their communities but are not eligible for orthodox financing due to their in-migration position.
Unlike traditional loans that need an SSN, ITIN loans use your ITIN to control your personal identity, creditworthiness, and income. This opens the door for many hardworking individuals to reach the American of owning a home without needing a green card or .
Who Can Apply for ITIN Mortgage Loans?
If you ve been sour down for a mortgage because you don t have a Social Security Number, you re not alone. At Duane Buziak Mortgage Broker, we specialize in serving people who meet the following requirements:
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Valid ITIN issued by the IRS
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Proof of calm income(pay stubs, W-2s, or bank statements)
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A down defrayal of at least 10 20
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Alternative credit account(utility bills, rent payments, etc.)
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2 age of homogeneous work or self-employment
Our team helps guide you every step of the way from understanding your to closing on your new home. You don t need hone or permanent valid position; what you do need is the right direction and a lender who understands your unusual situation.
Why Work with Duane Buziak?
At Duane Buziak Mortgage Broker, we believe everyone deserves get at to homeownership. We make for geezerhood of see in portion clients with non-traditional business enterprise profiles procure ITIN Mortgage licensing requirements loans with transparency, rely, and efficiency.
We ll work with you to sympathize your goals, reexamine your documents, and you with lending partners that volunteer aggressive rates and whippy damage. Our focus on is always on education and empowerment so you feel capable in every you make.
Learn More in Our Video
Curious about how ITIN mortgage loans work or what your next step should be? Watch our full video recording guide to ITIN Home Loans.
Watch here: