ITIN Loans 2023 | No Social Security Number

 ITIN (Individual Taxpayer Identification Number) mortgage loan is a type of home loan designed for people who are not eligible for a Social Security Number (SSN), typically foreign nationals, but still want to buy a home in the US. It requires the borrower to have an ITIN instead of an SSN and typically has stricter eligibility requirements and higher interest rates than conventional loans. 

We have assisted many people with an ITIN number find a mortgage to purchase or refinance their home with program that has multiple options to qualify. We will start with a Soft Credit Pull to ensure there is no impact to your FICO score. There are also options for those with no reporting FICO scores. 

Pros of ITIN Mortgage Loan:

1. Opportunity to buy a home: Provides a chance for individuals without a Social Security Number to own a home in the US.
2. No social security number required: Does not require a Social Security Number, which is often a requirement for conventional loans.

Cons of ITIN Mortgage Loan:

1. Higher interest rates: ITIN mortgage loans typically have higher interest rates compared to conventional loans.
2. Stricter eligibility criteria: ITIN mortgage loans often have more stringent eligibility criteria, making it harder for individuals to qualify.
3. Limited options: Fewer lenders offer ITIN mortgage loans, limiting the options for borrowers.