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ITIN loans: Is It Possible to Purchase without a Social Security Number?

· ITIN,No SSN,No Visa

ITIN loans disappeared after the financial crisis as banks pulled back on all lending considered risky. This left a large portion of the immigrant population without many options. That is until recently. Today, there are three institutional investors, and a handful of community banks and credit unions that offer this particular loan. These days, most ITIN loans have pre payment penalties, sometimes balloons payments, and are often adjustable rate mortgages. However, we have access to a product that is 30 Yr Fixed with no pre payment penalties and no balloon payments. It requires the following:

* 20%-30% Down Payment

* 2 Years Tax Returns or 24 Months Bank Statements

* Copy of Passport

Hope that helps. Feel free to contact me if you have any questions at 949.667.2887 or


- Brian Nguyen is a senior loan consultant (NMLS 659743) who learned more about this stuff than he ever intended to. The opinions expressed here are solely his own.

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