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Torres & Co. Lending > Non-QM Loan Solutions > Préstamos ITIN

Préstamos ITIN

ITIN Loans (Individual Taxpayer Identification Number)

An ITIN Loan is a Non-QM mortgage program designed for borrowers who do not have a Social Security Number (SSN) but have an Individual Taxpayer Identification Number (ITIN) issued by the IRS. This program allows individuals — often non-U.S. citizens or foreign nationals living in the U.S. — to purchase or refinance a home.

What Is an ITIN Loan?

ITIN Loans make it possible for individuals who pay taxes in the U.S. with an ITIN to access mortgage financing. Unlike FHA, VA, or Conventional loans, ITIN loans are funded by specialty lenders with flexible underwriting standards tailored to this borrower group.

How It Works

  • Eligibility: Borrowers must have a valid ITIN and file U.S. tax returns.
  • Loan Amounts: Typically $75K – $1.5M+ depending on lender.
  • Down Payment: Minimum 10%–20% (varies by credit and documentation).
  • Credit Score Requirement: Alternative credit accepted (credit score not always required). Lenders may accept rental history, utility bills, or other payment history.
  • Property Types: Primary residences, second homes, and sometimes investment properties.
  • Income Documentation: May use W-2s, tax returns, or bank statements, depending on the lender.
  • Reserves: Usually 3–6 months of reserves required.

Benefits of ITIN Loans

  • Allows homeownership for borrowers without a Social Security Number.
  • Flexible documentation — alternative credit and income accepted.
  • Programs available for both purchases and refinances.
  • Some lenders allow second homes or investment properties.
  • Builds a financial footprint in the U.S. while establishing credit.

Fun Facts & Insider Details

  • Not Government-Backed: ITIN loans are private programs, not FHA/VA/Conventional.
  • Alternative Credit Acceptance: Utility bills, rental payment history, and even cell phone bills may be used in place of a traditional credit score.
  • Higher Rates: Rates are generally higher than conventional loans due to additional risk.
  • Community Impact: ITIN programs are popular among immigrant communities as a bridge to financial stability and wealth-building through real estate.
  • Down Payment Variance: Larger down payments (20%+) often provide better rates and approval odds.

Who Is the Best Candidate for an ITIN Loan?

  • Borrowers who live and work in the U.S. but do not have a Social Security Number.
  • Individuals with an ITIN who file U.S. tax returns.
  • First-time homebuyers in immigrant communities.
  • Borrowers who have strong rental history or alternative credit documentation.

FAQs – ITIN Loans

  • Yes. If you have an ITIN and meet program requirements, you may qualify.

  • Typically yes — at least 10%–20% depending on the lender.

  • Some lenders allow it, but most focus on primary residences and second homes.

  • Yes. Making on-time mortgage payments helps build your financial profile in the U.S.

Next Step

If you have an ITIN and are ready to explore homeownership, an ITIN Loan could be your pathway to owning a home in the U.S.

Apply Now

⚖️ Disclaimer: This guide is for educational purposes only. Loan approval and terms depend on credit, income, assets, property type, and program guidelines.

Torres & Co. LendingPréstamos ITIN