ITIN Loans

 ITIN loans are for buyers who report income using an individual taxpayer identification number issued by the IRS. We accept buyers who report income received from employer paid W2 wages, 1099 wages and even self-employed wages. 

LOAN PURPOSE: Purchase or Refinance. 

BORROWER TYPE: Anyone with an ITIN (No Visa).

TERM: 5YR TO 30 YR.

INTEREST RATE: Vary. 

MINIMUM FICO: 620.

MAXIMUM LOAN TO VALUE (LTV): 90%.

PROPERTY TYPE: Single Family Home.

FAQ's on ITIN Loans

What are the loan repayment terms?
Traditionally, ITIN loans carry a variable interest rate that can change every 5 years. Although there is a 30-year fixed rate option, it is not the most common for these loans.
 
What do ITIN interest rates look like?
Interest rates vary depending on credit score, credit history, and down payment. Rates are relatively higher than a regular home loan and can range from as low as 5.99% to as high as 12% in some rare cases. The higher the down payment the buyer can give, the lower the interest rate will be.