ITIN Loan Products are for people without a social security number looking to buy a home to live in the United States. These loans require higher down payment but are a solid 30-year fixed mortgage.
U.S. Government ID Card, Matricula Consular ID, or Passport
2 Years employment in the same or similar line of work (can be salaried or self-employed)
1 Years Tax Returns using their ITIN number
Buyers must be an owner occupant
Minimum 20% down payment
This is a 30 Year fixed rate, not a hard money loan!
LTV up to 80%
DTI up to 55%
12 Month Income Documentation (Business or Personal)
Agency Fallout – Full and Alternative Doc
Non-QM, Self-Employed and ITIN
Rates starting in the 5’s
SFOO/ 2nd Home/ Condo (No High Rises)
Ready Asset (NIVA) Allowed
Cash out available up to 70% LTV
Gift Funds allowed up to 80% LTV (50% of down payment must be borrowers own funds)
Other Program Requirements Apply
80% LTV is not available in CT, HI, LA, NV or OH. Multi Home Loans will not accept applications or originate in CA, IL, NJ, or NY.