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ITIN mortgage loan program options and requirements

We’re committed to making homeownership accessible to all, including workers and entrepreneurs living in the United States with an ITIN. Whether your home will be a new start or a place where you feel safe, secure and build your dreams, our ITIN mortgage program can help you get there.*

What’s an ITIN number?

An ITIN, or Individual Taxpayer Identification Number, is a special nine-digit number used for tax purposes. The Internal Revenue Service (IRS) issues it to people who need a U.S. taxpayer identification number but can’t get a Social Security number (SSN). This benefits non-residents, new residents, as well as dependents and spouses of U.S. citizens/residents and non-resident VISA holders.

Having an ITIN allows you to report rental income, property taxes and other expenses related to your home on your tax return. We understand that not everyone is eligible for a Social Security number. That’s why we give non-traditional borrowers with ITINs the opportunity to qualify for an ITIN mortgage with us.

ITIN mortgage loans have opened new possibilities for those unable to obtain an SSN or traditional mortgage financing. With this loan program, owning a home in the U.S. can be a reality. However, before beginning your home search, it’s helpful to know a few things, such as the benefits of ITIN mortgage loan programs, their requirements and how this alternative path can make homeownership a reality.

What’s an ITIN mortgage?

ITIN mortgages are home loans designed to make homeownership a reality for borrowers with an ITIN versus an SSN. This type of loan is available to non-U.S. citizens, including those who are self-employed and have difficulty qualifying for a traditional mortgage. Getting a home mortgage with an ITIN number may give you the freedom of making your space your own, provide potential tax benefits and allow you to build equity over time.

What are the requirements for an ITIN mortgage?

ITIN mortgages are designed for borrowers with credit scores as low as 660 purchasing a primary residence or those looking for a rate-and-term refinance on their existing homes. Depending on your financial situation, you may qualify for a loan amount up to $1.25 million.

The first step to getting an ITIN mortgage is to obtain a valid ITIN from the IRS. Additionally, you must reside in the U.S. and provide documentation showing income and assets to afford your mortgage payments. This documentation might include proof of employment and income, asset statements, tax returns and debt obligations. We offer the ability to fast track your mortgage application, which automatically pulls some of this information for you after you give consent.

How do I get approved for an ITIN mortgage?

Approval for an ITIN mortgage begins with connecting with a mortgage professional near you. Knowing local ITIN mortgage lenders are just around the corner, living and working in your community can be reassuring.

Your loan officer will walk you through the pre-approval process. Pre-approval helps you find a price range for your home search and targets how much you should save for a down payment. In addition, because the mortgage pre-approval process includes submitting a loan application and securing financing, it can accelerate the closing process.

How much is the down payment for an ITIN mortgage?

A minimum down payment of 15 percent is required.** However, your down payment amount will vary depending on your new home’s appraisal price.

How does Guild Mortgage’s ITIN mortgage program work?

Connect with a loan officer for guidance through the ITIN mortgage program—from pre-approval to closing and beyond.

*Applicants must have Individual Tax Identification Numbers (ITINs) and reside in the United States.
**Minimum down payment requirement of 20% in CA, HI and IL.

The above information is for educational purposes only. All information, loan programs and interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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About the Author: Guild Mortgage

Founded in 1960 when the modern U.S. mortgage industry was just forming, Guild Mortgage Company is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Guild’s collaborative culture and commitment to diversity and inclusion enable it to deliver a personalized experience for each customer. With more than 4,000 employees and over 250 retail branches, Guild has relationships with credit unions, community banks, and other financial institutions and services loans in 49 states and the District of Columbia. Guild’s highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, down payment assistance programs and other specialized loan programs. Guild Mortgage Company is a wholly owned subsidiary of Guild Holdings Company, whose shares of Class A common stock trade on the New York Stock Exchange under the symbol GHLD.