ITIN Mortgage Loan Rates

ITIN Mortgage Loans

ITIN loans are designed for those who have a tax ID but do not have a social security number and want to purchase a home by using their ITIN or tax ID as an alternative form of documentation.

What Do I Need in Order to Qualify for an ITIN Loan?

In order to qualify for an ITIN loan, you’ll need to have at least a 15% down payment for the home you want to buy. The exact percentage will depend on your credit score. You’ll also need to have filed at least two years worth of tax returns under your ITIN number.
You’ll have to have at least a two year work history for the same type of work, or be self-employed for two years and you’ll have to provide pay stubs showing your employment for the past 30 days. It’s best if you have a credit score of at least 600, but you can qualify for an ITIN loan without a credit score.

What Kinds of Properties Qualify Under an ITIN Mortgage?

As long as you occupy the home as your primary residence, there are a variety of properties that can qualify under an ITIN mortgage, including:

  • Single family residences
  • Condos
  • Townhomes
  • 2-4 unit residential buildings

If you’re looking to buy a second home or a rental property, we can help you finance this as well.

Can I Get an ITIN Loan if I’m Self Employed?

Yes, you can! You’ll need to have been self-employed for at least two years. If you’re an independent contractor who receives a 1099 form, you can also qualify. There are no tax returns required however you will need to provide 12 months of bank statements to show deposits into your account. A portion of these will be used to demonstrate income on your ITIN mortgage application.

Loan Features:

  • Purchase or Refinance
  • Owner occupied or Investment Properties
  • 20% Down Payment (Gift allowed)
  • 2 Years Tax Returns
  • 2 Years W2 or 1099
  • 3 Months Bank Statements
  • Passport, ITIN Card, Driver’s License needed

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Client Reviews

LBC Team went above and beyond to help us buy our new home! They were available for all of our questions, were prompt in their replies to us, and guided us...
Julia T.
Julia T.
08:40 22 Aug 21
Excellent team of great professionals! Superb customer service! They have successfully handled our purchase and refinance in a very short period of time,...
Elina L.
Elina L.
11:12 30 Jun 21
It is hard to describe how scary we were when decided to buy a house. We had no knowledge of the processing, prices, policies, calculations… When our agent referred us to Alex Shekhtam, from the first phone consultation we felt to be just in right hands. We are so blessed to have LBC Mortgage team! Our first house was purchased just because of these hardworking, reliable, efficient, responsive professionals! Recently we were able to refinance our house on good conditions, again, just because of them! Easy processing paperwork, knowledgeable advisors, pleasant communication make you feel special. We are so grateful to all and everyone from LBC Mortgage for making our dreams true!!!!
Lora Kochetkova
Lora Kochetkova
03:44 29 Jun 21
LBC Team is now our Number One Team! Their service was impeccable! We really appreciated the detailed explanations and daily reminders throughout the whole...
Galina S.
Galina S.
13:34 29 Mar 21
We were able to close on our first home even with a strict budget, and I credit it all to Alex and the staff at LBC Mortgage. We couldn’t have done it without you. Thank you so much!
Roger Billon
Roger Billon
06:07 25 Mar 21
Alex and his team were very attentive to our needs. We had some very specific criteria when looking for a home, and most mortgage companies, especially banks, were not even willing to listen to us -- but the team at LBC Mortgage was. They kept everything moving and were happy to answer our questions. We never felt like a burden to them, and that’s how customer service should be.
Kaylani paliotta
Kaylani paliotta
05:51 25 Mar 21
This was one of the last steps I needed to do in order to close on a home, and I had been putting it off because I had assumed it was a complicated and cumbersome process. I could not have been more wrong. Alex and everyone at LBC Mortgage made the process really simple and straightforward. Excellent company with people that really care about you.
Charles W
Charles W
06:52 23 Mar 21
If you are shopping online for mortgage or refinance, look no further. Seamless process and good communication. I am pleased with their fast response. They kept me updated with each phase of a process. Thank you LBC Mortgage.
Christiane BABINOT
Christiane BABINOT
07:40 03 Mar 21
People often ask me who I use for my own mortgages and refinances. Every time I recommend LBC Mortgage. They’re always working hard to stay one step ahead of the competition. To me, they’re more like family than my mortgage company. I’ve just closed my third deal with them and I can’t wait to see what the future holds.
Ahndray Hamilton
Ahndray Hamilton
09:06 18 Feb 21

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What If I Don’t Meet a Certain Requirement?

At LBC Mortgage, we understand that things aren’t always perfect. Even if you don’t meet one of the criteria here, there are alternatives that can help. For example, if you haven’t established enough credit in the U.S. to have a credit score, you may still be able to qualify by using your credit card statements as proof that you are paying off your debts.

It’s also a good idea to have a U.S.-based bank account established and some money saved away for at least 2-3 months before you apply.

Talk To The Experts for ITIN Mortgage in California

Across the State of California, we’ve helped thousands of people qualify for home loans of all types, including ITIN loans. We understand that every individual comes to us with their own unique circumstances and challenges. For this reason, we have made it our mission to help you get approved and financed when banks and other lending institutions won’t.

Contact us today and we’ll work with you to help answer any questions you may have, as well as work with you to help you get the best possible deal on a home.

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