Individual Tax Identification Number (ITIN) Loan Program

This product is designed to provide Non-Resident Aliens first time home buyers with an ITIN in lieu of a Social Security number better access to home ownership.

• Serves low to moderate Non Residential Alien first time home buyers
• All applications must be taken face to face
• No minimum credit score – there must be a minimum of 3 different sources with a minimum of 12 months continuous credit. These can include landlord, utilities, etc.
• A minimum of $1,000 down payment must come from the borrower
• They must be a resident in the same market as the property during the last 12 months
• 12 months continuous employment required
• Maximum Loan to value is 97% for a single family home and 95% for a 2 family owner occupied home.
• No investment or construction loans allowed under this program
• No mortgage insurance ( No MI )
• Must complete a HUD Approved Home Buyer Education Program – a suggestion is MGIC.com