ITIN Loan Overview

• Minimum 20% Down Payment is Required (plus closing costs). For example a 20% down payment on a $200,000 loan is $40,000.
• Minimum 620 Credit Score
• Available for Loan Amounts Over $75,000 & Up to $1.5M
• Primary and Second Homes Only
• Assets used for down payment and closing costs must be in a U.S. depository institution for 30 days prior to closing
• Assets in foreign accounts are eligible for reserves with a 30-day statement and funds must be converted to U.S. dollars using the current exchange rate.
• Standard income documentation guidelines including paystubs, w2’s and taxes. For self-employed borrowers taxes and bank statement can be used
• 12-month housing history is required
• Valid ITIN would include unexpired ITIN card or letter from IRS assigning the ITIN to the borrower prior to application, unexpired government photo ID (driver’s license, passport, visa, etc.)
• Programs available in all US states except AK, MO, NY, WV, and HI.

Underwriting and credit score requirements may be decisioned by a third party.