ITIN Home Loan Options in Connecticut

ITIN Home Loan Overview

What is an ITIN Home Loan? ITIN stands for Individual Taxpayer Identification Number. These loans are designed specifically for borrowers who have filed and obtained an ITIN number (which is like a Social Security Number).  They are living in the United States, paying their taxes, but are unable to document their legal status. However, the borrower must have been paying their taxes for a minimum of 2 years using the ITIN number given to them by the IRS (Internal Revenue Service).

ITIN Mortgage Program Details:

–          Loan amounts up to $600,000.00

–          Finance 90% of the Purchase Price; 620+ Credit Score

–          In some cases 75% of the Purchase Price

–          Gifted Funds are allowed

–          Single-Family home, PUD, Townhouse, Condo (Warrantable Only)

–          Purchase or Refinance

Required Documents:

–          2 Years Tax Returns

–          2 Years W2 or 1099 for self-employed borrowers

–          3 Months Bank Statement

–          Passport, ITIN Card, Driver’s License

–          24 Months of Bank Statements

The ITIN Home Loan program gives borrowers the opportunity to own a home of their own. As seen above it is very different from FHA or conventional loans.  Although it usually requires a larger down payment, it allows for many to own real estate and lay down roots in their communities.

As a Licensed Loan Officer in the State of Connecticut, I am here to inform your options are. Furthermore, we will work with you every step of the way.

If you have an ITIN number and dream of owning a home of your own, then please call me today. The pre-approval process is not difficult.  I look forward to hearing from you and am more than happy to come out and meet you in person.

Ram

Ramazan Sinani
Mortgage Loan Originator
Northeast Financial
NMLS: 1590862  Company NMLS: 117273
Cell: 203-695-6858   Fax: 203-413-6240
[email protected]