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48 Meriden Rd, Suite 1, Middlefield, CT 06455
844.788.7237
[email protected]
Northeast Financial LLC
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Northeast Financial LLC
  • About Us
    • Our Team
    • Careers
    • Reviews
  • Residential
    • Conventional
    • FHA
    • Jumbo Mortgage
    • VA
    • USDA
    • Alternative / Non QM
    • Construction
    • Rehab
    • Reverse Mortgage
    • HELOC
  • Commercial
    • Asset-Based Rental Property Loans
    • Fix and Flip and New Construction Exposure Financing
  • Learn
    • News
    • Mortgage Rate Watch
    • Home Buyers Guide
    • Down Payment Assistance Guide
    • Mortgage Glossary
    • Mortgage Calculators
  • Get Pre-Qual
  • Contact
  • Client Portal
  • 844.788.7237

ITIN Mortgage Loan Options for Connecticut Borrowers

Connecticut

ITIN Mortgage Loans

What are ITIN Mortgage Loans? 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 Mortgage 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. We will work with you every step of the way to help you get financed for you upcoming home purchase or refinance.

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]
  • by Northeast Financial
  • on December 17, 2018
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Recent News

  • The Fed Will Still Raise Rates in March, And That’s Why Rates May Keep Falling
  • How One Unexpected Event Completely Stole The Show This Week
  • Things Aren’t Necessarily Destined to Get Worse For Housing and Rates
  • Looking For Silver Linings
  • Rates Are Jumping Faster Than Most People Know

General Disclosure

When discussing programs that allow for 3.5% down, 0% down, or a percentage down – the borrower is not required to only put that exact percentage down. FHA, USDA, VA, CHFA, Jumbo, and Conventional Mortgages allow borrowers to put down more of a percentage if they desire to. The percentages mentioned in the information provided is the minimum down payment that these programs require. Each one of these programs have specific credit score, debt-to-income ratio, and payment history requirements to qualify for the minimum down payment.

Disclaimer

Northeast Financial is presently in the process of applying for their Mortgage Broker’s license in the state of New York.  Website authorization by the New York State Department of Financial Services is pending.  Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. If you are a New York Resident – please do not submit any information through our website.

 

Northeast Financial LLC

© 2023 Northeast Financial LLC dba Northeast Home Associates, LLC NMLS# 117273

Northeast Financial LLC is a Licensed Mortgage Broker by the State of Connecticut Department of Banking, NOT A LENDER. Loans are arranged through 3rd party lenders.
Complaint Policy

This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the state of New York can be facilitated through this site.








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