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What is required to qualify for an ITIN mortgage loan?

by salvador.fierro530 from Long Beach, California. Sep 27th 2016 Reply


William J Acres (William_Acres)
#75 ranked lender in Arizona - 8,728 contributions

There are no "Conforming" loan products which allow for an ITIN loan.. only hard money loans.. and the lenders that offer these types of loans will have their own set of rules.. which will be different, one lender to the other.. This all being said, expect a rather large down payment requirement.. 30% or more.. and expect higher rates and fees. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347..

Sep 27th 2016
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Larry Gray (lgray_312_247)
#596 ranked lender in California - 1,139 contributions

We do have a loan for foreign nationals and it is a higher rate but definitely not hard money wherein rate is generally about 11% on average with minimum down of 30% and cost a lot of points. I would be happy to give you an idea of your options starting as low as 20% down. You can contact me via my profile.

Sep 27th 2016
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