Get access to mortgage loans in Texas with your ITIN. In the U.S, nonresident do not really get to have Social Security Number but as an employee living and working in the state, you are entitled to paying tax. This category of people who do not have SSN can get ITIN for their tax activities.
Without a Social Security Number you can still get get mortgage with your Individual Tax Identification Number (ITIN) in Texas if you have one. This article will elaborate much on what you need to know about itin mortgage loans in Texas.
Borrowers who wants to get purchase or refinance a home can qualify for this if they are not U.S citizens but have ITIN. There is no credit score check here and no collateral needed. All you need are simple valid documents and you are good to go.
People that are eligible are non-citizens of U.S but ITIN as a replacement for SSN.
Requirements for Texas itin mortgage loans
You can only qualify for itin mortgage loans in Texas if you meet the following requirements;
- Have a regular job or employment of 2 years. Same applies to self-employed people.
- Provide the last 2 years of your tax returns (either W-2 or 1099).
- Make a down payment of at least 10%-20%. This is determined by your lender. Minimum down payment is 15% and maximum is 20%.
- Provide Proof of credit. It could be something to show that you owe no debts.
- Identification details from documents such as ITIN card, and a state ID, drivers license, or passport.
- Provide a recent bank ( which should be between 2 – 3 months)
Frequently Asked Question
Can you get a mortgage loan an ITIN?
Yes, you can get a mortgage loan with an Individual Tax Identification Number. What makes it very interesting is how non permanent residents can access these loans easily. Non permanent residents who are taxpayer have ITIN, which means they for this mortgage loans.
Does FHA accept ITIN?
Since this type of mortgage loan is backed by the federal government, they do not offer itin loan programs.
Does ITIN have credit score?
They do not have credit score because they appear on your credit score as invalid. You are issued ITIN for tax purposes.
Are itin loans illegal in the U.S
No, these forms of mortgage loans are legal and there lenders that provide loans to non-citizens in the U.S
Find an itin loan lender near me in your state and apply. You can become a home owner as a non permanent resident in the U.S.
