Loans With ITIN, ITIN Mortgage & individual taxpayer identification numbers

ITIN Mortgages and obtaining a Loan with an

Individual Tax Identification Number

Undocumented Immigrants can obtain mortgages and loans with ITIN

ITIN stands for individual taxpayer identification number. ITIN Lending is a special type of financing that is available to Undocumented Immigrants living in the United States. Those individuals looking for an ITIN need to first fill out an ITIN Application where they can secure an ITIN Number from the Federal Government. Click one of the links below to learn more:

An Individual Taxpayer Identification Number (or ITIN) is a United States tax processing number issued by the Internal Revenue Service. It is a nine-digit number that begins with the number 9 and has a 7 or 8 in the fourth digit, i.e. 9xx-7x-xxxx or 9xx-8x-xxxx. The IRS issues ITINs to individuals who are required to have a taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security Number.

What is required to obtain an ITIN Mortgage?

In order to obtain an individual taxpayer identification numberMortgage, Undocumented Immigrants must:

Have an Individual Tax Identification Number (ITIN).
Be employed for at least two (2) years in the United States.
Have been paying rent for at least two (2) years
Have at least two (2) other forms of alternate credit.

Learn more about ITIN Lending

Individual taxpayer identification number (ITIN) mortgages are a hotly debated topic in Washington and among voters. Obtaining a loan with ITIN is causing a lot of controversy on Capitol Hill.

Some believe that since an undocumented immigrant is living in the United States illegally, he/she should not be able to obtain mortgage financing. However, the law currently sides with undocumented immigrants, in that it allows ITIN Mortgage Financing as long as certain criteria are met.

Individual taxpayer identification numbers can be used by illegal immigrants to secure home ownership in the United States.

ITIN Requirements: The IRS issues ITINs to individuals who are not able to obtain a Social Security Number. The requirements for obtaining an ITIN are different than other U.S. government applications, as the applicant's immigration status is not verified and the applicant does not have to meet in person to file the application. The supportive documents submitted are not validated outside the tax system. The IRS has their own set of rules and regulations, and it is not related to the USCIS. Only non-U.S. citizens can apply for an Individual Taxpayer Identification Number. Individuals who already have a valid SSN should not apply for an ITIN, as it is not needed and it is not allowed to have both a Social Security Number and an ITIN. Individuals who have a valid Social Security Number should file taxes using their SSN, not an ITIN. Also be sure to check out the latest advances in hearing aid protection.

Statistics of ITIN Mortgages

* 600,000 Undocumented Immigrant households

have the age characteristics to buy houses & obtain a loan with an individual taxpayer identification number

* 700,000 have the incomes

necessary to buy modest places

* Undocumented Immigrants represent $44 billion in mortgage originations

* The Individual Taxpayer Identification Number (ITIN) is a tax number issued by the IRS (Internal Revenue Service) and it is not related to the USCIS or the Social Security Administration. The ITIN is only issued for tax purposes. An Individual Taxpayer Identification Number (ITIN) does not provide the right to work or live in the United States.

Research provided by National Association of Hispanic Real Estate Professionals

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ITIN LENDING

"Where undocumented immigrants obtain mortgages"