New York is home to one of the largest immigrant communities in the United States, and a meaningful share of those residents hold an ITIN, pay taxes, and are ready to buy a home. The challenge is finding a lender who will say yes without a Social Security number. Several confirmed lenders run ITIN mortgage programs specifically in New York, and the process is more straightforward than most people expect.
Can I really get a mortgage in New York with just an ITIN?
Yes, and this is not a loophole. ITIN mortgages are legal, fully regulated loans offered by portfolio lenders: banks and credit unions that hold the loan on their own books rather than selling it to Fannie Mae or Freddie Mac. Because these lenders set their own underwriting criteria, they can accept an ITIN in place of a Social Security number.
ITIN mortgages are available nationwide, though availability varies by lender and region. States with larger immigrant populations tend to have a broader range of options. New York is consistently among the most active ITIN mortgage markets, alongside California, Texas, Florida, and Illinois.
An ITIN mortgage is a home loan for buyers who use an Individual Taxpayer Identification Number instead of a Social Security Number. The IRS issues these numbers to individuals who need a U.S. taxpayer identification number but are not eligible for an SSN, including undocumented immigrants, foreign nationals, and nonresident aliens.
If you are already filing U.S. taxes with your ITIN, you meet the most fundamental requirement most lenders look for.
Which lenders actually approve ITIN mortgages in New York?
A question we hear often: readers know ITIN mortgages exist in theory but want to know who in New York will actually pick up the phone and process the loan.
Here are confirmed lenders with active programs in New York as of September 2026:
| Lender | Type | NY Coverage | Min. Down | Min. Credit Score | Notable Feature |
|---|---|---|---|---|---|
| Prysma Lending Group | Non-QM broker/lender | NYC metro + statewide | 15% | 620 | Spanish-speaking loan officers; ITIN specialist since 2003 |
| Neighborhood Trust FCU | Community credit union | Bronx, NYC | 10%-15% | Alt. credit accepted | ITIN program for all members regardless of immigration status |
| New American Funding | Non-QM lender | Statewide | 10%-20% | 620 | Large nationwide ITIN program; manual underwriting |
| Angel Oak Mortgage | Non-QM lender | Statewide | 10% | 620 | Bank statement income option for self-employed |
| Acra Lending | Non-QM lender | Statewide | 15% | 600 | Flexible on alternative credit history |
| Carrington Mortgage | Non-QM lender | Statewide | 20% | Below 620 considered | Manual underwriting for thin-file borrowers |
| First National Bank of America | Portfolio bank | Statewide | 15% | Flexible | Non-QM specialist; accepts ITIN or SSN |
Prysma Lending Group has worked with ITIN borrowers since 2003 and serves the New York region with Spanish-speaking loan officers. That matters for the large Dominican, Mexican, and Puerto Rican communities across the five boroughs and suburban counties.
Neighborhood Trust FCU makes every product available to ITIN holders, regardless of immigration status. They operate primarily in the Bronx and upper Manhattan, two of the densest ITIN-holder communities in the state.
What rates should I expect for an ITIN mortgage in New York?
This one comes up a lot: borrowers want a number, not a range. Here is what the market looks like in fall 2026.
ITIN mortgage rates currently run from 6.87% to 8.50%, roughly 1-3 points above conventional loans. The premium reflects the non-QM structure: lenders hold these loans on their own books rather than selling them to government-sponsored entities, so they price in the additional risk and servicing cost.
Where you land in that range depends on three things: your credit score, your down payment size, and how you document income. A borrower with a 680 credit score, a 20% down payment, and two clean years of W-2 income will land near the low end. A self-employed borrower using 24-month bank statements and a 660 score will land near the high end.
New York’s property values are among the highest in the country. According to the New York State Association of Realtors, the median home sale price in New York State was approximately $450,000 in mid-2026. On a $400,000 loan at 7.5% over 30 years, your principal and interest payment is roughly $2,797 per month. Factor in New York property taxes (often 2%-3% of assessed value per year) and homeowners insurance when calculating what you can afford.
To see how ITIN mortgage rates compare across all states, visit our full ITIN mortgage rates guide.
What are the minimum requirements to qualify?
A credit score of 620 or higher is the standard minimum, with 660 unlocking better rates at most lenders. Two years of U.S. tax returns filed with your ITIN are non-negotiable at virtually every lender.
Beyond that, lenders converge on a consistent set of requirements.
Credit score: 620 minimum; 660+ for standard pricing; 700+ for the best rates or lowest down payment tier. If you have no U.S. credit file, some lenders accept alternative credit history, meaning 12 months of documented on-time payments for rent, utilities, car insurance, or a phone bill.
Down payment: for most New York borrowers without a strong credit file, plan on 15%-25%. Borrowers with solid documentation and a score above 700 may qualify for 10% at select lenders.
Income documentation: W-2 employees provide pay stubs and two years of returns. Self-employed borrowers can often substitute 24 months of bank statements, which works well for gig workers, restaurant workers, and small business owners who make up a large share of New York’s immigrant workforce.
Two-year tax filing history: this is the single most common reason applications get delayed. If your ITIN is newer than two years, start building that filing history now and apply when you reach the two-year mark.
If your credit score is not yet at 620, read our guide on building credit with an ITIN before you apply. A few months of targeted credit-building can move your rate meaningfully.
How do New York ITIN mortgage rules differ from other states?
Readers frequently ask: whether New York has extra hoops compared to Texas or Florida.
The core underwriting requirements are set by each individual lender and are consistent nationwide. What differs in New York is mainly the cost structure and property type landscape.
New York’s attorney-state closing process means you are required to have a real estate attorney at closing, adding $1,500-$3,000 in legal fees compared to escrow-state closings common in Texas or California. New York City also has a Mortgage Recording Tax of 1.8% on loans below $500,000 and 1.925% on loans of $500,000 or more. On a $400,000 ITIN mortgage in NYC, that is roughly $7,200 in recording tax. Budget for it before you go under contract.
Outside New York City, in areas like the Hudson Valley, Long Island, and Westchester, the mortgage recording tax still applies but at lower total dollar amounts since home prices are lower. Non-QM lenders typically lend on single-family homes, condos, and 2-4 unit properties where you occupy one unit. The 2-4 unit structure is particularly common in NYC neighborhoods and can be a smart first purchase, since rental income from the other units can help you qualify.
What documents do I need to apply?
Applicants who get approved fastest are the ones who have their documents ready before they call a lender. Build this folder first:
- Valid ITIN assignment letter from the IRS
- Two years of federal tax returns (1040) filed with that ITIN
- Two to three months of bank statements for all accounts
- Two most recent pay stubs (W-2 employees) or 24 months of bank statements (self-employed)
- Proof of current residence such as a utility bill or lease agreement
- Letters from employers confirming your position, tenure, and income
- A valid government-issued photo ID (passport, consular ID, or driver’s license)
For a complete ITIN mortgage document checklist with lender-specific variations, see our ITIN mortgage documents guide.
Step-by-step: how to apply for an ITIN mortgage in New York
- Check your credit. Pull your report from all three bureaus at AnnualCreditReport.com. You can do this with your ITIN. Fix any errors before applying.
- Gather your documents. Use the folder list above. Having everything ready cuts weeks off the timeline.
- Get pre-qualified with 2-3 lenders. Rates vary significantly across non-QM lenders. A quarter-point difference on a $400,000 loan saves about $20,000 over 30 years.
- Work with a New York real estate attorney. Unlike many states, New York requires legal representation at closing. Find one before you go under contract.
- Lock your rate. Non-QM rates move with the broader bond market. Once you find a property, lock as soon as your lender allows.
- Close. Expect 30-45 days from application to closing for ITIN loans, slightly longer than conventional loans due to manual underwriting.
If you want help getting matched to a verified ITIN lender in New York, you can apply here and our team will connect you with programs that fit your situation.
Frequently asked questions
Can I buy a house in New York with an ITIN and no SSN? Yes. Non-QM portfolio lenders and community credit unions in New York accept an ITIN in place of a Social Security number. You will need verifiable income, two years of tax returns filed with your ITIN, and typically a 15%-25% down payment.
What credit score do I need for an ITIN mortgage in New York? Most lenders require a minimum of 620. A score above 660 unlocks better rate tiers. If you have no U.S. credit file, some lenders accept 12 months of alternative credit such as rent, utility, and phone bill payment records.
How much is the down payment for an ITIN home loan in New York? Most New York ITIN lenders require 15%-25% down. Borrowers with a credit score above 700 and strong income documentation may qualify for 10% down at select lenders. Gift funds are accepted by some programs.
Which lenders offer ITIN mortgages in New York City? Confirmed options include Prysma Lending Group (serving the NY metro since 2003), Neighborhood Trust FCU (Bronx and NYC), New American Funding (statewide), Angel Oak Mortgage Solutions (statewide), and Acra Lending (statewide). Carrington Mortgage is also active for thin-file borrowers.
Are ITIN mortgages legal in New York? Yes. ITIN mortgages are fully legal. They are portfolio loans held by the originating lender rather than sold to Fannie Mae or Freddie Mac. Regulated banks, credit unions, and licensed mortgage companies all offer them in New York under state and federal lending law.
What documents do I need for an ITIN mortgage in New York? You will typically need your valid ITIN assignment letter, two years of federal tax returns filed with that ITIN, two to three months of bank statements, proof of employment or self-employment income, and proof of residence such as a lease or utility bill.