Mortgage Glossary
ITIN Loan
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
An ITIN loan is a mortgage for borrowers who file taxes with an Individual Taxpayer Identification Number instead of a Social Security number.
What ITIN Loan means
These non-QM loans serve creditworthy buyers without traditional SSN-based credit, using tax returns, bank statements, and alternative credit. Expect larger down payments and slightly higher rates.
Florida example
A Florida buyer who files with an ITIN and has two years of tax returns can purchase a primary residence with roughly 15–20% down. It opens homeownership to many immigrant families who can document stable income.
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