ITIN Home Loans in Arizona & Texas
A path to homeownership for buyers using an Individual Taxpayer Identification Number instead of a Social Security number.
What Is an ITIN Loan?
An ITIN loan is a mortgage designed for buyers who file taxes using an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number. These aren't backed by a government agency like FHA or VA. Instead, Efinity Mortgage originates and holds these loans under our own guidelines, so we can offer this path to buyers who wouldn't otherwise qualify for a standard loan program.
Who ITIN Loans Are Often a Good Fit For
- Buyers who file taxes with an ITIN rather than a Social Security number
- Buyers with at least two years of U.S. tax returns filed under their ITIN
- Self-employed buyers who can document two years of business activity
- Buyers building credit through alternative methods, such as rent and utility payment history
Down Payment & Credit
ITIN loans generally require a larger down payment than standard loan programs, typically in the 20% to 25% range. With an excellent credit profile, such as a score of 720 or higher, along with strong reserves and other positive factors, a down payment as low as 10% may be possible.
Here at Efinity Mortgage, we can also consider alternative credit documentation, such as a history of on-time rent or utility payments, for buyers who don't have a traditional credit file.
Documentation & Income
Because ITIN loans aren't backed by a government agency, documentation tends to be more thorough. Most buyers need at least two years of U.S. tax returns filed under their ITIN, along with proof of steady income.
Alternative income documentation is also an option, such as 12 to 24 months of bank statements or 1099 forms, which can work well for self-employed buyers or those with non-traditional income.
Is an ITIN Loan Right for You?
Every borrower's situation is different. Reviewing your documentation, income, and goals together is the best way to know whether an ITIN loan fits what you're trying to do.
Common Questions
Do I need a Social Security number to qualify?
No. ITIN loans are designed specifically for buyers who file taxes with an ITIN instead of a Social Security number.
How much down payment do I need?
ITIN loans generally require more upfront than standard loan programs, typically in the 20% to 25% range, though a down payment as low as 10% may be possible with an excellent credit profile (720+), strong reserves, and other positive factors.
What if I don't have a traditional credit score?
Here at Efinity Mortgage, we can consider alternative credit documentation, such as a history of on-time rent or utility payments, as part of your application.
Can my spouse be on the loan if they only have a Social Security number?
Yes. If your spouse has a Social Security number, we can typically use both your ITIN and their SSN together on the application.