ITIN

What is a ITIN loan?

Individual Tax Identification Number (ITIN) loans are for borrowers who do not have Social Security numbers. Borrowers with ITIN cards can qualify for a mortgage as long as they meet the eligibility requirements. This loan product is a full doc non-QM mortgage offering flexibility for individuals residing in the United States.

How do I get an ITIN?

To obtain an ITIN (Individual Taxpayer Identification Number), follow these steps:

1.Get Form W7: Obtain the Application for IRS Individual Taxpayer Identification Number (Form W-7) from the IRS website or by calling their helpline.

2.Complete the Form: Fill out Form W-7 accurately, providing all the required information.

3.Gather Documentation: Gather the necessary supporting documents, such as proof of identity and foreign status, as listed by the IRS.

4.Submit the Application: Submit your completed application and supporting documents either by mail or in person at an IRS Taxpayer Assistance Center.

5.Wait for Processing: Wait for the IRS to process your application, which typically takes 4 to 6 weeks.

6.Receive the ITIN: Once approved, you will receive your nine-digit ITIN from the IRS, which you should keep in a secure place for tax-related purposes.

Note that individual circumstances may require additional steps or documentation, so it’s advisable to consult the IRS website or seek professional guidance for specific guidance.

ITIN Home Loan Requirements