NON-QM Loans | ITIN/Tax ID Loan
ITIN/Tax ID Loans for homebuyers without a social security number
An ITIN or Tax ID loan may help eligible borrowers qualify for a mortgage using an Individual Taxpayer Identification Number instead of an SSN. These programs are commonly used by borrowers who live and work in the United States, have income, assets, and credit history, but do not fit traditional mortgage guidelines.
At Andes Mortgage, we help ITIN borrowers compare available mortgage options, understand the documentation needed, and get matched with a loan program that fits their profile.
100% secured. No impact to your credit scores.
ITIN borrower solutions
Flexible documentation for Tax ID/ITIN mortgage borrowers
Purchase and refinance
We do Tax ID mortgage loans for buying and refinancing a home including cash-out
Bilingual Guidance Available
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ITIN LOAN QUICK FACTS
ITIN Instead of SSN
Qualify based on your ITIN/Tax ID number.
Primary Home Options
Finance your primary residence with an ITIN mortgage program.
Investment Options
Purchase or reifnance investment properties with our DSCR ITIN mortgage.
Flexible credit requirements
Minimum credit score to qualify is 640.
As Low As 10% Down Payment
Our ITIN home loan is available with a minimum of 10% down payment.
Flexible income rquirements
We can qualify you based on W2s, 1099s, bank statements or DSCR .
What is an ITIN or Tax ID Loan?
An ITIN loan is a mortgage option for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
These loans are a part of the Non-QM mortgage environment because they do not follow the same agency guidelines used for conventional, FHA, VA, or USDA loans.
Government mortgages like the ones mentioned, require for borrowers to have a legal status in the United States along with a valid social security number. With Tax ID loans, this is not required as borrowers are able to take advantage of this program for financing.
An ITIN or Tax ID loan is not a government grant. It is not an immigration program. It is not a shortcut around mortgage qualification.
It is a mortgage program that may allow eligible borrowers to apply for financing when they can document their income, assets, credit profile, and ability to make the mortgage payment.
For many borrowers, this can create a path to homeownership when a traditional mortgage lender says no because the borrower does not have a Social Security number or legal status.
Use W2s, Tax Returns, Bank Statements or DSCR to Qualify
First Time Homebuyers Allowed
Primary, Vacation and Investment Properties
Down Payment As Low As 10%
Who is an ITIN / Tax ID Loan Good for?
ITIN/Tax ID Holders
Use your Tax ID to qualify, not a social security number.
Non Citizen Borrowers
Undocumented, DACA, expired work permit borrowers may qualify
Self Employed Borrowers
Business owners and contractors may qualify without tax returns.
W2 and 1099 Employees
ITIN holders with stable employment may be eligible
First Time Homebuyers
ITIN holders with stable employment may be eligible
Not sure if the ITIN loan or a Non-QM loan is right for you?
ITIN Loans vs Conventional & Government Loans
How does the P&L loan stack up vs other popular Non-QM loans?
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Feature
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ITIN/Tax ID Mortgage Loan
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Conventional Loan
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FHA Loan
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ITIN/Tax ID Accepted?
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Yes
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No
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No
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Valid SSN Required?
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No
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Yes
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Yes
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Legal US status
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No
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Yes - Citizens, Residents, Work Permit or DACA
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Yes - US Citizens or Residents Only
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Credit Scores
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640 miinimum
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No minimum but 620+ may be needed
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As low as 520
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Down payment needed
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10% but 20% may be required
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3% for first time homebuyers
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3.5% for most FHA buyers
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Customer Win: Business owner with a Tax ID number who needed to lower his mortgage rate
Profile: Self-employed, owner of a commercial electrical company who took an ITIN home loan in 2023 with a 10% interest rate wanted to refinance to a lower rate to lower the payments and interest expense.
Challenge: Borrower had an ITIN (Taxpayer Identification Number), credit score was 660 and current lender would not refinance him without tax returns.
Solution: Bank Statement ITIN Loan
How it played out: Mr. Hernandez, had a very profitable electrical company which grossed over $2,000,000 every year, had taken out an ITIN loan for his forever home back in 2023 at a 10% interest rate. In 2026, rates had dropped drastically and we were able to lower his note by more than $800/month thanks to the lower Tax ID mortgage rates that we were able to offer him at the time.
Using 12 months of business bank statements, we qualified him with more than $500,000 of yearly income after using a 50% expense factor. This was more than enough to get him to qualify.
ITIN Loan Requirements
Interested in the program? These are some of the basic requirements you’ll need.
✅ Minimum 640 credit score.
✅ Minimum 10% down payment.
✅ 6 months of cash reserves.
✅ Established credit with the ITIN number.
✅ Minimum of 2 tradelines reported on credit for at least 1 year
✅ Proof of housing expense for at least 1 year (Rent or Mortgage)
Typical Documents You May Need
Non-QM ITIN Loans may help you finance real estate in the US but you’ll need to provide some of these documents to qualify
👉For employees: W2s, tax returns and pay stubs
👉 For business owners with low tax income: 12 or 24 months of bank statements
👉 A CPA or tax preparer letter
👉 For business owners with an ITIN number: Proof your business has been active
👉 Business license if applicable
👉 Asset statements for reserves and closing funds
👉 Valid US identification
👉 Valid ITIN Letter from the IRS
👉 Verification of rent or verification of mortgage
👉 Credit report
Pros & Cons of ITIN Loans
ITIN mortgage loans without Social Security number may be a great path for homeownershop but they are not always the cheapest or easiest option. Here’s how to think about the trade-offs.
Pros of ITIN Loans 😁
No social security or legal status is needed
With ITIN /Tax ID Loans, you do not need a social security number to qualify. This loan may be the answer for homeownership for those who are not citizens or permanenet residents in the United States but pay US taxes.
Helpful for 1099 contractors who are paid with an ITIN number
ITIN or Tax ID mortgage loans allow those who are paid with 1099s in order to qualify. This covers a large range of the population with ITIN numbers who may work construction, contracting, consultant, freelancers and more.
Great option for Self-Employed borrowers with Tax ID
At Andes Mortgage, we have ITIN Loans that qualify you based on your bank statements instead of tax returns. With our Bank Statement Tax ID mortgage, we analyze your business cash flow through 12 or 24 months of business or personal bank statements to qualify you.
Can work for purchases, refinances, and cash-out refinances
ITIN mortgage loan programs are available for buying a home, refinancing an existing mortgage, or pulling cash out of a property.
ITIN Borrower is the title owner
You will have full ownership of the property even though you do not have a social security number.
Cons of ITIN Loans 😒
Higher down payments are required
ITIN mortgage loans require higher down payments to qualify. Currently, the minimum down payment for a Tax ID loan is 10% of the purchase price when the credit score is at least 720. Higher down payments may be required depending on credit.
ITIN mortgage rates are higher than conventional mortgages
Because ITIN loans are higher risk to the lender and are a part of Non-QM loans, rates will be higher compared to other Non-QM loans and conventionla mortgages. Your exact rate depends on credit score, loan amount, down payment, property type, and overall risk profile.
More money down and reserves may be required
Although the minimum down payment alowed for an ITIN Loan is 10%, borrowers need to be prepared for down payments as much as 20%, especially those with lower credit scores. Additionally, you need to budget with having 6 months of mortgage payment reserves and closing costs.
Reserves are required for Tax ID Loans
The Tax ID / ITIN mortgage program require a minimum of 6 months of mortgage payments in reserves after closing. For example, if your mortgage payment is $2,000/month, you will need to have an additional $12,000 in reserves.
Housing history is required
Borrowers considering an ITIN home loan need to be prepared to show 12 months of housing payment history – this could be on-time rent payments or mortgage payments. Borrowers with homes paid free and clear may also qualify.
ITIN Loan FAQs
Common questions about buying or refinancing a home with an Individual Taxpayer Identification Number.
Yes, it may be possible to buy a house with an ITIN number through certain mortgage programs. Eligibility depends on your income, credit profile, down payment, assets, property type, occupancy, and current lender guidelines.
Not always. Some mortgage programs may allow eligible borrowers to apply using an Individual Taxpayer Identification Number instead of a Social Security number. Your available options depend on your residency documentation, income, assets, credit history, and loan program requirements.
ITIN loan credit score requirements vary by lender and program. Some programs may require traditional credit, while others may consider alternative credit documentation. A stronger credit profile, larger down payment, and solid reserves may help improve your available options.
The down payment needed for an ITIN loan can vary based on the lender, loan amount, credit profile, property type, occupancy, and documentation type. In many cases, ITIN loans may require a larger down payment than traditional conventional or government mortgage programs.
Yes. Self-employed borrowers with an ITIN may be able to qualify if they can document income and ability to repay. Depending on the program, acceptable documentation may include bank statements, tax returns, 1099 income, profit and loss statements, or other approved income documents.
Some ITIN loan programs may allow investment properties, but not all of them do. Eligibility depends on the property type, down payment, credit profile, loan amount, income documentation, and lender guidelines.
Many ITIN loan options are considered Non-QM mortgages because they may not fit traditional agency lending guidelines. Non-QM does not mean no documentation. It means the loan may use alternative guidelines to review the borrower’s ability to repay.
ITIN loans may have higher interest rates than conventional, FHA, VA, or USDA loans because they are often Non-QM mortgage products. Your rate depends on credit, down payment, loan amount, property type, occupancy, documentation, and market conditions.
Common documents may include ITIN documentation, a valid government-issued photo ID, income documents, asset statements, credit history or alternative credit documentation, housing payment history, and property documents. The exact list depends on your borrower profile and loan program.
The best way to know is to have your full profile reviewed. Andes Mortgage can compare your ITIN loan options, review your income and assets, and help you understand whether an ITIN mortgage, Non-QM loan, or another available program makes the most sense.
Not sure if an ITIN or Tax ID home loan is the right fit for you? 🤔
Let Andes Mortgage help you figure if this is the best solution or if there's a better loan for you out there.
Other Related Non-QM Product Resources
Bank Statement Loans
Non-QM Bank Statement Loan for self-employed borrowers and business owners.
bank statement HELOC
Home Equity Line of Credit using your bank statements for qualification.
DSCR Loan
Investor financing that does not require personal income to qualify.
Non-QM Loans
Suite of Non-QM loans for self-employed borrowers and investors offered by Andes Mortgage