The Low down on

ITIN Programs

Foreign nationals, who are either U.S. residents or nonresident aliens with an individual tax identification number (ITIN), cannot qualify for a conventional loan. ITIN loans are a unique kind of loan for individuals that may not have the traditional documentation needed to obtain mortgage loans. ITIN loans are also a suitable option for individuals who do not have a Social Security Number. Using their ITIN, these individuals have a path toward homeownership as they can get a mortgage loan.

ITIN Loan Requirements


ITIN loans may be available for single-family residences, condos, townhomes, and multiple units in residential buildings. The lending institution’s requirements for the ITIN loan may differ as well as the total amount they are willing to lend.

some core components of ITIN home loans will likely include:


  • Identification: Alongside your ITIN card, lenders may ask you to provide additional documentation to verify your identity, such as a driver’s license or other identification.


  • Credit score: ITIN loans may have more flexible credit score requirements compared to other types of mortgage loans, but some lending institutions may give it greater focus in the application process. If you have a lower credit score, lending institutions may still work with you to obtain the mortgage loan but may require additional information on existing debt and current payments.


  • Proof of employment: ITIN home loan applications will need to show a minimum of 2 years of consistent employment history; this can also include self-employment.


  • Tax returns: The ITIN home loan application will also require two years of tax returns.


  • Other financial documentation: Some Lenders will want to see any additional financial information that can support the application and prove that you will be able to make your monthly payments, including bank statements and any other relevant assets. Savings in a U.S. bank account may also be included in the application as further proof of finances.


  • Down payment: The amount needed for the down payment with ITIN mortgage loans will differ based on the lender’s guidelines, but it’s usually higher than other types of mortgage loans. A minimum of 20% down payment should be the expectation when applying for ITIN home loans.

You ask, we answer

We know the mortgage process can be tricky. Here’s some questions people like you have asked us in the past.

At Channel Mortgage, we are dedicated to providing you with a comprehensive online platform for tailored mortgage solutions. Our commitment to integrity ensures that you receive prompt customized quotes and competitive rates. With our user-friendly tools and expert guidance, we strive to simplify the home loan process and assist you every step of the way. Experience a smoother journey towards homeownership with Channel Mortgage.

Channel Mortgage proudly holds the esteemed position of being a diamond partner with the nation’s largest wholesale purchase lender. This partnership translates into remarkable advantages for you, including the quickest turnaround time and access to an exceptional platform that ensures a consistent and successful loan closure. With an average closing time of just 12 days, we prioritize efficiency without compromising quality.

Safeguarding your personal information is of utmost importance to us. We prioritize the highest level of security measures by employing bank-level encryption and conducting continuous monitoring of our website to ensure its safety. Rest assured, we are committed to never selling your data or utilizing it for any purpose other than assisting you succeed.

Mortgage rates are subject to daily fluctuations and are influenced by individual circumstances. However, by initiating your application online, you will consistently receive our most competitive rates. Take advantage of this opportunity to access today’s rates and learn how rates are trending: get your free quote today!

Channel Mortgage is best for people who have a credit score of 620 or above and are ready to buy, sell, refinance, or build their dream home.

Do You Qualify?

To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “43/49.” This means that no more than 43% of your total monthly income (from all sources, before taxes) can go toward your new mortgage payment, and no more than 4 late payments.