ITIN

ITIN Loans for Brokers

ITIN BORROWERS · PRIMARY, SECOND HOME & INVESTMENT

Full-Doc and Alt-Doc financing for ITIN borrowers — W2/Tax Returns, Bank Statements, 1099, or WVOE, INV - DSCR. $150K to $1.5M with flexible tradeline requirements and no U.S. credit event seasoning.

SCORE

660

80% Purchase

Max Loan

$1.5M

75% Cash-Out

Max LTV

80%

—

Max DTI

50%

All doc types

LTV Matrix

Max LTV by FICO, loan amount, and scenario

FICO	Loan Amount	Purchase	Rate/Term	Cash-Out
≥ 700	≤ $1,500,000	80%	80%	75%
680	≤ $1,000,000	80%	80%	70%
680	$1,000,001 – $1,500,000	75%	75%	70%
660	≤ $1,000,000	75%	75%	70%
660	$1,000,001 – $1,500,000	70%	70%	65%

Swipe to view full matrix →

Property Type LTV Caps

Overlay caps for specific property types

Property Type	Loan Amount	Purchase	Rate/Term	Cash-Out
2-4 Unit, CondoTel	≤ $1,500,000	70%	70%	65%
FN-Declining Markets	≤ $1,500,000	75%	75%	70%

ITIN • Quick Shots

ITIN · QR Guide

ITIN Loan Amounts: Min $150,000 · Max $1,500,000
Credit Score / Tradelines: Use the primary wage earner's score · Middle of 3 scores · Lower of 2
Min: 2 reporting 24-months w/ activity in last 12 months, OR
3 reporting 12-months w/ recent activity, OR
1 mortgage/installment/revolving reporting 36-months w/ activity in last 6 months
If the primary borrower has three (3) credit scores, the minimum tradeline requirement may be waived
Eligible Borrower Citizenship: ITIN borrowers must have an unexpired government-issued ID (e.g., passport, U.S. state-issued ID)
Copy of ITIN card or letter from IRS assigning the ITIN number to the borrower
Proof ITIN was assigned to the borrower prior to application
IRS Form W-7 must be accompanied by the most recent filed ITIN letter of intent
Occupancy: Primary Residence, Second Home, Investment
Income Doc Type: Full Doc: Standard 1 or 2-Year W2 or Tax Returns
12 or 24-Months Bank Statements (must be self-employed for 24 months)
1-Year 1099 Only w/ 2 months of bank statements to support income
1 or 2-Year WVOE Only w/ 2 months of bank statements to support income
Debt Ratio: Max DTI 50% (all income doc types)
Mortgage Rating: Refinance: 0x30x12/24 for the subject property
Credit Event Seasoning: N/A — U.S. credit not applicable
Reserves: < $1.49M: 6 months
≥ $1.50M: 12 months
Cashout allowed for reserves
Loan Products: 15 yr Fixed · 30 yr Fixed · 40 yr Fixed w/ 1st 10 yr Interest-Only
Property Type: SFR · 2-4 Units · Condo · Non-Warrantable Condo · CondoTel · Rural (contact Sales)
ACH & Escrow Account: Will be sent out to be executed at closing
Cash-Out Refinance: LTV > 50.01% — Maximum $300,000
LTV ≤ 50% — Maximum $750,000
Gift Funds: Allowed to cover 100% of the borrower's closing costs & down payment
Gift funds may not be used for reserves
First-Time Home Buyers: Allowed
Acreage: Maximum 20 acres
Asset Seasoning: 30 days in a U.S. institution · Large deposits must be sourced
Escrow Accounts: All ITIN loans require escrow accounts. HPML loans require escrows for property taxes, hazard insurance, and flood insurance.