What is a ITIN Loan

Benefits of ITIN Loans

No Social Security Number Required: ITIN loans are specifically designed for borrowers who do not have a Social Security number but have an ITIN. This makes them accessible to a broader range of individuals, including foreign nationals and undocumented immigrants.

Flexible Qualification Criteria: ITIN loans offer more flexible qualification criteria, including accommodating a variety of income documentation methods, such as tax returns and bank statements.

Competitive Rates and Terms: We strive to offer competitive interest rates and favorable loan terms, making homeownership more affordable and attainable for our clients.

Ideal for Diverse Borrowers: ITIN loans are suitable for a wide range of borrowers, including self-employed individuals, independent contractors, and those with diverse income sources.

WHY CHOOSE US

What We Offer To You

Welcome to Las Vegas Mortgage, where we specialize in providing tailored mortgage solutions through our ITIN Loan program. As a dedicated ITIN loan specialist, I am committed to helping individuals who do not have a Social Security number achieve their dream of homeownership. Our ITIN loans are designed to cater to the unique needs of borrowers with an Individual Taxpayer Identification Number (ITIN).

Expertise in ITIN Loan

With extensive experience in ITIN loan programs, I understand the unique challenges faced by borrowers without a Social Security number. We provide expert guidance and support throughout the loan process, ensuring that you receive the best possible terms and rates.

Personalized Service

At Las Vegas Mortgage, we take the time to understand your specific needs and financial situation. Whether you're buying your first home, refinancing, or investing, I offer customized loan solutions tailored to your goals.

Seamless Process

Our ITIN loan process is designed to be straightforward and efficient. We focus on your creditworthiness, employment stability, and overall financial health, rather than requiring a Social Security number.

Commitment to Clients

Your satisfaction is my top priority. I am dedicated to providing transparent, honest, and responsive service throughout the entire loan process.

Local Expertise

As a locally-based mortgage company, we have a deep understanding of the Las Vegas real estate market. Our insights and connections enable us to offer you valuable advice and assistance, whether you're buying a home in the city or the surrounding areas

Comprehensive Loan Options

We offer a wide range of mortgage products, including FHA, VA, conventional, and jumbo loans. This diverse selection allows us to tailor our offerings to meet your specific financial needs and goals, ensuring you get the most suitable loan product for your situation.

Mortgage Pre-Approval

Secure your financing before you start shopping. Our pre-approval process is quick and easy, giving you a clear understanding of your budget and making you a more attractive buyer. Start your journey with confidence!

House Shopping

Explore a wide range of properties that fit your needs and lifestyle. Whether you're looking for your first home, a vacation retreat, or an investment property, our team is here to guide you through the search and help you find the ideal match.

Loan Application

Complete your mortgage application with our streamlined and user-friendly process. Our experienced loan officers will assist you every step of the way, ensuring all your questions are answered and your application is processed smoothly. Let us help you make your homeownership dreams a reality!

WHAT’S THE BEST

Mortgage Programs

At Las Vegas Mortgage, we offer a variety of mortgage programs tailored to meet your unique financial situation and goals. Whether you're a first-time homebuyer, a seasoned investor, or somewhere in between, we have the perfect loan solution for you.

Specific Programs

FHA Loans: Ideal for those with lower credit scores or limited down payment funds.
Conventional Loans: Flexible options with competitive rates for a range of borrowers.
USDA Loans: Great for rural property buyers, offering zero down payment.
VA Loans: Exclusive benefits for veterans and active-duty military members.
DSCR Loans: Perfect for real estate investors focusing on cash flow properties.
Bank Statement Loans: Designed for self-employed borrowers who need to show income differently.
ITIN Loans: Accessible options for those without a Social Security number.
Foreign National Loans: Financing solutions for non-U.S. citizens.
Fix and Flip Loans: Short-term financing for property renovation and resale.
Cannabis Industry Loans: Tailored loan options for professionals in the cannabis sector.
1099 Loans: Options for independent contractors and freelancers with 1099 income.
Private Money Loans: Quick and flexible funding for unique situations or investments.

OUR TEAM

Our Staff Profiles

KeVIN SCHANDA

SENIOR MORTGAGE ADVISOR

NMLS 93971

JONATHAN FESSER

MORTGAGE ADIVSOR

NMLS 2225687

BONNIE CLOCKEL

MORTGAGE ADVISOR

NMLS 1906508

Frequently Asked Questions

What is an ITIN Home Loan?

An ITIN home loan is a mortgage option designed for individuals who do not have a Social Security number but have an Individual Taxpayer Identification Number (ITIN). These loans provide an opportunity for foreign nationals, undocumented immigrants, and others with ITINs to purchase or refinance a home. ITIN loans offer flexible qualification criteria and are tailored to meet the needs of borrowers with non-traditional credit or income documentation.

Who is Eligible for an ITIN Loan?

Eligibility for an ITIN loan requires the borrower to have an Individual Taxpayer Identification Number (ITIN), which is issued by the IRS to individuals who are not eligible for a Social Security number. Borrowers must demonstrate stable employment or income and have a verifiable credit history, which can be established through alternative means if traditional credit reports are not available. Lenders may also require a valid government-issued ID from the borrower's home country.

What are the Down Payment Requirements for ITIN Loans?

Down payment requirements for ITIN loans typically range from 10% to 30% of the property's purchase price, depending on the lender and the borrower's credit profile. A larger down payment may help offset the perceived risk associated with lending to borrowers without a Social Security number. It can also lead to better interest rates and loan terms. Some lenders may allow the use of gift funds for the down payment.

Are There Specific Credit Requirements for ITIN Loans?

While ITIN loans do not have strict credit score requirements, borrowers are expected to demonstrate a reasonable credit history. Lenders may use alternative credit evaluations, such as rental payment history, utility bills, and other non-traditional credit sources if a traditional credit report is not available. Building a strong credit profile, even with alternative credit sources, can improve the likelihood of loan approval and favorable terms.

What Types of Income Documentation are Required for an ITIN Loan?

ITIN loans typically require alternative forms of income documentation, as traditional W-2 forms or pay stubs may not be available. Commonly accepted documents include:

Recent tax returns filed with the ITIN, Bank statements showing consistent deposits over a specified period. (usually 12-24 months).

A letter from the borrower's employer verifying employment and income.

Profit and loss statements for self-employed borrowers.

Lenders may have specific requirements, so it is essential to consult with your loan officer for the exact documentation needed.