ITIN & Foreign National Mortgage Loans
Traditional lenders require a Social Security Number, shutting out millions of creditworthy borrowers. Our programs provide financing for ITIN holders seeking primary homes in the U.S. and foreign national investors building a U.S. real estate portfolio.
U.S. Mortgages for ITIN Holders and Global Citizens
Standard U.S. mortgage lending relies almost entirely on Social Security Numbers and U.S. credit reports. This creates an unnecessary barrier for creditworthy individuals living and working in the U.S. with an Individual Taxpayer Identification Number (ITIN), as well as international investors seeking access to the stable U.S. real estate market.
At MMC Lending, we specialize in navigating global financial profiles. We offer dedicated loan programs that accept ITINs and foreign credit history in lieu of traditional U.S. documentation, providing a clear path to homeownership and investment.
How ITIN & Foreign National Loans Work
We have developed two distinct pathways tailored to your residency status:
- For U.S. Residents with an ITIN: If you live and work in the U.S. but use an ITIN instead of an SSN, our ITIN Activator program helps you buy a primary residence or second home. We use alternative documentation (Alt Doc) like bank statements to verify income, and we even offer options for borrowers with no established credit score.
- For Foreign National Investors: If you reside outside the U.S. and want to invest in properties here, we utilize DSCR (Debt Service Coverage Ratio) lending. We qualify the loan based on the property's cash flow rather than your personal global income. We can verify your creditworthiness using foreign credit reports instead of a U.S. FICO score.
Key Features and Benefits
No SSN Required:
Qualify using your ITIN or foreign passport/visa.
High Purchase Leverage:
ITIN holders can secure up to **85% LTV** for primary residences. Foreign investors can access up to **70–75% LTV**.
No U.S. Credit History Needed:
Programs available for borrowers with "No FICO" or by utilizing foreign credit reference letters.
Jumbo Loan Capacity:
Financing available up to 1 Million for ITIN holders and up to 3 Million for Foreign National investors.
Flexible Documentation:
Options range from "Full Doc" foreign income verification to streamlined "Alt Doc" and DSCR cash-flow qualification.
Who This Loan Is Best For
ITIN Holders:
U.S. residents without an SSN looking to purchase their first home or a vacation property.
International Investors:
Non-U.S. residents seeking to diversify their portfolio with U.S. rental properties using business-purpose loans.
New Arrivals:
Individuals recently relocated to the U.S. who have income but have not yet established a U.S. credit profile.
Basic Loan Terms and Options
Loan Amounts: | Typically ranges from 150,000 up to Jumbo tier (3M+) depending on the program. |
Property Types: | Single-family homes, condos, townhomes, and 2–4 unit investment properties. |
Occupancy: | Primary residence and second homes (ITIN); Investment properties (Foreign National & ITIN DSCR). |
Eligibility Requirements
- Identification:
Must provide a valid ITIN card/letter or a valid foreign passport and visa appropriate for the loan type.
- Credit:
U.S. FICO scores accepted if available (typically 680+ for investors, 720+ for high-leverage ITIN), but foreign credit or no-score options are standard.
- Reserves:
Borrowers must typically show significant liquid reserves (e.g., 6–12 months of mortgage payments) in a verifiable account, sometimes requiring funds to be seasoned in a U.S. institution.
Advantages and Trade-Offs
Advantages
- Access to the U.S. housing market that is completely blocked by conventional lenders.
- Ability to build U.S. credit history through the mortgage.
Considerations
- Down payment requirements are generally higher (15%–30%+) than standard FHA or conventional loans.
- Interest rates are typically higher to account for the specialized underwriting required for international profiles.
Why Work With MMC Lending
Global Expertise:
We understand the complexity of international tax structures, foreign asset verification, and visa types.
In-House Underwriting:
We don't rely on automated systems that automatically reject non-SSN files; our human underwriters review the full strength of your profile.
Multilingual Support:
Our team is equipped to assist borrowers through language barriers to ensure a smooth process.
Ready to Get Started?
Take the first step toward your ITIN & Foreign National Mortgage Loans. Our experienced loan officers are here to guide you through every step.