At Millennium Mortgage, LLC, we understand that non-US citizens often face challenges when it comes to securing a home loan in the United States. Traditional mortgages typically require a Social Security Number (SSN) or U.S. credit history, which can be barriers for foreign nationals or individuals without SSNs. To address this gap, we offer ITIN Loans for Non-US Citizens, a unique mortgage solution that allows you to qualify for home financing using your Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number.

Our ITIN Loans are specifically designed for non-US citizens who have an ITIN, whether you’re an international worker, a resident alien, a student, or anyone without a U.S. Social Security Number. This loan option helps people who may not have a traditional U.S. credit history or the documentation typically required for a conventional mortgage. With this program, you can achieve homeownership, regardless of your citizenship status.

One of the key benefits of ITIN Loans is that they allow you to borrow up to 80% loan-to-value (LTV), meaning you can finance a significant portion of the home’s purchase price. This high LTV ratio makes it easier to get the loan you need, whether you’re purchasing your first home or refinancing an existing property. The ability to finance a large portion of the property’s value can make the homebuying process more accessible, particularly for those who are new to the U.S. or have limited savings for a down payment.

In contrast to traditional loans, ITIN Loans do not require a Social Security Number, which means they are accessible to individuals who may have come to the U.S. temporarily or do not have a U.S. credit history. These loans provide an opportunity for foreign nationals to invest in U.S. real estate, whether for personal use or as an investment property. At Millennium Mortgage, LLC, we believe everyone deserves the chance to own a home in the U.S., and our ITIN loan program makes that possible.

When applying for an ITIN Loan, you will need to provide documentation such as your ITIN, proof of income, and other relevant financial records. This may include recent bank statements, utility bills, and proof of employment. While you do not need a U.S. credit score, lenders will evaluate your ability to repay the loan based on your overall financial situation, including income stability and the amount of debt you currently carry. Our team will help guide you through the documentation process, ensuring that you meet all the necessary requirements.

Another advantage of ITIN Loans is that they often have more flexible qualification criteria compared to conventional loans. For example, these loans take a broader view of your financial history, considering factors such as timely rent payments and your history of managing finances in your home country. At Millennium Mortgage, LLC, we understand that your financial situation is unique, and we work with you to find the best solution for your needs.