ITIN mortgage loans in Florida

An Individual Taxpayer Identification Number is used for tax filing by people who do not have a Social Security number. I arrange ITIN home loans in Florida only. I review identification, income, credit, funds for closing and the property before comparing programs.

An ITIN by itself does not establish mortgage eligibility or immigration status. I check the identification and residency documentation required for the particular program. Not everyone will qualify.

I start with how you earn your income and what records you can provide. Full documentation can include tax returns and employment or business records. For an eligible business owner or independent contractor, I also compare bank statement, 1099 and P&L options.

I review the deposits, business expenses and supporting records rather than treating gross receipts as qualifying income. The documents accepted and the income calculation depend on the program and your file.

A bank may not offer an ITIN mortgage, or its documentation requirements may not fit your income. That does not tell me whether another available program will work. As a mortgage broker, I compare the options I can arrange instead of limiting the review to one bank's menu.

I explain the required records and review the down payment, reserves, credit and property together. An alternative documentation option is not a promise of approval.

I explain the broader choices in my non-QM loans guide and bank statement loans guide. For a Florida business owner, I also review the paths in my self employed mortgage guide.