A Non-QM Mortgage is a home loan designed to help homebuyers who can’t meet the strict standards of a qualifying mortgage. For example, if you are self-employed or don’t have all the necessary documentation to qualify for a traditional mortgage, you might need to look at non-qualified mortgages.

  • 12 or 24 months of bank statements needed
  • 1099 income allowed
  • Debt-to-income is not calculated
  • Available for first time investors; can be used on non-owner occupied homes
  • Collateral-based loan
  • 30- or 40-year interest only

ITIN Loans

For segments of the population where it might be challenging to pursue conventional loan options, an ITIN loan could be a consideration. An ITIN is an Individual Tax Identification Number (ITIN) issued by the IRS and can be used as a form of ID for individuals.

ITIN loans are a unique kind of loan for individuals that may not have the traditional documentation needed to obtain mortgage loans. ITIN loans can be a suitable option for individuals who do not have a Social Security Number. Using their ITIN, these individuals have a path toward homeownership.

A model house with orange and black exterior

Benefits of an ITIN Loan:

  • Social Security cards are not required
  • Residency flexibility
  • Credit building
  • More sustainable to pay back