One of the standout offerings in our portfolio is the ITIN loan program, which can be a game-changer for individuals without a Social Security number.
What is an ITIN Loan Program?
An Individual Taxpayer Identification Number (ITIN) loan program is specifically designed for borrowers who do not have a Social Security number but have an ITIN. These loans are a vital resource for non-citizens who are living and working in the U.S. and want to buy a home.
Who Qualifies for an ITIN Loan?
To qualify for an ITIN loan, borrowers typically need to meet the following criteria:
- Possess a valid ITIN.
- Have a stable job and a verifiable income.
- Provide a history of tax returns filed with their ITIN.
- Demonstrate a good credit history (though some lenders may offer options for those with less-than-perfect credit).
- Make a down payment, usually ranging from 10% to 20% of the home’s purchase price.
Benefits of ITIN Loans
- Pathway to Homeownership: ITIN loans open doors for those who might otherwise be excluded from traditional mortgage programs.
- Credit Building: Successfully securing and repaying an ITIN loan can help build and improve your credit score.
- Diverse Options: These loans are available for various property types, including single-family homes, condos, and multi-family properties.
Armenta Realty: Your Partner in the Homebuying Journey
At Armenta Realty, we pride ourselves on offering a diverse range of mortgage products to suit the needs of our clients. Our team of experienced professionals is here to guide you through every step of the homebuying process, ensuring you find the perfect loan program for your situation. We are proud to serve clients across most of the United States, providing expert advice and tailored solutions.
Why Choose Armenta Realty?
- Expertise: Our team has extensive knowledge of the mortgage industry and ITIN loan programs.
- Personalized Service: We take the time to understand your unique needs and financial situation to recommend the best loan options.
- Comprehensive Support: From the initial consultation to closing the deal, we offer continuous support to make your homebuying experience smooth and stress-free.
Explore Our Mortgage Products
In addition to ITIN loans, Armenta Realty offers a wide array of mortgage products, including:
- Conventional Loans
- FHA Loans
- VA Loans
- Jumbo Loans
- USDA Loans
- DSCR Loans
- Hard Money Loans
Each of these options comes with its own set of benefits and eligibility criteria, and our team is here to help you navigate through them all.
Get Started Today!
Homeownership is within your reach, and Armenta Realty is here to help you make it a reality. Whether you’re interested in learning more about ITIN loan programs or exploring other mortgage options, we’re here to assist you every step of the way.
Contact us today at (520) 833-8056 to take the first step towards owning your dream home!
