ITIN Mortgage Loan Success: Immigrant Business Owner Buys First Home
- By Jim Blackburn
- on
Client Profile
- Name: José R.
- Age: 38
- Country of Origin: Mexico
- Location: Bakersfield, CA
- Profession: Restaurant Owner (sole proprietor)
- Purchase Price: $312,000
- Loan Type: ITIN Mortgage
- Down Payment: 20%
- U.S. Credit: None
- ITIN Provided: Yes
The Challenge
José had lived and worked in the U.S. for over 10 years, filing taxes annually under an Individual Taxpayer Identification Number (ITIN). He was ready to purchase a home for his family but kept getting denied by banks that required a Social Security Number.
Even with strong income and consistent tax filings, his lack of SSN blocked him from conventional mortgage options.
The Strategy
We matched José with a lender offering ITIN Mortgage Loans, specifically created for non-citizens without SSNs.
Key highlights of the strategy:
- Qualified using 2 years of tax returns and bank statements
- No SSN or U.S. credit score required
- Used translated business P&L and ITIN verification
- Closed with 20% down, no PMI, and fixed-rate terms
- Bilingual underwriting and closing support provided throughout
The Outcome
- José purchased a 3-bedroom home for his wife and two children
- Closed in under 30 days
- He retained business liquidity and is now building U.S. equity
- He now refers others in his community who believed homeownership was out of reach
Quote from José:
“People told me I couldn’t buy a home without papers or credit. Now I have the keys—and a place my kids will grow up calling ours.”
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