Purchase or refinance using your Individual Taxpayer Identification Number. Cash-out up to 80% LTV, consolidate debt, or buy a new home — alternative credit accepted, no SSN required.
A clear path to homeownership — no Social Security Number required. Here’s what makes ITIN loans work for you.
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No SSN Required
Purchase a home using your Individual Taxpayer Identification Number. No Social Security Number needed — your ITIN and tax filing history open the door to homeownership.
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Alternative Credit Accepted
No traditional credit score? No problem. Qualify using rental payment history, utility bills, cell phone payments, and other non-traditional credit references.
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Flexible Income Docs
Document income through tax returns, pay stubs, employer letters, or bank statements. Multiple paths to qualification for employed and self-employed borrowers.
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Purchase or Refinance
Buy your first home or refinance an existing ITIN loan. Cash-out refinance available up to 80% LTV — access your equity for home improvements, debt consolidation, or other goals.
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Build Credit History
Your on-time mortgage payments build your U.S. credit profile, opening doors to better loan options in the future — including conventional loans if you later obtain an SSN.
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FDIC-Insured Lender
Borrow from a federally chartered bank with over 110 years of stability. Your deposits and your trust are backed by the full faith of the U.S. Government.
Eligibility
Who Qualifies for an ITIN Loan?
If you have a valid ITIN and a history of filing U.S. taxes, homeownership may be closer than you think.
Borrower Requirements
ITIN & Tax History
Valid Individual Taxpayer Identification Number (ITIN)
Minimum 2 years of U.S. tax filing history using your ITIN
ITIN must be current (not expired or pending renewal)
Credit
620+ credit score if traditional credit exists
Alternative credit accepted: 12 months rent, utilities, cell phone
No late payments in the last 12 months on alternative tradelines
Income
2 years of tax returns filed with ITIN, OR
12–24 months of bank statements, OR
Pay stubs + employer verification letter
Self-employed borrowers may use tax returns or bank statements
Alternative Credit Is Welcome
No traditional credit score? Texana Bank accepts non-traditional credit references including rent payments, utility bills, cell phone payments, insurance premiums, and remittance history. We evaluate your full picture — not just a number.
Property & Loan Details
Property Types
Single-family homes
Condos and townhomes
2–4 unit properties (owner-occupied)
Must be your primary residence
Loan Amounts
$100,000 to $1,000,000+
Higher amounts may require larger down payment
Purchase
15–25% down payment required
Gift funds from family members may be permitted
Seller concessions may be applied toward closing costs
Refinance & Cash-Out
Rate-and-term refinance available
Cash-out refinance up to 80% LTV
Consolidate debt, fund improvements, or lower your rate
Loan Terms
Fixed rate: 30 years (most common)
Fixed rate: 15 and 20 years also available
ARM: 5/1, 7/1 adjustable rate options
ITIN Purchase
Your Path to Homeownership
An ITIN loan is designed specifically for individuals who file U.S. taxes with an Individual Taxpayer Identification Number. Purchase the home your family deserves — no Social Security Number required.
Purchase a primary residence with your ITIN
Down payments from 15–25% of purchase price
Alternative credit accepted (rent, utilities, phone bills)
Single-family, condos, townhomes, 2–4 units
Fixed-rate and adjustable-rate options
Build U.S. credit history with every on-time payment
No traditional credit score? We accept these as proof of your payment history:
Rent Payments: 12 months on time Utility Bills: Electric, gas, water Cell Phone: 12 months payment history Insurance: Auto or renter’s insurance
Explore all non-traditional loan options including Bank Statement, P&L, and Foreign National loans in our Investor & Self-Employed Hub →
ITIN Refinance
Access Your Home Equity
Already own a home with an ITIN loan? Refinance to lower your rate, shorten your term, or take cash out for home improvements, debt consolidation, or other financial goals.
Rate-and-term refinance to lower your monthly payment
Cash-out refinance up to 80% of home value
Consolidate high-interest debt into one low payment
Home Value: $350,000 Current Balance: $200,000 Max Cash-Out (80% LTV): $80,000 New Loan Amount: $280,000
Use your cash-out funds for anything — home improvements, debt payoff, education, business investment, or emergency reserves. No restrictions on how you use the money.
ITIN Loan Costs
Understanding ITIN Loan Costs
ITIN loans are non-QM products with no government fees or PMI. Here’s what to expect.
Cost
Typical Amount
Notes
Down Payment
15–25%
Based on credit profile and reserves
Origination Fee
1–2% of loan amount
May be rolled into the interest rate
Appraisal
$400–$700
Required for all purchases
Title Insurance
$1,000–$3,000
Varies by state and loan amount
Recording & Transfer
$200–$500
County/state recording fees
Escrow Deposits
2–6 months taxes & insurance
Held in escrow account
Total Closing Costs
2–5% of loan amount
In addition to down payment
No Government Fees & No Traditional PMI
ITIN loans are non-QM (non-qualified mortgage) products — they don’t carry FHA mortgage insurance premiums, VA funding fees, or traditional PMI.
✓ No FHA MIP or VA funding fee
✓ No traditional PMI requirement
✓ Seller concessions may cover a portion of closing costs
Note: Rates and costs are illustrative and subject to change. Your actual rate depends on credit profile, down payment, loan amount, and property type. Contact us for a personalized quote.
Loan Comparison
ITIN Loan vs. FHA Loan
See how ITIN loans compare to FHA loans — and why ITIN is the right path when you don’t have a Social Security Number.
ITIN Loan
FHA Loan
SSN Required
No — ITIN accepted
Yes — SSN required
Alternative Credit
✓ Accepted
Limited (non-traditional allowed by some lenders)
Min. Credit Score
620+ or alt. credit
580+ (3.5% down) / 500+ (10% down)
Down Payment
15–25%
3.5–10%
Mortgage Insurance
No MIP or PMI
1.75% upfront + 0.55% annual MIP
Gov. Backed
No (non-QM)
✓ FHA insured
Occupancy
Primary residence
Primary residence
Loan Limits
$100K–$1M+
County FHA limits apply
Tax Filing
2 years ITIN tax returns
2 years tax returns (SSN)
Closing Timeline
30–45 days
30–45 days
Rates, terms, and requirements vary by lender, property type, and borrower qualifications. Subject to credit approval.
ITIN Loan Calculator
Estimate Your Monthly Payment
Toggle between Purchase and Refinance to estimate your monthly payment. Refinance includes cash-out and debt consolidation options.
Estimates only. Actual rates, terms, and payments will vary based on credit profile, down payment, property, and lender guidelines. Subject to credit approval.
The Process
Your ITIN Loan Journey
From application to keys in 30–45 days. Here’s what to expect at every step.
1
Pre-Qualification & Document Gathering
1–5 Days
We review your ITIN, tax filing history, income documentation, and alternative credit references. A soft credit pull has no impact on your score. We’ll tell you how much home you can afford and what you’ll need for closing.
2
Home Search & Offer
Varies
With your pre-qualification letter in hand, shop for your home with confidence. When you find the right property, make an offer. Your pre-qualification shows sellers you’re a serious, qualified buyer.
3
Appraisal & Underwriting
14–21 Days
We order the appraisal to confirm the property value, verify your alternative credit references, and complete underwriting. We guide you through any additional documentation needed and keep you updated at every step.
4
Closing & Keys
1 Day
Sign your closing documents, finalize the down payment and closing costs, and receive the keys to your new home. Welcome to homeownership! Your on-time payments will now build your U.S. credit profile.
Frequently Asked Questions
ITIN Loan FAQs
Answers to the most common questions about ITIN loans, qualification, documentation, and the path to homeownership.
No. Texana Bank Mortgage uses a soft credit inquiry for pre-qualification, which has absolutely no impact on your credit score. You can check your eligibility, explore loan options, and get pre-approved without any effect on your credit. A hard inquiry only occurs later if you formally move forward with a full application.
An ITIN loan is a mortgage designed for borrowers who have an Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number (SSN). These loans allow non-citizens, undocumented immigrants, and other individuals without an SSN to purchase a home in the United States. ITIN loans are offered by select lenders like Texana Bank and are not government-backed programs — they are non-QM (non-qualified mortgage) products.
To qualify for an ITIN loan, you need a valid Individual Taxpayer Identification Number issued by the IRS, at least 2 years of U.S. tax filing history using your ITIN, stable income with documentation (pay stubs, tax returns, or bank statements), a minimum down payment of 15–25%, and either a credit score of 620+ or acceptable alternative credit history (rent payments, utility bills, etc.). The property must be your primary residence.
An ITIN (Individual Taxpayer Identification Number) is a tax processing number issued by the IRS to individuals who need to file taxes but are not eligible for a Social Security Number. ITINs are issued regardless of immigration status and are used solely for tax purposes. An SSN is issued by the Social Security Administration to U.S. citizens, permanent residents, and authorized workers. Both are 9-digit numbers, but ITINs always begin with the number 9.
Many ITIN loan programs accept alternative credit history in place of a traditional credit score. This can include 12 months of on-time rent payments, utility bill payment history, cell phone payment history, insurance payment records, or remittance payment history. If you do have a traditional credit score, a minimum of 620 is typically required.
ITIN loans typically require a down payment of 15–25% of the purchase price. The exact amount depends on your credit profile, income documentation, and the specific program. Some programs may allow as low as 15% down with strong compensating factors like excellent alternative credit and significant cash reserves.
ITIN loan borrowers can document income through several methods: 2 years of U.S. tax returns filed with the ITIN, recent pay stubs or an employment letter from your employer, 12–24 months of bank statements showing regular deposits, or a combination of these. Self-employed borrowers may use tax returns or bank statements to demonstrate income.
ITIN loans are available for single-family homes, condos, townhomes, and 2–4 unit properties (as long as you occupy one unit as your primary residence). The property must meet standard appraisal requirements. Investment properties and second homes are generally not eligible for ITIN loan programs.
Yes. ITIN borrowers can refinance their existing ITIN loan into a new ITIN loan to potentially lower their rate or change their term. If the borrower later obtains a Social Security Number, they may also be eligible to refinance into a conventional, FHA, or other traditional loan program with potentially better rates and terms.
To apply for an ITIN, file IRS Form W-7 along with a completed federal income tax return and original documents (or certified copies) proving your identity and foreign status. You can mail the application to the IRS, apply in person at an IRS Taxpayer Assistance Center, or use an IRS-authorized Certified Acceptance Agent (CAA). Processing typically takes 7–11 weeks.
For tax and mortgage purposes, you are considered a resident alien if you have a Green Card or meet the Substantial Presence Test (physically present in the U.S. for at least 31 days in the current year and 183 days over a 3-year period using a weighted formula). A non-resident alien does not meet either test. ITIN loans are available regardless of resident or non-resident alien status — the key requirement is having a valid ITIN and U.S. tax filing history.
If you obtain an SSN after purchasing your home with an ITIN loan, you should notify the IRS to consolidate your tax records. You can then refinance your ITIN loan into a conventional, FHA, VA (if applicable), or other traditional loan program, potentially at a lower rate. Your payment history on the ITIN loan builds your credit profile for this transition.
Yes. You can have a co-borrower on an ITIN loan. The co-borrower can also have an ITIN, or they can have an SSN. Having a co-borrower with strong credit or additional income can improve your qualifying power and potentially result in a lower interest rate and better loan terms.
ITIN loan amounts typically range from $100,000 to $1,000,000 or more depending on the lender and program. Texana Bank offers ITIN loans for a wide range of property values. Higher loan amounts may require a larger down payment and additional cash reserves.
ITIN loans are non-QM (non-qualified mortgage) products and do not typically carry traditional PMI requirements like conventional loans. However, ITIN loan rates may be slightly higher to account for the additional risk factors. The absence of PMI means your monthly payment is more straightforward to calculate.
While government-sponsored first-time homebuyer programs (like FHA or state DPA programs) generally require an SSN, some local housing authorities and nonprofit organizations offer down payment assistance or homebuyer education programs that accept ITIN holders. Texana Bank can help identify available programs in your area.
Closing costs on an ITIN loan typically range from 2–5% of the loan amount. These include origination fees, appraisal, title insurance, recording fees, escrow deposits for taxes and insurance, and third-party fees. Some costs may be negotiated with the seller or structured into the loan depending on the program.
Yes. Rental payment history is one of the most commonly accepted forms of alternative credit for ITIN loans. You will typically need to provide 12 months of cancelled checks or bank statements showing on-time rent payments, or a letter from your landlord confirming your payment history. This demonstrates your ability and willingness to make regular housing payments.
An escrow account is a special account managed by your mortgage servicer that holds funds for property taxes and homeowner’s insurance. A portion of each monthly mortgage payment goes into the escrow account, and the servicer pays your taxes and insurance when they come due. Most ITIN loans require an escrow account to ensure these obligations are met on time.
ITIN loans typically take 30–45 days to close from application to funding. The timeline depends on how quickly you provide documentation, the appraisal scheduling, and underwriting review. Having your ITIN, tax returns, income documentation, and alternative credit references ready before applying can help expedite the process.
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If you’re looking for a mortgage broker who is trustworthy, dependable, and willing to go the extra mile for their clients, I highly recommend them. I truly appreciate all of their hard work and would definitely work with them again!
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★★★★★
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★★★★★
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Andrea
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Clay Ragsdale
★★★★★
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Respectfully,
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★★★★★
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★★★★★
Adam McCormick is an absolute professional in every sense of the word. I will NEVER use any other loan officer for my financials other than Adam as long as he is in the business. His work as my loan officer was exceptional. Throughout the process, he always responded to an e-mail, responded to a text, called right back if not answering immediately. He always made you feel as though you were his only client. There was never the impression he had more important things to do other than speak with you. He worked with us through a death in the family, personal issues, and numerous other challenges. It's possible other loan officers would have given up on us during this process, but Adam stuck with us through it all. His work ethic is amazing. He is an expert in his craft. I could not possibly give a higher recommendation, he has redefined what right looks like in this business.
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Marsha Kessler-Bradshaw
★★★★★
I was about to go with another company for this refinance no cash out until I received a call from this Adam McCormick. He was so knowledgeable and made me feel very comfortable with this process. Adam is knowledgeable ,courteous, understanding and has a real passion and patience for people. 👍We are at the closing. Thank you Adam McCormick!!
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Peter Jenkins
★★★★★
My situation had its difficulties. Justin was confident and persistent through the process and we the got the result
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★★★★★
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★★★★★
Outstanding Service and support from a truly Customer Oriented Agent! My pleasure to have worked with Mr. MCcormick.! Would follow him to next source if necessary. He is concerned in an outstanding balanced way. My pleasure to?know and do Business with him and The Bank!
JFields
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Rose Stone-Stewart
★★★★★
Texana Bank was there for us throughout the entire process. Their personableness, as well, their professionalism. As a financial institution it was nice to know that while obtaining a loan, we had a safe place to relay. They are absolutely “by the book” and at the same time makes the process easier to participate. The hospitality and genuine concern as clients was overwhelming of which we will always consider Texana Bank first, before mostly any other financial institution.
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Mitchell Morris
★★★★★
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★★★★★
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★★★★★
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★★★★★
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★★★★★
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★★★★★
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★★★★★
Working with Greg Darlin has been an awesome experience. An honest and sincere individual. He is to the point and very very knowledgeable. I appreciate the fact that he didn’t try to give me the run around and through the entire process I learned a few things. Thank you.
Ready to Own Your First Home?
Whether you're buying your first home or refinancing an existing mortgage, our ITIN loan specialists are here to guide you every step of the way.
