ITIN Loans or W 7 Loans

By
Real Estate Agent with Every Home Realty, Inc.

Basic Guidelines for ITIN Loans 

I - Identification Documents

Individual Tax Identification Number (ITIN)

II - Government Issued Photo ID required for ITIN Loan


Passport from country of origin; or
Matricula Consular de Identidad; or
Cedula de Identidad.

III - Income Requirements for ITIN Loan - No Exceptions

Last Two Years - 1040 Tax Return Form with W2;
Last Two Years of IRS issued Tax Transcripts;
Last Three Months Bank Statement; and
Last 30 Days Pay Stubs with YTD earnings.

IV - Non Traditional Trade line Requirements for ITIN Loan

Housing Payment is a Trade Line Requirement; and
Three or more of the following alternative credits
in the name of the borrower and/or spouse:

  • Utility Bill - Electric, Gas and/or Water
  • Auto Loan and/or Insurance
  • Telecommunications - Cable, Satellite, House adn/or Cell Phone
  • Personal Loan Contracts - Rent-A-Center

    V - ITIN Loan

  • 1% below Prime Rate
  • No Down Payment
  • 30 Year Fix
  • NO PMI

    VI - Required Funds for the ITIN Loan

  • Cost of Annual/Quaterly Taxes
  • Cost of Home and Termite Inspections
  • Reserves - 2 months of future mortgage payment
  • Cost of 15 months Homeowner Insurance
  • Escrow, which counts as reserves at closing
  •  

    En Espanol

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    Groups:
    Hispanic Real Estate Professionals
    Hispanos
    Real Estate en Español - La Lluvia
    NACA Insight Group
    Prestamo ITIN
    Tags:
    itin
    immigrant loan
    w7 loan
    itin loan

    Comments 123 New Comment

    Anonymous
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    Anonymous
    dave smith

    Soy Pastor Dave Smith un prestamista de dinero privado, con más de (9) nueve
    años de experiencia en el negocio .. Ofrecemos los siguientes tipos de
    préstamos. Préstamos Personales (Secure y ordinarios). Préstamos Comerciales (Secure
    y no garantizados). Préstamo de Consolidación. Me ofrecen préstamos con base de capital
    entre un mínimo. cantidad de $ 5,000.00 en adelante. cantidad de $
    10.000.000,00 dólares de los EE.UU., abierto a particulares, empresas y
    agencias cooperen con independencia de su estado civil, sexo, religión,
    y la ubicación, pero debe haber una forma legal de pagar el préstamo en
    el tiempo estipulado, y tener miedo de Dios.y la tasa de transferencia bancaria es
    importante que un cliente que solicitan préstamo debe pagar.

    Datos del solicitante: *
    Nombre del solicitante: ............................................. . *
    Dirección: De: ..........................................
    Solicitante * Ciudad: .............................................. .
    Cantidad necesaria: ..........................................
    Duración: .........................................
    * Estado: ............................................... ................. *
    País: ............................................... ..............
    email: davemorloaninvestment@gmail.com

    May 23, 2013 05:17 AM
    Anonymous
    Wealth Finance

    Subject: LOAN OFFER

    This is WEALTH FINANCIAL SERVICES. We are currently offering Long terms and short terms loan to business men and women, organization, company, individual and students @ 3% interest rate, for more information regarding our loan terms and conditions/duration period, And the amount needed. contact us directly through our company e-mail:
    wealthloanfinance1@gmail.com
    NOTE That loans are offered from the Minimum of $1,000 USD to the maximum of $10,000,000 USD

    Best Regards
    Wealth Finance

    wealthloanfinance1@gmail.com

    June 01, 2013 01:33 AM
    Anonymous
    Wealth Finance

    Subject: LOAN OFFER

    This is WEALTH FINANCIAL SERVICES. We are currently offering Long terms and short terms loan to business men and women, organization, company, individual and students @ 3% interest rate, for more information regarding our loan terms and conditions/duration period, And the amount needed. contact us directly through our company e-mail:
    wealthloanfinance1@gmail.com
    NOTE That loans are offered from the Minimum of $1,000 USD to the maximum of $10,000,000 USD

    Best Regards
    Wealth Finance

    wealthloanfinance1@gmail.com

    June 01, 2013 01:33 AM
    Anonymous
    jackie

    hola kiero saver si la ciudad de rockford illinois tiene prestamistas con el itin?  y programas de first time buyers...muchas gracias

    July 06, 2013 12:18 PM
    Anonymous
    jackie

    hola kiero saver si la ciudad de rockford illinois tiene prestamistas con el itin?  y programas de first time buyers...muchas gracias

    July 06, 2013 12:18 PM
    Anonymous
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    Rainer
    27,619

    Eliud Gautier

    Eliud Gautier
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    Additional Information

    Esperanza

    National Association of Hispanic Real Estate Professionals