Loan options

ITIN Loans in Michigan

¿Prefieres leer en español? Visita nuestra página de préstamos ITIN.

An ITIN loan lets you buy a home using your Individual Taxpayer Identification Number: ITIN accepted, Social Security Number not required. If you file taxes with an ITIN, earn steady income, and can put roughly 15% to 25% down, homeownership is realistic right now, not someday. Your loan advisor, Israel Munoz, serves clients fully in Spanish or English, from first call to closing table.

Why we can do what most lenders can’t

Most banks simply decline a file without an SSN, whatever the income or savings behind it. We work through lending partners who treat ITIN lending as a specialty rather than an exception, including a Michigan bank that has specialized in ITIN mortgages for decades. On our primary program, ITIN and SSN borrowers qualify on the same grid: the same down payment tiers, the same loan sizes, no penalty for the ITIN itself. That single fact separates a real ITIN program from a reluctant one.

What you can qualify for

Starting points, not promises; every file is reviewed individually, and guidelines (current as of August 2026) change:

• Down payment: from 15% with strong credit; 20% to 25% is the common range
• Credit: flexible. Scores near 700 unlock the best terms; thinner credit means a somewhat larger down payment; and no score at all is workable with about 12 months of clean rent history
• Income: W-2 wages, 1099 work, or self-employment documented with bank statements or a preparer-signed profit-and-loss
• Loan amounts: roughly $50,000 to $3 million
• Gift funds: up to 100% of the down payment and closing costs on select programs
• Debt-to-income: flexible with compensating factors such as reserves or a long history at the same job
• Property types: single-family homes, condos, 2-4 unit homes you live in, and manufactured homes on select programs
• Prepayment: no prepayment penalties, so refinancing later is always open

What you’ll need

The typical checklist, in plain terms (we provide it in Spanish too):

1. Your ITIN letter or card, plus a current photo ID such as a passport
2. Two years of history: where you’ve lived and where you’ve worked
3. Income documents: recent pay stubs and W-2s, or 1099s, or bank statements if you’re paid into your own account
4. Tax returns: roughly two years, filed with your ITIN. Filing taxes is the backbone of an ITIN file, and if you’ve been filing, you’re most of the way there
5. Housing history: 12 months of rent receipts, canceled checks, or a landlord’s letter, especially valuable if you have little or no credit score

Missing a piece? Ask anyway. Letters of explanation and compensating factors cover more gaps than most people expect.

From first home to first rental

ITIN borrowers aren’t limited to a primary residence. Through DSCR programs, an ITIN investor can finance a rental property qualified on the property’s own rental income, with no personal income documentation, typically at larger down payments than a primary home. Plenty of families buy the duplex, live in one unit, and let the other half pay the mortgage; the 2-4 unit path works with an ITIN too.

What it costs

Straight answer: somewhat more than a conventional loan, as with any specialty program, with pricing that improves as the down payment and credit strength rise. There are no prepayment penalties, so if your situation changes (an SSN arrives, credit deepens, rates move), refinancing into a cheaper loan later is always open. Model payments in our mortgage calculator suite.

How to get started

Talk to Israel. He’s a mortgage loan advisor who specializes in ITIN lending, a real estate investor himself, and fully bilingual (yo hablo español). Bring the plain version of your situation: what you earn, what you’ve saved, how long you’ve been filing taxes. You’ll get a straight answer about what’s possible and a checklist to close the gap if something’s missing. Send the form on this page or call him directly; either way you reach Israel, not a call center, in the language you’re most comfortable in.

ITIN Loans in Michigan: your questions, answered

What is an ITIN loan?

A mortgage for borrowers who file taxes with an Individual Taxpayer Identification Number instead of a Social Security Number. You qualify with your ITIN, a passport or other photo ID, your income documentation, and your payment history. The loan itself works like any other mortgage: fixed payments, real ownership, equity that builds every month. ITIN accepted; SSN not required.

Do ITIN borrowers get worse terms than everyone else?

Not on our primary program, where ITIN and SSN borrowers qualify on the same grid: the same down payment tiers and the same loan sizes, with no penalty for the ITIN itself. That is genuinely uncommon; many lenders price ITIN files as a separate, harsher category. Expect a modest premium versus a conventional loan overall, as with any specialty program, but not a second-class version of the loan.

Do I need a credit score?

No. Files with no credit score at all are workable on select programs: roughly 12 months of clean housing-payment history (rent receipts, canceled checks, or a landlord's verification) stands in for the score, typically with around 20% down. If you do have a score under your ITIN, it's used normally, and scores near 700 unlock the smallest down payments. Regular utility and remittance habits help tell the story.

What documents will I need?

Typically: your ITIN letter or card, a current photo ID such as a passport, about two years of residence history and two years of work history, your income documents (pay stubs and W-2s, 1099s, or bank statements if self-employed), and roughly two years of tax returns filed with your ITIN. Letters of explanation cover gaps or unusual deposits. We give you the exact list up front, in English or Spanish, so there are no surprises.

I get paid in cash or through my own business. Can I still qualify?

Very often, yes. Self-employed ITIN borrowers can qualify with bank statements, a preparer-signed profit-and-loss, or 1099s instead of W-2s, provided the income is deposited and documented. The pattern matters more than the paperwork type: consistent deposits, taxes filed with your ITIN, and a business you can describe plainly. Bring what you have and we'll map the cleanest path.

Can family help with my down payment?

Yes. On select programs, gift funds can cover up to 100% of the down payment and closing costs, with a simple gift letter documenting that the money is a gift, not a loan. Family stepping in for a first home is one of the most common shapes of an ITIN file, and the programs are built to accept it.

Can I buy a rental or investment property with an ITIN?

Yes. ITIN borrowers can finance investment properties through DSCR programs, which qualify the purchase on the property's rental income rather than your personal income, typically with larger down payments than a primary home. It's a real path from first home to first rental. See our DSCR loan page for how rent-based qualifying works.