Tax ID Loans – Florida
Your Trusted FL ITIN (Tax ID) Mortgage Lender
Do you need a trustworthy lender or broker for Individual Tax Identification Number (ITIN) Loans? Look no further than Prysma. We provide help for Non-US citizen families in Florida with recognizing their dreams of homeownership.
Our specialty in ITIN (Tax ID) loans for Florida homeowners allows us to offer products and lending solutions designed for First Time Home Buyers. Refinances and more. Social Security or Green Card not required.
Expect the Prysma loan experts to work personally with you to find out the optimal rates and loan options for you and your family. Because we are lenders in Florida, everything can be completed in-house, which results in a faster approval rate and closing times.
Fill out our form or call us today to see how Tax ID loans can be a solution beneficial for you. Give us a call today at (888) 743-9985.
The 4 Steps to Homeownership in Florida
Prysma will assist you in the whole home buying process whether you’re relocating to Florida or buying your first home. This is the uncomplicated 4-Step process in order to own your own home.
In this first step, talk to one of Prysma’s licensed Mortgage Loan Originators to become pre-qualified for a loan up to a specific amount. This will provide assistance to decide what price range is best for you for home ownership. Our loan specialists will be there to answer any and all of your questions to help you make sure your choice of loan option is optimal for you.
Find Your Home & Make an Offer
Once you’ve achieved pre-qualification, begin your search for your Florida home. When seeing the variety of home options, consider the different factors like price, location, and neighborhood safety. Once choosing the property that is best, next make an offer and negotiate with the seller on the final sales price.
When you have chosen your Florida home and determined a sales price, then you should revisit Prysma’s licensed Mortgage Loan Originators in order to apply for and secure the loan that’s perfect for your new home. Your committed Mortgage Loan Originator will personally help you through all the steps in this loan process.
closing & Moving in
Has your offer been accepted and your mortgage approved? Now, it’s time to prepare for closing and move into your new Florida home!
Want to Learn More About ITIN Mortgages?
Why Borrowers Choose PRYSMA for ITIN Mortgage Loans in FL
Prysma Lending went above and beyond to help me with my loan. It’s hard to rely on a good lender now a days, with all the big corporate banks out there. Prysma provided me with Amazing service. I have been using them for over 10 years and couldn’t be happier.
– S. Johnson
Highly recommend Prysma! They were very professional and went above and beyond my expectations! They kept me informed and answered all my questions. A special thanks for Debora and Mark for their effort, even during their vacation they worked and made my closing happened.
– M. Breda
Prysma cares about their clients and works hard to demonstrate that with each closing!
– W. Bernard
Understanding ITIN Mortgage loans in Florida
What is an ITIN (Tax-ID) Loan?
A Tax ID loan is a mortgage loan that doesn’t require Social Security or Green Cards of applicants.
Who is An ITIN (Tax-ID) Loan For?
ITIN Loans were made for those without a Social Security Number (SSN) but have an Individual Taxpayer Identification Number (ITIN). ITIN numbers are unique number identifiers to help you communicate with the Internal Revenue Service (IRS). Often times, the IRS provides ITIN numbers to Florida individuals when they are ineligible to receive a Social Security Number from the Social Security Administration (SSA).
What Do I need to Qualify?
- ITIN program requires a copy of passport and copy of ITIN card that are valid
Minimum of 15% down payment
- 15% down qualified borrowers based on scores and income ratios. Down payment can be from 20% to 30%
- Scores aren’t necessary
- Borrowers will be considered only with 3 alternative tradelines and at least 25% down payment
- This is a full doc loan but self-employed borrowers can be qualified using 24 months Bank Statements (PERSONAL BANK STATEMENTS ONLY OR DBA)
- For W2 borrowers we exclusively use W2 and pay stubs for qualification
- Max Debt To Income ratio is 43% but can rise to 50% with compensating factors
- Seasoning assets aren’t required
What Are the Benefits of An ITIN (Tax-ID) Mortgage?
Non-US citizens living and working in the United States may have a difficult time achieving homeownership. Many immigrants don’t have a social security number and have an inefficient credit history. Most of the time, this prevents them from obtaining a conventional mortgage loan.
Our work at Prysma is dedicated to helping people in Florida obtain an affordable ITIN mortgage lending program so potential homeowners with an ITIN (Individual Tax Identification number), and not a Social Security number, can buy their dream home.
How Do I Apply for a Tax-ID Loan in FL?
In order to apply for a Tax-ID Loan in FL, you need to obtain an ITIN number. Once you have one, contact our Loan Originators here at Prysma Lending Group. In this process, you need to fill out forms including:
- Proof of a sustainable income
- Credit history
- Income verification
Your expert Prysma lender will review your ITIN loan details and credit history with you. After you’ve become approved, you can then start the search for a new Florida home that is in your pre-approved budget.