Tax ID Loans – New
Your Trusted ITIN (Tax ID) Mortgage Lender
We are your trusted lender for Individual Tax Identification Number (ITIN) Loans. Prysma has helped Non-US citizen families in CT, NY, MY & FL realize their dream of home ownership.
We specialize in ITIN (Tax ID) loans for homeowners with products and lending solutions designed for First Time Home Buyers, Refinances and more. No Social Security or Green Card required.
Our experienced loan professionals sit down with you to find the best rates and loan options for you and your family. We are your dedicated partners in home ownership.
Fill out the form or call today to learn how Tax ID loans may be the right solution for you. (888) 743-9985
The 4 SIMPLE STEPS TO HOMEOWNERSHIP
Prysma is here to help you through the home buying process whether this is your first house or you are relocating to a new area. Here is the simple 4-Step process to owning your own home.
You speak with one of Prysma’s licensed Mortgage Loan Originators to get pre-qualified for a loan up to a certain amount. This amount helps you determine the price range for the home that is right for you. Our loan specialists will take the time to answer all of the questions you have to help ensure you choose the best loan option for your needs.
Find Your Home & Make an Offer
After pre-qualification you can begin shopping for your home. When looking at different home options, make sure to consider all the different factors including price, location and safety of the neighborhood. After you choose the property you make an offer and negotiate with the seller on the final sales price.
You have your home chosen and a sales price is determined you revisit with Prysma’s licensed Mortgage Loan Originators to apply and secure the perfect loan for your new home. Your dedicated Mortgage Loan Originator will personally guide you through each step of the loan process.
closing & Moving in
Once your offer has been accepted and you have been approved for your mortgage you prepare for closing and move into your new home!
Why Borrowers Choose PRYSMA for ITIN Mortgage Loans
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
What is a ITIN (Tax-ID) Loan?
Tax ID loans are mortgage loans that do not require applicants to have a Social Security or Green Card.
What Do I Need to Qualify?
- ITIN program only requires valid copy of passport and copy of ITIN card
Minimum of 15% down payment
- 15% down qualified borrowers based on scores and income ratios. Down payment varies from 20% to 30%
- No scores required
- Borrowers needs 3 alternative tradelines to be considered and need at least 25% down payment
- This is a full doc loan but 24 months Bank Statements may be used for self-employed borrower to qualify (PERSONAL BANK STATEMENTS ONLY OR DBA)
- For W2 borrower we only use W2 and pay stubs to qualify
- Max Debt To Income ratio is 43% but can go up to 50% with compensating factors
- No seasoning assets required
What are the benefits of a ITIN (Tax ID) Mortgage?
Homeownership can be difficult to accomplish for Non-US citizens who live and work in the United States. Many within the immigrant population do not have a social security number and have a limited credit history. This often disqualifies them for obtaining a conventional mortgage loan.
At Prysma, we work with these individuals, offering an affordable ITIN mortgage lending program that allows potential homeowners with a ITIN (Individual Tax Identification number) instead of a Social Security number to purchase their dream home.