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We are your trusted lender for Individual Tax Identification Number (ITIN) Loans. Prysma has helped Non-US citizen families in:
● Connecticut● New York● Massachusetts● Florida● Texas● New Jersey● Pennsylvania
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. (855) 906-3416
What is an ITIN (Tax ID) Loan?
Tax ID loans are mortgage loans that only require an individual tax identification number (ITIN), and do not require applicants to have a Social Security Number (SSN) 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%
● Borrowers needs 3 alternative tradelines (credit accounts, car loans, personal loans, etc.) to be considered, and need at least 25% down payment
● 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
What Are The Benefits Of a ITIN (Tax ID) Mortgage?
Homeownership can be difficult to accomplish for non-U.S. 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.
Sources:
NAHREP (pdf): https://nahrep.org/downloads/2022-state-of-hispanic-homeownership-report.pdf
US Department of Housing and Urban Development (pdf): https://www.hud.gov/sites/dfiles/OCHCO/documents/19-02hsgml.pdf
Focused on Hispanic Homeownership
We know that not everyone gets treated equally in the home-buying process. We’re here to correct that for members of our community.
20+ Years of Experience with ITIN Loans
We’re passionate about what we do, so it’s easy for us to keep growing and delivering personalized home loans to Hispanic families.
We’re Honest & Transparent
We want to make your home-buying experience as clear and accessible as possible. We will always be upfront with you about your options.
We Partner with You to Find Solutions
The home-buying process can be challenging. We’ll help you navigate your options and find the home loan that’s perfect for you.