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ITIN Loans
A specialty loan for those who have an Individual Tax Identification Number and can benefit from a home-buying course.
Buy a home and invest in your future.
This program is built especially for non-U.S. citizens who have legally immigrated to the United States and have an Individual Tax Identification Number (ITIN). Instead of relying solely on credit history, the First Bank ITIN program takes into consideration a buyer’s nontraditional credit history and offers a homebuying course in order to secure the loan.
Perfect for you if:
- You are a non‑U.S. citizen.
- You are a first‑time homebuyer.
- You have a history of consistent payments made for rent and at least 3 other expenses.
Loan Features
- Home must be for buyer’s primary residence.
- Fixed-rate loan.
- Eligibility is subject to specific property location.
Loan Benefits
- Built for non-U.S. citizens who have an ITIN in a current, verified status, which may be documented by a Permanent Resident Card (Green Card), work visa, or other documentation showing immigration status.
- No Social Security Number or FICO credit score required.
- Relies on income, assets, and traditional or nontraditional credit history sources.
- Can be used to purchase a manufactured home (double wide) in some cases.*
Considerations
- Loan amounts up to $766,500.
- Prior to loan closing, the borrowers must complete homeownership counseling with a HUD-approved housing counselor or a Homebuyer Education Certification Program.
- The property being purchased must be located in counties included in First Bank’s Community Reinvestment Act (CRA) Area. Contact us for additional information, or to determine if your property is in an eligible location.
- Be certain to ask your Loan Officer to help you compare the overall costs of all mortgage loan products, including the monthly and long‑term costs of home upkeep.
Terms
- Fixed-rate loan term for 30 years.1
Apply online today
Applying for a First Bank mortgage is fast, easy, and secure. Before you begin, have the following information on hand.
Financial Information
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Income
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Your total assets
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Monthly expenses
Property Information
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Estimated purchase price and down payment amount
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Estimated property value and loan amount
Ready to get started?
Work with a local mortgage specialist
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*If nontraditional credit history is used for ITIN loan qualification, manufactured homes are not an allowable property type.
1For a $250,000 mortgage loan for a term of:
- 30 years interest rate of 7.5%, with an APR of 7.61%, the monthly payment would be $1,748.04.
Calculation is based on 80% loan-to-value. Payment does not include taxes and insurance premiums. The actual payment amount will be higher. These payments are based on recent interest rates and can vary based on individual credit.