Pamela Madore Mortgage
I Don't Have a Social Security Number and I Want To Buy A House
It's OK. I can help.
If you don't have a SS# then you probably have an ITIN number. In some instances you may have both. You employer uses a social security number to pay you and when you file taxes you use your ITIN number.
Here are some general requirements that many of the lenders I use require:
20% down---10% can be a gift
2 years tax returns
Most lenders require a minimum of 20% for a down payment. Many buyers don't keep all of their money in the bank but we will have to show it is in a bank account. We will need to show that it has been in the bank (or credit union) for at least 30 days.
Many people think you can't have a credit score with an ITIN. That is not true. In order to get the best mortgage you will need a credit score and the higher it is the better your interest rate.
2 Years Tax Returns
If you are a W-2 em…