Foreign National & ITIN Loans
What is a foreign national or ITIN mortgage loan?
Foreign nationals, ITIN (individual tax identification number) holders and people covered by the DACA Act are not United States citizens, but they can obtain mortgage loans in this country.
This group of people will not qualify for Fannie, Freddie and FHA mortgages, so lenders that offer them mortgages typically either keep them in portfolio or sell them into the secondary market.
Therefore, a foreign national, ITIN holder or Dreamer will have a much better chance of finding a mortgage for a non-citizen if they work with a broker.
What are some types of foreign national and ITIN mortgages?
Source: US Department of Housing and Urban Development