This loan program offers financing for Undocumented / Non-US Citizens / Foreign National Borrowers living and working in Florida who have a valid passport from their country of origin and current ITIN ID card to purchase a primary home in FLORIDA. Including DACA status At 1st Florida Lending, we offer an affordable ITIN mortgage loans that allows the Non-Us Citizens who live and work in Florida to purchase home. Many of our Undocumented / Non-US Citizens / Foreign National immigrant population do not have a Social Security numbers and have limited credit history or no Credit History which often disqualifies them from obtaining an FHA or Conventional Mortgage. Q. Do I need to have a perfect credit score to receive a mortgage? *A. No, if you not have not established credit and pay your utilities, car payments, etc.. on time with good spending habits. We can establish the required credit score of 640 using your trade-lines. Q. What type of income do I need to provide? •Are you Self-Employed ?Use bank statements (personal/business) to document your income - No Tax returns or W-2 required !Your income must be generated in the USA – no overseas income allowed•Are you a Wage Earner ?Use No Tax returns or W-2 to document your income Your income must be generated in the USA – no overseas income allowedIdentification A Valid Passport from your country of origin (or) State ID is requiredNo Credit Score ? No Problem If you have an ITIN tax number and have not established a credit score with 3 or more trade-lines, you can establish a 620 score by providing us with 12 months of on-time payments for 3 alternative sources (rent, utilities, cell, insurance, etc.).Gift Funds For Down Payment ? Family members can help with your down payment reducing the borrowers down payment to 5%ITIN mortgage loans provide an opportunity at home ownership for undocumented immigrants. Neither citizenship or a social security number are required. To apply for an ITIN loan, you may do so using your ITIN number (individual tax identification number).
1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 48 loans programs including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407) 300-2558 * Fax (877) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of Financial Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.
Program Highlights•Loan Amounts up to $600,000 / Min. Loan is $125,000•Up to 85% LTV •Rates start in the 7’s•640 Credit score (if no credit has been established non-traditional trade-lines acceptable) *•Single Family, Town-house, Multi Family, Mobile Home w/ Land, Condo (No Condo Questionnaire Required!) •New purchases, refinance and cash-out available•No pre-payment penalties•No mortgage insurance•Owner Occupied Only