Which lender requires the lowest down payment for ITIN mortgages?

Quontic Bank and New American Funding both accept down payments as low as 15% for primary residences. Citadel Servicing requires 20% to 25% minimum. For investment properties, all three lenders typically require 25% or more. Down payment funds must be seasoned in your US bank account for at least 60 days.

Can I get an ITIN mortgage with no credit score?

Yes. Citadel Servicing Corporation has no minimum credit score requirement and accepts alternative credit history including 12 months of rent payments, utility bills, and insurance premiums. Quontic and New American Funding require a minimum 620 credit score. If you have no credit, build a score first with a secured credit card for 6-12 months, or apply with Citadel.

Which ITIN mortgage lender offers bilingual service?

New American Funding offers the best bilingual (English/Spanish) service among ITIN mortgage lenders. They are headquartered in Tustin, California, and employ bilingual loan officers specifically for ITIN borrowers. Quontic offers some bilingual support. Citadel primarily operates in English.

What is the maximum loan amount for ITIN mortgages?

Citadel Servicing offers the highest maximum loan amounts at $3 million+. New American Funding goes up to $2 million. Quontic Bank caps at $1.5 million. For properties above $1.5 million, Citadel or New American are your options. Larger loan amounts typically require larger down payments (25%+) and stronger credit profiles.

Do ITIN mortgage lenders require tax returns?

Most ITIN mortgage lenders require 2 years of US tax returns (Form 1040-NR or 1040). Citadel Servicing also offers bank statement programs where 12-24 months of bank statements substitute for tax returns. Bank statement programs are ideal for self-employed ITIN holders whose tax returns may not fully reflect their income.

Can I refinance an ITIN mortgage?

Yes. All three lenders offer refinancing options for ITIN borrowers. You can refinance to a lower rate as your credit improves, change your loan term, or do a cash-out refinance. If you later obtain an SSN, you can refinance into a conventional mortgage with potentially lower rates. Refinancing typically requires 6-12 months of on-time payments.

Are ITIN mortgages available in all states?

Quontic Bank, New American Funding, and Citadel Servicing all operate nationwide. However, some state-specific regulations may affect availability or terms. California, Texas, New York, Florida, and Illinois have the most active ITIN mortgage markets. Contact lenders directly to confirm availability in your state.

What closing costs should I expect on an ITIN mortgage?

ITIN mortgage closing costs typically range from 2% to 5% of the loan amount. This includes origination fees ($1,000-$3,000), appraisal ($400-$700), title insurance ($500-$2,000), escrow fees, and prepaid items (insurance, taxes). On a $300,000 loan, expect $6,000 to $15,000 in closing costs in addition to your down payment.

How long does the ITIN mortgage application process take?

The full process takes 30 to 60 days from application to closing. Pre-approval: 1-3 days. Document gathering: 1-2 weeks. Underwriting: 2-4 weeks. Appraisal: 1-2 weeks. Final approval and closing: 1-2 weeks. Having all documents ready upfront (2 years tax returns, 12 months bank statements, ITIN letter) can shorten the timeline.

Updated April 2026

ITIN Mortgage Lenders Compared 2026: Quontic vs New American Funding vs Citadel

Three lenders dominate the ITIN mortgage market in 2026. Quontic Bank offers the best rates (7.5%-8.5% APR) for borrowers with strong credit. New American Funding provides bilingual service with flexible terms. Citadel Servicing Corporation serves borrowers with no credit score through its bank statement program. This side-by-side comparison covers rates, down payments, credit requirements, loan amounts, and which lender is best for your specific situation.

How Do the Top 3 ITIN Mortgage Lenders Compare?

Feature	Quontic Bank	New American Funding	Citadel Servicing
Interest rate (APR)	7.5% - 8.5%	7.75% - 9.0%	8.0% - 9.5%
Min down payment	15%	15%	20%
Min credit score	620	620	No minimum
Max loan amount	$1.5M	$2M	$3M+
Loan types	Purchase, refinance	Purchase, refinance, HELOC	Purchase, refinance, bank statement
Income documentation	2 years tax returns	2 years tax returns	Tax returns OR bank statements
Bilingual service	Limited	Full English/Spanish	English primarily
States available	Nationwide	Nationwide	Nationwide
Closing time	30-45 days	30-45 days	30-60 days
Best for	Best rates, traditional income	Bilingual, flexible terms	Self-employed, no credit

Why Should ITIN Holders Consider Quontic Bank?

Quontic Bank is an FDIC-insured community bank headquartered in New York City that has made ITIN mortgage lending a core part of its business. Quontic originated over $500 million in ITIN mortgages in the past 3 years.

Lowest rates: 7.5%-8.5% APR for qualified borrowers
15% minimum down payment for primary residences
Loan amounts up to $1.5 million
30-year fixed and adjustable rate options
Online application with human underwriters
FDIC-insured institution

Best for: ITIN holders with 620+ credit scores, 2 years of tax returns, and traditional W-2 or 1099 income documentation. Quontic rewards strong credit profiles with the most competitive rates in the ITIN mortgage market.

Why Should ITIN Holders Consider New American Funding?

New American Funding (NAF) is headquartered in Tustin, California, and is one of the largest independent mortgage lenders in the US. NAF employs dedicated bilingual loan officers for ITIN borrowers and has deep expertise in California ITIN mortgages.

Full bilingual (English/Spanish) loan officers
15%-20% down payment for primary residences
Loan amounts up to $2 million
HELOC (Home Equity Line of Credit) available
Strong California market presence
Flexible underwriting for unique situations

Best for: Spanish-speaking ITIN holders, California borrowers, and those who need flexible underwriting or HELOC products. NAF's bilingual service makes the mortgage process more accessible. See also ITIN mortgages in California.

Why Should ITIN Holders Consider Citadel Servicing Corporation?

Citadel Servicing Corporation (CSC) specializes in non-QM lending and is the most flexible ITIN mortgage lender. CSC accepts borrowers with no credit score, offers bank statement programs, and provides the highest loan amounts in the market.

No minimum credit score (alternative credit accepted)
Bank statement programs (12-24 months statements instead of tax returns)
Loan amounts up to $3 million+
20%-25% minimum down payment
Interest-only payment options available
Investment property loans available

Best for: Self-employed ITIN holders, borrowers with no US credit score, high-value property purchases, and investment properties. The higher rates (8.0%-9.5%) reflect the flexibility in underwriting. CSC is your best option if Quontic or NAF cannot approve your application.

Which ITIN Mortgage Lender Should You Choose?

Choose Quontic if: You have a 620+ credit score, 2 years of tax returns, and want the lowest rate (7.5%-8.5%).
Choose New American Funding if: You prefer bilingual service, are in California, or need flexible underwriting or HELOC.
Choose Citadel if: You have no credit score, are self-employed, need a bank statement program, or want a loan above $1.5M.

Apply to 2-3 lenders for pre-approval to compare actual rates for your situation. See our ITIN mortgage hub for preparation tips and current ITIN mortgage rates.

ITIN Mortgage Lenders: Frequently Asked Questions

Quontic Bank generally offers the lowest ITIN mortgage rates at 7.5% to 8.5% APR for qualified borrowers with 620+ credit scores and 20%+ down payment. New American Funding ranges from 7.75% to 9.0%. Citadel Servicing ranges from 8.0% to 9.5%. Actual rates depend on credit score, down payment, loan amount, and property type.

Need an ITIN for your mortgage application? Apply through itin.so starting at $297.

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