What is the minimum down payment for an ITIN mortgage?

The minimum down payment for ITIN mortgages ranges from 15% to 25% depending on the lender. Quontic Bank requires 20% down. New American Funding requires 15% to 20%. Citadel Servicing requires 20% to 25%. For a $350,000 home, this means $52,500 to $87,500 down. Some credit unions offer ITIN mortgages with as low as 10% down in certain markets.

What credit score do I need for an ITIN mortgage?

Most ITIN mortgage lenders require a minimum credit score of 620. Some lenders like Citadel Servicing work with scores as low as 580 with a higher down payment (25%). For the best rates, aim for a 680+ score. Build your credit with a secured credit card for 12 to 18 months before applying. Your ITIN credit score uses the same FICO model as SSN scores.

What interest rates do ITIN mortgage lenders charge in 2026?

ITIN mortgage rates are typically 1% to 3% above conventional rates in 2026. If conventional 30-year rates are 6.5%, ITIN mortgage rates range from 7.5% to 9.5%. The exact rate depends on your down payment, credit score, loan amount, and the lender. Larger down payments and higher credit scores get rates closer to the 1% premium range.

Which bank offers the best ITIN mortgage rates?

Quontic Bank consistently offers the most competitive ITIN mortgage rates, typically 1% to 1.5% above conventional rates with 20% down and a 680+ credit score. New American Funding offers competitive rates with more flexible down payment options (15% minimum). Credit unions often offer the lowest rates but are limited to specific geographic areas.

What documents do I need for an ITIN mortgage?

ITIN mortgage applications require your ITIN, 2 years of US tax returns filed with ITIN, proof of income (pay stubs, bank statements, or tax transcripts), bank statements showing down payment funds, government-issued ID (passport or consular ID), and proof of US address. Some lenders also require a letter of explanation for gaps in employment or residency.

Can I get an ITIN mortgage with no credit history?

Not typically. Most ITIN mortgage lenders require 12 to 24 months of credit history and a minimum score of 620. Some lenders accept alternative credit like 12 months of on-time rent payments, utility bills, and phone payments. Start building credit 12 to 18 months before applying for a mortgage using a secured credit card and credit builder loan.

Do ITIN mortgages require PMI?

Most ITIN mortgages do not require private mortgage insurance (PMI) because down payments of 20% or more eliminate the PMI requirement. If you put down less than 20%, some lenders add PMI at 0.5% to 1.5% of the loan amount annually. New American Funding ITIN loans with 15% down include PMI at approximately 0.8% per year.

Can I refinance an ITIN mortgage later?

Yes. ITIN holders can refinance their mortgage to get lower rates as their credit improves or market rates decrease. After 2 to 3 years of on-time mortgage payments, your credit score improves significantly, qualifying you for better rates. Some ITIN holders refinance from an ITIN-specific program to a conventional loan after obtaining an SSN through a status change.

Are ITIN mortgages available for investment properties?

Yes. Several ITIN lenders offer mortgages for investment properties, though requirements are stricter. Expect 25% to 30% down payment, 660+ credit score, and rates 0.5% to 1% higher than primary residence ITIN loans. Citadel Servicing and some credit unions offer ITIN investment property loans. Rental income can be used to qualify for the loan.

Updated April 2026

Best ITIN Mortgage Lenders 2026: Buy a Home Without SSN

ITIN holders can buy homes in the United States through specialized mortgage lenders that accept ITINs instead of SSNs. Quontic Bank, New American Funding, Citadel Servicing, and multiple credit unions offer ITIN mortgage programs with 15% to 25% down payments and rates 1% to 3% above conventional loans. Over 880 people search for ITIN mortgage lenders every month. This guide covers every major lender, their requirements, rates, and the step-by-step process to get approved for an ITIN loan in 2026.

Can ITIN Holders Get a Mortgage in the United States?

Yes. No federal law prohibits ITIN holders from obtaining a mortgage. The Fair Housing Act (42 USC 3601-3619) prohibits discrimination in housing based on national origin. Fannie Mae and Freddie Mac conventional loans require SSNs, but many portfolio lenders, community banks, and credit unions offer ITIN-specific mortgage programs.

ITIN mortgages are portfolio loans, meaning the lender keeps the loan on their books rather than selling it to Fannie Mae or Freddie Mac. This gives lenders flexibility to set their own qualification criteria, which is why requirements vary significantly between lenders. Down payments, credit score minimums, and interest rates all differ by lender.

Which Lenders Offer ITIN Mortgages in 2026?

7 major lenders offer ITIN mortgage programs in 2026. Here are the details on each.

Quontic Bank

Quontic Bank is a digital bank based in New York that offers nationwide ITIN mortgage lending. Quontic provides some of the most competitive ITIN mortgage rates in the market, typically 1% to 1.5% above conventional rates. Quontic requires 20% down payment, a 620+ credit score, 2 years of tax returns, and bank statements showing reserves equal to 6 months of mortgage payments.

Down payment: 20%
Minimum credit score: 620
Rate premium: 1% to 1.5% above conventional
Loan amounts: $150,000 to $1,500,000
Available: Nationwide (all 50 states)
Loan terms: 15-year and 30-year fixed

New American Funding

New American Funding is one of the largest independent mortgage lenders in the US with a dedicated ITIN lending program. They offer the lowest down payment requirement at 15% for primary residences. New American Funding has bilingual loan officers and Spanish-language application support. They process ITIN mortgage applications in all 50 states.

Down payment: 15% to 20%
Minimum credit score: 620
Rate premium: 1.5% to 2% above conventional
Loan amounts: $100,000 to $2,000,000
Available: Nationwide
Special feature: Bilingual loan officers, 15% minimum down

Citadel Servicing (ACRA Lending)

Citadel Servicing, now ACRA Lending, specializes in non-QM loans including ITIN mortgages. They work with credit scores as low as 580, making them a good option for ITIN holders with limited credit history. Citadel requires a higher down payment (20% to 25%) to offset the lower credit score requirement.

Down payment: 20% to 25%
Minimum credit score: 580
Rate premium: 2% to 3% above conventional
Loan amounts: $100,000 to $3,000,000
Available: Most states
Special feature: Accepts 580+ credit scores

Community Credit Unions

Several credit unions offer ITIN mortgage programs with competitive rates. Latino Community Credit Union (NC), Self-Help Credit Union (multiple states), and Guadalupe Credit Union (NM) are leading examples. Credit unions typically offer rates 0.5% to 1% lower than banks for ITIN mortgages. Membership requirements apply.

Down payment: 10% to 20% (varies by credit union)
Minimum credit score: 620 (some accept alternative credit)
Rate premium: 0.5% to 1.5% above conventional
Available: Limited to specific regions
Special feature: Lowest rates, community-focused

How Do ITIN Mortgage Lenders Compare Side by Side?

Here is the complete comparison of all major ITIN mortgage lenders.

Lender	Down Payment	Min Score	Rate Premium	Coverage
Quontic Bank	20%	620	1% to 1.5%	Nationwide
New American Funding	15% to 20%	620	1.5% to 2%	Nationwide
Citadel / ACRA	20% to 25%	580	2% to 3%	Most states
Credit Unions	10% to 20%	620	0.5% to 1.5%	Regional

What Do You Need to Qualify for an ITIN Mortgage?

ITIN mortgage applications require 6 key items. Prepare all documents before contacting a lender.

Valid ITIN: Active, non-expired ITIN issued by the IRS through Form W-7.
2 years of US tax returns: Filed using your ITIN. Tax transcripts from the IRS strengthen your application.
Credit score of 620+: Built through secured credit cards and credit builder programs. See full requirements guide.
Down payment of 15% to 25%: Source of funds must be documented with 2 to 3 months of bank statements.
Proof of income: Pay stubs, W-2s, 1099s, or bank statements showing consistent deposits. Self-employed applicants use bank statements or tax returns.
Government-issued ID: Valid passport from your home country or a consular identification card (matricula consular).

For detailed requirements by lender, see our ITIN mortgage requirements guide. For current rates, see our ITIN mortgage rates guide.

How Much Down Payment Do ITIN Holders Need for Different Home Prices?

Down payment amounts vary by home price and lender requirement. Here are examples at different price points.

Home Price	15% Down	20% Down	25% Down
$250,000	$37,500	$50,000	$62,500
$350,000	$52,500	$70,000	$87,500
$500,000	$75,000	$100,000	$125,000
$750,000	$112,500	$150,000	$187,500

What Is the ITIN Mortgage Application Process?

The ITIN mortgage process takes 30 to 60 days from application to closing. Here are the 7 steps.

Build credit for 12 to 18 months. Start with a secured credit card to reach a 620+ credit score.
Save for down payment. Target 20% of your expected home price. Keep funds in a US bank account for 2 to 3 months (seasoning requirement).
File 2 years of tax returns. Use your ITIN on your tax returns. Request tax transcripts from the IRS.
Get pre-approved. Contact 2 to 3 ITIN lenders for pre-approval. Compare rates and terms. Pre-approval takes 3 to 7 business days.
Find a property and make an offer. Work with a real estate agent experienced with ITIN buyers. Include your pre-approval letter with your offer.
Complete underwriting. Submit all required documents. The lender verifies your income, assets, and credit. Underwriting takes 2 to 4 weeks.
Close on your home. Sign the final documents, pay closing costs (2% to 5% of loan amount), and receive your keys.

Which States Have the Most ITIN Mortgage Options?

ITIN mortgage availability varies by state. States with large immigrant populations have more lender options and more competitive rates.

California: Most ITIN mortgage options. 10+ lenders active. Median home price $750,000.
Texas: Strong ITIN lending market. Multiple credit unions and banks. Median home price $310,000.
Florida: Growing ITIN mortgage market. Quontic and New American Funding active. Median home price $400,000.
New York: Quontic Bank headquartered here. Multiple options. Median home price $430,000.
Illinois: Strong credit union ITIN lending. Median home price $270,000.

Frequently Asked Questions About ITIN Mortgage Lenders

Yes. Multiple lenders offer mortgage programs specifically for ITIN holders. Quontic Bank, New American Funding, Citadel Servicing, and several credit unions provide ITIN mortgage loans. Down payments range from 15% to 25%, and interest rates are typically 1% to 3% above conventional rates. ITIN holders have the same homeownership rights as SSN holders under federal law.

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