ITIN Program

ITIN mortgage loans provide an opportunity at home ownership for undocumented immigrants. Neither citizenship or a social security number are required.

Norcom is excited to announce that we have partnered with LendSure to offer a new ITIN Loan Program. With almost 30 million ITIN (Individual Tax Identification Number) holders in the United States, the market opportunity for loans is huge for this under served market. This unique ITIN program offers both Full Doc and Bank Statement options, low reserves, and no credit score required, so you can attract a wider range of borrowers.

• Full Doc or 24-Month Bank Statements
• Up to 75% LTV for Purchases
• 70% for Rate and Term Refinance and 65% for Cash Out Refinance
• Loan Amounts Up to $1,000,000
• Minimum loan amount of $150,000
• Up to $500,000 Cash Out
• Minimum 2 Months Reserve Requirements
• Gift Funds Allowed
• Primary Residences, Investor reduce by 5% and second homes reduce the loan to value by 10%
• Property Types: Single Family, 1-4 Units, condos, townhouses and Planned Unit Developments
• 50% maximum debt to income ratio
• Credit Event Seasoning: Bankruptcy, Foreclosure, Short Sale, Modification (36 months (no multiple events)
• Credit History: Minimum Tradelines: 3 Tradelines, 2 active. Tradeline History – 2 years.
• If NO FICO, maximum loan to value 70%. For Purchase money only, no investment and no second home.

Contact me today to talk through any questions you have about this program!