Borrowers in New York who have an ITIN instead of a Social Security number often find that banks and agency programs are not set up for them, even with steady income and a solid record of paying bills. ITIN mortgage programs fill that gap by using IRS-issued identification, tax returns filed with an ITIN and, in some cases, alternative credit. Programs vary by borrower, property and investor, so it helps to talk with someone who handles ITIN files in New York regularly.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
Mortgage lenders, brokers and loan originators serving New York are licensed by the New York State Department of Financial Services. Non-QM loans are made by the same licensed lenders and brokers, so you can confirm any company's or loan officer's license on NMLS Consumer Access before you apply.
Where the numbers point in New York
Counties with the most residents born outside the U.S.:
| County | Residents born outside the U.S. |
|---|---|
| Queens County | 47.6% |
| Kings County | 35.3% |
| Bronx County | 34.6% |
| New York County | 28.2% |
| Westchester County | 26.1% |
| Richmond County | 25.8% |
| Nassau County | 23.3% |
| Rockland County | 22.1% |
| Suffolk County | 16.8% |
| Putnam County | 13.9% |
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
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Prefer to talk first? Call (888) 508-8976. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Local pages in New York
- Non-QM lenders in New York
- Non-QM lenders in Brooklyn
- Non-QM lenders in Queens
- Non-QM lenders in Manhattan
- Non-QM lenders in Bronx
- Non-QM lenders in Buffalo
- Non-QM lenders in Rochester
- Non-QM lenders in Albany
- Non-QM lenders in Staten Island
- Non-QM lenders in Syracuse
- Non-QM lenders in Poughkeepsie
- Non-QM lenders in Yonkers
- Non-QM lenders in Binghamton
- Non-QM lenders in Utica
- Non-QM lenders in New Rochelle
- Non-QM lenders in Saratoga Springs
- Non-QM lenders in Mount Vernon
- Non-QM lenders in Schenectady
- Non-QM lenders in Glens Falls
- Non-QM lenders in Brentwood
- Non-QM lenders in Elmira
- Non-QM lenders in Middletown
- Non-QM lenders in White Plains
- Non-QM lenders in Ithaca
- Non-QM lenders in Kingston
- Non-QM lenders in Watertown
- Non-QM lenders in Levittown
- Non-QM lenders in Troy
- Non-QM lenders in Niagara Falls
- Non-QM lenders in Freeport
Common questions
Can self-employed ITIN borrowers qualify?
Many programs accept self-employed borrowers with an ITIN. Income may be documented with tax returns filed under your ITIN, or with personal or business bank statements reviewed over 12 or 24 months. When bank statements are used, the lender applies an expense factor to business deposits or relies on an expense letter from a CPA or tax preparer. Keeping business and personal money in separate accounts makes the review smoother.
Does applying for an ITIN loan involve my immigration status?
A mortgage application is a credit decision, and a loan officer cannot advise you on immigration questions. Lenders ask for documents such as your ITIN letter, passport and a visa if applicable to verify your identity. If you have questions about how buying property or applying for credit relates to your personal situation, consult an immigration attorney before you apply.
Why do ITIN mortgages cost more?
ITIN loans are non-QM loans, which means Fannie Mae and Freddie Mac do not buy them. The investors who do take on more risk, and that usually shows up as higher pricing than an agency loan and an expectation of a larger down payment. Pricing still varies from lender to lender, so comparing Loan Estimates from more than one source is worth the effort.
Other non-QM options in New York
Bank statement loansNon-QM lendersSelf-employed1099 loansP&L loansAsset depletionNo-doc / stated incomeNew self-employedForeign nationalNon-warrantable condoBank statement HELOCInterest-only
Related guides
- ITIN Mortgages: How Home Loans Work for Borrowers With an ITIN
- What Is a Non-QM Loan?
- How to Compare Non-QM Loan Offers: Loan Estimates, Features and Fit
ITIN Mortgage Loans overview · New York non-QM overview
- Census ACS 2020-2024, table B05002