The Dream of Homeownership: Mortgages for ITIN Holders and DACA Recipients

Family moving into new home purchased with an ITIN

OptionWide aims to remove the barriers to homeownership for anyone with the means and desire to own a piece of the American dream. For many, having an ITIN (individual taxpayer Identification number) is nothing more than a way to pay taxes and until recently there was no way to use the ITIN number for anything else. Not having a social security number shouldn’t stop you from buying a home if you can afford it and that is why OptionWide Financial has developed a home loan program for individuals with ITIN or DACA (Deferred Action for Childhood Arrivals) recipients.

Who is OptionWide Financial?

OptionWide Financial specializes in mortgage lending for borrowers with unique financial circumstances who often have a difficult time obtaining home loans through traditional means. For ITIN and DACA (Deferred Action for Childhood Arrivals) borrowers, OptionWide understands the sensitive nature of your situation and wants to make the dream of owning a home a reality regardless of status.

What Is an ITIN?

An Individual Taxpayer Identification Number (ITIN) is a unique identifier issued by the United States Internal Revenue Service (IRS) to individuals who don’t qualify for a Social Security Number (SSN). ITIN holders include immigrants, foreign nationals, and those without permanent residency status. If you have an ITIN, you might wonder if homeownership is within your reach.

How Does it Work?

To qualify for the OptionWide ITIN/DACA Mortgage Program, borrowers must have an unexpired individual taxpayer identification number (ITIN), currently reside in the United States, and possess a valid government issued identification card like a driver’s license. No green card or Social Security Number (SSN) is required. Additionally, like any other loan, there are qualification requirements related to income, personal finance, credit, and property.

OptionWide takes a common-sense approach to underwriting. Creditworthiness isn’t solely determined by traditional paperwork (tax returns and W2s). Borrowers can qualify using alternative documentation, such as business or personal bank statements or third-party-prepared profit and loss statements. There is no need for a hard money loan — OptionWide simplifies the process and offers lending options just like conventional lenders so there will be no surprises down the road.

Whether you’re considering a single-family home, a townhouse, or a condominium, OptionWide has you covered. Eligible properties include primary residences, second homes, and even investment properties.

With OptionWide, you can expect fair and competitive interest rates, with loan amounts up to $1.5 million and fixed loan term options of 15 years and 30 years. Whether you’re a first-time homebuyer or upgrading, they’ve got you covered. Remember, homeownership isn’t out of reach for anyone. OptionWide Financial is here to simplify the mortgage process and turn your dream home into a reality.

Call (866) 761-1598 now or Apply today and take that first step toward a place to call your own!