ITIN BORROWER ELIGIBILITY
ITIN Mortgage Loans
Borrower with years of filed returns, real reserves, and no Social Security number. As one of the few wholesale ITIN lenders serving brokers, Castor's Expanded program qualifies an ITIN to 80% LTV at 680 FICO, on primary and second homes, standard eligibility only.
What Is an ITIN Mortgage?
Castor Financial's ITIN mortgage program qualifies borrowers who hold an Individual Taxpayer Identification Number and no Social Security number. Minimum FICO is 680, maximum LTV is 80%, and loan amounts reach $2 million on primary and second homes. Full doc, bank statement, 1099 and P&L documentation are all accepted.
Why Brokers
Choose Castor
For ITIN Loans
No SSN Required
EXPANDED
An ITIN is sufficient. This opens a borrower pool most wholesale lenders decline outright, and it is often the only obstacle in an otherwise strong file.
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Up to 80% LTV
EXPANDED
A real down payment requirement rather than the 60 to 70% that ITIN programs elsewhere often demand.
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Any Expanded Doc-type
EXPANDED
Full doc, 12 month bank statement, 12 month 1099 or 12 month P&L all pair with ITIN. The borrower is not forced into one narrow income path.
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Cash-out and Interest-only Options
EXPANDED
ITIN borrowers can pull cash-out up to $500,000, and the 30 or 40 year fixed products both offer a 10 year interest-only option, up to 80% LTV.
Program Name | Max Loan Amount | Min FICO | Max LTV | Occupancy |
|---|---|---|---|---|
Expanded | $2,000,000 | 680 | 80% | Primary and second homes only |