New Jersey ITIN Home Mortgages
Welcome to Capital Home Mortgage, where we strive to provide ITIN homebuyers and homeowners alternative options to purchase, refinance, or cash out home loans. ITIN Home Mortgages are designed for individuals who do not have a Social Security Number (SSN) but have an Individual Taxpayer Identification Number (ITIN). These loans cater to borrowers, including non-residents, undocumented individuals, and foreign nationals, looking to purchase or refinance a home in.
Capital Home Mortgage can guide purchasers through this non-traditional mortgage path, offering individualized solutions. Our extensive experience and dedication to customer service make us a dependable option for Non-QM loans.
Call today (201) 293-0440 to speak to a ITIN Mortgage Specialist.
New Jersey ITIN Mortgage Loans
Individual Tax Identification Number (ITIN) loans are for borrowers who do not have Social Security numbers. Borrowers with ITIN cards can qualify for a mortgage as long as they meet the eligibility requirements. ITIN loans are full doc non-QM mortgages offering flexibility for individuals residing in the United States.
New Jersey ITIN Home Loan Key Points
- Purchase, Rate & Term, Cash-Out
- Primary Only
- Minimum Credit 640
- Maximum LTV 75%
- Up to 50% DTI
- Non Warrantable Condos Allowed
- One Year Seasoning Foreclosures
- Two Year Seasoning Bankruptcy
- Minimum Loan 125K
- Maximum Loan 2.5M
Key Features of ITIN Home Loans
Benefits of ITIN Home Loans
- Accessible Homeownership: Helps ITIN holders achieve homeownership without an SSN.
- Flexible Qualification: Alternative credit and income documentation are accepted.
- High Loan Limits: Suitable for New Jersey’s expensive housing market.
- Path to Building Equity: Offers opportunities for long-term wealth building through real estate.
Eligibility Requirements of ITIN Home Loans
- NO SSN Required: Borrowers qualify using an ITIN instead of an SSN, Proof of steady income and residency is required.
- Credit History: No requirement for traditional credit scores or U.S. residency. Alternative credit (e.g., utility or rent payment records).
- Occupancy: Available for primary residences, with some lenders offering options for second homes or investment properties.
- Down Payment: Range from 10-20%, depending on the borrower’s creditworthiness and financial situation.
- Residency: Borrowers must reside in the U.S. and provide proof of residency, such as utility bills or lease agreements.
Qualifying ITIN Home Mortgages
- Pre-qualification: Borrowers provide ITIN, proof of income, and supporting documentation to estimate eligibility.
- Application: Formal application includes property appraisal, verification of income, and credit checks (if applicable).
- Approval: Approval is based on the borrower’s financial profile, property value, and down payment amount.
- Closing: Lenders provide final terms, and borrowers close with funds for the down payment and closing costs.
Challenges of ITIN Home Mortgages
- Higher Down Payments: ITIN loans require more equity than traditional mortgages.
- Limited Lender Options: Not all lenders offer ITIN mortgages, which can limit availability.
- Higher Interest Rates: Reflecting the increased risk and specialized nature of these loans.
- Property Eligilbility: Limited Investors for Condos, Multi Family and Manufactured Homes
Who Should Consider ITIN Home Mortgages
- Non-Citizen Residents: Individuals living and working in New Jersey without an SSN.
- Self-Employed Borrowers: ITIN holders with alternative income sources.
- First-Time Homebuyers: Those looking to purchase their first home and establish financial stability.
- Foreign Nationals: Non-U.S. citizens investing in New Jersey real estate.
New Jersey ITIN Mortgage Rates
Interests rates are calculated using several factors. Depending on the type of mortgage you are looking at and the impact of the items below can determine the interest rates.
- Demand for Mortgage Securities
- Property Securing the Mortgage
- Occupancy of the Property
- Loan to Value of the Property
- Borrower’s Credit Worthiness
Why New Jersey Homeowners Choose Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Competitive Rates & Fees
Direct Lender with Complete Mortgage Programs
Exceptional Service
Customer Support Application to Final Payment
Capital Home Mortgage Company Reviews
New Jersey Home Mortgage Programs
New Jersey Home Purchase loans
Looking to Purchase a New Jersey Home?
Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
- Primary, 2nd Home, Investment
- Competitive Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
New Jersey Renovation Home Loans
Looking to Rehab a New Jersey Home?
Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
New Jersey FHA Home loans
Great 1st Time New Jersey Homebuyers
FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket. Call today to get started.
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
New Jersey va Home Loans
100% Financing for New Jersey Vets
Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
New Jersey Conventional Home loans
Flexibility for New Jersey Homebuyers
Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
New Jersey Jumbo Home Loans
New Jersey Non-Conforming Home Loans
Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
New Jersey USDA Home loans
New Jersey 100% Rural Loans
USDA Loans are a great option for families wanting to live outside of the city. Call today to speak with a loan officer to discuss your personal loan options.
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
New Jersey Native american Home Loans
Not Available in New Jersey
HUD 184 Home Loans are solely for Native American and offer a variety of benefits. Call today to speak with a loan officer to find out more.
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
New Jersey Manufactured Home loans
Great New Jersey Alternative Housing
Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
New Jersey Reverse Mortgage Loans
Your New Jersey Home at Work
Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
New Jersey Non QM Home loans
Making New Jersey Mortgages Possible
Looking for Non Traditional Home Mortgage Loan? Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
New Jersey One Time Close Home Loans
Build Your New Jersey Dream Home
Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan. Call today to see how a OTC loan works.
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
New Jersey Refinance Mortgage loans
New Jersey Rate & Term Refinance
Refinancing can be a hard decision and may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor for details.
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
New Jersey Cashout Mortgage Loans
New Jersey Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home. Refinancing may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor.
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
