ITIN Florida Mortgage Lenders or low downpayment Florida ITIN mortgage lenders you came to the right place. We offer ITIN mortgage loans to help ITIN Florida business owners purchase a home. 3.5% Down Bank Statment Florida Mortgage Lenders are perfect for gig workers, ITIN-DACA, and No tax return . ITIN Florida mortgage applicants including non-immigrants including B-1 -business visitor and B2 torist visas, followed by the F-1 (student) and H-1B (specialty occupation) visas. This ITIN owner financing mortgage program only requires only 5% Down and allows up to 6% seller-paid closing cost, 3 months’ bank statements, YTD Profit loss, and last year’s tax return show just to prove you made income. This ITIN mortgage program allows you to owner-finance any Florida home that would qualify for an FHA mortgage loan. The Govt entity will pay off the seller for the home you choose and the owner finance or sell the house for up to 40 years. It might seem complicated but it’s not that bad. Call me I’m here to help tie it together.
ITIN Florida Mortgage Lenders
ITIN Seller Financing Florida Mortgage Submission Checklist
P&L for 2024 and another for YTD 2025.
S/e, business license or CPA letter
Seller credits up to 6% can be used for the FHA closing costs
Signed Purchase Contract with All Addendums
Addendum Assignment of Purchase Contract to Government Entity
60 Days of Paystubs
60 Days Banks Statements showing deposits
Completed Wage Earner Income Calculator
Prior Year and YTD P&L Statement
90 Days Business Banks Statements showing deposits
Prior Year Income Tax Return (all schedules)
Completed Self Employment Income Calculator
Business License or Proof License Not Required
Bank Statements must reflect all funds required
Living Rent Free, not allowed
Cash Payments or Money Order Payment, are not allowed
Home Inspection Acknowledgment
Home Inspection and Paid Invoice
Roof Inspection / Certificate (if the home is older than 10 years and/or appraisal rating of C3 or C4)
Insect Inspection
Home Warranty
Renter Insurance Deck Page
Two (2) forms of Government IDs (per borrower)
Homebuyer Education Certificate
Home Payment Protection Plan Quote
HOA Compliance Tracking (if Applicable)
ITIN Eligible Borrowers
Maximum two applicants per financing
• U.S Citizens
• Individuals or Inter Vivos (Living) Trusts; DACA ok
• Non-U. S Citizens (no exceptions made on documentation needed below)
o Lawful Permanent Residents
▪ Eligible with a green card, requires a U.S. social security number
o Non-Permanent Resident Aliens
▪ Eligible with proof of employment and Individual TaxpayerIdentification Number (ITIN)
or
▪ Eligible with a U.S. social security card (that is valid for work only with DHS authorization) and
Employment Authorization card
o Borrower(s) with Diplomatic Immunity
▪ Not eligible
• Non-occupant co-borrower allowed
o Must sign the loan documents as an additional guarantor
o Income may be used for qualifying income
o Occupancy is not required
o Must have no interest in the transaction as a seller
Steps To ITIN Florida Mortgage Lenders Program
- Complete Mortgage Application Pull Credit to get pre-approved for seller financing.
- Once approved you have a maximum approved monthly payment, home price, and maximum monthly payment.
- The ITIN mortgage applicant is the borrower on the Link financing agreement and Trio is the Lender on the Link transaction
- Government Entity – Instrumentality of Government (IOG) is the borrower on the FHA loan
- ITIN mortgage applicant shop for a home with their Agent
- Agent uploads accepted contract
- prices the Link payment and issues the Link disclosures
- Trio accepts the assignment and submits it to The Florida Mortgage Lenders who then order the appraisal
- Trio and The Florida Mortgage Lenders work together to clear both the Link Loan and FHA loan to close
- The ITIN mortgage applicant signs a Link agreement and pays the required costs
- The agreement is signed a day before FHA settlement
- The link agreement is signed a day before the FHA settlement
o See Cash Required - Trio uses its pre-approved government agency entities as borrowers
o Closing is guaranteed provided:
▪ Purchase price value is supported by the FHA appraisal
▪ The purchase contract has been assigned properly
▪ Title has been reviewed and accepted
o Chain of title subject – no 90-day flips
▪ LDP / GSA meets FHA requirements
▪ Consumer meets and performs under Link Loan guidelines
• The transaction closes, the home is purchased, and the ITIN mortgage applicant moves in!
• The Florida Mortgage Lenders will service the Link transaction and underlying FHA loan.
ITIN Florida Owner Financing Option Specifications
A transaction giving a borrower that does not qualify for a standard agency mortgage a path to homeownership The borrower (itin mortgage applicant ) qualifies for a:
– 40-year Seller Financing Agreement qualified for the home of their choice
– A contract for Deed is signed which gives the borrower equitable title interest
– This is NOT a loan. The itin mortgage applicant is not borrowing any funds Then the Seller Finance Agreement in linked with an FHA purchase loan utilizing a government entity as the borrower and owner of the subject property.
ITIN Seller Financing Process for FHA-Approved Properties
1. (MLO) mortgage loan originator collects itin mortgage applicant loan applications & submits them to its underwriting team.
2. ITIN mortgage applicant is approved for an Owner Financing Loan and shops with their Realtor for a home.
3. LO works with itin mortgage applicant and agent to obtain a Purchase Sale agreement w/assign-ment for Govt agency buyer.
4. Lender initiates FHA disclosures for Seller financing to sign and orders FHA appraisal.
5. ITIN mortgage applicant signs a government agency contract & funds required deposits for closing per the Closing CD.
6. Government agency contract signs the closing loan docs for the FHA 1st mortgage.
7. The lender funds the loan and the title records the sale like any other.
8. Closed and the ITIN mortgage applicant moves in.
9. The mortgage applicant makes monthly payments to the servicer.
