New York, New York – July 8, 2024 – HomeLend introduces expanded ITIN program with a max LTV of 85%.
REVIEW OF THE ITIN FACTS:
1️⃣ An ITIN is an Individual Taxpayer Identification Number issued by the Internal Revenue Service to individuals not eligible for a Social Security Number.
2️⃣ The IRS now receives over 1 million ITIN applications per year and growing.
3️⃣ US Census Bureau estimates that ITIN lending serves a growing market of over 20 million underbanked consumers.
OUR ITIN INVESTORS TELL US:
1️⃣ ITIN default rates are much lower than other common mortgage products.
2️⃣ ITIN mortgage originations are growing exponentially.
OUR UNIQUE FEATURES:
✅Allows for Condos, Second Homes, and Investment Properties.
✅Alternate documents, including bank statements, are allowed.
✅660 minimum credit score.
✅Max LTV 85%.
A WINNING PROPOSITION FOR LENDERS:
HomeLend provides a FREE one-stop solution for Lenders to quickly access multiple Investors, all in one place. Lenders can utilize a single MLPA on a state-of-the-art mortgage platform.
