An ITIN And A Rental That Pays For Itself.
Investment property financing for borrowers with an Individual Taxpayer Identification Number, qualified on the rents.
Two barriers removed at once
No Social Security number required, and the property carries the qualifying.
- For borrowers using an Individual Taxpayer Identification Number.
- Investment property held for a business purpose, and never owner-occupied.
- Neither the borrower nor family members may live in the property.
- Available for purchase, rate-and-term refinance, and cash-out refinance.
- Eligible on single-family attached and detached homes and two- to four-unit properties.
- Warrantable condominiums are eligible; rural properties are not.
ITIN accepted
Investment property only
One to four units
Purchase, rate-term or cash-out
Qualified on the rents
Rural properties not eligible
What is the Saxton ITIN DSCR Investment Loan?
Rental property financing for ITIN borrowers, underwritten on the building.
Two things usually stop an investor here. The first is not having a Social Security number, which rules out most conventional lending outright. The second is documenting personal income well enough to support an investment property purchase. This product addresses both at once.
It accepts an Individual Taxpayer Identification Number in place of a Social Security number, and it uses a debt service coverage approach, which means the qualifying analysis is driven by the rent the property produces rather than by personal income documentation.
It is strictly an investment product for a business purpose. Neither you nor a family member may live in the property. Eligible property types include single-family attached and detached homes and two- to four-unit buildings. Warrantable condominiums are eligible. Rural properties are not eligible under this program. Purchase, rate-and-term refinance and cash-out refinance are all available.
Why choose the Saxton ITIN DSCR Investment Loan?
For ITIN borrowers building a rental portfolio rather than buying a home to live in.
No Social Security Number Needed
An Individual Taxpayer Identification Number is accepted, which is the barrier that stops most conventional investment lending.
The Rents Do The Work
Coverage is measured on the property, so the file does not hinge on personal income documentation.
Up To Four Units
Single-family homes and two- to four-unit buildings are both in scope, which covers most small rental purchases.
All Three Purposes
Purchase, rate-and-term refinance and cash-out refinance are available, so it works for buying and for repositioning what you already own.
We Will Be Direct About Reserves
Cash out can help satisfy the reserve requirement, but you need some months of your own funds. We will tell you the number up front.
Rural Properties Excluded
Rural properties are not eligible on this program, which is worth checking against a specific address before you commit to it.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about investment financing with an ITIN.
Yes. This product accepts an Individual Taxpayer Identification Number rather than requiring a Social Security number.
No. This is a business-purpose investment loan, and neither you nor a family member may occupy it.
The ITIN home loan is for a primary residence or second home and looks at your income. This one is for investment property and is qualified on the rents instead.
Single-family attached and detached homes and two- to four-unit properties. Warrantable condominiums are eligible.
No. Rural properties are not eligible under this program.
Cash out may be used toward the reserve requirement, but you still need to show several months of your own funds. We will confirm the exact requirement for your file.
The qualifying analysis is driven by the property’s rents rather than by personal income documentation, which is the defining feature of a DSCR loan.
Find out what you qualify for
If you have an ITIN and a rental in mind, the property may be able to carry the qualifying. Send us the address and the expected rents.
Get Pre-Qualified*Loan amounts, rates, terms, and eligibility are subject to credit approval, property and rental income verification, appraisal, and program guidelines. This is a business-purpose investment loan; owner or family occupancy is not permitted and rural properties are not eligible. Debt service coverage and reserve requirements apply. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.