When you want it, you find it. Use creativity to solve problems. There are always ways to achieve what we want.
KEY POINTS
How to Buy a House in the United States Without Social Security
Individual Taxpayer Identification Number (ITIN):
Obtain an Individual Taxpayer Identification Number (ITIN) from the Internal Revenue Service (IRS). Although it doesn’t replace an SSN, some financial institutions and lenders may accept it for mortgage purposes.
The IRS office gives you 3 options on how to apply: HERE
Financial institutions generally ask for two years of paid taxes to verify your income.
Co-Applicant or Co-Buyer:
Associate your purchase with someone who has an SSN and is willing to be a co-applicant or co-buyer in the transaction.
I have had several clients enlist their relatives who do have SSNs to make the purchase together.
Alternative Lenders:
Research lenders who can work with foreigners and don’t require an SSN. Some specialized lenders may have programs for buyers with no U.S. credit history
Seller Financing:
Explore seller financing options where the current owner acts as the lender and may be more flexible on requirements.
Cash Purchase:
If you have the financial means, consider purchasing the property in cash to avoid the need for traditional mortgage financing.
Legal and Financial Advice:
Seek the advice of a real estate attorney or financial advisor specializing in real estate transactions to explore specific options and ensure compliance with laws and regulations.
It’s important to note that options may vary depending on location, property type, and lender policy. Consulting with real estate and financial professionals will provide more specific information tailored to your situation.
Al hacer clic Enviar, yo acepto que un agente inmobiliario de CASALinker se ponga en contacto conmigo por teléfono o mensaje de texto incluso por medios automatizados sobre servicios bienes raíces, y que puedo acceder a los servicios inmobiliarios sin dar mi número de teléfono.