If you don't have a Social Security you can Still Buy a Home!

HOW?

WITH AN ITIN (Individual Tax Identification Number)

PROGRAMS THAT WE HAVE USED:

ARVEST BANK 

7401 W 135th Street

Overland Park, KS  66223

HOW THEIR PROGRAM WORKS:

Biggest thing is to make sure that your w-2 or 1099 shows your ITN and DOES NOT inaccurately showing as a social security number

 HOW MUCH DO  YOU HAVE TO PUT DOWN?  

FICO > 700 = 15% DOWN

640-699 = 20% DOWN

 

TERMS: 

  • 5/1 ARM  (Adjustable Rate Mortgage)  - What does that mean?   It means that ever year they can "adjust" your mortgage down or up .. mostly up.  THEY CAN NEVER INCREASE IT MORE THAN 2% /Year … and IT CAN NEVER INCREASE MORE THAN 5% FROM WHAT YOU STARTED WITH.
  • 3.5%   = 
  • NO CLASSES
  • IN HOUSE LOAN (PORTFOLIO)
  • NO PMI

 

CLOSING COSTS ARE SAME AS A TRADITIONAL LOAN .. THEY DON’T TACK ON EXTRA FOR ITIN BORROWERS

 

THE LOAN OFFICERS WHO ASSIST YOU ALL SPEAK SPANISH:

  • JUAN       Cell: (913) 203-0112
  • VANESSA = LOAN OFFICER ASSISTANT
  • SUSANNA =  PROCESSOR

 

Loan app to apply with Juan

 

FIRST FEDERAL SAVINGS AND LOAN IN OLATHE

700 E Santa Fe St, Olathe, KS 66061

(913) 397-6737

You can buy a house with an ITN even if you are self-employed!

HOW IT WORKS:

  • MUST HAVE A 650+ CREDIT SCORE
  • 20% DOWN
  • NO CLASSES REQUIRED
  • INTEREST RATE IS USUALLY BETWEEN 7.5%- 8.5%

NO ONE THERE CURRENTLY SPEAKS SPANISH

TO APPLY - YOU MUST GO TO THE BANK AND FILL OUT A PAPER APPLICATION OR ASK YOUR REAL ESTATE AGENT TO PRINT YOU ONE. WE ALL HAVE A  COPY OF IT.