dcsimg
We research, you save.
Got Questions On Rates? (855) 610-2972

I don't have a Social Security number. Can I get a mortgage?

By   |  Posted in Ask The Expert

Q: “I need a loan. I don’t have a SSN but I do have a tax id number. Can you help me with this?”

A: According to Fannie Mae's regulations, they do back loans for borrowers who have no Social Security number but do have an Individual Tax Identification Number (ITIN), so you should be able to get a mortgage loan backed by them.

According to Fannie Mae’s Selling Guide, here is the pertinent information regarding qualifying for a conforming mortgage without a Social Security number:

(Page 223; Part B, Origination Through Closing; Subpart 2, Eligibility; Chapter 2, Borrower Eligibility; June 26, 2012; Tax Identification Numbers)

Fannie Mae requires all borrowers to have a valid Social Security number or Individual Taxpayer Identification Number (ITIN) (in addition to meeting existing legal residency and documentation requirements).

Deliveries of mortgage loans for borrowers without Social Security numbers or ITINs require a variance to the Selling Guide, and must be delivered under a Master Agreement for identification and tracking.

For additional information, see B2-2-02, Non-U.S. Citizen Borrower Eligibility Requirements below:

(Page 224; B2-2-02, Non–U.S. Citizen Borrower Eligibility Requirements; March 02, 2010)

Non-U.S. Citizen Borrower Eligibility Requirements Fannie Mae purchases and securitizes mortgages made to non-U.S. citizens who are lawful permanent or non-permanent residents of the United States under the same terms that are available to U.S. citizens.

Fannie Mae does not specify the precise documentation the mortgage lender must obtain to verify that a non-U.S. citizen borrower is legally present in the United States. The lender must make a determination of the non-U.S. citizen’s status based on the circumstances of the individual case, using documentation it deems appropriate. By delivering the mortgage to Fannie Mae, the lender represents and warrants that the non-U.S. citizen borrower is legally present in this country.

More help from HSH.com

  • Can I use a USDA-backed loan to purchase a manufactured home?

    A USDA-backed loan may be able to be used, but there are a number of restrictions.
  • HSH.com on the latest move by the Federal Reserve

    The Federal Reserve concluded a meeting today with a quarter-point change in the federal funds rate, but no changes to other monetary policy tools.
  • Home price recovery index: Which metros have improved the most, least?

    Have home prices in your area fully recovered from the declines suffered during the Great Recession, or are they still struggling to make it back to the peak it reached before the crisis?
  • The salary you must earn to buy a home in 27 metros

    Here’s how much salary you would need to earn in order to afford the median-priced home in your metro area.
  • Home buyer programs by state | 2017

    HSH.com has compiled a list of home buyer programs in each state in order to inform borrowers of what assistance might be available to them in their local area.