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 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.
A 25-year expert observer of the mortgage and consumer debt markets, Keith Gumbinger has been cited in thousands of articles covering a wide range of consumer finance and economic topics in outlets ranging from the Wall Street Journal to the Bottom Line newsletters. He has been a featured guest on national broadcasts for CNN, CNBC, ABC, CBS and NBC television networks and has been heard on NPR and other national and local radio programs. Keith is the primary researcher and writer for HSH.com's MarketTrends newsletter and has authored or co-authored a number of consumer guides on mortgages, home equity, refinancing and more.