I don't have a Social Security number. Can I get a mortgage?
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
The salary you must earn to buy a home in 50 metrosHere’s how much salary you would need to earn in order to afford the median-priced home in your metro area.
10 metros where a home costs about $1,000/monthHSH.com identifies 10 metro areas where you can afford the principal, interest, taxes and insurance payments on a median-priced home for only around $1,000 per month.
Why is my lender asking for so much documentation?We're looking to refinance our primary home. We own rental properties and the potential lender wants to know everything...
Should I consider my home an “asset”?The answer is "yes", or even "maybe" or "it can be", usually modified by "but not right away, if ever." When it comes to the financial aspect of homeownership, the answer is rarely simple.
Are there drawbacks to buying a 50-year old house?Compared to newer stock, buying an older home can pose different challenges, but whether or not there are drawbacks depend on your choices and needs... and on those of the people who owned it before you.