Loan Comparison
FHA financing requires a Social Security number and eligible residency status. ITIN loans were built for borrowers who file taxes with an Individual Taxpayer Identification Number instead. Both can put you in a home — the qualifying documents and pricing are what differ.
| ITIN Loan | FHA Loan | |
|---|---|---|
| Identification required | ITIN — no Social Security number needed | Social Security number and eligible immigration status |
| Down payment | Typically 15–20% | 3.5% minimum |
| Credit requirements | Flexible — alternative credit accepted | 580 minimum FICO score |
| Income documentation | Tax returns, bank statements, or 1099s | Standard W-2s, paystubs, and tax returns |
| Mortgage insurance | None | Upfront MIP plus monthly MIP |
| Rates | Higher — portfolio and Non-QM pricing | Government-backed pricing |
| Best for | ITIN filers who cannot access government programs | Borrowers with a Social Security number and limited savings |
If you have a Social Security number and eligible status, FHA is almost always the cheaper route with far less money down. If you file with an ITIN, an ITIN loan is your route to ownership — and after a few years of mortgage history and equity, refinancing into better pricing is often possible. We speak Spanish and walk ITIN borrowers through every document.
Still Deciding?
We'll price both programs with your actual numbers and show you the payment, cash to close, and long-term cost side by side — no credit pull required.
Questions
Yes. ITIN loans are portfolio products from lenders who accept an Individual Taxpayer Identification Number in place of a Social Security number. They generally require a larger down payment and carry higher rates than government programs.
Most programs want 15 to 20 percent down. A larger down payment often improves both your rate and your approval odds.
Yes. Once you have established mortgage payment history and equity, refinancing into better ITIN pricing is common. If your status changes and you obtain a Social Security number, conventional or FHA financing may open up.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.
Ready When You Are
One application, multiple wholesale lenders, and a licensed loan officer who explains the tradeoffs before you commit.