Florida ITIN Mortgage Lenders or low downpayment Florida ITIN mortgage lenders you came to the right place. We offer ITIN mortgage loans to help ITIN Florida business owners purchase a home. 3.5% Down Bank Statment Florida Mortgage Lenders are great if you searching for Mortgage for gig workers, ITIN-DACA Florida mortgage lenders, no tax return Florida mortgage lenders then you came to the right place. ITIN Florida mortgage applicants including non-immigrants including B-1 (business visitor) and B-2 (tourist) visas, followed by the F-1 (student) and H-1B (specialty occupation) visas.  This owner financing program only requires only 3.5% Down, up to 6% seller paid closing cost,  3 months’ bank statements, YTD Profit loss, and last year’s tax return show just to prove you made income. This allows you to owner-finance any home that qualifies for an FHA mortgage loan.  The Govt entity will pay off the seller of the home you choose and the owner finance the house to you for 40 years.  It might seem complicated but it’s not that bad. Call me I’m here to help tie it together.

Seller Financing FHA Conditions

•Minimum 3.5% down payment up to FHA loan limits – FHA Lending LIMITS listed Below
• Borrowers facing credit challenges 40-year amortization with an equity option.
• Seller must pay closing cost up to 6% if you don’t have closing cost. 
• First-time homebuyers
• Self-employed individuals
• 1099 and gig workers
• Those relocating or starting a new job
• Recent college graduates
• Individuals with student loan debt
• ITIN/DACA borrowers
•A minimum credit score of 600 is required (ITIN borrowers exempt from credit score requirement)
•Roof under 10 years old appraisal must be  – c3 or c4 condition indicating a well-maintained property with some minor deferred maintenance or physical deterioration due to normal wear

Eligible Borrowers 

Maximum two applicants per financing
• U.S Citizens
• Individuals or Inter Vivos (Living) Trusts; DACA ok
• Non-U. S Citizens (no exceptions made on documentation needed below)
o Lawful Permanent Residents
▪ Eligible with a green card, requires a U.S. social security number
o Non-Permanent Resident Aliens
▪ Eligible with proof of employment and Individual TaxpayerIdentification Number (ITIN)

or

▪ Eligible with a U.S. social security card (that is valid for work only with DHS authorization) and
Employment Authorization card
o Borrower(s) with Diplomatic Immunity
▪ Not eligible
• Non-occupant co-borrower allowed
o Must sign the loan documents as an additional guarantor
o Income may be used for qualifying income
o Occupancy is not required
o Must have no interest in the transaction as a seller

Steps To ITIN Florida Owner Financing 

1. Complete Mortgage Application Pull Credit get pre-approved for seller financing.
2. Once approved you have a maximum approved monthly payment, home price, and maximum monthly payment.
3. The ITIN mortgage applicant is the borrower on the Link financing agreement and Trio is the Lender on the Link transaction
4. Government Entity – Instrumentality of Government (IOG) is the borrower on the FHA loan
5. ITIN mortgage applicant shop for a home with their Agent
6. Agent uploads accepted contract
7. prices the Link payment and issues the Link disclosures
8. Trio accepts the assignment and submits it to The Florida Mortgage Lenders who then order the appraisal
9. Trio and The Florida Mortgage Lenders work together to clear both the Link Loan and FHA loan to close
10. The ITIN mortgage applicant signs a Link agreement and pays the required costs
11. The agreement is signed a day before FHA settlement
12. The link agreement is signed a day before the FHA settlement
    o See Cash Required
13. Trio uses its pre-approved government agency entities as borrowers
    o Closing is guaranteed provided:
    ▪ Purchase price value is supported by the FHA appraisal
    ▪ The purchase contract has been assigned properly
    ▪ Title has been reviewed and accepted
    o Chain of title subject – no 90-day flips
    ▪ LDP / GSA meets FHA requirements
    ▪ Consumer meets and performs under Link Loan guidelines
    • The transaction closes, the home is purchased, and the ITIN mortgage applicant moves in!
    • The Florida Mortgage Lenders will service the Link transaction and underlying FHA loan.