Do you have a Social Security Number? Are you eligible for one? If not, do you have an Individual Tax Identification Number (ITIN)? People who are non-resident aliens filing a U.S. tax return, a U.S. resident alien filing a tax return, and the dependents or spouse of a U.S. citizen, resident alien, or a non-resident alien visa holder may be qualified for an ITIN. There are a few ways having an ITIN can be beneficial. Your ITIN is a must if you are not eligible for a Social Security Number but need to file a U.S. tax return, but it can also help you if you intend on buying a home. Keep in mind that you cannot have both a Social Security Number and ITIN. While they are intended for tax purposes only, some mortgage companies are now accepting ITINs in order to help immigrants buy a house. However, they cannot be used for identification purposes or as authorization for employment in the United States. To apply for an ITIN, you need to complete a W-7 form. If you need help completing this form, contact Hispanic Lending and we will help you through it. Once you obtain a ITIN, the fun begins. You can start applying for mortgages through one of HispanicLending.com's partners that accepts ITINs. In fact, we will walk you through the entire process of buying a home, from mortgage applications through closing. Contact us today to get more information on ITINs and how you can be a homeowner and have your little slice of the American Dream.
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