Social Security Number also called SSN is a 9-digit number. The purpose of it is to track and verify people for tax. That number is also used for loan verification of an individual to avoid frauds. If someone don not have a SSN, but do have an ITIN (Individual Taxpayer Identification Number) then he can be eligible for an ACORN (Association of Community Organizations for Reform Now) program. It offers thirty year fixed-rate financing with a very viable interest rate. Alternative lines of credit such as rent and utilities can also be used to qualify for loan.

Getting Loan Without Social Security Number

An ITIN loan, catch its name from “Individual Tax Identification Number”, is for house purchasers without a Social Security number. This organization collaborates with Citibank and few others to make ITIN loans obtainable for first-time home buyers without Social Security identification. There are few steps to follow for loan qualification.

Step 1

The first step for an ITIN loan qualification is to listen home buyer seminars. The seminar provides information about purchasing a home for the first time buyers. Throughout the seminar the steps to home buying and home mortgage loan are explained.

Step 2

The second step is to plan a person-to-person meeting with an ACORN housing counselor. For that purpose they need to bring two year’s tax returns, a good credit history and a sure job history.

At this meeting, the credit, finances and affordability of debtor is concluded. If there are any problems solution is provided.

Step 3

The paperwork with the ACORN analyst consists of the following:

  • Two year’s tax returns, the corresponding of a two-year work history.
  • Three most recent bank statements.
  • One month current paycheck stubs.
  • A 24-month rental history plus three alternative credit references for 12-months each. These must be verifiable, such as utilities, and they can be used in place of a traditional credit report.

    Loan without SSN

Step 4

After the meeting with the ACORN analyst and is pre-approved for an ITIN loan, the next step is to work with a loan officer at CitiMortgage. The loan is already approved so it will immediately be a 30-year, fixed-rate mortgage loan. That is why no PMI is needed.

After the approval from ACORN’s program, the client has met with a loan officer and is agreed for the loan; they only need to give a least of $500 for the transaction fee.


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Rana Mansoor Akbar Khan

Rana Mansoor Akbar Khan

Financial Blogger. Tech Journalist. Freelance web developer.


  1. May 6, 2011 at 6:04 pm

    Mortgage backed securitization has opened doors to banks to gamble with our money and we ended up paying for it

  2. Rubia
    June 23, 2011 at 4:14 pm

    Who should I contact about the ACORN’s program?

  3. July 6, 2011 at 9:06 pm

    There are still banks doing ITIN mortgages? I thought I read a long time ago about how everybody’s stopped doing them, including Banco Popular.

    I thought they were a good idea.