- Most banks are not doing it.
- It's better than a hard money loan.
- No Social Security Card required.
- No traditional credit is required just non-traditional.
- No documents necessary to prove legal status in USA.
- Higher Down payment is required.
- Higher than conventional rates and closing cost.
- No investment properties allowed.
LOANS FOR YOUR UNDOCUMENTED BUYERS:
- Are your buyers undocumented and living in the USA?
- Are they missing a Social Security Card or number?
- Do they not have a Visa, Work Permit, or Green Card?
- U.S. Government ID Card, Matricula Consular ID, or Passport
- 2 Years employment in the same or similar line of work (can be salaried or self-employed)
- 2 Years Tax Returns using their I-TIN number
- Buyers must be an owner occupant
- Minimum 20% down payment
- This is a 30 Year fixed rate, not a hard money loan!
- 12 months of bank statements personal/business