Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Securit
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-ti
ITIN Loans vs FHA Loans: Which Mortgage Is Right for You?
Compare ITIN Loans and FHA Loans side by side. See the key differences in credit requirements, down payments, rates, and more to find the best loan for your situation.
At a Glance
Quick comparison of key requirements
Feature-by-Feature Comparison
See how ITIN Loans and FHA Loans stack up
| Feature | ITIN Loans | FHA Loans |
|---|---|---|
| Down Payment | Varies by program | Varies by program |
| Credit Score | Program-specific minimum | Program-specific minimum |
| Loan Limits | Varies | Varies |
| Mortgage Insurance | Depends on LTV | Depends on LTV |
| Best For | Borrowers seeking itin loans | Borrowers seeking fha loans |
Which Loan Is Right for You?
Each loan type has ideal scenarios
The Bottom Line
Both ITIN Loans and FHA Loans are excellent mortgage options, but they serve different borrower needs. The right choice depends on your credit score, down payment, income, and homeownership goals. An NMHL loan officer can analyze your specific situation and recommend the best program for you.
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Frequently Asked Questions
Common questions about ITIN Loans vs FHA Loans
Frequently Asked Questions
ITIN Loans and FHA Loans serve different borrower needs. This comparison breaks down the key differences in eligibility, rates, and terms to help you choose the right mortgage.
The best option depends on your financial situation, credit score, and homeownership goals. NMHL loan officers can help you compare both options for your specific case.
This comparison is for informational purposes only and does not constitute financial advice. Rates, terms, and program availability are subject to change without notice and may vary based on creditworthiness, property type, loan amount, and other factors. Contact NMHL for current rates and personalized loan options. NMHL NMLS# 2557591. Equal Housing Lender.