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We are Proud to Support ITIN Loans for Tech Workers in San Diego!

ITIN loans are useful for many different borrowers. If you are a tech worker in San Diego but do not have a Social Security number, these loans could be the perfect option for your needs.

ITIN Loans: The Ideal Choice for Tech Workers on a Visa

San Diego has always had a strong reputation. It has charming neighborhoods and a diverse community. It’s beaming with a vibrant lifestyle, world-class attractions, and gorgeous natural scenery.

San Diego, however, is not known as one of the major technology centers, at least not nationally. That honor usually goes to cities like San Francisco, New York, and Boston. But San Diego has a thriving tech sector, largely driven by well-established, successful companies like QualComm, LunaDNA, and Aira. These companies and their employees are advancing technology in a variety of ways, while also changing the identity of San Diego, molding our city into one of the best tech towns in America.

These companies hire a wide range of professionals. Of course, many of the experts hired by these technology companies are full U.S. citizens. But many are not. A strong portion of them are non-citizens, working for these companies under work VISAs and other arrangements.  This makes San Diego even more diverse and exciting.

Many of these workers choose to settle in San Diego and make it their home. While renting is certainly a possibility, homeownership allows them to build wealth and enjoy all the benefits of owning a property. Many of these professionals, however, need loans to make the purchase.

This creates a challenge. Many of the top home loans are only available to people with a Social Security number. Being non-residents, these workers may not be eligible for the loans. However, an ITIN loan can provide a solution.

What is an ITIN?

Standing for “Individual Taxpayer Identification Number,” an ITIN is a tax-processing number that is issued by the IRS to legal residents of the United States who do not have a Social Security number. People who are issued an ITIN, and use it for tax purposes, include a variety of permanent and non-permanent residents.

An ITIN is a nine-digit code. (For easy identification, it always starts with the number “9.”) It is for tax purposes only, and does not have a connection to a borrower’s immigration status. You can only get an ITIN if you are not eligible for a Social Security number but need to pay United States federal taxes.

Who Should Consider an ITIN Loan?

An ITIN loan is for anyone who needs to purchase a home but does not meet the requirements of other government-backed mortgages. Of course, there are many options available for non-citizen borrowers, but using a mortgage supported by Fannie Mae has its own set of advantages.

These loans can be useful for aspiring homeowners who are working in the United States under a VISA. This includes many people in the tech industry, an important part of the San Diego economy, as well as the California and national economies.

If you are working in the San Diego tech sector as a non-permanent or permanent resident, we encourage you to contact our team to learn more about  ITIN loans for tech workers in San Diego. These loans are ideal for helping you purchase a home in this competitive market.

Securing an ITIN Loan for Tech Workers in San Diego

San Diego has a diverse community, thanks in no small part to the tech industry.

For most loans, at least mortgages supported by the government like FHA and USDA loans, you generally need a Social Security number. However, there are certain loan options available, including loans through Fannie Mae, that allow you to use an ITIN.

The process for using an ITIN is generally similar to the process of using a Social Security number. However, you may need to supply a variety of documents that help the lending professional finalize the mortgage.

First, the lending agent will need to officially verify that you do not have a Social Security number. This is done through a specific document (form SSA-89 from the Social Security Administration). This merely confirms that you do not have a Social Security number, setting the stage for the next step, which is verifying that you do have a valid ITIN.

If you have an ITIN, you should have received a verification letter from the IRS. This letter confirms that the ITIN was issued, and the lender will require a copy before they can issue an ITIN loan for a tech worker in San Diego. If you don’t have this letter, you can contact the IRS for a copy.

To confirm that the ITIN number has been used for tax purposes, the lender will need a copy of your tax transcripts.

To issue ITIN loans for tech workers in San Diego, lenders need to make sure you have the appropriate citizenship or residency status. You’ll need to be a lawful permanent resident or a non-permanent resident of the United States to be eligible. The lending office will need documentation of your residency status, but validation of your ITIN is not enough evidence to confirm your residency situation.

The most important aspect is to work with your lending official. The process is unique, and may require additional documentation of your status as a VISA holder. Start early and be as cooperative as possible and your loan will likely be confirmed swiftly.

Proud to Support ITIN Loans for Tech Workers in San Diego

We believe that all people, no matter what their background, deserve a high-quality, affordable mortgage so they can purchase a home that makes them happy.

If you are a tech worker in San Diego working on a VISA, contact our staff today. You’ll get the information and support you need for ITIN loans for tech workers in San Diego, and we’ll even help with your application to make the process as simple as possible.

Contact our team today and let us help you purchase a wonderful home in beautiful San Diego!


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Chad Baker, CrossCountry Mortgage   
NMLS# 329451 | CCM NMLS# 3029