Cash-Out
- Primary Residence
- Non-QM
- 660 Min FICO
- 75% Max LTV
The ITIN Cash-Out Refinance Program allows borrowers with a valid Individual Taxpayer Identification Number (ITIN) to tap into their home’s equity for debt consolidation, home improvements, or other eligible personal needs. This program supports full and alternative documentation options, offering flexibility for self-employed or non-traditional borrowers.
This program is ideal for borrowers who:
- Have a valid ITIN and supporting IRS documentation.
- Own and occupy a primary residence or second home.
- Wish to access home equity for personal or financial purposes.
Property Type | Credit Score | Max LTV/CLTV | Max DTI | Notes |
|---|---|---|---|---|
SFR (1-4 Units) | 720+ | 75% | 50% | Must meet tradeline & reserve requirements. |
SFR (1-4 Units) | 660–719 | 70% | 50% | Alt doc allowed. May require higher reserves. |
Condo (Warrantable) | 720+ | 75% | 50% | Full condo review required. |
Rural property | 660+ | 70% | 50% | Rural 2–4 units not eligible. |
Cash-Out Limits |
|---|
LTV > 65% Maximum cash-out amount $250,000. |
LTV ≤ 65% Maximum cash-out amount $500,000. |
Occupancy Requirement |
|---|
Allowed Primary residences and second homes are allowed. |
Not Allowed Investment properties are not permitted. |
Residency Eligibility |
|---|
Eligible At least one borrower must have a valid ITIN and U.S. government-issued ID. |
Documentation Acceptable ITIN documentation: IRS letter (<3 years), W-7 form, or tax preparer letter confirming most recent return. |
Income Consistency Requirements |
|---|
Employment History
|
Job Changes
|
Income Type | Requirement | Documentation |
|---|---|---|
Wage Earner | Generally 2 years uninterrupted employment required; shorter history may be accepted with strong compensating factors. | 2 most recent paystubs or 2 months of bank statements showing direct deposit; WVOE if available. |
Self-Employed | Minimum 12 months self-employment required; some programs may require 24 months if income deposits are irregular or declining. | 12–24 months business/personal bank statements, YTD P&L, business license or CPA letter; tax return if filed. |
Part Time | 2-year history required; must be likely to continue. | Paystubs, WVOE, or 2 months bank statements showing recurring deposits. |
Seasonal | Must demonstrate consistent 12–24 month history and likelihood of continuance. | Bank statements, paystubs, or employer letter confirming rehire pattern. |
Reserves |
|---|
LTV <80% Reserves require and depend on FICO:
|
LTV ≥80% 12 months reserves required. |
Loan Amounts |
|---|
Minimum Loan Amount $100,000. |
Maximum Loan Amount $1,000,000 |
Property Types |
|---|
Eligible
|
Ineligible
|
Self-Sufficiency |
|---|
Requirement 2–4 unit properties only. |
Calculation
|
Disclaimer – This matrix was published on 09/20/2025. Program guidelines may have changed since then. Please contact Alexis to confirm the most current requirements. For complete details, refer to the Partner Matrices PDF or reach out directly to Alexis for program-specific guidance.
Contact Loan Officer
Alexis Andrade
Mortgage Loan Officer
NMLS #2553405
alexis@sjmorganple.com