The full explanation
You apply with Form W-7, and it expires if it goes unused for several years. Some lenders accept an ITIN for a mortgage.
An example
Mariela files taxes every year with her ITIN. With those returns and her payment history, a lender that offers ITIN loans reviews her mortgage application.
You will see it in…
- The IRS CP565 notice assigning the number
- Your federal tax return, in the identification number box
- Lender and program requirements (“ITIN accepted”)