But Illegal Immigrants could still buy homes legally
Si, Se Puede con el ITIN. It is possible with an Individual Tax Identification Number issued by the IRS to illegal immigrants to pay taxes and develop relationships with financial institutions.
It may look dim at this time but it is a great niche for realtors that feel comfortable speaking Spanish and working with first time homeowners with great credit history.
These loans comply with the Patriot Act and are FULL documented loans. Therefore, if you are not willing to help these families compile at least 2 inches of documentations and developing a monthly detail budget - then walk away from this market. It is not for every one.
But if you are interested in this contact me.
ITIN Real Estate Specialist