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Keyword: immigrantmortgage

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  • Banks' mortgage plan opens door to homeownership for illegal immigrants

    04/07/2005 6:34:18 PM PDT · by Coleus · 77 replies · 2,128+ views
    Newark Star Ledger ^ | 04.06.05 | KATHERINE REYNOLDS LEWIS
    Dalila and William Timal look like any other couple signing a home mortgage. They've picked out paint colors for their new four-bedroom house and can't wait for their 18-month-old son to play in the yard. But they differ from others you'd sometimes see at a loan officer's desk: Neither is a U.S. citizen nor a legal resident. The Timals came to this country from Guatemala in the late '90s and illegally overstayed their visas. Advertisement They are the beneficiaries of a new program by Fifth Third Bank that bases mortgages on an individual taxpayer identification number, or ITIN. Nationwide, increasing...