New mortgage rules help open doors for immigrants

But home mortgage rules have started to change. Legal and illegal immigrants from California to Miami increasingly are obtaining mortgages using their taxpayer identification number, or ITIN, issued by the Internal Revenue Service.

The couple, who came to the U.S. four years ago from Venezuela, is obtaining a loan using Pablo’s ITIN and hope to close on it in a couple of months. Once they are prequalified, they will start shopping for a home. They now live with four children, ages 4 to 20, in a mobile home that last year was trashed by Hurricane Frances.

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