LAT Money Center Introduces Nationwide Program That Offers Mortgage Financing to Undocumented Workers

“LAT Money Centers, a Hispanic-owned financial services company, has introduced the industry’s first nationwide financing program for undocumented workers that want to buy homes. This lending program will offer loans to potential homeowners using Individual Taxpayer Identification Numbers (ITIN) and Matricula Consular IDs in lieu of social security numbers. The company announced the new initiative at the 2006 Hispanic Marketing Convention & Expo hosted by the National Association of Hispanic Real Estate Professionals this week in Las Vegas.

The program will be made available to 14,000 NAHREP members in more than 48 states across the nation. “Recent industry research has shown that Hispanic homeowners are less likely to default on their home loan than other borrowing groups,” said LAT Money Centers COO Samuel Angueira. “The Hispanic community takes pride in home ownership and that results in fewer missed payments, less defaults, and a higher return for investors.””

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