Mortgage without SS #

[Joseph Skoler]

I have a very odd situation:

I basically bought a house for a friend of mine about a year ago and gave him a 5% interest only loan for the entire purchase/closing/renovation costs.

Both he and I would like him to get more permanent financing.

But, he does not have a social security number.  He has an ITIN and pays taxes. 

We've looked into this some, and I see that there are ITIN mortgages, but their terms are quite unattractive.

Is there another solution?

Thank you.