Meet The Mortgage Company Enabling Illegal Immigrants To Buy American Homes

After decades of mass illegal immigration into the United States, untold millions of illegal aliens have settled throughout the country, competing with Americans for government benefits, jobs, and now, for homes.

For most illegal aliens, obtaining a mortgage from a traditional bank — without a social security number or a credit score — is nearly impossible. But as millions of illegal aliens flooded the country, a new industry has cropped up to capitalize on the new customer base, selling financing catered to the illegal population.

One entity at the forefront of this industry, a Daily Wire investigation has revealed, is Prysma Lending, which has given out more than a billion dollars in loans in red and blue states alike as it blatantly targets illegal aliens.

Trump pledged to ban mortgages for illegal aliens on the campaign trail and his administration took action in March to prevent government-backed mortgages from going to illegal aliens. But Prysma is one of several companies — including Colony Ridge, the Texas development that The Daily Wire exposed as a magnet for illegal aliens — that uses a different financial tactic that isn’t impacted by the administration’s recent rule change, which specifically targeted loans backed by the Federal Housing Administration.

The company prides itself on “empowering the Latino community to achieve homeownership” in its Spanish-language Instagram bio. The company’s president, Monica Serva, says she started Prysma with the intent of “helping the Latino community” because she “realized how unfairly minorities were treated.”

But Prysma revealed that its business model relied on illegal aliens, in particular, when it hosted a webinar with an immigration lawyer to answer their customers’ questions about the risk of deportation in the days following President Donald Trump’s inauguration.

The company is evidently concerned that its clientele could be deported, or at least that potential customers could be dissuaded from buying a home in a country that they fear they could be removed from.

They have reason to be worried. The Connecticut-based company’s website is checkered with explicit appeals to illegal aliens, allowing it to corner a market that doesn’t have access to the same financial tools as American citizens and legal residents.

“Prysma has helped non-US citizen families in: Connecticut, Florida, Massachusetts, New Jersey, New York, Pennsylvania, and Texas,” the corporation’s site reads. “No Social Security or Green Card required.”

“You have a right to homeownership, regardless of legal status,” Prysma says. The company even published guides on “loans for undocumented immigrants” and boasts that it has “extensive experience with loans tailored to the unique needs of undocumented immigrants.”

“Securing personal loans can be a crucial step toward financial independence for undocumented immigrants, who often face challenges accessing traditional financial products,” Prysma writes. 

Federation for American Immigration Reform Media Director Ira Mehlman told The Daily Wire that allowing illegal aliens to access mortgages could incentivize them to remain in the country, but that Congress could take action. 

“Access to mortgages can serve as an incentive for illegal aliens to remain in the country, especially at a time when the goal of the government is convincing illegal aliens to leave,” Mehlman explained. Congress could take many actions – from disclosure to outright prohibition – and set a national standard for states to follow.”

A Prysma employee admitted in the post-election webinar that the company specializes in offering loans to illegal aliens.

“At Prysma, again we’re super honored that Latinos come to us … well, people from all different parts of the world, looking for loans that don’t require a legal status,” Senior Mortgage Loan Originator Stefany Pina said.

The corporation made a guide to go along with the talk, providing “actionable steps to safeguard the things that matter to you most should you or a family member be at risk of deportation.” The document tells customers how to trigger a “credible fear” interview to avoid deportation, adding that “the interview process can slow deportation proceedings, giving you time to build a legal defense.”

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Prysma also instructs illegal aliens to avoid presenting “IDs that could flag you for deportation,” including foreign passports.

Prysma’s business model appears to rely on the individual taxpayer identification number (ITIN), a tax processing number from the IRS that can be obtained by anyone regardless of their immigration status. The National Immigration Law Center, a left-wing Soros-backed organization, calls ITINs “a powerful tool for immigrant taxpayers.” Illegal aliens can use ITINs to receive home and personal loans, often at rates significantly higher than those offered by traditional banks.

Obtaining an ITIN, Prysma is eager to point out, does not require a legal status. “Your ITIN allows you to take out a Tax ID loan … without showing legal residency in the U.S.” The company says, also adding “no social security card needed” and “no green card needed.”

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The IRS created ITINs so nonresidents could pay taxes. They were not intended to be used by illegal aliens to obtain mortgages or other loans.

This ITIN financial scheme is the same system that fueled the astronomical growth of Colony Ridge, the Texas development that The Daily Wire exposed as a magnet for illegal aliens. The site, which has attracted illegal alien murderers, drug-runners, human smugglers, and cartel members, similarly told buyers that they didn’t need social security numbers and instead doled out ITIN loans to illegal aliens.

Leaked emails from a Texas land developer uncovered by The Daily Wire indicate that there appears to be an entire industry built around supplying loans to illegal aliens. The developer, who formerly led a lobbying organization, wrote that “we will not be able to sell our developments if each of our buyers have to have [social security numbers].”

Prysma did not respond to a request for comment.