St. Paul, Minn. | March 26, 2024 – Drake Bank is pleased to announce the launch of its newest program, the ITIN mortgage program. This program provides mortgage products to individuals without a Social Security Number (SSN) and promotes homeownership opportunities for all.
Individual Taxpayer Identification Number (ITIN) mortgages are designed to offer flexible and accessible financing options to individuals who may not qualify for traditional mortgages due to their immigration status or lack of an SSN. By leveraging alternative forms of identification, Drake Bank seeks to break down barriers and make the dream of owning a home a reality for a broader spectrum of individuals and families.
“We are excited about the opportunity to bring this product to our community,” said Scott Swenson, chief banking officer at Drake Bank. “We look forward to helping families and businesses build better futures for themselves and their families.”
The ITIN mortgage program offers competitive interest rates, flexible repayment terms, and personalized support throughout the mortgage application process. Drake Bank’s team of experienced mortgage specialists and processors will work closely with applicants to understand their unique needs and tailor solutions that best suit them. This initiative emphasizes Drake Bank’s belief that homeownership should be an opportunity for all.
For more information about Drake Bank’s ITIN mortgage program and eligibility criteria, please visit our website or call (651) 224-5000 to speak with our expert ITIN mortgage team.
Drake Bank is a purpose-driven, independent community bank in St. Paul. Founded in 2002, the Drake team focuses on building authentic relationships and building a better future for the local communities. Drake team members work individually with each client to provide business, consumer, cash management, and mortgage services to help them reach their goals. Outside of the Bank’s traditional banking services, it partners with mission-aligned financial technology companies to expand its mission to other communities. Start building a better future. Learn more at drake-bank.com.
