Recently Security Federal Savings Bank was featured in the Pharos Tribune for our innovative ITIN (individual taxpayer identification number) mortgage loan program. This special program was created to help individuals who don't have a traditional SSN (social security number), including undocumented immigrants, to get approved for a loan to buy a home. 

Quoted in the original article, Security Federal Savings Bank's president and CEO Annette Russell stated, "We recognized this is a big segment of the communities that we serve, the market area that we serve, and as a community bank, we want to be able to provide products and service that meet the needs of all community members."

Available since the fall of 2021, the bank also offers a "credit builder" loan option that allows the customer to take on additional assistance for items that may help in their journey to homeownership. There are even options to refinance an existing mortgage loan under the ITIN mortgage loan program, which was recently used to help one customer lower their payment by almost $600 a month.

For additional details and examples of other customers who have benefitted from the program, we encourage you to read the original article, ITIN Mortgage Loan Helps Residents Without a SSN Become Homeowners. Or, if you're interested in speaking with a mortgage expert and taking advantage of this program yourself, get in touch today and we'll be happy to help. Either way, we're excited about helping community members of all types realize the dream of homeownership.