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We help ITIN holders buy a home instead of rent.

You’re ready to take the first steps to own a home for your family. Sunrise Banks is here to help you make it happen.

Our dedicated loan officers make mortgage lending easy and clear for first- time homeowners. We’ll be by your side to help you through the process, from inquiry to closing. And we know the Minnesota mortgage market like the back of our hand.

What is the Pathway2Home℠ ITIN Mortgage?

Sunrise Banks’ Pathway2Home℠ mortgage program makes the goal of homeownership possible for people with Individual Tax Identification Numbers (ITIN). This means more people in Minnesota can now own their dream home!

Looking to purchase a home this fall?

From now until December 31, on our Pathway2HomeSM ITIN mortgage program we are offering 50% off the loan origination fee and lowering the current interest by 1.5% for the life of the loan. This special is good for complete applications taken through Dec. 31, 2022.

Take advantage of this offer today by contacting our mortgage team.

Benefits Include:

  • People with ITINs are eligible
  • Down payment and grant programs can be used to help offset costs. (Your down payment is the amount of money you pay upfront for your house. This is paid in cash and goes toward the total mortgage amount.)
  • The house seller can pay your closing costs, which are costs associated with closing your mortgage deal
  • Lender credits, which can help minimize closing costs, may be available

Things to Consider:

  • Down payment required
  • You will need to take a Homebuyer Education class
  • You will need to provide two years’ worth of tax returns
Start the Process Homebuying Resources

Not sure if a Pathway2HomeSM ITIN Mortgage is right for you?

View Other Loan Options

Frequently Asked Questions

An ITIN is a unique identifier containing a nine-digit tax processing number – resembling a Social Security number – that starts with the number nine. The Internal Revenue Service issues ITIN cards to individuals who are ineligible for a social security number.

Because both residents and nonresidents can have U.S. tax payment responsibilities, you can receive an ITIN card regardless of immigration status.

If you are interested in home ownership but are not eligible for a social security number, the first step is to obtain an ITIN card. Visit the IRS website for more information about how to obtain an ITIN card, as well as form W-7 to apply for an ITIN number

Step 1: Inquiry

  • Connect with one of our mortgage loan experts to start the process. You can find us online, send an email, or call us. Our loan officers are all listed on the mortgage website. When you work with Sunrise Banks, you will have a dedicated loan officer throughout the mortgage loan process.

Step 2: Pre-Approval

  • Our mortgage team will send you an electronic pre-approval application.
  • This step counts towards your credit score as a credit inquiry.  A credit inquiry may affect your credit score.
  • Documents for you to complete:
    – Mortgage loan application including a credit check
  • Sunrise Banks will send you:
    – Pre-application package including the estimated closing cost, welcome letter, and a pre-approval letter

Step 3: Find Your Dream Home

  • Now is the time to explore homes and put in an offer based on your pre-approval loan amount.

Step 4: Offer Accepted

  • Congratulations, your offer was accepted for a home!
  • Now, our mortgage team will send your electronic disclosure forms to complete (called a TRID application). You can also complete these forms with your loan officer.

Step 5: Home Appraisal

  • A standard appraisal of the house is required from Sunrise Banks before moving forward with the loan. An appraisal will determine the market value of the home.
  • Sunrise will charge a $450 appraisal fee.
  • Note that appraisals may take time (approximately two to three weeks).
  • Documents ordered by your Sunrise Banks’ Processor:
    – Title order
    – Verification of Employment
    – Flood Certification
    – Verification of Rent

Step 6. Loan Processing

  • Once the appraisal is in progress or scheduled, the processing team will reach out to introduce themselves and gather more documentation needed to complete the loan.
  • Documents to gather:
    – Gift of Equity (if applicable)
    – Income Statements
    – W2
    – List of Assets Owned
  • During this time, your mortgage loan officer will also schedule your loan closing date.

Step 7: Loan Underwriting

  • During the previous loan processing and underwriting steps, your mortgage team compiles all the necessary documents to close on your home loan.
  • Your mortgage loan officer will provide weekly updates on your loan status.
  • Once underwriting is complete, you will be conditionally approved for your loan (which can take up to 72 hours).

Step 8: Closing Preparation

  • Your loan has officially been approved!
  • The mortgage title company will confirm what you should bring to your upcoming closing date.
  • Items needed:
    – Cashiers Check for the amount needed at closing
    – Customer signs Final Closing Cost Disclosure

Step 9: Closing Day

  • Welcome to your new home!
  • On closing day, you will sign your final loan disclosure documents.
  • Your realtor will have your keys ready for your first steps through your new front door. Welcome home!

While the first few steps of the process are varied, including the time to find a home, a loan closing takes about 30-45 days from the accepted offer on the house.

Sunrise Success Stories

“I had a really good experience with my loan officer and I’ve recommended her to two others! I like that Sunrise won’t sell my loan.”

“Process went smoothly and according to schedule in this very crazy time.”

“There is a personal touch and also quick to get a response.”

– Sunrise Banks Customers, MN
Start the Process

Why people love working with Sunrise

At Sunrise, we work with you throughout the entire process of your loan, from inquiry to close, and you will have a dedicated loan officer for all questions along the way.

On top of our premium service, we have a purpose-driven mission. We believe in building strong communities with socially responsible and sustainable banking services and products. Sunrise Banks is a proud Certified B Corporation, a designated Community Development Financial Institution, and a member of the Global Alliance for Banking on Values.

What makes Sunrise different?

  • Our loan officers are bilingual in English and Spanish.
  • We work with you to build credit, if needed, through our Credit Builder
  • Your loan stays in our books and won’t go to another lender after you close on your home.
  • There are no surprises along the way with our transparent process and regular check-ins with your dedicated loan officer. We understand how immigration can make finance complicated.

Start the Process Today!

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