Nexbank is helping Dallas Neighborhood Homes and Dallas Area Habitat for Humanity offer mortgage loans to low-income residents in Southern Dallas. The bank is providing as much as 50 million in loans over the next five years. Nexbank will supplement its generosity with additional help to the borrower. They will pay the title fees and an additional $2000 in closing costs.
Dallas Area Habitat for Humanity and Dallas Neighborhood Homes has partnered to give low-income families an opportunity to acquire homes at an affordable price. As the Sr. V.P. of Dallas Area Habitat for Humanity, Mark Tribuna states, “…By putting more families in their own homes, homeowners enhance the quality of their lives while improving their children’s chances for a better future.” Essentially, these groups are investing in the future of Northern Texas.
The other organization, Dallas Neighborhood Homes is a state licensed non-profit mortgage lender that helps home buyers secure mortgage financing. Their company motto exemplifies why Dallas Area Habitat for Humanity created it: “Making the American dream a reality, one home at a time.”
They chose to combine forces with Nexbank, the $3.5 billion regional bank founded in 1922. It’s usually works in the realm of traditional mortgage, commercial and investment banking and operates in an advisory capacity to corporations. It also has some large institutional clients investing in the capital markets. Its remaining clients are comprised of small businesses, middle-market companies, real-estate investors and other banks.
Nexbank saw what was happening in Dallas as an opportunity for it to put into practice one of its most prized beliefs as a trusted partner to families and individuals. They believe in helping their clients develop strategies for managing cash flow and creating ways to grow their wealth even in today’s challenging economy.
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