Dallas Bank and Local Charities to Provide Affordable Home Loans

As a mortgage lender, Dallas Neighborhood Homes is looking forward to helping low-income people in Dallas, TX, buy homes at affordable prices. This nonprofit organization has an entire division that is dedicated to giving reduced loans on residential real estate. Dallas Neighborhood Homes is also working closely with the Dallas Area Habitat for Humanity in order to support a five-year initiative that’s called the Affordable Housing Loan Program. Each year, more than 100 families will be lucky enough to receive affordable loans for homes in Dallas.

As a financial firm with a rich heritage in Dallas, NexBank is also excited about supporting affordable housing plans in the city. This bank is generous enough to dedicate up to $50 million in loans that will be given out through Dallas Neighborhood Homes. Additionally, NexBank might be able to help home buyers with some hefty closing costs for titles, deeds and other similar legal documents.

The head of mortgage operations at the Dallas Area Habitat for Humanity is truly thankful for the commitment that NexBank will make over the next few years. Mark Tribuna believes that his nonprofit organization will change some unfortunate statistics in Dallas. In a press review, he clearly emphasized that the Dallas area has a very low percentage of home ownership compared to other major regions in Texas.

NexBank has been serving the city of Dallas since the early 1920s. This regional bank offers a variety of personal banking options such as checking and savings accounts as well as mortgages. Additionally, NexBank offers investment banking solutions for enterprises in Texas and other parts of the American Southwest. This financial institution carries a diverse investment portfolio with a solid balance in commercial and personal banking. NexBank boasts well over $3 billion in total assets that are stored in various financial packages.

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http://www.prnewswire.com/news-releases/nexbank-partners-with-dallas-neighborhood-homes-to-expand-affordable-home-ownership-in-southern-dallas-300324115.html