Owning a home is the American dream for most logical individuals. The home is where most people tend to spend the majority of there time, protects us from the elements, and provides safety. Unfortunately many hard working and deserving people never get the chance to own their own home and are stuck in a life of poverty. Thanks to the Affordable Housing Loan Program, many families in specific Southern Dallas zip codes will finally get that chance to own something of their own. (Read here: http://www.prnewswire.com/news-releases/nexbank-partners-with-dallas-neighborhood-homes-to-expand-affordable-home-ownership-in-southern-dallas-300324115.html)
Habitat For Humanity and Dallas Neighborhood Homes are partnering with Nexbank to make this dream a reality. The two non-profit organizations has the knowledge and know how to get things done effectively and have similar qualities of a “middle man” in this agreement. On the other hand NexBank will be the muscle of the operation and is providing up to $50 Million to support these loans. Being such a prominent and successful financial institution, Nexbank is offering to cover the closing costs and additional fees. This style of mortgage lending will give families the opportunity to finally own a home of their own that’s increases the quality of life.
NexBank is doing what no other banking institution wouldn’t do especially times of a sluggish economy. Having over $3.5 Billion in assets, this premier local bank is raising the bar and setting new standards in the industry. The bank specializes in commercial, investment, and mortgage banking, which is “right of their alley.” Over a five year period the goal is to provide over 100 loans or more, which can be a daunting task, but these three organizations are taking on the challenge and making a huge difference in people’s lives.