Dallas Neighborhood Homes is a mortgage provider that operates in Dallas, and it offers affordable homes in the areas. The nonprofit mortgage provider partners with Dallas Area Habitat for Humanity. The organization recently announced its partnership with NexBank that aims at providing affordable housing loan program. The objective of the collaboration with NexBank is to provide more than 100 loans annually to families in southern Dallas over the next five years. The loans will be of great impact to low-income residents in southern Dallas.
NexBank SSB is a regional bank based in Dallas. The bank offers up to $50 million in the form of loans with the aim of supporting the expansion of the program by Dallas Neighborhood Homes over the next five years. Dallas Neighborhood Homes intends to use the proceeds to lend low-income people. Low-income homebuyers in Dallas have limited access to mortgages; hence, the nonprofit organization plans to help them purchase homes by giving them loans.
Dallas Neighborhood Homes will also provide counseling services to prepare people for home ownership. They will achieve that through financial counseling services offered by Dallas Area Habitat for Humanity. NexBank will also pay the title fees for closings completed via its affiliate. The bank will also pay $2,000 in closing costs per loan. Mark Tribuna is the vice president of mortgage operations at Dallas Area Habitat for Humanity. Mark expressed his gratitude to NexBank for aiding in making home loans affordable.
The bank offers financial services in three primary business including commercial banking, investment banking, and mortgage banking. NexBank has customized banking and financial services available to individuals, institutions, and corporations nationwide. It also offers online banking services.
The bank has a mission that guides its operations. It is committed to its clients and providing exceptional value at every opportunity. Its services are customized to offering solutions through their team of professionals. NexBank has been serving clients since 1922, so customers are assured of proven track records of success.