Thanks to Dallas Neighborhood Homes and the Dallas Area Habitat for Humanity, low-income people in Dallas, TX, might be able to finally afford their own homes. For the next five years, both of these charitable organizations will support the Affordable Housing Loan Program. Every year, over 100 families will be chosen to receive financial assistance for the purchase of homes in one of the biggest cities in the Lone Star State.
As one of the leading financial institutions in Dallas, NexBank is excited to help Dallas Neighborhood Homes and the Dallas Area Habitat for Humanity. This bank plans to set aside a maximum of $50 million for the Affordable Housing Loan Program that has been launched by these nonprofit groups. It’s worth noting that both organizations actually have their own divisions that offer mortgages and other financial services to consumers. Therefore, NexBank is simply going to provide the funding that’s needed to support the affordable housing solutions that are offered by these organizations. Additionally, NexBank plans to cut some of the closing costs that come with the purchase of a home. Every eligible family can expect to get up to $2,000 to cover the title and other legal documentation that must be executed during the purchase of residential real estate.
Dallas has one of the lowest rates of home ownership in Texas. A lot of the city’s low-income residents will finally be able to afford their own homes thanks to NexBank and its partners.
NexBank has a rich heritage in banking that dates back to the 1920s. This bank has been proudly serving multiple generations of Dallas residents. NexBank has always taken pride in providing affordable financial services and products on a regional scale. In addition to offering mortgages and checking accounts, NexBank provides a variety of corporate-oriented solutions such as investment banking and capital management.
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