Owning your own home is the American Dream for most people. Nothing gives off a better sense of pride than owning a home. Unfortunately, working in a sluggish economy makes you feel like you’re spinning your wheel without making any progress. Individuals and families in lower income areas might feel like hope is lost, but for people living in specific Southern Dallas zip codes, the dream of homeownership is a reality. Read Original Article: http://www.prnewswire.com/news-releases/nexbank-partners-with-dallas-neighborhood-homes-to-expand-affordable-home-ownership-in-southern-dallas-300324115.html
Mortgage coverage at this point in time can be a pitfall for many people especially those who have limited access to mortgages. Even well qualified people can have issues, but NexBank is working in partnership with Dallas Neighborhood Homes and Habitat For Humanity for the perfect cause. NexBank will be providing up to $50 Million in support for loans. The program will last about five years and the goal is to provide over 100 loans or more each year to families with limited mortgage access. (Habitat) & Dallas Neighborhood Homes are filling the gaps with their services of support and counseling while NexBank is handling the huge financial assistance that’s needed to make this a success.
With over $3.5 Billion in assets, NexBank is one of the prominent and successful banking centers in the Dallas Area. The bank specializes in mortgage, commercial, and investment banking which fits in perfectly with the (AHLP). Low Income families now a much higher chance of qualifying for a mortgage that meets their needs. A better quality of life is also an end goal for adults and children. The model of this program lacks flaws and should be used as tutorial of how to get things done.