Nexbank is a Dallas-based regional bank that is offering up to 50 million dollars in loans. Dallas Neighborhood Homes is a nonprofit mortgage servicing provider, working in partnership with the Dallas Area Habitat for Humanity. They are offering an Affordable Housing Loan Program to southern Dallas families. Nexbank’s contribution will help support the expansion of the Dallas Area Habitat for Humanity over the next five years and Dallas Neighborhood Homes will now be able to lend to low-income homebuyers with a certain amount of access to mortgages . Nexbank will also pay all title fees for closings made through its affiliates and up to $2000 in closings costs per loan. Nexbank SSB has made affordable home ownership possible for many people. North Texas now has one of the lowest ownership rates in the nation. Nexbank is helping lower-income families become more independent by possessing their own homes in the North Texas community.
Nexbank has assets of $3.5 billion as of June 30,2016 and also a charter dating back to 1922. NexBank is part of a larger institution, Nexbank Capital, INC., a financial services company that provides commercial, mortgage and investment banking. It also offers corporate services to large corporations, real estate investors, middle-market companies, small businesses and banks as well as large institutional clients.
Nexbank is there for the long-term needs of its clients, offers comprehensive pricing, quick turnaround times, flexibility and capable service brokers and provides conforming, non-conforming, government and jumbo loans. NexBank also provides warehouse lines of credit across the nation and doesn’t have a retail division, so the company doesn’t compete with its clients. Nexbank is competitive and capable in today’s market. It’s a company that is helping grow and strengthen the community for a better future.