Are you trying to purchase a home? Do you live in the Southern Dallas Area of Texas? If so, people in this area will receive mortgage benefits for over a span of five years and it’s known as The Affordable Housing Loan Program. This program is unique (in-a-sense) since most banks in the country aren’t really providing affordable mortgage coverage. The Affordable Housing Loan Program is innovative in nature, but logical in reality. Certain people within specific Dallas zip codes will now be able to find and receive coverage thanks to one of the regions premier banking institutions.
NexBank is a successful powerhouse in mortgage, investment, and commercial banking. As of 2016, the prominent banks had an estimated $3.5 Billion in assets in which $50 Million of that will be going toward loan support. Over the next five years this program should have enough financial backing to achieve the end goal of 100 mortgages per month. NexBank is also funding an extra $2,000 for closing costs. Name another bank who would do all of this without wanting some type of recognition or publicity. The bank’s financial backing will directly address the main problem which is mortgage support.
Habitat For Humanity and Dallas Neighborhood Homes will are adding their specialties to the mix as well. They are the glue that holds the entire operation afloat and together. Being such wonderful home builders and mortgage providers; these two non-profit organizations will assist NexBank throughout the entire five year process. Families residing in specific Southern Dallas zip codes will now finally get a chance to own something of their own and owning a home is one of life’s greatest treasures. Hopefully this will become a model for the rest of the country and possibly help those other deserving areas who face the same issue.