NexBank announced in September that it will partner with Dallas Neighborhood Homes to bring affordable housing to Southern Dallas. NexBank provides commercial banking, mortgage and investment services, but expands its mission through this newly announced partnership . NexBank also plans to pay for closing costs up to $2,000 per loan. This aligns with NexBank’s mission to provide uncommon value at any opportunity. With help from Dallas Neighborhood Homes and the Dallas Area Habitat for Humanity, NexBank has welcomed the opportunity to help lower-income families improve their living situations through home ownership.
Dallas Neighborhood Homes is a nonprofit mortgage banker. It is a state-licensed banker and was founded by the Dallas Area Habitat for Humanity to bring affordable loans to a diverse Dallas community. Dallas Area Habitat for Humanity will council recipients of the loans on financial management to help impoverished families improve their financial health and quality of life.
Dallas Area Habitat for Humanity’s Mark Tribuna, Senior VP of Mortgage Operations, expressed gratitude to NexBank for helping to make home ownership more accessible to low income families. North Texas has home ownership rates well below the national average, but Dallas Area Habitat for Humanity, Dallas Neighborhood Homes, and NexBank will work to change this statistic.