Dallas, Texas will be looked at as a visionary and a revolutionary in the mortgage industry after about five years. Big things are in the works as this affluent city is taking on one of it’s biggest challenges in years.Dallas Neighborhood Homes and Habitat For Humanity have teamed up to provide many deserving families in certain zip codes of the city, a home of their own. The non-profit mortgage service provider and home builder have put together a plan to ease some of the city’s burdens. They are the brains of the operation as well as the heart and soul. For such an ambitious project to tackle, financial support is needed and one of Dallas’ leading financial institutions will be stepping to the plate.
NexBank, a regional banking center in the Texas Area, is jumping in the ring and partnering with the two non-profit organizations and providing families with limited mortgage access, the funds that are needed for securing a new home. NexBank is more than qualified since the institution has well over $3.5 Billion in total assets to date. Mortgage, investment, and commercial banking is what this institution specializes in and they’ve been doing this for a number of years. Nexbank would be considered the muscle of the operation and backs itself up with over $50 Million in loan support. Since the project will span for about five years, this bank will include coverage for closing costs as well as additional fees.
Three of the best industries coming together and working as one epitomizes the essence of Dallas thanks to Nexbank. Now adults and children will have a much higher quality of life while living in their very own home. This should also be a wake up call for the rest of the nation as this model is a recipe for success.