Banks Huge Influence on Home OwnershipOctober 27, 2016 - Author: steph
Owning your own home is one of life’s greatest achievements. The home is most likely a person’s most prized asset as well, but many people never get the chance to own a home. Lack of jobs and a downed economy makes this much more difficult, but the Dallas, TX Area has found the perfect solution and is reinventing the process of buying a home.
Making this idea into a reality has been figured out and Nexbank is leading the way by providing over $50 Million in loan support. Low Income Home Buyers, who wouldn’t have been able to afford a house, now has full financial support. This positive process will extend up to five years and Nexbank takes it even further by offering up to $2,000 in closing costs and additional fees. Nexbank is one of Dallas’ premier banks that provides mortgage, investment, and commercial banking. As of June 2016, the financial center currently has over $3.5 Billion in assets.
Besides Nexbank’s extraordinary feats,Habitat For Humanity and Dallas Neighborhood Homesare playing a key role by bridging the gap among lower income individuals and lenders. These two organization are the brains of the operation. Dallas Neighborhood Homes is a non-profit mortgage banker that facilitates the home buying process and Habitat For Humanity apply the strategic planning, knowledge, and vision of the process. This tree-way partnership is setting new standards in an ever competitive market. Low Income families in specific Southern Dallas zip codes can now have a place to truly call home. This is a newer and better process that the entire country should model itself after.
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