Bank in Partnership with Dallas Neighborhood Homes Offers Affordable Home Ownership to the People of Southern Dallas

Headquartered in Dallas, NexBank Capital is a financial services institution that operates through three core businesses—Investment Banking, Commercial Banking, and Mortgage Banking. NexBank is the 16th biggest bank in Texas and the 266th largest in the nation. It mainly offers customized banking and financial services to leading financial institutions, corporations, institutional clients, and individuals nationwide. It also offers mortgages, savings accounts, commercial checking accounts, personal checking accounts, mobile banking, treasury management and internet banking.

Through industry leadership as well as a commitment to clients, Nexbank aims at delivering exceptional value at every chance. It provides its customers with unparalleled access to advanced and custom-tailored solutions given by experienced professionals that have proven track record of success.

The Nexbank Capital was established in 1934. By June of 2016, the bank had grown to 3 locations and 89 employees. With an A health rating, the bank’s money market are twice the national average.

It’s partnership with Dallas Neighborhood Homes

Nexbank is set to provide loans of up to $50 million in support of the expansion of affordable homes program in Dallas. The news was made on 7, 2016 by Dallas Neighborhood Homes. This is a nonprofit mortgage servicing institution with whom Nexbank is partnering with. Their goal is to offer 100 or more loans per year for the next five years. These loans are to be given to the low-income locals in specific locations in southern Dallas.

With this program, low-income homebuyers with little access to mortgages will have a chance to own a home. Dallas Neighborhood Homes will also partner with Dallas Area Habitat for Humanity to offer counseling services to prepare these individuals for home ownership.

Other than providing mortgage-lending capital, NexBank is also set to settle all title fees for the closings done through its affiliate and up to $2,000 of closing costs per loan.

In his statement, Mark Tribuna, the Senior Vice President of Dallas Mortgage Operations, showed his gratitude to Nexbank for its contribution in making affordable home ownership a dream come true to those who needed it.

By being able to own homes, homeowners improve the quality of life while enhancing their kids’ chances for a better tomorrow.