Nexbank SSB, in partnership with Dallas Neighborhood Homes and the Dallas Area Habitat for Humanity, announced that it will expand affordable housing by offering 100 or more loans per year for low-income residents of southern Dallas. Nexbank plans to offer $50 million worth of loans over the next five years to help expand affordable housing. The partnership between the organizations is an effort to help individuals who would otherwise not have access to traditional mortgages. Nexbank also plans to pay up to $2,000 in closing costs on each loan along with the title fees.
Nexbank SSB is a division of Nexbank Capital, which is a financial services company that serves corporate, institutional and individual clients. At the end of 2015, Nexbank SSB reported total assets in excess of $2.6 billion and a net income in excess of $57 million. The company continues to report sustainable profitability and superior asset quality.
Nexbank is rated as a superior bank due to its earnings, assets and overall liquidity, as reported by Bankrate. The bank was given a composite star rating of five in 2015 with a safe and sound rating. The company continues to report strong growth on its equity capital and the bank exceeds the requirements on its total risk-based capital position. Nexbank SSB is headquartered in Dallas, Texas.
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