PrimeLending Announces Neighborhood Closing Assistance Program

DALLAS, May 11, 2015 /PRNewswire/ -- National residential mortgage lender PrimeLending, a PlainsCapital Company (NMLS: 13649), announces the launch of the Neighborhood Closing Cost Assistance Program, designed to promote homeownership through closing costs assistance. Once program funds are depleted, the program will end.

Highlights:

• Eligible loan types: Conforming, Conventional, FHA, and USDA Programs
• Qualified homebuyers may receive up to $1,500 in closing costs assistance based on either of the following criteria:
  • Property must be located in a Low-to-Moderate Census Tract (LMIT); or
  • Homebuyer's income is equal to or less than 80% of the Area Median income for the property location

"As a national mortgage lender, we believe it is vital to take an active role in bridging the gap of homeownership by offering alternative solutions," says Latonia Donaldson, PrimeLending's Vice President and National Director of Multicultural Community Lending. "PrimeLending strives to provide the necessary resources to help make a profound and positive impact in underserved communities."

For more information and complete details about the Neighborhood Closing Cost Assistance program, please contact a PrimeLending loan officer at a branch near you.

About PrimeLending

PrimeLending, a PlainsCapital Company (NMLS: 13649), is a Dallas-based residential mortgage originator with locations in 42 states. PrimeLending was listed in the top 10 for three consecutive years as a top mortgage lender in the nation in purchase units.¹ Offering fixed rate, adjustable rate, FHA, VA, USDA and jumbo loans, refinancing and relocation programs, PrimeLending is licensed to originate and close loans in all 50 states and the District of Columbia. Founded in 1986, PrimeLending is a member of the PlainsCapital Corporation family of companies. PlainsCapital Corporation is a wholly owned subsidiary of Hilltop Holdings, Inc. (NYSE: HTH). Find more information at PrimeLending.com.

Source: ¹As Ranked by Marketrac for purchase units nationally for Jan.-Dec. 2012, 2013 and 2014.

© 2015 PrimeLending, a PlainsCapital Company.  Equal Housing Lender.  All loans subject to credit approval. Rates and fees subject to change. PrimeLending, a PlainsCapital Company (NMLS: 13649), is a wholly owned subsidiary of PlainsCapital Bank and is exempt from mortgage lender licensing in Texas.

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SOURCE PrimeLending

Related Links

http://www.primelending.com