PrimeLending Expanded NeighborhoodEdge™ Closing Cost Assistance Program

DALLAS (Jan 7, 2015) – National residential mortgage lender PrimeLending, a PlainsCapital Company (NMLS: 13649), announces the expansion of the NeighborhoodEdge™ closing cost assistance program to a total of 11 states, plus the District of Columbia. The program, originally launched in May 2015 exclusively in Texas helps promote homeownership in low- and moderate- income census tracts and to low-to-moderate income borrowers by offering closing cost assistance.

Given the success of NeighborhoodEdge™ in Texas, PrimeLending has extended the program to cover the following areas:

• Arizona
• California
• Colorado
• District of Columbia
• Florida
• Illinois

• Massachusetts
• Minnesota
• North Carolina
• Nevada
• Pennsylvania
• Texas

“We are so pleased to expand the availability of our NeighborhoodEdge™ closing cost assistance program,” said Steve Thompson, PrimeLending’s Executive Vice President of National Production. “Helping people plant roots as homeowners is something we approach with great responsibility and working with first-time homebuyers is an especially rewarding experience for us.”

Conforming, conventional, FHA, and USDA programs are eligible for NeighborhoodEdge™ closing cost assistance. 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

Once program funds are depleted, the program will end.

“Owning a home is an important part of the American Dream, but can seem out of reach for some people without programs like NeighborhoodEdge™ to make homeownership more accessible by offering alternative solutions,” says Latonia Donaldson, PrimeLending’s Vice President and National Director of Multicultural Community Lending. “At PrimeLending, we take pride in the profound and positive impact programs like this can make in underserved communities.”

For more information and complete details about the NeighborhoodEdge™ closing cost assistance program, please contact a PrimeLending loan officer at a branch near you.