National mortgage lender and servicer Planet Home Lending has opened a new branch in Dallas, continuing the Connecticut-based company’s expansion of retail operations nationwide.
Planet Home Lending said the Dallas team will be led by Retail Branch Managers Tim Nolan and Jerry Frye and Assistant Branch Manager Jim Loughborough. It said they run a hands-on team of professionals committed to building a relationship-driven, boutique-style business to deliver personalized attention to each and every client.
Planet Home Lending Retail Dallas Branch Manager Tim Nolan [Courtesy photo]
“Like other major markets around the country, the Dallas market has slowed in the last year, but we expect to see activity pick up in 2023,” Nolan said in a statement. He said that Zillow recently ranked Dallas No. 4 on its list of hottest housing markets this year.
“With Planet’s comprehensive suite of lending solutions, we can support more people on the journey to homeownership,” Nolan said. “Whether it’s down payment and closing costs assistance for first-time homebuyers, buydowns that temporarily lower the effective interest rate for move-up buyers, or no money down loans backed by USDA and VA, Planet Home Lending has the tools to thrive in today’s real estate market.”
Planet Home Lending said its Dallas team also serves real estate investors with special landlord loans based on rental cash flows rather than borrower income.
“Those can offer efficient financing for cashing out equity for upgrades or to purchase more investment properties,” Nolan said.
Michael Dubeck, CEO and President of Planet Financial Group, parent of Planet Home Lending, said in a statement, “The Dallas team has decades of local experience and they are a terrific addition to the Planet family. They are deeply committed to offering support and industry knowledge on the road home.”
The company said it is committed to giving back to the planet, people, and local communities through its Planet With a Purpose social responsibility platform.
In the past four years, Planet said it has funded the planting of nearly a quarter million trees in the nation’s National Forests, moved 70 million pounds of food to hungry families, and endowed a scholarship for military service members.
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