New Mexico Bank & Trust Launches New Home Improvement Loan for Low and Middle Income Consumers

0
27

[ad_1]

New Mexico Bank & Trust continues to support the community with affordable consumer loans at low rates as some national banks move away from consumer lending.

ALBUKERK, New Mexico, July 30, 2021 (GLOBE NEWSWIRE) – New Mexico Bank & Trust working for HTLF (Heartland Financial USA, Inc. – NASDAQ: HTLF) has introduced a new home improvement loan for low and middle-income borrowers. The new loan product is structured to help low to moderate income borrowers gain access to much needed credit.

“We are proud to launch this new lending product to help the communities we serve,” said Greg Leyendecker, President and CEO of New Mexico Bank & Trust. “New Mexico Bank & Trust is committed to meeting the needs of our clients by providing access to credit. The new loan to improve housing conditions will provide loans to those who need it the most. “

The new home improvement loan is secured by the borrower’s primary residence. The loan term is 60 months, the loan amount is from 5,001 to 14,999 US dollars.

This new product is part of a broader New Mexico Bank & Trust and HTLF initiative to help consumers in need of credit. IN Forbes Best Bank significantly increased consumer lending in 2021:

  • Created a new popular Buy Local loan, which provides a loan of up to $ 5,000 for incidental expenses or to complete your next project while shopping at local stores to support your favorite small businesses.

  • Launched a new HELOC promotion in January 2021.

  • In January 2021, he launched a new special program for loans secured by home equity in installments.

New Mexico Bank & Trust’s decision to increase consumer lending came at a time when some of the nation’s larger trillionaire banks announced they would end lending, including ending HELOCs for new loan applicants or terminating their personal lines of credit.

“HTLF is a consortium of local banks in 12 states. We have the size and strength of a larger regional bank, but we work with local leadership and make decisions. This enables us to deliver the products and services our customers and communities need, ”said Kevin Karrels, Executive Vice President, Head of Retail Banking.

About New Mexico Bank & Trust
New Mexico Bank & Trust, a subsidiary of Heartland Financial USA, Inc. under the HTLF brand, is a public bank with over $ 2.4 billion in assets and operates 24 offices located in Central, North and East New Mexico. The bank specializes in business lending and deposit services and provides a wide range of individual credit and deposit services, as well as full e-banking programs. New Mexico Bank & Trust is a member of the FDIC and a peer housing lender.
Visit www.nmb-t.com To learn more.

About HTLF
Heartland Financial USA, Inc., operating under the HTLF brand, is a $ 18.37 billion financial services company. HTLF has banks serving communities in New Mexico, California, Colorado, New Mexico, Iowa, Kansas, New Mexico, Missouri, Montana, New Mexico, Texas, and New Mexico. HTLF is committed to its core commercial business, backed by active retail operations, and provides a diversified portfolio of financial services including treasury management, residential mortgages, wealth management, investment and insurance. Additional information is available on the website www.htlf.com

CONTACT:
Shauna Shannon
SShannon@NMB-T.com

[ad_2]

Source link