Nation’s Largest Black-Owned Mortgage Company Expands to Increase Black Homeownership in the U.S.
Legacy Home Loans has opened three new branch locations in the cities of Baltimore, Maryland, Charlotte, North Carolina, and St. Louis, Missouri.
The founders of Legacy Home Loans, a Black-owned mortgage banking firm headquartered in Las Vegas, Nevada, have opened three new branch offices in Black and minority communities as they continue to make good on their commitment to empowering African American communities throughout the United States. “We have a focus on building sustainable wealth through homeownership and leaving family legacies,” said Ben Slayton, the president and CEO of the company.
Their new branch office located, in Baltimore, Maryland is headed up by Stephen Trye, a lifetime resident of Baltimore since he was 5-years old. Stephen brings over 13 years of experience to the mortgage banking and real estate industry. He holds a Bachelor of Science in Business Administration from the University of Baltimore and he has very strong ties to the Baltimore Community, which he loves. He is an advocate in the education of families on financial health through homeownership and stays true to his passion through service to his community, employees, and ultimately his clients.
Their second new branch is in Charlotte, North Carolina. This branch is headed up by Netfa Wray, a 20-year residence of Charlotte. Netfa has over 20 years of mortgage experience including loan processing and underwriting which allows him to guide his clients through every step of the mortgage process as a loan officer and branch manager. He takes pride in educating and informing each client of all possibilities, so they all will make the best decisions. Netfa is an active member of the community and calls Charlotte his home as if he were a native.
Their new branch office located, in Baltimore, Maryland is headed up by Stephen Trye, a lifetime resident of Baltimore since he was 5-years old. Stephen brings over 13 years of experience to the mortgage banking and real estate industry. He holds a Bachelor of Science in Business Administration from the University of Baltimore and he has very strong ties to the Baltimore Community, which he loves. He is an advocate in the education of families on financial health through homeownership and stays true to his passion through service to his community, employees, and ultimately his clients.
Their second new branch is in Charlotte, North Carolina. This branch is headed up by Netfa Wray, a 20-year residence of Charlotte. Netfa has over 20 years of mortgage experience including loan processing and underwriting which allows him to guide his clients through every step of the mortgage process as a loan officer and branch manager. He takes pride in educating and informing each client of all possibilities, so they all will make the best decisions. Netfa is an active member of the community and calls Charlotte his home as if he were a native.
And their third new branch is in St. Louis, Missouri. This branch is headed up by James Gardner, a 30-year veteran of the real estate/mortgage industry. James considers himself a forever student eager to build on his knowledge of the mortgage industry and he absolutely loves educating his clients to allow them to be informed while making what could be the most important financial decision in their life of becoming a homeowner.
Slayton’s commitment for Legacy Home Loans is to lend “One Billion Dollars” in mortgage loans to African American homebuyers by 2023. Thereafter, to lend one billion dollars or more every year to our people. They are opening new branch locations in every metropolitan city in the United States that has 25% or more African American population. And, by hiring local mortgage professionals in their communities and giving them the tools, loan programs, and resources, so they can compete head-to-head with any mortgage lender in the United States. Today LEGACY Home Loans have branch offices located in, Los Angeles, and Oakland, CA, Atlanta, and Tucker, Georgia, Dallas, and Houston, TX, Las Vegas, Nevada, Chicago, Illinois, Columbia, South Carolina, and now, in Baltimore, Maryland, Charlotte, North Carolina, and St. Louis, Missouri.
Slayton pointed out what makes Legacy different from other mortgage companies is, when their branch offices become successful, they take the profits from those branches and open new branches in our communities, hiring local people in our communities, and helping to recirculate the money within our Black communities.
(Editor’s Note: This article first appeared in Black News)