|TN Tribune—The founder of Legacy Home Loans, a Black-owned mortgage banking firm headquartered in Las Vegas, Nevada, has recently opened three branch offices in Black and minority communities. |
As Legacy Home Loans continues to make good on its commitment to empowering Black and minority communities throughout the United States, “we are focused on building sustainable wealth through homeownership and family legacies,” said Ben Slayton, the president and CEO of the company.
The Maryland branch office in Baltimore, is managed by Stephen Trye who has over 13 years of experience in the mortgage banking and real estate industry.
The North Carolina branch Office in Charlotte, is managed by Netfa Wray, who has over 20 years of mortgage experience including underwriting and loan processing. The Missouri branch Office in St. Louis, is managed by James Gardner, a 30-year veteran in the real estate/mortgage industry.
Ben Slayton’s commitment for Legacy Home Loans is to lend “One Billion Dollars” in mortgage loans to African American and minority homebuyers by 2023 and every year thereafter. Legacy Home Loans plans to open new branch locations in every metropolitan city in the United States that has 25% or more African American and minority population.
Legacy Home Loans plans to hire local mortgage professionals in these respective communities and give them the training tools, loan programs, and resources, so they can compete 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 Baltimore, Maryland, Charlotte, North Carolina, and St. Louis, Missouri.
“The word “LEGACY” has a special meaning to African Americans. It speaks to our ardent desire to provide and to leave sustainable wealth for our families.
Most American’s wealth is derived from the equity from homeownership. Today, African American homeownership is at a historical low of only 44% (meaning, only 4 out of every 10 African Americans own the home they live in).
“If we work together, we can increase that 44% to something close to where the white population is at 74%, that is a 30% homeownership gap and Legacy Home Loans intends to help eliminate this 30% homeownership gap. We need to start building sustainable wealth through homeownership and start leaving legacies for our families,” Slayton said.
Ben Slayton has been a leader in the African American community since he be came the first African American realtor in America in 1964. Since then, he has started, built, and sold several successful businesses in the real estate and mortgage industry.
He is presently the President and CEO of Legacy Home Loans. He also serves as a member of the board of direc-tors of Panorama Mortgage Group, LLC. For more information about Legacy Home Loans, visit the company’s website at MyHomeLegacy.com or call (702) 425-3374.