Legacy Home Loans to help increase African American homeownership

Industry veteran Ben Slayton will lead Legacy Home Loans in its national expansion

by Deja Wargo-Cole

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Ben Slayton

Las Vegas, Jan. 29, 2019Alterra Home Loans, one of the largest minority-owned mortgage companies in the U.S. and a national mortgage lender focused on serving underserved markets, announced today that its Legacy Division will be renamed Legacy Home Loans, and it will remain under the direction of President Ben Slayton. The new name is designed to focus more on the company’s mission, Slayton said.

“Legacy Home Loans’ mission is to increase African American homeownership so that members of our community can start building sustainable wealth through homeownership. Our company is providing the means for African Americans to leave a legacy for their families. Legacy Home Loans is a name that speaks volumes and directly to that mission,” Slayton said.

Slayton pointed out that the word “legacy” means something special to African Americans. It speaks to our ardent desire to provide and to leave sustainable wealth for our families.

Legacy is already making good on its commitment to help increase African American homeownership thanks to the firm’s recent expansion into Los Angeles, Dallas, Houston, Atlanta, Baton Rouge and Shreveport. We will be opening additional offices over the next year in cities throughout the United States that have a population that is 25 percent or more African American.

Ben Slayton has been a leader in the African American community since he became the first African American Realtor® in America, in 1964. Since then, he has started, built and sold several successful businesses in the real estate industry.

He presently serves as a member of Alterra Group LLC’s senior management committee as well as a member of its board of directors. Read the story he wrote recently for Mortgage Compliance Magazine in which he looks back to 1964, four years before the Fair Housing Act, and describes being the first Black Realtor in the country.

In leading Legacy Home Loans, he will extend the success the company has already enjoyed in the Hispanic market to the African American community.

About Alterra Home Loans

Alterra Home Loans is a minority-owned, top U.S. mortgage bank and the second-largest Hispanic-owned mortgage company in the country. With loan coverage in 39 U.S. states, Alterra strives to represent the underserved in the mortgage industry, specializing in serving underserved communities to help build wealth through homeownership. For more information, visit the company’s websites at http://www.goalterra.com. and http://www.MyHomeLegacy.com.

Deja Wargo-Cole can be reached at dwcole@MyHomeLegacy.com.