Black owned Mortgage Companies

A mortgage company is a financial institution whose main activity is to grant mortgage loans. A mortgage company can be a credit union, a chartered bank, or other financial institution whose primary job is to provide mortgage loans to their customers. Typically, the mortgage company is the original source of the loan, and these companies may seek financing from the original mortgage lender in order to obtain capital to finance the mortgages they are selling.

Liberty Bank

Liberty Bank is the third largest bank in Connecticut and is the oldest mutual savings bank in the United States. The establishment is based in Middletown. Throughout the state, the bank has 60 bank offices.

Among black-owned banks, Liberty Bank has managed to cast a wide net. Therefore, the services offered by the bank are very accessible to many black mortgage lenders in the United States. Aside from mortgages, other services offered by the bank include savings, cash management, current accounts, electronic services, etc. Some of the loans offered by the bank are the home equity loan, line of credit, and commercial real estate loans.

Legacy Home Loans

Legacy Home Loans is a Black-owned mortgage company based in Las Vegas, Nevada. The company's goal is to help and empower the African-American community throughout the United States to build sustainable wealth through home ownership to leave a powerful family legacy. Some of the loans offered by the bank include FHA loans, conforming loans, etc.

Alamerica Bank

Alamerica Bank is a Black-owned bank dedicated to serving underserved communities. The bank prides itself on offering personalized services to its customers, regardless of their origin. Among the services they offer are lines of credit, working capital, loans for lots, etc. In 2014, the entity was listed as the institution with the highest capitalization in Birmingham.

Broadway Federal Bank

Broadway Bank is a Black-owned bank based in Los Angeles, dedicated to providing financial services to underserved communities. Some of the services offered by the bank are savings accounts, checking accounts, money market accounts, etc. The institution has championed equal services by focusing on serving underserved communities since 1946. The institution is also a member of the FDIC.

Carver State Bank

Carver State Bank was founded on February 23, 1927. Initially, it was known as the Georgia Savings and Realty Corporation. Originally, the institution served as a private banking and real estate investment and management company for the founder, Louis B. Toomer, and his friends.

Carver became a full-service commercial bank in 1962 and that's when the bank's name also changed. Some of the services offered by the company are direct deposit, money orders, funds transfer, etc.

Citizens Trust Bank

Citizens Trust Bank was founded in 1921 with the goal of serving Atlanta's African-American population. To this day, the institution continues to financially empower the communities of Atlanta, Georgia; Birmingham, and Eutaw, Alabama. Among the services offered by the institution are checking accounts, residential mortgages, cash management, business services, etc.

One United Bank

One United Bank is the largest black-owned bank in the United States. His goal is to empower the black community to close the racial gap that currently exists. Thanks to their active presence, the US Department of the Treasury awarded them the highest Bank Enterprise award and they were named a Community Development Financial Institution or CDFI. Some of the services they offer are mobile banking, single-family residential loans, etc.

Industrial Bank

Industrial Bank has been serving large and small businesses, homeowners, and customers with personal bank accounts since 1934 in the Washington DC community. They are still supporting black people in their quest for home ownership. Some of the services offered by the bank are current accounts, savings, and investments, mortgages, etc.

Seaway Bank

Seaway Bank was founded in 1965 and is one of the largest black-owned banks in the United States. The bank was created as a result of the discriminatory practices and policies of other institutions in terms of equality when providing financial services. Among the services offered by the bank are mortgage loans, mobile banking, home equity lines of credit, etc.

City National Bank

City National Bank is a bank focused on creating and delivering personalized banking services and experiences to its customers. The bank has also played an important role in the development of black urban communities. The bank offers a wide variety of services and some of them include checking accounts, savings, estate planning, etc. They offer their clients good interest rates and a great customer experience, making them a reliable choice.

Bay Street Capital Holdings

Bay Street Capital Holdings is an independent investment advisory, wealth management, and financial planning firm based in Palo Alto, California. They manage portfolios with the objective of maintaining and growing total assets and income with a high priority on managing total risk and volatility. Although many advisors focus on maximizing returns, they place a higher priority on total risk and volatility management.

Our founder, William Huston, founded Bay Street after 13 years of supporting America's largest ($650 billion) retirement plan, the Thrift Savings Plan. He is recognized as one of Investopedia's Top 100 Financial Advisors for 2021. In California, only two Black-owned firms out of a total of nineteen received this recognition. At Scottsdale Arizona, Ekenna Anya-Gafu CFP, AAMS is recognized among the Top Financial Advisors for her responsiveness, friendliness, helpfulness, and detail. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs. In 2021, Bay Street was selected as a finalist out of more than 900 firms across the United States in the Asset Manager for Corporate Social Responsibility (CSR) category.

Top 10 Black Owned Banks in the United States