If you need assistance, please call 480-365-8346

Valley nonprofit expands home mortgage lending

Monday, April 22, 2019   /   by Juan Grimaldo

Valley nonprofit expands home mortgage lending

Screen Shot 2019-04-22 at 10.20.53 AM.png
(Image: David Cross)
Patricia Garcia Duarte, CEO of Trellis

While the mortgage industry may have gotten a bad reputation prior to the Great Recession by pushing through any loan, one Phoenix nonprofit is taking a different approach to getting people into houses, with a socially conscious bent.

Since 1975, Trellis has focused on neighborhood revitalization and making stable home ownership a reality for Arizona residents.

By the 1990s, the organization added mortgage banking to its services, helping low- and moderate-income buyers through the lending process. Now the nonprofit has created a division called Arboles Home Mortgage Inc. to expand mortgage lending to a wider population.

All of the Arboles profits will go to the Trellis nonprofit, said Trellis CEO Patricia Garcia Duarte.

“We are still doing what we know we do best — making sure people buy within their means,” she said. “We’re interested in the prosperity home ownership brings. It still supports the core of our mission, which is creating sustainable homes and sustainable communities.”

Between 1975 and 2018, Trellis has helped 3,571 families purchase their first home, while building or rehabilitating 316 homes, Garcia Duarte said.

Also during that time, the nonprofit educated or counseled 42,221 families or individuals in financial management and how to buy a home, while originating or facilitating more than 2,000 mortgage loans totaling $149 million.

Plus, she said, the organization has saved more than 4,800 struggling homeowners from foreclosure.

Author: Angela Gonzalez, Senior Reporter, Phoenix Business Journal

Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. March 1, 2021
This site powered by CINC: www.cincpro.com