Guild Mortgage, based in Kearny Mesa, has acquired Legacy Mortgage, an independent lender based in New Mexico.
Legacy Mortgage has 13 branches in Arizona, New Mexico and Texas and will become part of Guild’s Southwest region.
Terms of the acquisition were not disclosed.
“This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” said Mary Ann McGarry, Guild CEO.
“Legacy Mortgage recently celebrated its 20-year anniversary of providing home financing and our team has always admired the company’s commitment to its employees and customers,” McGarry added. “We are pleased to further grow Guild’s presence in the high-growth Southwest region of the country and the Legacy Mortgage culture aligns well with what we’ve developed at Guild over more than 60 years. Our combined strengths will drive further growth throughout the Southwest.”