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Reverse mortgage keeps senior couple in their home of 35 years

Loan officer: John Holmgren Property: Single-family home in Oakland Property value: $950,000 Loan amount: $393,514 Financing terms: FHA HECM adjustable rate reverse mortgage at 3.276 percent. Backstory: Holmgren’s clients had been in their Rockridge home for almost 40 years. While they had purchased the home for only $35,000 in 1977, they had borrowed against their equity for home repairs and to fund their business as foreign language book dealers. One option was selling, but their existing home was perfect for them because of close proximi...

April 3rd, 2018 | Just Approved, Reverse Mortgage, Bay Area, Reverse mortgage keeps senior couple in their home of 35 years

Buying in the Bay Area | Home Buyer Class

Event DescriptionIs this your first time buying a home?  You are the type of person that wants to do it right?  It’s not easy to purchase a home in a hot market, but that doesn’t mean it’s impossible, especially when you begin the process well informed. To help you get a leg up in this competitive market, and get your finances in order, we’re bringing our monthly crash course on the basics of buying a home to Impact Hub.You’ll get solid advice from a team of pros in a setting that is far more relaxed than your last crowded open house.Here’s what yo...

January 14th, 2016 | Bay Area, events, first time home buyers, home buying, Millenials, purchase, Brenda Wyatt, home prices, Buying in the Bay Area | Home Buyer Class

Millenials and Home Buying in the Bay Area

Millenials and Home Buying In the Bay Area there are many people who fall under the Millenials age range. These are also the people which comprise much of the tech industry and higher income brackets.  Though many are in the position to purchase a home they feel unsure due to a few factors;  Affordability - many are unaware of first-time home buyer loans and down payment assistance programs. Holmgren + Associates has access to many of these options for  younger clients.    Credit/Taxes - school debt is a big part of Millenial debt and many think tha...

April 14th, 2015 | home buying, Bay Area, Millenials, purchase, first time home buyers, Millenials and Home Buying in the Bay Area

Bay Area Home Sales Increase in December

The year ended on an upswing for the Bay Area! December sales stats show month-over-month and year-over-year sales gains. Price appreciation dipped lower overall in 2014, but the median sale price was still nearly 10 percent higher than it was the same time a year earlier. A total of 7,456 new and resale houses and condos sold in the nine-county Bay Area in December 2014. A rise in sales from November to December is normal for the season. Bay Area sales have risen an average of 9.6 percent between those two months since 1988. The median price paid for a home in the Bay Area was $603,0...

January 15th, 2015 | Bay Area, home buying, Bay Area Home Sales Increase in December

Holmgren and Associates

DBA of Finance of America
1900 Mountain Boulevard
Oakland, California 94611
Phone: 510-339-2121
NMLS 0910184/1071
 

Holmgren & Associates is a branch of Finance of America. We are a full service mortgage banker with an experienced staff offering expertise in residential mortgage lending, with primary focus on loans for home purchase, refinance, and reverse mortgages.

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©2019 Holmgren & Associates is a division of Finance of America Mortgage LLC |Equal Housing Opportunity | NMLS ID #1071 (www.nmlsconsumeraccess.org)| 300 Welsh Road, Building 5, Horsham, PA 19044 | (800) 355-5698 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act
Questions, comments, concerns? Send to customerrelations@financeofamerica.com 

This is not a commitment to lend. Prices, guidelines and minimum requirements are subject to change without notice. Some products may not be available in all states.  Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.  Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency.  A preapproval is not a loan approval, rate lock, guarantee or commitment to lend. An underwriter must review and approve a complete loan application after you are preapproved in order to obtain financing.  Questions, comments, concerns? Send to customerrelations@financeofamerica.com