When Eugene F. Foley (Gene) opened his small mortgage loan office on Lincoln Avenue in 1957, he had no idea of the enormous impact that his company would have on so many lives for so long. Gene arranged home loans for families, financed small businesses with real estate loans and offered income to grateful investors.
He was a fixture on Lincoln Avenue in Willow Glen (San Jose) for more than 30 years. Gene was a community leader with a reputation of honesty and integrity.
E.F. Foley & Co. flourished throughout the 60’s and 70’s, eventually incorporating in 1980. By 1989, E. F. Foley & Co., Inc. had outgrown its Willow Glen office and moved into a new office on The Alameda in San Jose. By then, Pam Foley, Gene’s daughter-in-law, had been working at E. F. Foley & Co., Inc. for several years as a loan officer.
Loans We Offer
Hard Money Loans (Private Money)
Loan brokers and borrowers often turn to Hard Money Lenders (private money) for transactions that fall outside of the more restrictive, conventional loan programs offered by banks.
Ready to purchase a home? Wondering if a refinance makes sense? Let Foley Mortgage guide you. Family run, Foley Mortgage has been helping people finance homes since 1957.
Conforming loans meet Fannie Mae and Freddie Mac guidelines and have maximum loan amounts of up to $970,800 (high balance 2022) in many counties.
Adjustable Rate Mortgage (ARM)
If you are planning to move or refinance in the next 5 to 7 years, an ARM could save you thousands of dollars over a traditional fixed rate loan.
To accommodate those of us who live in these high cost areas, Foley Mortgage offers jumbo loans with loan amounts above the conforming amount.
Federal Housing Administration
FHA insured programs offer loans with as little as 3.5% down. A borrower may qualify with the help of a non-occupant co-borrower such as a parent.
A reverse mortgage allows you to tap into the equity of your home and take cash out, in the form of a monthly check. Use this money for bills or living expenses with no monthly mortgage payments.
Thank You For Your Service. A VA loan is a mortgage loan guaranteed by the Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties and new construction.