Eugene Foley (Gene) recognized a need in his community. He saw that homeowners had created home equity, but had no way to use cash from that equity. Through his network, he found private investors willing to make loans to these homeowners. These loans were usually small, second mortgages behind fixed, 30 year bank loans. They were costlier than traditional bank loans and nicknamed “hard money loans”. Gene soon opened E. F. Foley & Co., a small mortgage office on Lincoln Avenue in Willow Glen. From this location, he arranged home loans for families, financed small businesses and offered income to grateful investors. By 1989, E. F. Foley & Co., Inc. had outgrown its Willow Glen office and moved into a new office on The Alameda. 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. In 1993, after 36 years in business, Gene sold his company to Pam and his son, Mike. They continued to grow the business and began offering traditional 15 and 30 year fixed mortgage home loans. Today Foley Mortgage continues to make hard money loans, but the rates and points are only a fraction of what they once were. Still owned by Mike and Pam Foley, Foley Mortgage is dedicated to fulfilling all of your financing and real estate needs. The staff is friendly, dependable and professional; qualities you would expect from a company that has been around for over 60 years
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154
