Fremont is a city in Alameda County, California, that is popular for its excellent mix of urban and suburban lifestyles. It has gone by the name “Tree City” since 1996 seeing as it has approximately 55,000 trees in city parks, streets, and landscaped boulevard areas.

Fremont also played a key role in the development of Hollywood and the American film industry. It is in Fremont where Hollywood was first established, where Charlie Chaplin was made popular, and where the silent film was created.

Aside from its rich history, Fremont also has numerous tourist attractions, such as its Bay Area where you can enjoy some great outdoor activities, Mission Peak Regional Preserve where you can hike through the scenic outdoors, Central Park where you can have a relaxing picnic, and Aqua Adventure Water Park where you can enjoy a fun-filled water adventure.. Fremont also has amazing outdoor landscapes like the Don Edwards San Francisco Bay National Wildlife Refuge, and operates the Olive Hyde Art Gallery, adjacent to Mission San Jose which has featured prominent Bay Area artists like Wendy Yoshimura, the California Society of Printmakers, and the Etsy collective. The public gallery is housed in a former home of Olive Hyde, a descendant of early San Francisco Mayor George Hyde.

Fremont not only has excellent daytime activities, but it is also well-known in providing nightlife scenes. These scenes include the Town Fair Plaza and the Train of Lights, an hour-long trip through Niles Canyon about dressed up antique train cars.

With a 2020 population of 239,525, Fremont is the 16th largest city in California and is currently growing at a rate of 0.36% annually, according to World Population Review. Out of the total population, 21.1% are seniors citizens who call Fremont home. In addition, 61.6% of homes are occupied by their owner-occupied.

The average value of a Fremont home that is both owned and occupied by the homeowners in the area is $863,800. Thus, Fremont’s average home value is outside the bounds of the current HECM lending limit of $765,600 which is observed by Fremont reverse mortgage lenders. In other words, eligible HECM borrowers can still avail of the standard HECM loan, but the proceeds of the maximum loan proceeds may be limited. On the other hand, if an eligible borrower wants to bypass this limit and maximize the use of his home equity, then he can opt for a jumbo reverse mortgage instead. Finally, for senior citizens who just want to downsize for their retirement years, it will probably be better for them to ask their Fremont reverse mortgage lender for advice about the HECM for Purchase program.

Whatever reverse mortgage program you are most interested in, however, South River Mortgage can definitely help you get the best deal for your home so that you can live comfortably and securely throughout your retirement years.