Fred Bolstad | Source | Head of Mortgage at U.S. Bank

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Fred Bolstad

Head of Mortgage at U.S. Bank
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Fred Bolstad is executive vice president of Retail, Home Lending at U.S. Bank. He joined U.S. Bank in 2016 and in his current role is responsible for over 3,200 employees, including over 1,200 mortgage loan officers. Fred leads both Retail sales and operations, a channel that originated over $30 billion in 2023. He is a 35-year veteran of the mortgage industry, holding senior positions in the non-bank space as head of Retail for both Stonegate Mortgage and Nationstar Mortgage.
In addition, Fred spent nearly 20 years at Citi where he served in multiple executive leadership roles, including executive vice president for National Production, executive vice president of Retail Lending, and executive vice president of Wholesale Lending. He holds bachelor of arts and master of business administration degrees from the University of Minnesota.

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  • North Carolina Homebuyer Programs: Expert Insights from U.S. Bank
    James explains the NC Home Advantage Mortgage, offering a 97% fixed mortgage with up to 3% down payment assistance. Eligibility requires a FICO score of 640 and income limits per county. The NC 1st Home Advantage provides $15,000 for first-time buyers. City-specific programs in Raleigh, Durham, and Charlotte offer additional assistance. The Community Partners Loan Pool aids low-income buyers with up to $50,000.
  • Property Tax Surge: Homeowners Face 28% Increase Since 2019
    Fred reveals a 28% rise in property taxes from 2019 to 2024, with a 5% increase from 2023 to 2024. He advises, "Homeowners should contact their tax collector or assessor" to dispute assessments and explore exemptions. Updated assessments can adjust escrow payments.
  • Homebuying Age Rises: Economic Challenges for Younger Buyers
    Fred highlights that rising home prices, inflation, and higher mortgage rates create challenges for younger buyers. He advises engaging with mortgage professionals early, as many believe a 20% down payment is necessary, which isn't always the case. "Older buyers benefit from built equity," Fred notes, while the median buyer income of $108,800 reflects the need for strategic planning.
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