California's Hard Money Lender Since 1988

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What is a Hard Money Loan?

Nov 29, 2016 (0) comment , , , , ,

Hard Money loan qualifications are more forgiving than conventional or bank financing and the two basic qualifications are: #1. Decent existing real estate equity or at least a 25% down payment if a purchase and #2. An ability to repay the loan. You could get up to 70-75% of the value of the property. If…

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What Credit Score Is Needed To Buy A Home?

Oct 28, 2016 (0) comment , , , , ,

Many potential home buyers believe that they need a score over 780 to qualify.  In today’s world, this is no longer true. One of the more common misconceptions keeping potential home buyers from beginning their search has been the fear that their credit score is too low. According to a recent study by The Wharton…

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Hate Turning a Borrower Down?

Oct 20, 2016 (0) comment , , , , ,

We get loans brokered or referred to us by mortgage professionals who had to tell the borrower “no” for whatever reason. Most that call us need quick action and approval – because they are running out of time. You actually do want to help – and have had underwriting fail you. Sun Pacific Mortgage is…

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Local & Creative Financing For Real Estate

Jun 13, 2016 (0) comment , , , ,

“I am truly in awe of you your company! Yet again another seemingly seamless (I know you are working hard to make it seamless) process thanks to the systems that you have in place! Always a pleasure!” “I commend you on another transaction and I will continue to refer you guys as I have on…

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California Housing Market Headed in Right Direction

Jun 09, 2016 (0) comment , , , ,

In April, California Association of Realtors released their 1st quarter California Housing Market Update citing a number of interesting updates. C.A.R. President Pat “Ziggy” Zicarelli was quoted as saying: “California’s housing market is moving in the right direction as we enter the spring home-buying season, but sales growth will likely be isolated in areas where…

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Owner Occupied Principal Residence – Part 1 of 2

Jun 08, 2016 (1) comment , , , , ,

 This will be the first in a series of articles that will explore the varied types of loans we offer Investors. Let me start off by saying that I will always do loans to homeowners that are owner occupants. It is an important segment of lending and a heck of a niche for my office.…

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Our Changes For Your Benefit

Jun 01, 2016 (0) comment , , , ,

Hope you had a relaxing Memorial Day weekend. To benefit you and your clients, we have just updated our rate sheet to easily show the alternative finance programs we offer taking into account the numerous changes, due to recent regulations handed down by the Feds. Please let us know if you have any questions. And…

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Private Lending Filling the Mortgage Gap

May 20, 2016 (0) comment , , , ,

With Real Estate prices rebounding in California, it’s surprising to see banks still being cautious and lean only toward wealthier, lower-risk borrowers. This has left a widening gap in the mortgage industry between Lenders and potential Borrowers with less than perfect qualifications.  Mortgages in the U.S. last year totaled about 1.6 trillion, according to the…

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Recently Funded – Providing More Options

May 10, 2016 (0) comment , , , ,

Hard Money Provides … A Quick Close Multiple Options Shorter term loan Makes an impossible deal possible “The entire family and staff at Sun Pacific Mortgage are the best hands down.  They are honest, direct, professional, quick, efficient and realistic.  It was like when everyone else seemed to be against us, Sun Pacific found a…

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What Is An Owner Occupied Hard Money Loan?

May 03, 2016 (0) comment , , , ,

Most Hard Money Lenders these days do not offer Owner Occupied financing programs, also known as a Principal Residence Loans, due to the amount of federal and state regulations that apply to them. Here at Sun Pacific Mortgage, we will always have this loan program available because of the important niche it fills for so…

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