California's Hard Money Lender Since 1988

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What Are The Differences Between A Traditional Loan And A Hard Money Loan?

Nov 17, 2016 (0) comment , , , , ,

  If you have ever applied for a mortgage with a bank, you know it can be a long and sometimes difficult loan process. It seems traditional lenders want an inordinate amount of information from you. General loan requirements include your loan applications, minimum credit scores, bank statements, income verifications, borrower and property financials, etc., etc.…

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Hard Money Loan of the Month – November

Nov 07, 2016 (0) comment , , , , ,

By Ken Walker, Lead Loan Originator Just the other week a couple called needing a loan to buy their houses out of a Family Trust.  There were family disputes occurring and this needed to occur fast otherwise they would be forced to sell the houses. They were unable to get a conventional loan due to…

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Be Prepared For Seasonal Changes In The Market!

Nov 03, 2016 (0) comment , , , , ,

Our loan preapproval process is based primarily on 2 things: Loan to value and Ability to repay (far more flexible than conventional underwriting)   We loan up to 75% of the value of the property and in some instances as high as 80%.  We do Jumbo Loans commonly. Below are some recently funded loans for…

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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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