Home >

Big, Fast, and Direct – Recently Helped Borrowers!

Wild Ride Getting Financing End The Wild Ride And Get Real Estate Financing With One Of Our Direct Private Money Programs.BIG And FAST With Our Private Money Loans!

End the wild ride and get real estate financing with one of our Direct Private Money Programs.

Purchase or Refinance mortgage taking too long?  Or being turned down at the last minute?  Let us help you or someone you know fulfill the need for BIG Speed Lending, just like we did below:

Recently Helped Borrowers

Image3 End The Wild Ride And Get Real Estate Financing With One Of Our Direct Private Money Programs.

We look forward to helping you or someone you know with our BIG and Fast Private Money programs.  Call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com with your scenario and we will get back to you with how we can help!

North Bay Real Estate Trends for June 2022

Home Real EstateFor purposes of this report, we are including the counties of Marin, Mendocino, Napa, Solano, and Sonoma.

Inventory at end of June: 2,429 homes and condos (30% over last year; 19% over last month)

Nationally, listings are up 31% over the past year.

There were 1,310 sales in June, which was 30% below last year’s total sales and 12% below last month’s sales.

The ratio of listings whose price was lowered for each county reads as follows:  Sonoma 16%, Mendocino 22%, Napa 23%.

Those counties whose sales were more than the original listing price were as follows: Mendocino 26%, Napa 45%, Sonoma 61%.

Average sales price = $955,270 (+8% YTY)

Median Days on Market = 31 (-26% YTY)

Sales vs. List price = 102% (0% YTY)

What conclusions are we to take from this report? We are not in a free-fall, but real estate has cooled slightly off the frenetic pace we were on for the past couple of years. We are certainly not looking at another 2008, and for good reason. There is plenty of equity in existing homes and inventory is just not plentiful enough to satisfy the demand.

If you need help with your mortgage search, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We do fast, private loans considering loan-to-value rather than credit scores.

Successful Large Financing – We Can Help!

Ride the Private Money Jumbo Wave

Take advantage of our Private Money Loans and their many benefits:

Surfing Ka Take Advantage Of Our Private Money Loans And Their Many Benefits:

  • Jumbo financing
  • FAST Loans
  • Turned Down Elsewhere – We Can Help!
  • Trusted By Over 10,000 Borrowers

Loan of the Week

Program: Multi-Family Investment Refinance
Loan Size: 2.1 million
Location: Orange County
Why Came To Us: Mortgage Broker brought us her Borrower who was looking to refinance a rental. Borrower didn’t qualify for conventional financing due to high debt-to-income ratios and low credit, but this refinance was to fix both issues. With a loan to value of 54% we quickly had loan approval for his jumbo loan. Borrower was very happy with cash in hand & Broker relieved they could close another transaction with a grateful client!

At Sun Pacific Mortgage we are known for our fast resolution to large lending issues and we pride ourselves in skillfully navigating any rough lending waves! If you or someone you know need such services, call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We have helped thousands of Borrowers and Homebuyers ride our private money jumbo waves, resulting in attaining the loan they wanted.

What Happened in the North Bay Real Estate Market in June 2022?

What Happened In The North Bay Real Estate Market In June 2022?The North Bay cities of Santa Rosa, Petaluma, Rohnert Park, and Windsor showed marked declines in homes and condo sales numbers compared to June 2021, but smaller declines from May 2022.  Here are some sample statistics:

Santa Rosa:

  • Available at end of June = 218 (-24% from June 2021; +28% from May 2022
  • New sales = 184 (-36% from June 2021; -11% from May 2022)
  • Median sales price = $750,000 (+6% from June 2021)
  • Days on Market = 29

Petaluma:

  • Available at end of June = 65 (+30% from June 2021; +30% from May 2022
  • New sales = 62 (-8% from June 2021; = to May 2022)
  • Median sales price = $947,000 (+6% from June 2021)
  • Days on Market = 21

Rohnert Park:

  • Available at end of June = 26 (-21% from June 2021; +1% from May 2022
  • New sales = 37 (-26% from June 2021; -21% from May 2022)
  • Median price = $733,000 (+32% from June 2021)
  • Days on Market = 22

Windson:

  • Available at end of June = 45 (+32% from June 2021; +55% from May 2022)
  • New sales = 27 (-31% from June 2021; -23% from May 2022)
  • Median price = $800,000
  • Days on Market = 24

The rise in mortgage rates has triggered some slowdown in the market, but at this time most economist see this as a “housing correction” not a “housing bust.”  They view the continued lack of available homes for sale to be the factor keeping prices from drastically falling currently.

If you are looking to buy in this ever-changing market, but cannot qualify for a conventional mortgage, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We have been helping Borrowers like you in California for more than thirty-four years.

 

Faster and Higher – Financing When Needed!

Planes Edit2 Are You Unable To Get Home Loan Approval?  Private Money Loans Are Fast, And We Work Those In Need Of Fast Financing, Or They’ve Been Turned Down Elsewhere.Jumping High And FAST For You!

Are you unable to get home loan approval?  Private Money loans are FAST, and we work those in need of fast financing, or they’ve been turned down elsewhere.

We’ll help you jump higher and go faster towards that new home or refinance, like was done below:

Recently Funded

Screen Shot 2022 08 09 At 10.29.47 Am Are You Unable To Get Home Loan Approval?  Private Money Loans Are Fast, And We Work Those In Need Of Fast Financing, Or They’ve Been Turned Down Elsewhere.

Continuing our 34-year legacy of helping rescue any loan that falls through or doesn’t quite qualify at this time.  We’ve got those FAST Private Money Loans! Visit our website at www.sunpacificmortgage.com or Call 707-523-2099 with questions or scenarios – we’ll quickly reply.

Southern California Housing Market Trends 2022

Southern California Housing Market Trends 2022 Southern California Set Or Matched Price Records For The First Half Of 2022. Here Are Some Statistics Which Tell A Story Of The Continuing Interest In California Real Estate:

Southern California set or matched price records for the first half of 2022. Here are some statistics which tell a story of the continuing interest in California real estate:

  • Los Angeles County: the median price rose 8.1% to $860,230 in June
  • Orange County: the median price rose 11.2% to $1,265,000 while sales decreased by 36.1% (the highest decline in sales of all 6 counties).
  • Riverside County: the median price rose 12.2% to $645,000 while sales decreased by 27.4%.
  • San Bernadino County: the median price rose 12.6% to $490,000 while sales decreased 27.5%
  • San Diego County: the median price rose 9.8% to $950,000 while sales decreased by 30.5%
  • Ventura County: the median price rose 10.7% to $930,000 while sales decreased by 22.6%

According to Zillow, the median home price in California is $800,172, and has risen an impressive 18.5% year-over year. California Homebuyers are still paying above listing price for homes, but they are paying less compared to what Buyers were paying last month and last year.

If you are one of the eager Homebuyers who have been competitively forced out of the market because you could not obtain your mortgage fast enough, consider a privately funded loan from Sun Pacific Mortgage. We have been known to have money available in as little as a week and offer the next best thing to an all-cash offer. Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com, we look forward to assisting you no matter where in California you are wanting to buy.

We Get Loans Done With Wave-Breaking Speed!

We Get Loans Done With Wave-Breaking Speed!

Our Private Money loan programs offer:

  • Quick Loan Approval
  • Fast Closes!
  • Difficult-to-prove-income OK
  • Credit not an issue
  • See below for our wave-breaking speed, loan of the week!

Local Loan of the Week

Program: Owner-Occupied Bridge Purchase
Loan Size: 739k
Location: Sonoma County
Days to Fund: 6 days!
Why Came To Us: Homebuyer was in Escrow when their conventional Lender turned them down due to last minute debt to income ratios being too high. They needed some wave-breaking speed to fund their purchase, otherwise lose their large deposit and miss out on their dream home.  Within just 6 days, their loan was approved, funded, and keys in hand to their new home!  Needless to say, Buyers were relieved and very appreciative.

Continuing our 34+ year Private Money Lending legacy, we are here if you need us! Visit our website at www.sunpacificmortgage.com or call today: 707-523-2099 with questions or scenarios and we’ll let you know what we can do to help you, a family member, or a friend.

North Bay Real Estate Market and the U.S.Economy

North Bay Real Estate Market And The U.s.economy

The red-hot North Bay real estate market has responded to the climbing interest rates and growing inflation by slowing sales. For rates to go from 3% to 6% is a shock to the market. The current market still favors Sellers, however.

In the North Bay year-over year property sales in May were down in Sonoma County by 22% (385 homes sold); Napa County 12.1% (105 homes sold); Marin County by 10.1% (178 homes sold). In Solano County sales rose 5.8% with 328 homes sold in May. This increase was not a surprise to CAR Chief Economist, Oscar Wei, who knows that Solano County is the most affordable county in the North Bay.

There is a definite shift in the market. Buyers are realizing that they don’t need to put in an offer on the first thing they see, and there is a decrease in multiple offers and homes selling for more than the asking price. It is note-worthy that the economists see this as a shift to a more balanced market rather than a crash like we witnessed in 2005 to 2012.

In May, 16% of homes in the three counties sold at reduced prices, and by late June that number jumped to 19%. There is a slowdown of both the low end and the high-end Buyers. People are still buying, just not at the frenzied rate they have been in recent years.

Different demographics have influenced the real estate market in recently, but that could be changing. With baby boomers becoming seniors who may be more reluctant to downsize because of higher interest rates, much of the market will belong to the millennials.

We know that there will always be a demand for housing in the North Bay. So, while things may not be as hectic as they have been for the past 3 years, we can relax a bit and welcome the more stable, balanced market that we are experiencing today.

Whether it be a Buyers’ or a Sellers’ market, Sun Pacific Mortgage is here to offer our privately funded loans to those borrowers who need a fast close or have been turned down for a conventional mortgage. Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com to see what we can do for you.

Hot Summer Financing For Owner Occupied Properties!

Hot Summer Financing For Owner Occupied PropertiesSee our recent blog about how Private Money can speed up the process:
https://www.sunpacificmortgage.com/blogs/how-can-you-get-into-contract-for-a-home-faster/

Turned Down Elsewhere for a home loan – refinance or purchase?  We have been providing our Hard Money loan programs for 34 years now, let us help you!

 We provide financing for owner occupied/primary residences as well as investment properties.

 Credit issues, difficult-to-prove income, property doesn’t qualify – not a problem.

Recently Approved & Funded Owner Occupied Loans 

$631,000 – Sacramento County
11 Days To Complete
Debt to income ratio too high so turned down elsewhere

$615,000 – Contra Costa County
13 Days To Complete
Difficult To Prove Income As Self-Employed

$705,000 – Riverside County
5 Days To Complete
Wanted Fast Loan To Strengthen Purchase Offer

$581,000 – Santa Clara County
17 Days To Complete
Had Credit Issues and Wanted To Do Debt Consolidation

Call us at 707-523-2099 today or visit our website at www.sunpacificmortgage.com with any questions or scenarios you have. We’ll get back to you quickly!

What Happened in the Bay Area Real Estate Market During the 2nd Quarter?

What Happened In The Bay Area Real Estate Market During The 2Nd Quarter As One Realtor Put It, “If The Stock Market Is Like A Jet Skier On A Triple Espresso, The Real Estate Market Is Like A Giant Cargo Ship That Decelerates And Turns Slowly.”

As one Realtor put it, “If the stock market is like a jet skier on a triple espresso, the real estate market is like a giant cargo ship that decelerates and turns slowly.”

This is what we are seeing in the Bay Area as mortgage rates increase and inflation is climbing. Because of the sharp turn in the market, it is better to consider a three-month average than a single month’s data. The following data gives the Bay Area market results in each county for April, May, June:

Q2 2022 Medium Sales Price:

San Mateo: $2,200,000

San Francisco: $2,000,000

Marin: $1,995,000

Santa Clara: $1,880,000

Alameda: $1,460,000

Santa Cruz: $1,350,000

Contra Costa: $975,000

Napa: $973,000

Monterey: $875,000

Sonoma: $860,000

Solano: $625,000

With numbers like this, Bay Area properties are not likely to plunge into severe depreciation any time soon. Real estate continues to be the most stable of all investments according to the economists. Relax, no need to panic. This is just a part of the natural real estate market cycle we have experienced time and again.

Give Sun Pacific Mortgage a call at 707-523-2099 if you need a fast, Private Money loan or you are an Investor looking to maximize your returns, through Trust Deed investments.

Posts navigation