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Fall Back On This – Refinance or Purchase!

November 11, 2021

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Fast Mortgages to Fall Back on!

If you don’t qualify at this time for your home loan programs, having good Private Money loans to fall back on just might rescue your home purchase or refinance!

Give us the opportunity to help you, as we did below:

Home Loan of the Week

Loan program:  Primary Residence Rush Refinance
Location:  Sonoma County
Loan Size: $678,000

Reason Came To Us: Borrower was in Escrow, ready to close when the current Lender’s Underwriter declined the loan due to debt-to-income ratios.  This Lender reached out, in hopes we could salvage the refinance, as this loan was needed to provide the down payment for another property they were in contract to purchase.

With some rapid action on our part, we got Investor approval and quickly funded within 5 days!

 

Give us a call at 707-523-2099 or email back with any questions or scenarios.  We’ll quickly answer with what we can do to help you.

Breath Easier With Us!

November 4, 2021

Breath Easier With Us

Get Relief From Stressful Real Estate Financing

Let us help you with our FAST Private Money Real Estate Loan Programs, just as we did below for these other Borrowers:

Recently Funded

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Need a sigh of re-leaf for that real estate financing but don’t know where else to turn to? Give us a call at 707-523-2099 with any questions or scenarios or visit www.sunpacificmortgage.com.  We’ll quickly answer with what we can do to help you!

Real Estate Statistics for September 2021 San Francisco Peninsula

November 2, 2021

San Francisco Real Estate Statistics For September 2021

Markets typically move in cycles characterized by pervasive economic optimism, uncertainty, or pessimism. Today, optimism is the prevailing motivation especially behind the real estate market. We have only to examine the results of September’s sales data recorded for the cities on the San Francisco Peninsula to see that exemplified.

Menlo Park

  • Days On Market: 23
  • Average Sales Price:  $3,539,340
  • Average Sales Price was 6% above asking

Foster City

  • Days On Market:  9
  • Average Sales Price:  $2,2253,961
  • Average Sales Price was 12% above asking

Belmont

  • Days On Market: 12
  • Average Sales Price:  $2,267,777
  • Average Sales Price was 11% above asking

San Carlos

  • Days On Market: 12
  • Average Sales Price:  $2,488,548
  • Average Sales Price was 6% above asking

San Mateo

  • Days On Market: 17
  • Average Sales Price:  $1,921,305
  • Average Sales Price was 7% above asking

Burlingame

  • Days On Market: 13
  • Average Sales Price:  $2,991,900
  • Average Sales Price was 11% above asking

If you are considering a purchase or refinance, whether it is for an owner-occupied or an investment property, give Sun Pacific Mortgage a call at 707-523-2099 to discuss a privately financed mortgage. Armed with a pre-approval letter, will be a huge asset when presenting your offer to a Seller in today’s economy. We are known for our fast closings friendly, informative service throughout the buying process.

Frightfully Fast Financing For All!

October 28, 2021

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Take advantage of our Frightfully Fast Private Money loans this Halloween:

  • Get your loan financed faster!
  • Our fastest funding in just 2 days!
  • Financing for Owner Occupied and Non-Owner Occupied Properties
  • Difficult to prove income – Not a problem
  • Credit issues – Not a problem

Send us your scenarios or questions and we’ll quickly let you know what we can do to help!  Call Today 707-523-2099 or visit our website www.sunpacificmortgage.com.

How Is the Autumn Real Estate in Sonoma County?

October 26, 2021

How Is The Autumn Real Estate In Sonoma County

There has been incredible movement upward in the real estate world of Sonoma County this past year. To realize just how robust the market was this year, we have only to examine the increased price per square foot in each city or region. A quick recap follows:

  • Sonoma County: Ave. price per sq.ft.= $528 (up 10%)
  • Sonoma Coast:  Ave. price per sq.ft.= $817 (up 61%)
  • Russian River region: Ave. price per sq.ft.= $578 (up 53%)
  • Windsor:  Ave. price per sq.ft.= $476 (up 27%)
  • Healdsburg:  Ave. price per sq.ft.= $830 (up 22%)
  • Petaluma Westside:  Ave. price per sq.ft.= $628 (up 21%)
  • Petaluma Eastside: Ave. price per sq.ft.= $477 (up 10%)
  • Northeast Santa Rosa: Ave. price per sq.ft.= $469 (up 13%)
  • Northwest Santa Rosa:  Ave. price per sq.ft.= $451. (up 13%)
  • Southwest Santa Rosa:  Ave. price per sq.ft.=$431 (up 4%)
  • Cloverdale:  Ave. price per sq.ft.= $450 (up 13%)
  • Cotati and Rohnert Park:  Ave. price per sq.ft.= $429 (up 6%)
  • Sebastopol:  Ave. price per sq.ft.= $578 (up 2%)
  • Oakmont:   Ave. price per sq.ft.= (up 2%)
  • Brokerwood and Glen Ellen:  Ave. price per sq.ft.= $746 (down 6%)

It becomes obvious that the North Bay real estate market has seen an incredible value increase over this past year!  Will it continue for the remainder of the year? That depends on how many Sellers come to the table between now and December 31.

If you have been frustrated in the bidding wars you have encountered lately, give family owned and operated Sun Pacific Mortgage a call now, at 707-523-2099. We can quickly get you pre-approved so you can present yourself as a serious Buyer when you make your offer to that Seller!  We have been a private mortgage lending company, servicing all of California for the past 33+ years – and are here to help get you that home you want.

Scary Good Home Financing!

October 21, 2021

Halloween Broker Loan Originator

No need to be scared – we offer FAST financing! 

Let us help with your refinance or purchase. 

We Are Direct Private Money Lenders:

 Our Programs can finance Borrowers who have: 

  • 10 Day Close on a Purchase
  • Owner Occupied Property
  • Difficult to prove income
  • Credit problems
  • Problem properties

Recently Funded

Recently Funded

Give us a call at 707-523-2099 with your questions or scenarios. We will quickly let you know how we can help make any scariness go away!

We look forward to doing business with you in the near future.

Why Buy A Home Now?

October 19, 2021

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The financial benefits of buying a home will always be debatable, but one element is non-refutable—the ability to build wealth.

These past couple of years have only confirmed this belief with appreciation recorded at unheard of rates.  The National Association of Realtors reported that the average gain for single-family homeowners over the last five years was $139,134 and over the past 10 years was $218,505.  In California you could easily double or triple those figures since our real estate market has had such unprecedented appreciation recently. Especially considering the hot real estate markets of the Peninsula counties of San Francisco, San Mateo and Santa Clara – these can be great investments for larger returns.

Homeownership builds household wealth, which also enables households to move to the home of their dreams more easily.  To quote Mark Fleming, Chief Economist at First America:

“As homeowners gain equity in their homes, they are more likely to consider using that equity to purchase a larger or more attractive home—the wealth effect of rising equity.”

In a recent survey which estimated the cumulative home appreciation over the next five years, market strategists have determined that a residential purchaser today will earn a 31.8% increase in their household wealth.

If you have been denied a loan from your bank or other lending institution, consider a privately funded loan from the investors at Sun Pacific Mortgage. Call us today at 707-523-2099 or visit https://www.sunpacificmortgage.com/ for more information.

Spooktacular Loan of the Week!

October 14, 2021

Spooktacular Loan Of The Week!

We are privileged to have many Past Borrowers who have been placing their trust in us for the past 33 years.  Still here to help with our Private Money Loans:

  • Get FAST Approvals! 
  • Owner Occupied Financing
  • Credit Issues Are Not A Problem 
  • We Are A Direct Lender

Our Spooktacular Loan of the Week

A Broker in Santa Clara County sent his Borrower’s loan to us, due to some scary credit issues that popped up at the last minute.  They were in Escrow and had just two weeks to close.

This Borrower was an investor who quickly needed rescuing with a large loan of 732,000 to purchase a rental property he was already in contract to buy.  With the loan to value of 58%, it took us just 11 days to complete all the necessary loan docs and help get Escrow closed!

Are you a Home Buyer or Homeowner who needs a fast home loan or refinance? Or you are having difficulty getting loan approval? Give us a call today at 707-523-2099. Or visit our website at www.sunpacificmortgage.com. We’ll be happy to get you a proposal on how we can help with our spooktacular Private Money Programs.

What Will This Fall Be Like in the Real Estate Market?

October 12, 2021

What Will This Fall Be Like In The Real Estate Market

According to many experts, the California real estate market, along with the weather, is expected to cool off somewhat in the Fall.

We are more likely to see something a little closer to normal, and yet the market is likely to stay highly competitive because there will still be many more buyers than sellers.  This does not mean that home prices will fall, but the expectation is that going into the end of the year, prices will rise a more modest 5%-6% as opposed to the 17.2% annual rise in April.

While more Bay Area homes are likely to go up for sale during this second half of the year, the influx won’t be nearly enough to put a dent in this housing shortage, but it may help curb the wild price growth.

Sonoma County on down to San Francisco and Peninsula markets, demand is forecasted to stay strong even though many buyers are frustrated or simply priced out of the market.  More millennials are hitting their home buying years, and because builders haven’t been able to ramp up construction to meet the population growth, resales will continue to experience a healthy growth.

One Realtor explained what we in California might be facing:

“Don’t expect deals in the fall if you are house hunting in the most desirable part of a market or competing for a particularly nice house.  Homes that stand out for one reason or another are still flying off the shelf.”

If you are hoping to buy or access your equity this fall, but have been turned down 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 folks just like you for over 33 years, and we look forward to pairing you up with one of our many private lenders who can make your dreams come true.

Need A Better Lending Option?

October 7, 2021

Carrying On The Legacy Of Hard Money

Carrying on the legacy of 33+ years of private money lending:

  • Credit Problems Okay!
  • FAST Financing!
  • Jumbo Loans Provided!
  • Trusted By Over 10,000 Borrowers!

Loan of the Week

A Home Buyer was referred to us by his Realtor and conventional Lender in San Mateo County.  There was a credit problem that required a few more months of handling before this particular Buyer could qualify for a conventional loan.

So, they came to us for a short-term jumbo loan of 802,000.  Despite the size of loan, with a lower loan to value of 61%, we were able to quickly get the loan approved, funded and money to Escrow within just 7 days!

Call Us Today at 707-523-2099 or reply back here.  You’ll quickly hear back with a proposal as to what we can do for you.

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