Ski Beyond Limits with Our Private Money Loan Programs

Ski Beyond Limits with Our Private Money Loan ProgramsNeed a lift? Ski beyond loan approval limits with our FAST Private Mortgage Programs. DTI ratios high, difficult-to-prove income, property doesn’t qualify – not a problem with us!

Let us help you or someone you know, just as we did below for these other Borrowers:

Recently Funded

Program: Rental Property Purchase
Loan Size: 960k
Loan to value: 69%
Location:  San Diego County
Why Came To Us: Debt to income ratios high, as owned multiple investment properties – but all with great rental income returns.

Program: Owner-Occupied Financing
Loan Size:525k
Loan to value: 53%
Location: Monterey County
Why Came To Us: Wanted to consolidate debt on high rate credit cards and business bills, to improve credit.

Program: Primary Residence Refinance for Business Purpose
Loan Size: 1.02 million
Loan to value: 58%
Location: Orange County
Why Came To Us: Borrower needed fast financing to pay for ongoing property renovations.

 

If you or someone you know are in need of a FAST mortgage loan, or are having difficulty getting real estate financing elsewhere, visit our website at www.sunpacificmortgage.com or give us a call at 707-523-2099.  We’ll quickly let you know what we can do to help!

Real Estate Trends for 2023 as Predicted by the Experts

Real Estate Trends for 2023 as Predicted by the Experts

Experts are starting to make their 2023 home price predictions.  Most agree homes will continue to gain value, just at a slower pace.  Over the past couple of years home prices have risen at an unsustainable rate.

Historically, home values have appreciated at a rate near 4%. For 2023, the average of six major forecasters (Fannie Mae, SPSS, Freddie Mac, MBA, and Zelman) are calling for an increase of 2.5%. The exception is Zelman who is calling for depreciation of almost 3%. Much of the optimism is based on the economics of supply and demand. It is still a seller’s market, and in that scenario, home prices tend to appreciate.

If you are looking for a predictable monthly income with possible double-digit returns, consider becoming a member of our team of private Investors at Sun Pacific Mortgage. Our Trust Deed offerings allow you the opportunity to earn upwards of 13% on your capital. They are ideal for passive investors seeking to add and diversify their income streams. Payments are deposited monthly making it a truly hands-off passive investment opportunity. Check us out on our webpage: www.SunPacificMortgage.com or call us at 707-523-2099.

Stock Market vs. Real Estate

Stock Market vs. Real EstateAfter the rollercoaster ride the stock market has been on recently, checking the value of your home should come as a welcome relief. As Homeowners, you got a big boost over the past few years thanks to rising home prices. Much of your net worth came in the form of home equity.

Over the past two years, particularly, home prices appreciated substantially. According to Corelogic, the average home equity in California rose by $117,000. To explain why this matters so much, Lawrence Yun, Chief Economist at the National Association of Realtors, explains it this way:

“…the decline in the stock market has dented overall net worth. It has fallen by $6 trillion from the first to the second quarter. Only housing wealth has held on, with homeowners’ real estate wealth rising by $1.2 trillion.”

Homeownership is historically a great hedge against inflation, too. Because your largest monthly payment is your mortgage, you can lock this obligation in for the duration of your loan enabling you to stabilize some of your monthly expenses.

If you are looking to increase and protect your family’s wealth, consider becoming a Private Mortgage Lender with Sun Pacific Mortgage. We take the hassle out of owning property! Once you have made your investment, you can just sit back and collect the payments stress free. Monthly your higher return interest profits come back to you (upwards of 13%) – that kind of passive income is hard to come by anywhere else. Give us a call at 707-523-2099 or check out our Investor website page here https://www.sunpacificmortgage.com/invest-in-trust-deeds/ and send in a form for further data.

Oh My Gourd – Recently Funded!

we fund big loansWe Fund BIG Loans!

Having been in business for over 34 years, we are experts at getting large loans funded! Let us help you or someone you know, like we did below:

Recently Funded

Program: Owner Occupied Bridge Purchase
Loan Size: 898k
Loan to value: 70%
Location: Riverside County
Why Come To Us: Wanted no contingency of having to sell current house before buying new home.

Program: Primary Residence Refinance for Business Purpose
Loan Size: 1 million
Loan to value: 65%
Location: San Mateo County
Why Come To Us: A few issues with credit report but with good equity and ability to repay the loan – we were able to get him funded fast.

Program: Primary Residence Refinance
Loan Size: 800k
Loan to Value: 35%
Location:  San Francisco, CA
Why Come To Us: Recent bankruptcy and wanted to consolidate debt.

 

If you have an “Oh My Gourd that’s a big loan” that needs faster funding or having difficulty getting approval elsewhere, give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.  We’ll quickly respond with a proposal as to what we can do for you or someone you know!

Solano County Experiencing Unprecedented Growth

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Businesses headquartered in other counties or states have recently come to Solano County ushering in an uptick of population growth for the cities of Benecia, Vallejo, Dixon, Vacaville, Fairfield, and Suisun City according to a recent article in the North Bay Business Journal.

With the effects of the pandemic shutdown being felt everywhere, these cities have tried to keep above water by relaxing impact fees to maintain and foster growth.

In Vallejo, local government has reduced red tape and updated parking requirements and the zoning code.  Recent additions to the business world have included a management firm responsible for long-term planning and Tesla.

Two new additions to support employees in Dixon are the arrival of a GE Appliance distribution center and TEC Equipment of Portland, Oregon.  Both companies will add to the employment opportunities available to Solano County residents.  Significant funding from the California Department of Housing and Community Development have assisted Dixon businesses impacted by the pandemic.

Vacaville continues to attract biomanufacturing companies which is aiding in the economic growth of the area.  The city is fast-tracking programs for business entitlement approvals.  New hotels and eateries are springing up to support the influx of business.  Of special note, is the announcement that Agenus Inc. is ready to build a research and develop site to advance their study and production of oncology-related therapies.  It is believed that Vacaville’s affordable housing in comparison to other markets made the choice a logical one.  Local officials predict that the region could attract 10,000 people from all over the world to fill these biotech jobs in the next few decades.

Equidistance between San Francisco and Sacramento, Fairfield is an appealing location for a transportation hub for Northern California with a rail terminal downtown.  With its affordable housing prices, Fairfield is attracting businesses and homebuyers.  To aid in the acceleration process of homebuilding, the city has instituted a new tool that prequalifies architectural submittals.

From this report we can conclude that business is booming in Solano County and for the present, housing is more affordable than in other parts of the North Bay.  Its location makes it easily accessible to The City and recreational areas making it a very desirable choice right now.

If you think a move or investment in this growing community is right for you, but you are not able to qualify for a conventional loan, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.  We have helped thousands of folks just like you over the past 33 years we have been business.  Short-term and long-term fast private funding is available so that you can begin profiting from the remarkable growth being experienced in Solano County.

Real Estate Trends in California as of October 2022

Are We Looking at a Change CA Real EstateCalifornia home prices have increased on a year-over-year basis, but the rising rates have been very slow compared to the beginning of this year, before the interest rates increased. September’s statewide median home price was $822,680 making it the fourth consecutive month with single-digit yearly growth at 1.6%.

At the regional level, home sales in all major California areas declined from a year ago, with four of the five major regions dropping more than 25% year-over-year, but home prices rose in all major regions except San Francisco Bay Area.

  • The San Francisco Bay Area had a year-over-year price decline of 2.6 percent, with the median price being $1,256,500.
  • The Central Coast had a year-over-year price gain of 3.7 percent, with the median price being $920,000.
  • Southern California had a year-over-year price gain of 3.8 percent, with the median price being $783,380.
  • The Central Valley had a year-over-year price gain of 1.3 percent, with the median price being $456,000.
  • The Far North had the highest year-over-year gain of 2.7 percent, with the median price being $380,000.

According to the California Association of Realtors, the 2022 housing market will be down slightly because of the supply constraints and higher home prices. They still predict that transactions will post their second-highest level in the past five years. The California median home price is forecast to rise 5.2% to $834,400 in 2022.

The California housing market sizzled and broke all records last year, and according to Zillow, California’s housing market remained the most valuable in the country as of last December. Now is still the time to invest in one of the most consistent wealth-building assets over the long haul.

If you have considered or are ready to start increasing your wealth, give us a call at 707-523-2099 to discuss what it takes to join our family of trusted Investors. You can also check out our Investor website page here https://www.sunpacificmortgage.com/invest-in-trust-deeds/ and send in a form for further data.

Fast Mortgages to Fall Back on!

3fc1433422800b0879d9ff92d01752fdIf you don’t qualify at this time for conventional 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:

Local Loan of the Week

Loan program:  Rush Primary Purchase Bridge Loan
Location:  Sonoma County
Loan Size: 778k
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 purchase, so the Buyers wouldn’t lose out on their large down payment and a new home.

With some rapid action on our part, we got Investor approval and quickly funded within 6 days!

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Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com with any questions or scenarios.  We’ll quickly answer with what we can do to help you or someone you know.

Orange County Housing Market Report

Orange County Housing Market ReportHome prices and sales are moderating in Orange County. Following a two-year frenetic housing market, the market is finally cooling. The median house price fell 2.5% from July to August 2022, yet the median price was still 9% higher than a year ago.

Because fewer people are looking for a home, houses are staying on the market longer, giving the serious buyer more options. The median sales price in Orange County for August was $1,200,000 and the median price at the same last year was $1,100,000. This price represented a 16.8% increase year-over-year.

Orange County is the most expensive real estate market in Southern California. On average, homes in Orange County sell after 39 days on the market compared to 30 days last year. The market here, as in most communities, is shifting from hot to more balanced conditions.

Screen Shot 2022 11 02 at 9.33.10 AM

As the market continues to normalize, a year-over-year price drop may occur later this year in the Orange County housing market. Given the huge amount of appreciation over the past couple of years, homeowners and investors have little to be concerned about.

If you are looking to build your personal wealth, consider becoming a Private Investor with Sun Pacific Mortgage. Having been in business for 34+ years, we are always looking for new Investors to join our team. We offer regular trust deeds that can help you make up to 9-13% return on your investment. Give us a call at 707-523-2099 or fill out the form on our Investor website page here: https://www.sunpacificmortgage.com/invest-in-trust-deeds/

Leafing You Breathless – Recently Funded!

Nov 2022 Week 2 copyGet Relief From Stressful Financing:

Make this month less stressful with our FAST Private Money Loan Programs, just as we did below for these other Borrowers:

Recently Funded

(*See Below For Current Market Updates And Timely Blogs*)

Screen Shot 2022 10 31 at 11.49.26 AMNeed a sigh of re-leaf and don’t know where else to turn to? Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com with any questions or scenarios.  We’ll quickly answer with what we can do to help!

Press Democrat Report on Sonoma County Real Estate

In an article that appeared in the local Sonoma County newspaper on October 14, 2022, Sara Edwards, their business reporter, had some interesting highlights to share regarding the real estate market today.

Some of her points included:

  • Santa Rosa had the highest number of home sales in 2021
  • Sebastopol was the most expensive
  • 2,2440 homes sold in Santa Rosa in 2021=39% increase from 2019
  • Sales in other local cities never surpassed 1000 homes
  • More housing divisions that have been under construction are now getting completed in Santa Rosa
  • Multiple buyers and offers, along with a lack of inventory contributed to increased sales prices.
  • Sebastopol’s highest median sales price in 2021 was $1,095,000
  • Sebastopol is the only city to have a median price over $1 million.
  • Cotati and Rohnert Park were tied with the lowest median home sales price at $635,000

All of Sonoma County saw a frenzied housing market for the past two years, and while the market has somewhat cooled down, prices are not tanking. The multiple offers are few and far between but offers still come in above asking.

Knowing that homeownership is a great hedge against inflation, we can expect that California’s market will fair far better than other parts of the country.

If you are interested in becoming an investor or need to purchase or refinance, give Sun Pacific Mortgage a call at 707-523-2099 or find us at www.sunpacificmortgage.com. We offer fast, private loans for owner-occupied, non-owner occupied, commercial and land deals.

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