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Ready To Feel The Need For Speed? Private Financing!

February 2, 2023

Rea Jan Week 4 Us Again – Dropping Into Your Inbox With Fast Mortgage Solutions.  If You Or Someone You Know Are In The Need For Speed Financing – Or You’ve Been Turned Down Elsewhere For A Refinance Or Purchase Loan - Give Us A Call So We Can Help You, Like We Did Before.Feel The Need…? The Need for Speed!

Us again – dropping into your inbox with FAST mortgage solutions.  If you or someone you know are in the need for speed financing – or you’ve been turned down elsewhere for a refinance or purchase loan – give us a call so we can help you, like we did before.

Here’s some recent Borrowers we helped with our Private Money programs:

Recently Funded Loans

Program: Owner Occupied Refinance
Loan Size: 1.21 million
Location: Sonoma County
Why Came To Us: Borrower wanted to improve their credit and used cash out to consolidate debt before the New Year.  We funded in just 10 days!

Program: Investment Property Purchase
Loan Size: 417k
Location: Monterey County
Why Came To Us:  House needed a new roof and some repairs so we helped get the Hard Money loan done in just 8 days!

Program: Business Purpose Refinance
Loan Size: 987k
Location: Riverside County
Why Came To Us: Needed fast cash-out for an Investment property renovation but had difficulty proving income as self-employed.  We had loan done in 2 weeks!

At Sun Pacific Mortgage we are FAST in getting loans approved and funded.   Visit our website at www.sunpacificmortgage.com or call today at 707-523-2099 to see how we can help you or someone you know get that loan funded FAST.

 

In Need of Flexible, Friendly Financing? Loan of the Week!

January 27, 2023

8162B071Bbe94F76C811A20Bd159E6B6.Jpeg Are You Running Into Stops Or Difficulties Getting Loan Approval? You Won’t Have These Stops With Us!

Are you running into stops or difficulties getting loan approval? You won’t have these stops with us!

At our family owned and operated company, we have helped well over 10,000 Borrowers/Buyers with our trusted and fast Private Money Programs – just like below:

Loan of the Week

Program: Investment Purchase
Loan Size: $720,000
Loan to value: 44%
Location: Sonoma County
Why Came To Us:  Underwriting turned down Borrower at the last minute, due to debt-to-income ratio being too high.  Escrow was supposed to close in just 12 days, but a loan was still needed.  We got right to it with our flexible Private Money programs, resulting in the needed loan and a very happy Borrower because Escrow successfully closed on time!

 

Call Us at 707-523-2099 or visit our website at www.sunpacificmortgage.com to see how we can help you, a friend or family member.

Trusted Hard Money Lenders For 35 Years

January 18, 2023

Jan 2023 We’re Continuing The Legacy Of Fast, Flexible, Friendly And Expert Private Money Loans For 35 Years! We Provide:

We’re continuing the legacy of fast, flexible, friendly and expert Private Money loans for 35 years! We provide:

  • FAST Approvals
  • Primary Residence Financing
  • Financing despite Debt-to-Income Ratios
  • Property Condition Not A Problem

Loan of the Week

Program: Owner-Occupied Rush Refinance
Loan Size: 843k
Loan to value: 51%
Location: Sonoma County
Why Came To Us: Borrower was brought to us because of difficult to prove income. The Borrower wanted to pull cash out of her equity to do some necessary debt consolidation and renovations before the holidays. We had no problems with getting her loan approved and funded by our Private Investor in just 10 days!

 

If you our someone you know needs fast funding or doesn’t qualify at the moment for conventional financing, visit our website at www.sunpacificmortgage.com or call us at 707-523-2099!  We’ll be happy to send a proposal for what we can do to help.

Granny Flats in California are Gaining in Popularity

January 10, 2023

California Granny Flat

In order to put a dent in California’s housing shortage, state and local lawmakers have eliminated a substantial amount of red tape to allow homeowners to build second residences on a property.

We are seeing reduced building impact fees, reduced parking and setback requirements and the waiver for owner-occupancy on site. All these changes have been made to encourage ADU construction throughout the state to combat the state’s ever growing housing shortage.

Because we have had home construction lagging population growth, California’s Statewide Housing Plan calls for an acceleration of new home construction over the next eight years with a target of 2.5 million homes. This target is broken down as follows:

  • 643,352 very-low-income homes
  • 384,910 low-income homes
  • 420,814 moderate-income homes
  • 1,051,177 above-moderate-income homes

Some roadblocks that have been experienced include restrictions on drilling a new well (Sonoma County) and making your new build all electric (Marin County).  There are still issues with material shortages that make for slow-going in the building process.

Most builders of an ADU would definitely do it again in spite of all the difficulties they experienced in the build.  Roadblocks encountered differ from county to county. For instance, Sonoma County allows you to go right to the county website and choose preapproved plans. Their permitting process is more streamlined because they want more rentals.  In Napa County supervisors launched a $5 million forgivable loan program for residents who build ADUs and rent them below market value. There are other programs in the North Bay Counties that exist to encourage the ADU build out.

If you are considering an ADU for your property and have sufficient equity in your home, you might want to investigate a refinance with extra cash out or even a 2nd mortgage with Sun Pacific Mortgage.  We are a private lender with 35+ years of experience in California real estate lending. We offer fast, flexible and expert alternative financing. Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.

California North Bay Counties Yearly Real Estate Values Review

January 2, 2023

North Bay Counties Yearly Real Estate Values Review

Speaking to reporters in the last quarter, Federal Chairman, Jerome Powell, made it clear that going forward, the U.S. housing market would get “reset” by a “difficult correction.”  We can see that happening in the counties listed below.

This a report based on home and property sales data from the week ending December 28, 2022:

Contra Costa County
Median List Price: $630,000
Average Days on Market: 81
Inventory: 951
Price increase: 4%
Price decrease: 39%

Alameda County
Median List Price: $962,000
Average Days on Market: 85
Inventory: 761
Price increase: 3%
Price decrease: 37%

San Joaquin County
Median List Price: $563,750
Average Days on Market: 86
Inventory: 1016
Price increase: 3%
Price decrease: 47%

Santa Clara County
Median List Price: $1,599,000
Average Days on Market: 90
Inventory: 749
Price increase: 2%
Price decrease: 36%

While some markets may be down double-digits, they are all still well above pre-pandemic home prices. Real estate remains the safest investment by far according to the experts.

If you are looking to invest in real estate this year – by purchasing property or investing in deeds of trust for higher return – Sun Pacific Mortgage has the answer.  Call us at 707-523-2099 or visit our website www.sunpacificmortgage.com to find out more.

Loan of the Week – Don’t Be Left Out In The Cold!

December 21, 2022

Fast Financing Copy We Have A Solution For You, A Friend Or Family Member Who Has Been Left Out In The Cold As They Can’t Get The Home Financing They Need: Fast Private Money! Below Is Just One Of The Many Ways We Can Help Make Your Holiday Merrier:Feeling Left Out In The Cold? Don’t Be!

We have a solution for you, a friend or family member who has been left out in the cold as they can’t get the home financing they need: Fast Private Money! Below is just one of the many ways we can help make your Holiday merrier:

Loan of the Week

Program: Owner-Occupied Rush Purchase
Loan Size: 623k
Loan to value: 49%
Why Came To Us:  Broker from Contra Costa County referred his Buyer to us, after being unable to help directly due to his debt to income ratios being a bit high.  However, because this Buyer had good credit and good down payment himself, it was not difficult to get his loan quickly completed by one our Private Lenders in just about 1 week!

With real estate needs for faster refinancing or a desire to create stronger purchase offers, Private Money can give you the edge they need in this competitive market.  Our Private Money mortgages can get you, a friend or family member into a warm Home for the Holidays!

Email your scenario or Call Us at 707-523-2099 to see how we can help or visit our website at www.sunpacificmortgage.com

Make Your Season Merrier – Loan of the Week!

December 15, 2022

Financing To Make Your Season Merrier!

Make Your Season Merrier - Loan Of The Week!Are you in need of a mortgage for a home purchase?  How about a fast Bridge loan?  Private Money Loans can provide FAST Cash!

Let us make your holiday season merrier by helping you or someone you know – like we did below:

Screenshot 2022 12 13 At 9.51.07 Am Are You In Need Of A Mortgage For A Home Purchase?  How About A Fast Bridge Loan?  Private Money Loans Can Provide Fast Cash!

We can be reached at 707-523-2099 or visit our website at www.sunpacificmortgage.com, for any of your questions or scenarios.  We’ll quickly let you know what we can do to help make the holiday season merrier for you!

We Fund BIG Real Estate Loans!

December 8, 2022

We Fund Big LoansHaving been in business for over 34 years, we are experts at getting BIG loans funded! Let us help you or someone you know, like we did below:

Loan of the Week

Program: Primary Residence Refinance

Loan Size: 780k

Loan to value: 50%

Location: Marin County

Why Came To Us:  A Mortgage Broker referred his Borrower to us after being denied last minute by their local Lender because of their less than stellar credit, but the property had a healthy amount of equity in it, therefore, we were able to get the Borrower funded in just 7 days!

One of our specialties here at Sun Pacific Mortgage is fast turnarounds, so if you or someone you know need fast financing or having difficulty elsewhere getting a mortgage, give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We can quickly let you know what we can do to help.

Ski Beyond Limits with Our Private Money Loan Programs

December 1, 2022

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!

Oh My Gourd – Recently Funded!

November 17, 2022

We 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:We 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!

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