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A Bridge To The Future – Private Money

A Bridge To The Future - Private MoneyPrivate Money – The Bridge To A Future Home

After 34 years of experience, we are specialists at helping bridge the distance for individuals who need additional financing to buy a new home, before selling their current house. Let us help you or someone you know with our popular Private Money Bridge loan program, like we did below.

Loan of the Week

Program: Bridge Purchase
Loan Size: 1.4 million
Location: San Luis Obispo County
Reason Came To Us: A Mortgage Broker brought his Borrower to us for some fast help. Their financing was disapproved by underwriting at the last minute due to debt-to-income ratio being a bit too high.  This wasn’t an issue with our programs due to the great equity in his current house.  As we have no DTI requirements, we were able to rapidly get him approved and loan fully completed in just 13 days!

Visit our website at www.sunpacificmortgage.com or call today 707-523-2099 so we can let you know what we can do to help you or someone you know bridge the distance to a future home!

Sonoma County May Real Estate Status

Analysts, Economists, and Industry Commentators have much, and sometimes divergent, opinions about the present and future of real estate in Sonoma County. They all agree, however, that sales data in the coming months should provide more concrete indicators of the market condition.

The experts have commented that when hot markets shift to cooler, the effects are typically reflected in reductions in multiple offers, overbidding, and the number of homes going into escrow. All these realities result in less appreciation, but historically, over the longer term, real estate remains an excellent and robust investment.

The monthly median home price, 6-month rolling average proves the point:


The average days on the market typically ebb and flow seasonally with spring often seeing the highest demand. Spring 2022 has just seen the lowest average days on the market ever recorded.

The combination of quickly rising prices and the fastest mortgage rate increase in over forty years is going to affect purchase demand. As this phenomenon occurs, the private mortgage business picks up steam. Using this avenue of financing allows otherwise ineligible Buyers to get into the real estate market and profit from the appreciation which continues to rise.

Sun Pacific Mortgage, a family-owned and operated business located in Sonoma County, serving all of California, has been in the Private Money Mortgage business for over 34 years with impressive results and loyal, appreciative clients and investors. With our year of experience, we can close escrows in as little as a week. Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com to investigate the loan programs we have available in funding purchases and refinances or how we can help you start increasing your wealth. We look forward to your call.

Why is the Housing Supply So Low?

Why is the Housing Supply So Low?
At the top of the question list for Buyers last year and this year is, “Why is it so hard to find a house to buy?”  Simply stated:  The number of Buyers greatly outstrips the homes available for sale. There are two main reasons the housing supply is low and what it may mean for you:

  1. New home construction fell behind for the past five decades except for 2008. Builders exceeded the average of new homes during these years of the housing bubble. As a result, an oversupply of homes caused home values to decline. That was one of the factors that led to the housing crash in 2008. Since then, the level of new home construction has fallen off, and for the last 13 straight years, Builders haven’t been able to construct enough homes to meet the demand.
  2. When the pandemic hit, the meaning of “home” became even more appreciated. With work and school moving into homes, there was a rush to find suitable housing for all the new activities happening in a sometimes- too- small space. At the same time, Sellers hesitated to put their homes on the market because of concerns about the pandemic. Not to forget mortgage rates dropping to the lowest seen in decades, adding to the urgency to buy now.

Even today, Buyers find themselves looking at scant inventory and higher prices. Offers exceed listing prices by a considerable margin. Basically, inventory is still low. Still, you shouldn’t put your plans to buy on hold because you are waiting for additional houses to hit the market. With prices continuing to rise and construction materials becoming ever harder to obtain, that could end up being a longer wait than makes sense.

If you need a loan today but can’t meet the stiffer qualifications of a conventional loan, give Sun Pacific Mortgage a call at 707-523-2099 or email us through our website at www.sunpacificmortgage.com, to discuss a Private Money loan mortgage. We have helped thousands of Californians over the past 34 years to purchase or refinance their own residence or a rental property. We can make your offer look better than others with a fast, all-cash close, often closing in 1 week to 1 month!

Making It Easier for Home Loans – Direct Financing

Making It Easier for Home Loans - Direct FinancingHome Loans Made Easy with Private Money

Have you or someone you know been turned down for a loan at the last minute?

We specialize in providing direct and fast financing for Owner Occupied/Primary Residences as well as Investment Properties. Credit issues, difficult-to-prove income, property doesn’t qualify – not a problem with us!  See recent examples below:

Recently FundedIf you, or someone you know, has been turned down by another lending institution, we can work with you to help get a fast Private Money loan!  Visit our website at www.sunpacificmortgage.com or give us a call to 707-523-2099.  We’ll quickly let you know what we can do to help.

What Factors Today are Having the Biggest Effect on Housing?

What Factors Today are Having the Biggest Effect on Housing?

Some might consider interest rates to have the most influence on the housing market, but that is only one factor in a confluence of factors including: local economic conditions, financial markets, housing affordability, consumer confidence, inflation, migration, the pandemic, war, debt, and government policies. Each of these conditions can have major market impacts, both positive and negative.

In Sonoma County the market remained overheated for all of Q1 with home-price appreciation and supply-and-demand leading the pack. With mortgage rates rising at the beginning of Q2, the outlook is difficult to predict. Low inventory will continue to have an influence on pricing, but to what extent is still unclear. In the past, Q2 has typically been the highest demand and most active selling season of the year.

In Q1 2022, the median home price was $820,000. This statistic is a generalization which indicates that half of the homes sold closed below this figure and half sold for more than this amount. The median days on the market for Q1 2022 ranged from a high of 95 days (Kenwood) to a low of 22 days (Cotati).

Looking at the number of active listings over the past 6 years for the month of March would be a good indicator of how volatile the market has been:

  • March 2017: 515
  • March 2018: 528
  • March 2019: 761
  • March 2020: 800
  • March 2021: 554
  • March 2022: 360

Regardless of all the extenuating circumstances affecting the real estate market in Sonoma County, experts say we should only see a slight slow-down in appreciation and activity because Buyers are still looking to live in an area where they can have more for less when compared to other neighboring regions.

If you are hoping to buy anywhere in California soon, but are finding the tighter lending restrictions unforgiving, give Sun Pacific Mortgage a call at 707-523-2099 to discuss our Private Money loan programs or visit our website at www.sunpacificmortgage.com. These loans are specifically tailored to those who can’t qualify for conventional loans or who need a fast closing whether purchasing and refinancing.

Want To Get A Refinance Done?

hold onto that loanHold Onto That Loan With Private Money

If you or someone you know are having a tough time getting that refinance or purchase loan done, give us a chance to help you hold onto that loan using our trusted Private Money programs – like we did below:

Recently Funded

We have helped many Borrowers get their loan done and funded fast!  If you or someone you know are having a tough time getting needed real estate financing – give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.  We’ll let you know quickly how we can help you hold onto that refinance or purchase loan!

This Quick Draw Duo Wrangle In Loans!

This Quick Draw Duo Wrangle In Loans!We Wrangle In Those Loans Turned Down Elsewhere!

We have two main qualifications:

  1. At least 25% down payment or good existing equity and
  2. An ability to repay the loan.

Loan of the Week

Program: Investment Property Financing
Loan Size: $1,020,000
Days to Fund: 13 days
Location: El Dorado County
Reason Came To Us: We were contacted by an Agent who’s client was in need of a $760,000 loan for a home, but due to poor credit after a difficult divorce and high debt-to-income ratio, he wasn’t qualifying for a conventional loan.  This is where our Quick-Draw Duo wrangled in that loan and within just a few days, the relieved client had a completed loan through our family company!

This Quick Draw Due is at your service.  We won’t hesitate to help if we can, visit our website at www.sunpacificmortgage.com or call 707-523-2099.   We work with Real Estate Agents, Mortgage Brokers, Lenders and individual Borrowers too.

This Quick Private Money duo is at your service

Should Inflation Stop You from Buying a Home in 2022?

Should Inflation Stop You from Buying a Home in 2022A high inflation rate means prices rise across the board so it is reasonable for someone to say “Yes”, but while home prices aren’t an exception, this should not be the reason keeping you from buying a home in 2022. We are aware of the appreciation that has occurred in the real estate market for the past couple of years, and the experts say we can expect that increase to continue in 2022, though maybe not as dramatically.

In this period of record-breaking, rising consumer costs, homeownership offers the one fixed overhead expense you can rely on with a fixed mortgage. As James Royal, Senior Wealth Management Reporter at Bankrate stated:

“Sure, property taxes will rise, and other expenses may creep up, but your monthly housing payment remains the same.”

With rent control going away, renters are in an even more precarious position. Ali Wolf, Chief Economist at Zonda, explains:

“You want to think through where you can put your money, so it does not lose value. Housing is commonly looked at as a good inflation hedge…”

Even if you cannot qualify for a conventional mortgage through the normal channels of banks and other lending institutions, there is still the private mortgage lending arena to consider. Sun Pacific Mortgage offers private money mortgages to Borrowers and Buyers who otherwise might not be able to qualify for a loan. Whether your FICA score is too low, or your property doesn’t meet the federal requirements, or you need to close in under a month, give us a call at 707-523-2099.  You can also reach out through our website at www.Sunpacificmortgage.com.  We have helped thousands of other Borrowers and Buyers just like you over the past 34 years we have been in business in California.

Get Ahead Now – Loan of the Week!

Get Ahead Of The Herd With Private MoneyGet Ahead Of The Herd With Private Money

Need to pull equity out of your home? How about a quick refinance? Get you or someone you know ahead of the herd with our Direct Lending Programs!

Loan of the Week

Homebuyer in Contra Costa county came to us as they were turned down elsewhere due to debt-to-income ratio being too high.  They were looking for some fast refinancing of a $1,300,000 loan amount.  We had no problem with this and quickly gathered the needed items, got fast loan approval and the transaction completed within 11 days!

Visit our website at www.sunpacificmortgage.com or give us a call at 707-523-2099 with any questions or scenarios and we’ll quickly respond with how we can help you or someone you know, get ahead of the herd.

Should I Buy a New Home or Sell Mine First?

Should I Buy a New Home or Sell Mine First

There are pluses and minuses to both decisions, regardless of which one you choose. Therefore, let’s examine all off the possible consequences to buying a new home or selling first:

Pluses:

  • Being able to snag a home when you see one you want.
  • Fewer moving hassles and no storage fees.
  • Easier selling process.
  • Cash offers give you a firm competitive advantage.
  • You might be able to avoid some capital gains taxes.
  • Relieves the stress of living in your home while trying to sell it.

Minuses:

  • You might need to juggle 2 mortgages for a while, but in a seller’s market which we are in now, this may not be much of a problem.
  • Selling and buying on the same day may cause some unexpected problems, such as financing delays or schedule changes.
  • You might need to borrow from your retirement savings for the down payment.

It would appear that the advantages far outweigh the cons in this scenario. But what are the options that allow for buying before selling?

Firstly, you could make a contingency offer allowing you to back out of the offer if you fail to sell your home on time. This is a definite “no-go” in today’s market where homes are being snatched up in fewer than a week in most cases.

Secondly, Buyers who use the equity tied up in their present home allows them to make an attractive cash offer and have a competitive advantage during these fierce bidding wars.

A simple solution to buying before selling is our popular Bridge Loan program. Using the equity in your present home to obtain enough money to make your down payment, allows you to quickly seal the deal on your new home. Sun Pacific Mortgage has been offering this program for owner-occupied and investment properties for 34 years in California. If you need fast money to secure your dream home, give us a call at 707-523-2099. Lately, we have saved many homebuyers from losing their sought-after dream home by providing the funds for them to purchase before selling.

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