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Stated Income Loans from Sun Pacific Mortgage

stated income loans

Experience has left a lot of us shuddering when we hear about mortgages based on “stated income.”  We remember the many Homeowners who fell into foreclosures and ended “upside down” in their mortgages largely because they were clearly unable to afford the mortgages they accepted.

Despite this, more recently one hears about the availability of “Stated Income” loans.  These can have multiple meanings and here at Sun Pacific, we want to be clear how our “stated loans financing” works:

Stated income loans from Private Investors are considerably more stable and credit worthy than the ones of a decade or so ago. We just require something showing income: this could be a CPA letter, employer letter, paystub, lease agreements, 3 months of bank statements, etc.  We also require proof that you, the Borrower, can repay the loan with income from available and stable source(s).

While other financial institutions require an excess of documentation to prove you do not exceed their debt-to-income ratios, need excess bank statements, tax return, etc. our company accepts a simple form of proof that verifies your ability to repay the proposed loan.  We do not have set debt-to-income ratios like majority of the other traditional and conventional entities.

Not having to provide boatloads of documentation makes the entire lending process less cumbersome and allows the loan to move through approvals much faster. For this reason, one can state their income, provide proof of such income and we can then often close a loan in less than a week.

If this sounds like a solution to your concerns, give us a call at 707-523-2099 to discuss a loan for your needs. Or visit our loan program page for Stated Income Loans by clicking here.

Fast Help for You – Recently Financed

Fast Help for You – Recently Financed

Let Our FAST Home Loans Help!

Are you in need of a mortgage for a home purchase?  How about a fast refinance?

If you need FAST financing or don’t qualify for conventional financing – yet, let us help you with our FAST Private Money Loan Programs, just as we did below:

Recently Funded

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We can be reached at 707-523-2099 or via our website at www.sunpacificmortgage.com.  We’ll quickly let you know what we can do to help you!

Bridge Financing with Sun Pacific Mortgage

Bridge Loan

One of our most sought-after financing programs, especially since the influx of multi offers occurring in home buying, has been our Bridge and Temporary Private Money Loan Programs.

Competition has been stiff over the past couple of years, prompting the need to make stronger initial purchase offers. Many of our Borrowers are looking for a solution that will allow them to purchase property before completing the sale of their existing home. The Bridge loan eliminates the need for any contingencies based on the sale of ones present home!

The Temp and Bridge loan programs also offer the use of equity, for assistance with a down payment on the new property.  We have devised a program that allows a term of 11 months with no prepayment penalty.  Rates primarily depend on Loan To Value.

If Private Money seems like a solution to your concerns about selling your home only to find you can’t find a replacement, give Sun Pacific Mortgage a call. With this program you can shop for your new house without the worries of your home selling in time.

We can be reached by phone at 707-523-2099 or by email through our website contact form: www.sunpacmortgage.com.

Feeling Grateful – Loan of the Week!

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Feeling Gratefall for Private Money!

Private Mortgages offer FAST financing! Our private money programs can rescue your real estate purchase or refinance that may be falling through due to difficult to prove income, credit problems, property condition, etc.

Many Borrowers feel grateful for our private financing:

Loan of the Week

An Agent referred her Buyer to us for a needed refinance on their primary residence, as they were in contract to buy an Investment property in Santa Monica, but was turned down at the last moment by their conventional lender due to difficult to prove income as was self-employed.

As their primary home property was owned free and clear, providing a $710,000 loan amount was an easy private loan for us to get approved. Within 11 days it was funded, and both Buyer and referring Real Estate Agent were grateful that this loan hadn’t fallen through!

 

Don’t let your purchase or refinance fall through in this hot Real Estate market! Give us a call at 707-523-2099 or email back with any questions or scenarios. Or visit our website at www.sunpacificmortgage.com.  We’ll be happy to get you a proposal on how we can help.

Fall Back On This – Refinance or Purchase!

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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!

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!

Frightfully Fast Financing For All!

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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.

Scary Good Home Financing!

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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.

Spooktacular Loan of the Week!

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.

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