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What Are Loan Options For Borrowers with Bad Credit?

What Are Loan Options For Borrowers with Bad Credit

Life happens, and with it sometimes it has less than desirable consequences.  An example of a negative impact on our lives is a bad credit report.  This damaging report isn’t always a sign of irresponsible choices but can just as easily be the result of an unexpected and disastrous health or financial occurrence.

Unfortunately, FICO scores don’t take into account extraneous circumstances that may have led to the disruption of your good credit.  A Hard Money loan, also known as a Private Money loan, can be the lifeboat that offers a temporary “work-around” until such reports can be remedied.

With a poor credit or bad credit score, banks and other lending institutions might deem you too high a risk and decline your loan application.  Additionally, conventional lenders will disqualify an unoccupied commercial space, fixer-uppers, and residential properties, both owner occupied and rentals because they don’t meet the federal requirements.

If you find a great real estate opportunity but can’t qualify for a conventional loan, our investors are here to help.  Helping Borrowers and Investors is what Sun Pacific Mortgage has done for the past 33 years for the California real estate community.  We match up Borrower and Investor to maximize the financial rewards for both.

Give us a call at 707-523-2099 if you need a fast, Private Money loan or you are an Investor looking to maximize your returns, through Trust Deed investments.

Direct Financing For Your Buyers

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  • FAST Closing
  • Stated Income (Business Purpose Loans)
  • Primary Residence Financing
  • Never ran out of money after 33 years in business!

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Call today 707-523-2099 with your scenario.

The Guys in the White Hats; Continuing the legacy of 33+ years of Private Money lending!

 

Fast Private Money Loans

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Recently funded by us:

  • Primary Residence Purchase
  • 437,000 loan amount
  • 61% LTV
  • Morgan Hill, CA
  • 2 Week Close!

At Sun Pacific Mortgage we continue the 33 year legacy of providing Private Money financing!

Routinely contacted by Home Buyers and Home Owners, who need FAST financing or are unable to get a home loan elsewhere.  Sometimes it is because of your FICO score or difficult to prove income, etc. Other times it is simply because you want a stronger purchase offer with shorter 10-day close.

Give us a call at 707-523-2099 with any questions or scenarios and we’ll quickly get back to you with how we can help!

Want More Loan Options?

Want More Loan Options

Continuing the legacy of 33 years; We offer FAST private money financing for your real estate needs:

  • FAST Loans
  • More forgiving qualifications
  • We Can Help Despite Being Turned Down Elsewhere!

Loan of the Week

A Broker from Santa Clara called us, requesting fast help with a Borrower she had.  This particular Homeowner was looking for a fast refinance and cash-out of their primary residence, so they could purchase an investment property for 560K.

They were in Escrow and his loan had just fallen through, due to some trouble with proof of income.  He was about to lose out on a great investment purchase, so his Broker made the smart move and brought him to us for fast financing.

With an LTV of just 48%, in 9 days we had his refinance approved, through Escrow and his new investment property keys in hand!

Get trusted and friendly service from our family owned & operated company, in business over 33 years.

Call today 707-523-2099 with your scenario.

Get Your Loan Funded This Month!

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Continuing the legacy of over 3 decades:

  • We offer FAST Loans.
  • Credit Problems Okay.
  • Primary Residence & Investment Properties Financed. 
  • We have the Investors with the money.

Recently Financed by Us:

Call today 707-523-2099 with your scenario!

We Can Help – Like We Did These Borrowers!

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  • FAST Loans!
  • 34th Year In Business
  • Turned Down Elsewhere – We Can Help!
  • Trusted By Over 10,000 Borrowers

We continue to carry on the legacy of our late Broker and Co-Owner Forest, after 3+ decades of Private Money Lending.  Still here to help!

Funded By Us

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Call Us now at 707-523-2099 with any questions or scenarios.  We will quickly let you know how we can help your Borrowers.

 

Need A Better Lending Option?

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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.

 

 

 

Need Fast Loan Rescuing?

3 deccades of lending new

Carrying on the 3 decade legacy of our family owned and operated Private Money Lending Company.

  • Get FAST Loans
  • Family Owned and Operated
  • Credit Problems OK
  • Jumbo Loans Provided

Recently Funded:

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Call Us now at 707-523-2099 or email back any questions or scenarios.  We will quickly let you know how we can help!

Best, Ken – The Guys in the White Hats

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