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Local Cities Named as California’s Best Place to Live

August 15, 2017

1 2 No.9: Fremont (Alameda County) – Close To Silicon Valley.

In a recent study done by SmartAsset, 345 California cities were ranked the
best places to live with 5 of the top 10 spots going to the East Bay. Here
are the rankings:

No.1: San Ramon (Contra Costa County) – it is home to at least three
major corporate headquarters.

No.3: Dublin (Contra Costa County) – it is central to San Francisco,
Oakland, and San Jose.

No.5: Pleasanton tied for 5 th (Contra Costa County) – Safeway
headquarters.

No.9: Fremont (Alameda County) – close to Silicon Valley.

No.10: Hercules (Contra Costa County) – has the most affordable housing
of the top cities, with a median home value of $395,800.

All of these cities benefit by being in close proximity to San Francisco with
easy access to BART (Bay Area Rapid Transit).
Silicon Valley had 2 cities in the top 10:

No. 4: Foster City (San Mateo County) – Visa is headquartered here.

No. 7: Cupertino (San Mateo County) – Apple’s headquarters.

Some of the metrics used to determine ranking included: median monthly
housing cost, median home value, unemployment rate, and median
household income. This study used cities with at least a 20,000 population.

You can read the entire article at: https://smartasset.com/mortgage/the-
best-places- to-live- in-california

If you are looking for financing to make the move to one of these great
cities and need a fast loan or “not normal loan”, also known as hard money,
don’t hesitate to call us at 707-523- 2099 – we can help.

We Fund Large Loans!

August 10, 2017

1 1 Here At Sun Pacific Mortgage, We Offer Hard Money Financing For Jumbo Size Loans And Bigger, With Qualifications That Are More Forgiving Than Traditional And Conventional Financing.

Here at Sun Pacific Mortgage, we offer Hard Money financing for jumbo size loans and bigger, with qualifications that are more forgiving than traditional and conventional financing.

Jpeg Here At Sun Pacific Mortgage, We Offer Hard Money Financing For Jumbo Size Loans And Bigger, With Qualifications That Are More Forgiving Than Traditional And Conventional Financing.
Hard Money loans are the answer for someone with irregular income, tarnished credit, needs fast cash or property not qualifying for regular financing.  These are not issues with us.

We have two main qualifications:

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

Having been in business for almost 30 years now, we have seen it all, and we can usually make the seemingly impossible, possible.   Call Us today at 707-523-2099 and let get you’re your large loan funded!

How Much Do Utility Bills Add to Bay Area Homeownership Costs?

August 8, 2017

1 Last Month A Pacific Union Blog Ran An Eye-Opening Article On What The Cost Of Utility Bills Added To Homeownership In The Bay Area.  Surprisingly, The Bay Area’s Utilities Impacted The Cost Of Owning A Home Far Less On A Percentage-Point Basis Compared With The Rest Of The U.s!

Last month a Pacific Union Blog ran an eye-opening article on what the cost of utility bills added to homeownership in the Bay Area.  Surprisingly, the Bay Area’s utilities impacted the cost of owning a home far less on a percentage-point basis compared with the rest of the U.S!

You’re probably saying, “That’s not my experience!”  Because this study is based on the percentage comparison of utility cost vs. home value, Bay Area home owners get off easy compared to the rest of the nation.    

A tool provided by ATTOM Data Solutions offers data on utility costs by city.  The chart shows the impact of utilities on housing costs in the 10 most populous Bay Area cities by percentage of homeownership costs and monthly payments:  

2 Last Month A Pacific Union Blog Ran An Eye-Opening Article On What The Cost Of Utility Bills Added To Homeownership In The Bay Area.  Surprisingly, The Bay Area’s Utilities Impacted The Cost Of Owning A Home Far Less On A Percentage-Point Basis Compared With The Rest Of The U.s!

One way to offset the cost of some of your utility expense is by installing solar panels.  Besides significantly reducing your utility bills, homeowners net substantial returns on this investment.  For example, San Francisco and San Jose property values gained approximately an additional $10,000 for solar systems, and panels added more than $18,000 in Vallejo.

If you’re looking to increase the value of your home by “greening” your space or just looking to pay off expensive credit card debt and are having difficulty elsewhere for a loan, give us a call at Sun Pacific Mortgage.

Superhero Dynamic Duo Gets Loans Approved!

August 2, 2017

Jpeg Lack Of Inventory Has Real Estate A Bit Tight At The Moment. However, With Bridge Loans And Short-Term Loans, Real Estate Activity Can Be Increased And Benefit Those Home Owners Who Do Want To Sell And Those Home Buyers Who Want To Make Stronger Offers.

Lack of inventory has real estate a bit tight at the moment. However, with bridge loans and short-term loans, real estate activity can be increased and benefit those Home Owners who do want to sell and those Home Buyers who want to make stronger offers.

● This type of financing removes the stress of having to get into contract on a new home before one sells their current home.

● Purchase offers can be extra strong as the financing required to buy a new home is available, no longer requiring a contingency of one’s current house to be sold.

Let us help you, a client or someone you know with our hard money loans.  Call us today at 707-523-2099, we can fund fast!

Best, Broker & Broker – The Dynamic Duo a.k.a. The Guys in the White Hats

Some Of Our Funded Bridge and Temporary Loans:

Jpeg Lack Of Inventory Has Real Estate A Bit Tight At The Moment. However, With Bridge Loans And Short-Term Loans, Real Estate Activity Can Be Increased And Benefit Those Home Owners Who Do Want To Sell And Those Home Buyers Who Want To Make Stronger Offers.

Some Pitfalls to Avoid When Shopping For A Home

July 31, 2017

1 5 To The Uninitiated Home Buyer, The Process Of Becoming A Homeowner Can Be Daunting.  But Don’t Let These Cautions Deter You From Embarking On One Of The Best Financial Investments You Might Ever Make.  

To the uninitiated home buyer, the process of becoming a homeowner can be daunting.  But don’t let these cautions deter you from embarking on one of the best financial investments you might ever make.  

Connect up to a local experienced Real Estate Agent and Lender to help you navigate snags that can cost you a purchase or trap you in a nightmare.  Keep in mind a few common sense recommendations:

  • Line up your financing BEFORE you head out to look for property. You might want a million dollar house, but in reality, you can only afford half of that house.  Spare yourself the disappointment and save yourself and your agent time and energy.
  • Choose a reputable mortgage lender.  Your real estate agent can help you with recommendations.   If you have credit issues, Sun Pacific Mortgage can help you with a Hard Money Loan.
  • Get pre-qualified, not pre-approved.  Pre-qualification gives you a written commitment for financing up to a given amount that is good for up to 120 days.  This will make your offer have greater weight when your agent presents it to the seller.  To make an even stronger offer, consider Hard Money as a financing option if your offer keeps getting turned down.
  • Don’t lowball your offer.  This only insults the seller and in a seller’s market, where we find ourselves presently, it can kill the deal.  Your agent will give you comparable data to justify a legitimate price.
  • If you or your agent feels writing a personal letter to accompany the offer is a good idea, stick to the facts about the house that appeal to you.  Don’t overshare.
  • While you are in escrow refrain from making any big purchases because this may cause you to lose your funding by negatively impacting your debt-to-income ratio.  This is less of a problem for Hard Money loans so if you do get turned down at the last minute by your Lender, always know that Sun Pacific Mortgage is here to help get you fast financing.
  • Remember there will be closing costs.  Buyers and seller typically share the cost of these, but buyers shoulder the bigger burden.  Be sure to budget for these fees that your lender will disclose to you.


And remember, just because you have bad credit, the property is not pristine or you want to buy another home while waiting to sell your current house, does not mean you cannot qualify for a loan.  Sun Pacific Mortgage has been in the business of handling these types of situations for almost 30 years and have many happy clients as a result.  Please call us at 707-523-2099 to begin your journey toward homeownership!

Bay Area’s Hottest Spots for Home Flippers

July 25, 2017

1 4 A Recent Study Done By Attom Data Solutions States Some Zip Codes In The Bay Are Ranked Among The Nation’s Hottest Housing Market For Flippers. In The First Two Quarters Of 2017 Contra Costa County, Santa Clara County, And Solano County Were The Locations That Yielded The Highest Roi For Flippers.  Even Though The Bay Area Is One Of The More Expensive Places To Live In The Country, There Were Big Returns To Be Realized By Those Engaged In Flipping Houses.

A recent study done by ATTOM Data Solutions states some zip codes in the Bay are ranked among the nation’s hottest housing market for flippers. In the first two quarters of 2017 Contra Costa County, Santa Clara County, and Solano County were the locations that yielded the highest ROI for flippers.  Even though the Bay Area is one of the more expensive places to live in the country, there were big returns to be realized by those engaged in flipping houses.

Some of the more affordable cities who made the list include San Pablo, Concord, Pittsburg, Antioch, and Oakley in Contra Costa County with as much as a 62.9% ROI in one instance.

In Solano County, one of California’s hottest housing market in the past four months, a Fairfield zip code saw an ROI of 55% or $126,000.  Flippers in Campbell and some San Jose zip codes saw an ROI of 48.6% which equaled a happy return of $450,000!

With these outstanding returns, it is no wonder that flipping is alive and well in the Bay Area.  

As a Realtor or Lender, if you have been unable to help a client obtain a loan for one of these projects, give us a call at 707-523-2099.  We are in our 30th year of doing hard money loans in California, and getting loans approved for dump properties is no problem!

Visit our California North Bay Hard Money loans website: http://www.northbayhardmoneyloans.com/

Things You Might Overlook In Your Home Search

July 20, 2017

1 3 Some Of These Critical Features, Buyers Might Not Consider When House Hunting.  They May Not Be Deal Breakers For Some, But They Are Factors To Consider When Looking To Buy A Home:
You might think you have found your dream home, only to discover after you move in, that you missed some important “must-haves”.  I was reading a Realtor.com article recently and it was covering just this subject.  

Some of these critical features, buyers might not consider when house hunting.  They may not be deal breakers for some, but they are factors to consider when looking to buy a home:

  1. What is the neighborhood like at night?  Besides the safety issues, the neighborhood can change substantially at night when everyone is home from work and school.  
  2. The daily commute and traffic problems should be considered at various times of the day and evening.  You should know what it will take to get home because  you don’t want to arrive at your “dream home” after a “nightmare ride”.
  3. Read the CC&Rs carefully if you are buying into a homeowner’s association.  Many an unsuspecting homeowner has been surprised to find that they cannot park on the street in front of their house, for example.
  4. Some regulations might exist whereby you cannot rent out any part of your home for a short-term as on Airbnb, but you were counting on the extra income.
  5. The ratio of bedrooms to bathrooms is critical.  Most homeowners are comfortable with a Master Bath and at least one other bathroom.  A bathroom on every floor works best.
  6. If your property is on a septic system, has a well, or solar panels, a specialty inspection should be done to assure the integrity of these units.  These inspections are not part of the general home inspection.
  7. Don’t get “wowed” by the added amenities which can always be added after the sale and forget to focus on the things that cannot be changed or improved, like location and lot configuration.
  8. Keep in mind the resale value of your property.  Negative factors might not be important to you, but consider their impact on the rest of the buying public when you get ready to sell.
  9. Consider your future family needs for the home.  Will you need more space?  Will you need a home office?  Will you need to be near a good school and/or park?

After taking into account all of these considerations, align yourself with a local and reputable Realtor and Lender, who can make your dream come true.  

If you are looking to make a stronger offer, get a fast loan or have less than stellar credit, make that Lender Sun Pacific Mortgage!  We have been a Hard Money Lender in Santa Rosa for 29 years, and have helped hundreds of buyers who might otherwise have been kept out of the real estate market due to the stringent  requirements of traditional lenders.  Check out our Sonoma County based location website here: http://www.sonomacountyhardmoneyloans.com/

Please call us at 707-523-2099 and begin your journey toward homeownership.

Bay Area Real Estate Investors Reaping Large Profits

July 18, 2017

1 2 According To A Recent Report From Pacific Union, Real Estate Sellers In Three Local Metro Areas Enjoyed The Largest Return On Their Investments In The Country Last Year!  Sellers In The Bay Area Made More Than Three Times The National Average With San Francisco And San Jose Leading The Nation For The Largest Seller Profits.  Both Of These Areas Topped 69% In Profits Since The Date Of Purchase.  Santa Rosa Ranked 3Rd With 52% And Los Angeles Came In At A Respectable 49%.

According to a recent report from Pacific Union, real estate sellers in three local metro areas enjoyed the largest return on their investments in the country last year!  Sellers in the Bay Area made more than three times the national average with San Francisco and San Jose leading the nation for the largest seller profits.  Both of these areas topped 69% in profits since the date of purchase.  Santa Rosa ranked 3rd with 52% and Los Angeles came in at a respectable 49%.

While these figures provide a rosy picture of 2016, 2017 has continued to enjoy strong real estate appreciation well into the year.  Distressed sales of single family and condominium transactions are the lowest since 2008.  Some very reputable analysts do not predict a recession in the next 2 years, which would make this the longest stretch of economic prosperity in modern American history.

Why wait to invest in this lucrative avenue to potential wealth?  All signs point to the advantages of growing your assets in this economy through real estate investments.

We here at Sun Pacific Mortgage are ready to assist with such investment.  We regularly have Trust Deeds available, offering 1st mortgages for California properties.  We have been in business for over 29 years now, so have much experience in this area.

As an Investor you can upwards of 13% return, earnings that are not easily found elsewhere in our economy.  Let us help as you diversify your portfolio.  Here is our webpage to provide further information on how we can work together:  https://www.sunpacificmortgage.com//hard-money-investor-tutorial/

Superheroes Fund Not-Normal Loans

July 11, 2017

 

Superhero Men Our “Not-Normal Loans” Have Just 2 Main Qualifications:

Our “not-normal loans” have just 2 main qualifications:

  • Decent existing equity or at least 25% down payment.
  • An ability to repay the loan (source of income).

Known as Hard Money, these loans might enable you to bring that superhero offer to a Seller or to be the superhero Agent for your client. Financing available for owner occupied, non-owner, some commercial and land loans.

We stand ready to help you, a client or someone you know with our “not-normal loan” programs! Call us today at 707-523-2099.

Best, Broker & Broker – The Superhero Guys in the White Hats

Recently Funded Not-Normal Loans:

Santa Rosa, California (Sonoma County)
Loan Amount: $360,000
Loan Program: Investment Property Purchase
Loan To Value: 60%
Days To Fund: 8 days
Why Turned Down Elsewhere: FICO issues

Orangevale, California (Sacramento County)
Loan Amount: $295,000
Loan Program: Owner Occupied Business Purpose
Loan To Value: 65%
Days To Fund: 19 days
Why Turned Down Elsewhere: Bankruptcy

South Lake Tahoe, California (El Dorado County)
Loan Amount: $311,000
Loan Program: Owner Occupied Temporary
Loan To Value: 64%
Days To Fund: 14 days
Why Turned Down Elsewhere: Property condition

Santa Rosa, California (Sonoma County)
Loan Amount: $568,000
Loan Program: Bridge loan
Loan To Value: 80%
Days To Fund: 12 days
Why Turned Down Elsewhere: Needed a fast loan

Vallejo, California (Solano County)
Loan Amount: $420,000
Loan Program: Investment Property Refinance
Loan To Value: 56%
Days To Fund: 24 days
Why Turned Down Elsewhere: Short sale

Note:  Get our financing despite bad credit, difficult to prove income, property a fixer, etc!  We finance Jumbo loans, Bridge and short term loans, Owner Occupied purchases and refinances, investment purchases, commercial and land.

Good News For Real Estate Investing

July 7, 2017

1 As A Real Estate Investor You Are Naturally Concerned With The Appreciation Of Your Property.  Well, Here’s Some Good News:  The Bay Area Saw An Average Of 8 Percent Annual Home Price Appreciation From January Through April Of 2017.  This Information Comes From Selma Hepp, Pacific Union’s Chief Economist.  

As a real estate Investor you are naturally concerned with the appreciation of your property.  Well, here’s some good news:  the Bay Area saw an average of 8 percent annual home price appreciation from January through April of 2017.  This information comes from Selma Hepp, Pacific Union’s Chief Economist.  

Below is a summary of the 10 Bay Area ZIP codes that experienced the largest housing price gains and losses as of April.

This information presents an attractive incentive to look at real estate trust deed investments as a viable option for wealth growth.

We offer such trust deeds for California real estate investing.   Here is some further information from our website directly as to how we operate and how you can earn 10-13% return on your investment:  https://www.sunpacificmortgage.com//hard-money-investor-tutorial/

Call us at 707-523-2099 with any questions or to sign up and become an Investor with us.

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