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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.

Sonoma County Real Estate Sales

Sonoma County Coming Out on Top in Move North

Sales Comparison March 2020 – August 2021

On September 26th, an article in the Press Democrat quoted statistics sourced by Compass Real Estate Brokerage for single-family home sales over past six months of 2021.  These were compared to those same numbers for 2020.  They reveal what we all knew: real estate has been booming in our neck of the woods lately!  Here are the facts to support this well-known belief:

MONTH                          NUMBER OF HOMES SOLD     MEDIAN PRICE

March 2020                       301                                              $678,910

March 2021                       421                                              $767,000

April 2020                          249                                              $659,000

April 2021                          580                                              $775,000

May 2020                           206                                              $674,495

May 2021                           546                                              $780,000

June 2020                          457                                              $710,000

June 2021                          613                                              $825,000

July 2020                            606                                              $720,000

July 2021                            663                                              $761,000

August 2020                       556                                              $701,000

August 2021                       596                                              $770,000

While the momentum may have somewhat slowed in the past month, it is still on a robust course to smash past records.  The only thing putting the brakes on sales lately is the pervasive lack of inventory.  Some of this hesitancy on the part of Sellers may be because they are concerned that they will not be able to find a replacement home fast enough after selling their present home.

Sun Pacific Mortgage has a solution: a fast, short-term, private money bridge loan!  By accessing the equity in your home before you sell, you can afford a down payment on your future home.   You can also use existing equity in your current home and merge it with the equity in the new home you want to buy – also a Bridge loan that is short term and can help you accomplish a stronger purchase offer!  With homes selling quickly and with multiple offers over asking prices, this strategy will give you the edge you need in this economy.  Call Us at 707-523-2099 to see what we can do for 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:

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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.

How Is the Autumn Real Estate in Sonoma County?

How Is the Autumn Real Estate in Sonoma County

There has been incredible movement upward in the real estate world of Sonoma County this past year. To realize just how robust the market was this year, we have only to examine the increased price per square foot in each city or region. A quick recap follows:

  • Sonoma County: Ave. price per sq.ft.= $528 (up 10%)
  • Sonoma Coast:  Ave. price per sq.ft.= $817 (up 61%)
  • Russian River region: Ave. price per sq.ft.= $578 (up 53%)
  • Windsor:  Ave. price per sq.ft.= $476 (up 27%)
  • Healdsburg:  Ave. price per sq.ft.= $830 (up 22%)
  • Petaluma Westside:  Ave. price per sq.ft.= $628 (up 21%)
  • Petaluma Eastside: Ave. price per sq.ft.= $477 (up 10%)
  • Northeast Santa Rosa: Ave. price per sq.ft.= $469 (up 13%)
  • Northwest Santa Rosa:  Ave. price per sq.ft.= $451. (up 13%)
  • Southwest Santa Rosa:  Ave. price per sq.ft.=$431 (up 4%)
  • Cloverdale:  Ave. price per sq.ft.= $450 (up 13%)
  • Cotati and Rohnert Park:  Ave. price per sq.ft.= $429 (up 6%)
  • Sebastopol:  Ave. price per sq.ft.= $578 (up 2%)
  • Oakmont:   Ave. price per sq.ft.= (up 2%)
  • Kenwood and Glen Ellen:  Ave. price per sq.ft.= $746 (down 6%)

It becomes obvious that the North Bay real estate market has seen an incredible value increase over this past year!  Will it continue for the remainder of the year? That depends on how many Sellers come to the table between now and December 31.

If you have been frustrated in the bidding wars you have encountered lately, give family owned and operated Sun Pacific Mortgage a call now, at 707-523-2099. We can quickly get you pre-approved so you can present yourself as a serious Buyer when you make your offer to that Seller!  We have been a private mortgage lending company, servicing all of California for the past 33+ years – and are here to help get you that home you want.

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

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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.

Need A Better Lending Option?

carrying on the legacy of hard money

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.

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