Alt-A Hard Money Loans! By The Guys in the White Hats
This program offers lower hard money rates for your Buyers and Borrowers!
Faster Funding – of Purchases and Refinances
Borrowers with good credit (640+)
Lower Loan To Value (64% LTV or lower)
Nice property in good location
Continuing a 33 year legacy of Hard Money lending – also known as Private money. This newer and quite popular loan program is for Borrowers and Buyers who are just shy of qualifying for “A” paper.
Recently Funded Alt-A Scenario By Us:
Non-Owner Occupied Purchase: $946,870
Loan To Value: 62%
Santa Rosa Home Buyer was turned down by her Lender, 27 days into a 30-day Escrow. Had all qualifications checked except a last-minute issue as to proof of income, which resulted in Underwriting withdrawing loan approval.
The Buyer’s Agent luckily called our office, requesting quick help. With a low LTV of 62%, within just 4 days we had loan approved and funds ready for her purchase of $946,870!
In addition to this newer program, we continue to provide our traditional Private Money loan programs for those in need of fast cash, turned down elsewhere for credit issues or difficult to prove income.
Call us at 707-523-2099 with any questions or scenarios and we’ll reply quickly with what we can do for your Buyers or Borrowers.
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!
Credit Issues Are Not A Problem
Family Owned & Operated
We Are A Direct Lender
Loan of the Week
A Broker in Santa Clara County sent his Borrower’s loan to us, due to some 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 732,000 jumbo loan 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 you are having difficulty getting loan approval? Give us a call today at 707-523-2099 or reply back here. We’ll be happy to get you a proposal on how we can help with our private money loan programs.
Carrying on the legacy of 33+ years of private money lending:
Million Dollar Loans Provided!
Credit Problems Okay!
Trusted By Over 10,000 Borrowers!
Loan of the Week
A Home Buyer was referred to us by his Realtor and Lender in Marin, as they were unable to get final Underwriting approval for his home purchase. This particular Buyer had credit issues requiring a few more months of handling before he could fully qualify for conventional financing. However, since he was already in contract he did not want to lose out so they referred him to us for fast help.
He needed short-term Jumbo financing of 705,000. Despite the size of loan, with a lower LTV of 62%, we were able to quickly get this approved, funded and money to Escrow within just 7 days!
Call Us Today at 707-523-2099 with any questions or your scenario!
While the housing market forecast for the second half of this year remains healthy, there may not be a better time to sell than right now. According to the National Association of Realtors (NAR), homes are selling in an average of 17 days, and in California that number drops significantly.
Average days on the market is a strong indicator of buyer competition, and homes selling quickly is a great sign for sellers, not so much for buyers! With inventory down, sellers can expect to receive multiple offers on their home in today’s market. NAR reports sellers are seeing an average of 5 offers, and these are competitive ones.
If you doubted the competitiveness of today’s real estate market, you have only to look at a recent review of the San Francisco Peninsula statistics for June. This data shows listings sold for anywhere from 8%-15% above asking price. This opportunity to pick and choose what offer to accept allows the seller to select the one that makes the most sense for their situation and financial well-being.
Over the past couple of years in California, homeowners have gained significant equity. Equipped with this leverage, many sellers are looking to buy more suitable housing for their families. But what if you find the home of your dreams and you haven’t yet sold your existing house? To make a clean offer and help ensure the purchase of your new home, buyers are looking for fast bridge loans to span the gap.
Sun Pacific Mortgage (707-523-2099) has offers a variety of private money mortgage programs, among them, bridge loans for both owner-occupied and investment properties. By borrowing the equity for a short amount of time a buyer can close an escrow faster and not risk the chance of losing their desired new property by tacking on a contingency to their offer.
Our family owned and operated company of more than 33 years, has been able to get the necessary funds into escrow within a week, far sooner than conventional lending institutions. Give us the opportunity to help you with real estate funding in California.
We want to help you and your Borrowers crush summer with our Private Money programs, just like we did for this referring Broker:
“You and your team are hands down the best out there and you never cease to amaze me. I truly feel blessed that I have you as my go to for Hard Money, as you have helped me save and earn the trust of so many great clients . Many many thanks for another successful closing Ken!” – Snr Broker Associate, T.C. G.
Funded By Us
Call Us now at 707-523-2099 with your scenarios. We’ll quickly let you know how we can help you.
With home prices at record highs and properties, especially in California, flying off the market in just hours, it’s no wonder that the Google search for “when is the housing market going to crash” has spiked dramatically in recent weeks.
Although this present housing mania may remind us of the mid-2000 bubble, experts say there’s no reason to prepare for a crash-landing like in 2008 and 2009. This time the reason is simply a result of supply-and-demand. There are just not enough homes to satisfy all the prospective Buyers out there.
According to Ali Wolf, chief economist at building consultancy Zonda:
“Today’s prices feel unsustainable, today’s frenzy feels unsustainable. But that doesn’t mean there’s going to be a crash. That’s bad news for a lot of shoppers who are hoping for prices to come down.”
He continues with the prediction that over the next year or two, prices will continue to rise, but at a much slower pace. Bidding wars will taper off, and the astronomical offers over asking price will eventually come down, because there is no way the double-digit price growth can continue long term.
We are all aware that today there are far more Buyers than homes for sale. That is another sharp reversal from the late 2000s. Back then, overbuilding yielded far more properties than there were Buyers. Now there isn’t enough new construction to meet the demand.
Probably, the most important factor in the last collapse were the bad mortgages. Thankfully, these have largely disappeared from the market. Today’s Buyers may be paying top dollar, but they have been carefully vetted to ensure they can afford their mortgages.
If you want to get into a new home before prices escalate even more, how about presenting a stronger offer with faster close by taking advantage of a private home loan? Or, if you find you don’t quite qualify for the more rigorous conditions required in a conventional mortgage today, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.
We have helped thousands of Buyers over the past 33 years with our private money real estate loans in California. We even offer owner-occupied home loans.
A Real Estate Broker in Contra Costa sent his Borrower’s loan to us, due to difficult to prove income as was self employed.
This Borrower needed 629,000 quickly to refinance his primary residence and pull cash out for debt consolidation. For this million-dollar property, with a loan to value of 42%, it took us just 9 days to complete the transaction and get cash in hand!
If you or someone you know needs a little more speed or flexibility in qualifying for a home loan, give us a call at 707-523-2099. I will quickly get you a proposal as to how we can help with our private money loan programs!
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.