Let us help you with our FAST Private Money Loan Programs, just as we did below:
Give us a call at 707-523-2099 with any questions or scenarios. We will quickly answer with what we can do to help!
There has been a dearth of sellers for a few years now, but the summer months have been especially quiet as more families are taking vacations in this post-pandemic age.
Looking at MLS data for June, we find that Sonoma County buyers contracted to purchase 619 single-family homes, which is close to the number in June 2020. There were 514 new listings -10% fewer than the same time last year, and 620 homes closed escrows, a 32% increase over 2020.
Because of the frenetic pace of homes selling, and the lack of new inventory, only 684 homes were available to sell at the beginning of July, a stunning 22% fewer than last year.
Marin County saw the hottest market in the North Bay with only 181 new single-family homes for sale, 34% fewer than last year. 286 homes went into escrow and 328 homes closed escrow leaving the region with only 205 homes for sale at the beginning of July. The median home value rose to $1,778,000.
Given the fact that homes are selling faster than homes are being placed on the market, we can continue to expect prices to rise over the next few months.
If you want to secure a property in the North Bay but are being rejected by conventional lenders because of credit or difficulty to proving income, or you just need fast financing, call Sun Pacific Mortgage at 707-523-2099.
We have private investors to fund your mortgage in record time! With 33+ years of experience you can expect a quick, honest, and smooth closing. Give us a call to see what we can do for you.
Avoid any loan slows or disapprovals by coming to us for fast a Private Money loan!
We received a call from a San Mateo Broker and his Borrower, asking if we could perform one of our “fast miracles”. This individual wasn’t getting fast enough loan approval from his current Lender, and he didn’t want to miss out on a great house that he had finally gotten into contract on.
As one of our specialties is speed, we got right onto it:
We can help you with a loan, just like we did above. Call us at 707-523-2099 with your scenario today. Or visit our website at www.sunpacificmortgage.com. We’ll quickly reply with how we can help!
All real estate investing can be scary, but especially when talking about “hard money loans”. In reality, hard money loans are fairly common when it comes to real estate investing. By definition, hard money or privately funded loans, are just that: loans given by individuals instead of by a bank or traditional lending institution. Despite that simple explanation, there are still lots of myths about hard money loans. Let’s exam and dispel some of these here:
Sun Pacific Mortgage has been able to help thousands of borrowers and investors enhance their family wealth by being there when they were needed. We are the “Guys in the White Hats” who can rescue a real estate deal when it suddenly turns sour if Underwriting disapproves the loan; We are there for FAST financing needed for those quicker closes. Give us call (707-523-2099) to see what we can do for you.
Continuing our 33 year legacy, we are here if you need us. Call today: 707-523-2099 with questions or scenarios and we’ll let you know what we can do for you.
Alt-A Hard Money Loans!
By The Guys in the White Hats
This program offers lower hard money rates for your Buyers and Borrowers!
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:
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.
Are you a Broker/Lender? Click Here to see how to increase your success rate.
Are you a Realtor? Click Here to see how we can increase your closing rate.
Reports for last month show that the Peninsula is still a hot commodity. Homes are flying off the shelf with selling prices well above the asking price. Buyers can still expect to engage in bidding wars knowing that unless they get creative with their offer, they will probably lose out. All you need to do is examine the activity from July to see that real estate remains an extraordinarily strong seller’s market.
Menlo Park:
Foster City:
Belmont:
San Carlos:
San Mateo:
Burlingame:
In this market speed is everything! On the Peninsula in July, the average days on the market ranged from 6 days to 13 days. That doesn’t give a Buyer any time to dilly-dally.
If you want to be competitive in today’s real estate arena, getting pre-approved for a mortgage is essential. Beyond that step, consider a fast private money real estate loan from Sun Pacific Mortgage. We are known for our speed in closing deals in a week or less.
Give us a call at 707-523-2099 to get a bridge loan or a temporary purchase loan that you can refinance later when speed is of no consequence.
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:
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.
It is no surprise that single family homes continued to be snatched up as quickly as they hit the market in July. The data shows that available housing has continued to shrink even as the demand has escalated. Here are the results for July 2020:
Sonoma County
Marin County
Napa County
If you are looking for a fast close on your property purchase, consider a temporary mortgage through Sun Pacific Mortgage. We offer private lending opportunities that can be completed in a week, if needed! Give us a call at 707-523-2099 to see what we can do to help you during these frenetic paced real estate transactions.
We’ve got your back, continuing our 33-year legacy of helping rescue any loan that needs fast funding or doesn’t quite qualify at this time. We’ve got those FAST Private Money Loans!
See how we can help, as we did for these individuals below:
Call 707-523-2099 with questions or scenarios – we’ll quickly reply!
