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We Fund BIG Loans!

Jpeg Here At Sun Pacific Mortgage, We Offer Hard Money Financing For Jumbo Size Loans And Larger.  We Have Qualifications That Are More Forgiving Than Conventional And Traditional Loan Programs.

Here at Sun Pacific Mortgage, we offer Hard Money financing for Jumbo size loans and larger.  We have qualifications that are more forgiving than conventional and traditional loan programs.

Recently Funded Hard Money Jumbo Loan

$770,000 – Redwood City in San Mateo County

68% Loan to value

16 days to close

Our type of financing programs is the answer for those who need fast financing, have irregular income, property condition is poor so does not qualify for regular financing or have tarnished credit.  These are not issues with us!

We have seen it all, having been in business for 30 years now.  We can usually make the seemingly impossible, possible!

Call Us today at 707-523-2099 and see how we can help you or a client.

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

We Fund Them BIG

Promo4Guyshat2 Only Two Main Qualifications For Our Hard Money Loans:

Only two main qualifications for our Hard Money Loans:

1. Equity or a decent down payment.

2. An ability to repay the loan.

 

RECENTLY FUNDED BY US

NOTE: We can finance up to 75% Loan to Value, case by case basis.

Single Family Houses, Condos, Principal Residences

$700,000 – Sonoma in Sonoma County, California
Non-Owner 2nd
3 Years Interest Only
8 days to Fund!

$1,050,000 – San Juan Capistrano in Orange County, California
Owner Occupied Temporary
12 Months Interest Only
15 Days to Fund!

$462,000 – San Leandro in Alameda County, California
Owner Occupied Business Purpose Refinance
12 Months Interest Only
9 Days to Fund!

 

Multi-Family Units, Commerical, Office & Land

$540,000 – Petaluma in Sonoma County, California
Non-Owner Purchase
2 Year Interest Only
17 Days to Fund!

$878,000 – Orange in Santa Ana County, California
Non-Owner Refinance
12 Months Interest Only
12 Days to Fund!

$780,000 – Pomona in San Bernardino County, California
Non-Owner Refinance
12 Months Interest Only
22 Days to Fund

 

Make Your Dream A Reality in 2018

1 Owning Your Own Home Doesn’t Need To Be A Fairy Tale Or A Figment Of Your Imagination.  2018 Can Be The Year You Make It Happen By Simply Dispelling Some Commonly Held Homebuying Myths Regarding Age And First-Time Home Buyers.  

Owning your own home doesn’t need to be a fairy tale or a figment of your imagination.  2018 can be the year you make it happen by simply dispelling some commonly held homebuying myths regarding age and first-time home buyers.  

According to realtor.com, 65% of all surveyed homebuyers were first-time buyers and 40% of all homebuyers are 34 years old and younger.  More Millennials and Gen Y have gotten into the real estate market as rents rise, making it a more palliative option.  Renting means paying someone  else’s mortgage.  

How are the first-time buyers finding the down payment?  Some have set up small, weekly automatic bank transfers to savings, some have borrowed from family to help with the down payment, and many have made deep cuts into their budgets like brown bagging it, limiting trips and foregoing more expensive forms of entertainment.

The realtor.com Home Affordability Calculator can help to determine what price range you can afford.  If you find that you do not qualify for a conventional loan, Sun Pacific Mortgage is here to help you get into your first home and to begin establishing equity for the future, using their Hard Money loan programs.     

 

The Comeback of Multigenerational Housing

1 During The Last Decade The Real Estate Market Has Seen A Phenomenon That It Has Not Experienced Since The 1950S…A Significant Increase In Multigenerational Homes.  According To A Recent Study,  About 21% Or 32 Million Americans Share A Roof With Their Grown Children Or Parents.  A Report By The National Association Of Realtors (Nar)  States That 13% Of Home Buyers Purchased Mutigenerational Homes Last Year.  

During the last decade the real estate market has seen a phenomenon that it has not experienced since the 1950s…a significant increase in multigenerational homes.  According to a recent study,  about 21% or 32 million Americans share a roof with their grown children or parents.  A report by the National Association of Realtors (NAR)  states that 13% of home buyers purchased mutigenerational homes last year.  

There are several reasons prompting  buyers to invest in this type of housing.  Among them are:

  • They are looking for ways to care for aging parents (22%, up from 19% last year)
  • Cost saving (17%)
  • Children over 18 moving back home while they attend school or save for a down payment (16%, up from 14% last year)

This shift may also be a result of some social changes over the past several years.  The growth of racial and ethnic diversity in the U.S. explains some of this housing picture. Statistics indicate that the majority of the shared housing falls into these groups:

  • Asians (28%)
  • Hispanics (25%)
  • African-Americans (25%)
  • U.S. whites (15%)

The bottom line reads like this:  Multigenerational households are making a dramatic comeback.  At a time when housing prices continue to rise and housing inventory is at an all time low, this shift from the nuclear home offers a solution to many families today.

If you need financial assistance in purchasing your next home, and you do not qualify for a conventional loan, give us a call at 707-523-2099  We can help get you into the home that works for your family’s needs.

Superheroes Fund Not-Normal Loans

Got Superheros Both Broker And Broker When You Need A Fast Response And Faster Home Loan, We Are Here For You!  We Are Known For Our Ability To Provide Speedy Financing For Your Real Estate Needs.  

When you need a fast response and faster home loan, we are here for you!  We are known for our ability to provide speedy financing for your real estate needs.  

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 Home Buyer client.

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: $568,000
Loan Program: Bridge loan
Loan To Value: 78%
Days To Fund: 12 days
Why Turned Down Elsewhere: Needed a fast loan

 

Orangevale, California (Sacramento County)
Loan Amount: $395,000
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: $460,000
Loan Program: Investment Property Purchase
Loan To Value: 60%
Days To Fund: 8 days
Why Turned Down Elsewhere: FICO issues

 

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

Loan of the Month – Helping People Makes Me Smile.

Jpeg Helping People Makes Me Smile.

Helping People Makes Me Smile.

We have been offering Hard Money Loans for almost 30 years now, and it still makes me happy to do what I do.

Earlier this month, a Homebuyer called in, looking for a quick loan on a home she wanted to purchase in San Diego.

She had contacted several other Hard Money Lenders, but because it was an owner-occupied purchase, she was not able to find a willing lender who could get her $455,000.

My office has a program for primary residence loans, and within 8 days, her loan was funded!

This transaction highlights one of our notable capabilities:  Fast closings.

Call us today at 707-523-2099 for fast, professional and expert Hard Money services.

How To Say Goodbye To Your Home

1 1 Since The Sonoma And Napa Fires We Have Been Forced To Think About Saying “Goodbye” To Many Things, Not The Least Of Which Is Our Home.  Those Who Are Fortunate Enough To Sell Their Home To A Willing Buyer, May Also Experience A Great Sense Of Loss.   Our Home Is The Place Where We Find Comfort And Security,  And Where We Have Made Hundreds Of Memories Over The Years We Have Lived There.

Since the Sonoma and Napa fires we have been forced to think about saying “Goodbye” to many things, not the least of which is our home.  Those who are fortunate enough to sell their home to a willing buyer, may also experience a great sense of loss.   Our home is the place where we find comfort and security,  and where we have made hundreds of memories over the years we have lived there.

So how might we say “Farewell, dear friend” to the four walls that have seen so much of our lives…our laughter, our tears, our sorrows and our happiness?  The following are just a few suggestions gleaned from some military families who have learned to leave their homes over and over when duty calls.

One family said it helps to visit each room together sharing a special memory associated with that space.  As you leave each room, say “Goodbye, room” and move on to the next.

Another helpful ritual is to take a photo of the house that you are leaving to help remember the years spent in that home.  Even better is videotaping each room before you move.  

And, lastly, rather than leaving behind gorgeous plants and fruit trees that you’ve spent years nurturing, take seeds with you as a way to carry your old home to your new home.

If you need help finding the financing for your next home and do not qualify for a conventional loan, give us a call at 707-523-2099

We Are Thankful For Being Able To Help Others With Our Loans

A Recent Hard Money Borrower Sent Us The Following:

“I wanted to thank you for your help in saving our home.

“Sun Pacific Mortgage and their hard money Lenders/Investors allowed us to save our home with a temporary hard money loan.  After going through a difficult financial time, we fell behind on our mortgage which prevented us from securing a conventional mortgage.   We were on the verge of making the difficult choice of selling our home or foreclosing, before contacting Sun Pacific Mortgage.

“The mortgage brokered by Sun Pacific Mortgage helped us save our home, which gave us time to clean up our credit.

“In addition, our Investor/Lender was flexible in extending our loan several months while we secured a conventional loan.  It was a win-win for everyone!

“After a two-year process, we are closing on a conventional refinance today!

“My family and I are eternally grateful for your service and the role Sun Pacific played in saving our home.

“Thank you again!” – Happy Borrower, D.B.

Don’t hesitate to call us at (707) 523-2099

Are You Asking “Should I Buy or Rent?”

1 It Is Surprising That Even With The Sustained Rise In Home Prices Over The Last Couple Of Years, Buying A Home Can Be Noticeably Less Expensive Than Renting One In The Bay Area.

It is surprising that even with the sustained rise in home prices over the last couple of years, buying a home can be noticeably less expensive than renting one in the Bay Area.

There was a recent study done that determined buying is 13% cheaper than renting a comparable home in the San Francisco Marin, and San Mateo counties. It jumps to 24% when you consider areas such as the Oakland area, which includes Alameda and Contra Costa counties.

Trulia does not see this picture changing significantly any time soon.  They predict a possible 2% decrease in the San Francisco housing market and 5.5% in the Oakland market.

But homeownership is much more than a comparison of mortgages vs. rents. In a study done by the California Association of Realtors, close to 75% of renters ranked homeownership as “important”.  Out of the group of renters surveyed, 44% said they were renting for financial reasons.  They regret the lack of equity building and the uncertainty of their monthly rental budget.

If you would like to cross over from “Renter” to “Owner”, but find yourself renting because you have credit issues, Sun Pacific Mortgage is here for you.  Our investors are more concerned with your ability to make your payments and the value of the property than in a credit score number, unlike traditional lending institutions.

If you would like to change your status from “Renter” to “Owner”, give us a call at 707-523-2099.

As We Rise From The Ashes

Fk As We All Begin To Emerge Out Of The Smoke And Ashes To A New Reality, We Are Faced With Numerous, Difficult Hurdles.  Rebuilding Or Finding A New Home Is One Of The Major Issues Faced By So Many Today.

As we all begin to emerge out of the smoke and ashes to a new reality, we are faced with numerous, difficult hurdles.  Rebuilding or finding a new home is one of the major issues faced by so many today.

At Sun Pacific Mortgage we are standing ready to help with any of your financing problems.  We have already been contacted by several of our past borrowers, as well as new clients, to start the loan process on replacement homes.  These clients need a fast response and faster cash to secure homes that they are fortunate enough to find.  We are known for our ability to provide financing as soon as one week depending on how quickly we are provided the necessary documents.  

If you need a trusted partner in this journey toward the “new normal”, give us a call and we will be pleased to provide you with the financial means to establish your “new beginning”.

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