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Since 1988 Offering Owner Occupied Home Loans – Purchase and Refinance (California Only)

owneroccupiedhomeloan

Trusted Hard Money Loan Source for Owner-Occupied Properties

There are very few Hard Money companies that do Owner Occupied, both Business and Consumer Purpose loans, but we do. The distinction between these programs is based on Federal and State guidelines.

Since 1988, we have provided 2 different programs for business purpose and consumer purpose loans on Owner Occupied properties:

  • The loan terms/length depends on a Borrower’s exit strategy. Terms can be either 11 months interest only or 15 years (with the first 3 years interest only and remaining 12 years fully amortized with principal & interest).
  • Loan to value is how we operate; credit is not the determining factor.
  • We can cover up to 70-75% of a property’s purchase price or 65-70% of existing value for a refinance or cash-out).
  • The property needs to be in California as this is the only State we are licensed for.
  • Minimum loan size our Private Investors prefer to lend is $150,000 and maximum is $2,000,000.

Do the Rules Change for Owner-Occupied Loans?

First, what is an Owner-Occupied loan? This is a type of loan with various terms, depending on the Lender, offered based on the occupancy status of the property.  An owner-occupied loan is a loan on the residence the borrower will live in primarily. However, such a loan would also apply to a secondary residence, which is occupied for 14 days or more within a calendar year.

Who Can Take Out an Owner-Occupied Loan?

A Home Buyer wanting to buy a home to live in themselves or a Home Owner who wants to refinance their primary residence.

This type of loan is quite beneficial to those with higher debt-to-income ratios, difficult to prove income, such as self-employed individuals; persons with foreclosures, short sales, or even a bankruptcy; this is the flexible financing that many individual borrowers are hoping for, when they can’t get a home loan elsewhere.

owneroccupiedloans

Who Does Owner-Occupied Hard Money Loans?

The number of Hard Money Lenders who offer owner-occupied loans has decreased significantly due to the stringent regulations imposed by the government.  Regulations at both the Federal and State level keep Brokers from offering these loans because of the work involved. These loans require additional regulatory licensing that some lenders do not want to obtain.  However, Sun Pacific Mortgage recognizes the vital need for this type of loan and will continue to offer this program.

If you would like to explore the possibility of a hard money loan for an owner-occupied residence, Sun Pacific Mortgage has many years of experience helping clients achieve their dream-home.  Give us a call today or email us through our website form below and see what we can do for you!

Owner Occupied Principal Residence Lender – In Detail


Don’t hesitate to CALL NOW (707) 523-2099 for a free proposal, have any questions answered, or to start your loan process.


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Do you have a question? We can help. Simply fill out the form below and we’ll contact you with an answer, and no obligation to you. We guarantee your privacy.

    * We ONLY Offer Loans for California real estate.
    * Minimum loan amount starts at $150,000.
    * ARV/Future Value Financing not available
    * We don’t provide personal loans.

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    Owner Occupied Home Loans