How To Make Waves with Fast Financing?

WaterskiingMaking Waves with The Guys In The White Hats

We continue to “make waves” by approving and funding loans FAST!

After 34 years of Private Lending, we’re pretty expert at providing you with FAST loans, just as we did below:

Recently Funded

Screen Shot 2022 08 26 at 12.33.28 PM

Let’s make some waves by getting your loan funded and fast! Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com with any questions or scenarios and we’ll quickly answer with what we can do to help.

The Likelihood of Your Home’s Value Declining

Hard Money Bad Money Not So

In a recent article published in Fortune magazine, there appeared an interactive map of the nation. Each state’s local regions were rated as to the likelihood of real estate values declining over the coming 12 months. Here are the groupings the real estate research firm (CoreLogic) used for the June analysis:

  • Very High: Over 70% chance of a price dip
  • High: 50-70% chance
  • Medium: 40-50% chance
  • Low: 20-40% chance
  • Very low: 0-20% chance

These are the California regions which were rated and their categories:

Very Low: Chico, Modesto

Low: Riverside-San Bernadino-Ontario, San Diego, Redding, Napa, Merced, San Louis Obispo, Santa Maria-Santa Barbara

Medium: Santa Rosa-Petaluma, Stockton, San Jose-Sunnyvale-Santa Clara, Salinas, Bakersfield, Los Angeles-Long Beach-Anaheim

High: Sacramento-Roseville-Folsom, San Francisco-Oakland-Berkeley, Vallejo, Fresno

While the odds of home prices dropping remains low, the housing market is slowing down. The pandemic housing boom may be over, but that does not mean housing prices will drop precipitously, especially in California.

CoreLogic assessed factors like income growth projections, unemployment factors, affordability, mortgage rates, and inventory levels to determine the likelihood of regional home prices dropping. California overall does not appear to fare poorly compared to the rest of the country.  Real estate has continued to be the best investment over the long haul regardless of blips in the economy.

If you are looking to invest in real estate this year – by purchasing property or investing in deeds of trust for higher return – Sun Pacific Mortgage has the answer.  We have been in business over 34 years now, offering private money loans and offering Notes for investors.   Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com to find out what we can do for you.

Roping In The Loan Size & Speed Ya Need!

Bull WranglingNeed another fast purchase loan or refinance?  Getting turned down elsewhere for a loan?

The Guys in the White Hats will wrangle in stubborn financing, solving with our Private Money Programs. With funding options up to 2 million, after 34 years we still have not run out of money and are ready to quickly finance you or someone you know, just like we did for the Borrowers below:

Recently Funded

image3 1

It’s not our first rodeo! At Sun Pacific Mortgage, we help Borrowers in California finance their real estate needs if they want fast loans or were turned down elsewhere.  Call Us at 707-523-2099 or visit our website at www.sunpacificmortgage.com with your scenario to see how we can help you or someone you know, wrangle in that loan!

 

Real Estate Market Report for San Francisco and Peninsula

california bay area top weekend getaways stinson beach

Despite the fear mongers’ warnings, life and real estate go on as before in San Francisco and the Peninsula when we are speaking of the real estate market. While there is no longer the frenetic pace of the past two years, buyers and sellers continue to engage in transactions with hefty profits. We have only to examine the past quarter of San Francisco sales to see that, while there has been a very slight slow down in business, homes are still selling above asking price for single-family residences.

Screen Shot 2022 08 26 at 12.54.32 PMThe Peninsula is also showing no backsliding when it comes to average sales vs. listing prices:

Screen Shot 2022 08 26 at 12.54.39 PMWith the year half over and the economy in flux, it is difficult to predict the future, but most economists are still recommending real estate as a safe investment vehicle to increase personal wealth.

If you need help finding a mortgage for California real estate because you have not qualified for a conventional loan, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.

Big, Fast, and Direct – Recently Helped Borrowers!

Wild Ride getting FinancingBIG And FAST With Our Private Money Loans!

End the wild ride and get real estate financing with one of our Direct Private Money Programs.

Purchase or Refinance mortgage taking too long?  Or being turned down at the last minute?  Let us help you or someone you know fulfill the need for BIG Speed Lending, just like we did below:

Recently Helped Borrowers

image3

We look forward to helping you or someone you know with our BIG and Fast Private Money programs.  Call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com with your scenario and we will get back to you with how we can help!

North Bay Real Estate Trends for June 2022

Home Real EstateFor purposes of this report, we are including the counties of Marin, Mendocino, Napa, Solano, and Sonoma.

Inventory at end of June: 2,429 homes and condos (30% over last year; 19% over last month)

Nationally, listings are up 31% over the past year.

There were 1,310 sales in June, which was 30% below last year’s total sales and 12% below last month’s sales.

The ratio of listings whose price was lowered for each county reads as follows:  Sonoma 16%, Mendocino 22%, Napa 23%.

Those counties whose sales were more than the original listing price were as follows: Mendocino 26%, Napa 45%, Sonoma 61%.

Average sales price = $955,270 (+8% YTY)

Median Days on Market = 31 (-26% YTY)

Sales vs. List price = 102% (0% YTY)

What conclusions are we to take from this report? We are not in a free-fall, but real estate has cooled slightly off the frenetic pace we were on for the past couple of years. We are certainly not looking at another 2008, and for good reason. There is plenty of equity in existing homes and inventory is just not plentiful enough to satisfy the demand.

If you need help with your mortgage search, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We do fast, private loans considering loan-to-value rather than credit scores.

Successful Large Financing – We Can Help!

Ride the Private Money Jumbo Wave

Take advantage of our Private Money Loans and their many benefits:

Surfing KA

  • Jumbo financing
  • FAST Loans
  • Turned Down Elsewhere – We Can Help!
  • Trusted By Over 10,000 Borrowers

Loan of the Week

Program: Multi-Family Investment Refinance
Loan Size: 2.1 million
Location: Orange County
Why Came To Us: Mortgage Broker brought us her Borrower who was looking to refinance a rental. Borrower didn’t qualify for conventional financing due to high debt-to-income ratios and low credit, but this refinance was to fix both issues. With a loan to value of 54% we quickly had loan approval for his jumbo loan. Borrower was very happy with cash in hand & Broker relieved they could close another transaction with a grateful client!

At Sun Pacific Mortgage we are known for our fast resolution to large lending issues and we pride ourselves in skillfully navigating any rough lending waves! If you or someone you know need such services, call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We have helped thousands of Borrowers and Homebuyers ride our private money jumbo waves, resulting in attaining the loan they wanted.

What Happened in the North Bay Real Estate Market in June 2022?

What Happened in the North Bay Real Estate Market in June 2022?The North Bay cities of Santa Rosa, Petaluma, Rohnert Park, and Windsor showed marked declines in homes and condo sales numbers compared to June 2021, but smaller declines from May 2022.  Here are some sample statistics:

Santa Rosa:

  • Available at end of June = 218 (-24% from June 2021; +28% from May 2022
  • New sales = 184 (-36% from June 2021; -11% from May 2022)
  • Median sales price = $750,000 (+6% from June 2021)
  • Days on Market = 29

Petaluma:

  • Available at end of June = 65 (+30% from June 2021; +30% from May 2022
  • New sales = 62 (-8% from June 2021; = to May 2022)
  • Median sales price = $947,000 (+6% from June 2021)
  • Days on Market = 21

Rohnert Park:

  • Available at end of June = 26 (-21% from June 2021; +1% from May 2022
  • New sales = 37 (-26% from June 2021; -21% from May 2022)
  • Median price = $733,000 (+32% from June 2021)
  • Days on Market = 22

Windson:

  • Available at end of June = 45 (+32% from June 2021; +55% from May 2022)
  • New sales = 27 (-31% from June 2021; -23% from May 2022)
  • Median price = $800,000
  • Days on Market = 24

The rise in mortgage rates has triggered some slowdown in the market, but at this time most economist see this as a “housing correction” not a “housing bust.”  They view the continued lack of available homes for sale to be the factor keeping prices from drastically falling currently.

If you are looking to buy in this ever-changing market, but cannot qualify for a conventional mortgage, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We have been helping Borrowers like you in California for more than thirty-four years.

 

Faster and Higher – Financing When Needed!

PLANES edit2Jumping High And FAST For You!

Are you unable to get home loan approval?  Private Money loans are FAST, and we work those in need of fast financing, or they’ve been turned down elsewhere.

We’ll help you jump higher and go faster towards that new home or refinance, like was done below:

Recently Funded

Screen Shot 2022 08 09 at 10.29.47 AM

Continuing our 34-year legacy of helping rescue any loan that falls through or doesn’t quite qualify at this time.  We’ve got those FAST Private Money Loans! Visit our website at www.sunpacificmortgage.com or Call 707-523-2099 with questions or scenarios – we’ll quickly reply.

Southern California Housing Market Trends 2022

Southern California Housing Market Trends 2022

Southern California set or matched price records for the first half of 2022. Here are some statistics which tell a story of the continuing interest in California real estate:

  • Los Angeles County: the median price rose 8.1% to $860,230 in June
  • Orange County: the median price rose 11.2% to $1,265,000 while sales decreased by 36.1% (the highest decline in sales of all 6 counties).
  • Riverside County: the median price rose 12.2% to $645,000 while sales decreased by 27.4%.
  • San Bernadino County: the median price rose 12.6% to $490,000 while sales decreased 27.5%
  • San Diego County: the median price rose 9.8% to $950,000 while sales decreased by 30.5%
  • Ventura County: the median price rose 10.7% to $930,000 while sales decreased by 22.6%

According to Zillow, the median home price in California is $800,172, and has risen an impressive 18.5% year-over year. California Homebuyers are still paying above listing price for homes, but they are paying less compared to what Buyers were paying last month and last year.

If you are one of the eager Homebuyers who have been competitively forced out of the market because you could not obtain your mortgage fast enough, consider a privately funded loan from Sun Pacific Mortgage. We have been known to have money available in as little as a week and offer the next best thing to an all-cash offer. Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com, we look forward to assisting you no matter where in California you are wanting to buy.

Posts navigation