5 Months of Looking Good - From The Guy in the White Hat!


The public I write for are the Buyers needing Hard Money, the real estate agents and Realtors® working with Buyers,  those needing to refinance and investors looking for good loans.  For all those different publics, the housing news is that 2014 will be a good year. 

Federal Reserve Bank of Philadelphia President Charles Plosser said Tuesday “...the U.S. economy is on its strongest footing since the recession ended in 2009. The weak first quarter — domestic product grew at a seasonally adjusted annual rate of just 0.1%, the Commerce Department estimated April 30 — was largely due to severe winter weather and doesn’t endanger the underlying recovery.”  He said he forecast 3% economic growth this year, though “the weather-related effects of the first quarter are going to weaken that somewhat.” Inflation “remains benign,” and should move back toward the Fed’s 2% goal over time.   Mr. Plosser said he expects the labor market will continue to improve and unemployment will fall below 6.2% by the end of the year, and a rate below 6% is possible. National viewpoint from someone who does know his statistics.

The California Economic Forecast from The Economic Watch May 2014 parallels this national report. That articles states “An accelerating economy and higher home prices should help to improve mortgage credit conditions. Gradually, lenders are opening the credit spigot a little bit wider. There is some easing up on loan qualifying conditions. The share of mortgage loans going to borrowers with the highest credit scores has declined. Loans for the lowest credit score category are rising – Go Hard Money.   Notwithstanding the disappointing sales numbers over the last several months, the preconditions for a robust rebound in housing are in place.

Particularly encouraging are the employment numbers which show an acceleration in job creation in California and the nation. There is optimism that a strengthening housing rebound is just ahead. The low inventory of homes, combined with continued job growth will spark greater housing demand by the second half of this year. Both existing home sales and new housing starts should accelerate, strengthening even further in 2015. House price appreciation will settle to a slower but more sustainable year-over-year pace by the end of 2014.

Stronger job growth this year will unleash pent-up demand for housing. Rising demand will motivate more homebuilding. Inventory will rise in the existing home market because prices are higher and rising mortgage rates will push prospective sellers to sell. More new homes will provide a place for existing home sellers to relocate to.”

Look for my next blog(s) which will be dealing with forecasts in the areas I do the most business in. 

The future is bright.  What’s your next move?


P.S. – We love referrals!


Great Private/Hard money rates as low as 8.5%*!

Get a loan despite poor credit, self employed-difficult to prove income, need fast financing, property a fixer, etc!  And, we finance Bridge loans, Owner Occupied purchases and refinances, non-owner purchases single and multiple units, commercial and some land.

Sacramento, CA
LoanType: Non-Owner Purchase          
Loan Amount: $132,000
Days to fund: 14



Kelseyville, CA
Type: Non-Owner Purchase
Amount: $78,750
Days to fund: 17


El Dorado Hills, CA
Type: Owner-Occupied
Amount: $476,000
Days to fund: 18




Mission Viejo, CA
Type: Owner-Occupied
Amount: $178,200
Days to fund: 19


Santa Rosa, CA
Type: Non-Owner Purchase
Amount: $96,000
Days to fund: 21



Mission Viejo, CA
Type: Owner-Occupied
Amount: $178,200
Days to fund: 19


 Approval is based on just 2 criteria:

 1. Good Down Payment or Decent Equity    
2. Ability to Repay

• Owner Occupied, Investor financing, Commercial and some Land financing.
• FAST private money purchase financing Sonoma County & Northern CA
• FICO is not a factor.
• Up to 80% loan-to-value – Case by case basis.
• Loan amounts from $75K - $1mil+.
• Lower rates with Good Compensating Factors – Case by case basis.
• Fast refinancing. 


CALL FOREST - The Guy In The White Hat - at (707) 523-2099;

Or email him at forest@sunpacmortgage.com
See our website at: www.sunpacmortgage.com

        Hard Money Lender Serving Sonoma county since 1988!

800 Mendocino Ave. Ste 2
Santa Rosa, CA 95401
(707) 523-2099

*APR based on loan amount of $130,000 is 9.469%.

CA BRE Broker – California Bureau of Real Estate Broker.   Corporate License # 01464899.

NMLS – Nationwide Mortgage Licensing (Registry) System.  Office NMLS # 360993

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