Products and Services:

Loan Officer, Marcel Garcia offers a comprehensive suite of lending products and services designed to meet a wide range of financial needs. 

Residential Mortgage Products:

• Conventional Loans:

  • Fixed-Rate Mortgages (10, 15, 20, 30-year terms)

  • Adjustable-Rate Mortgages (ARMs) (e.g., 5/1, 7/1, 10/1)

  • High-Balance Conforming Loans

• Government-Insured Loans:

  • FHA Loans: Ideal for first-time homebuyers or those with lower down payments and credit scores.

  • VA Loans: Exclusive benefits for eligible active-duty service members, veterans, and surviving spouses, often with no down payment required.

  • USDA Rural Development Loans: For eligible properties in rural areas.

• Jumbo Loans: For loan amounts exceeding conforming loan limits, catering to high-value properties.

• Refinance Options:

  • Rate and Term Refinance: To lower interest rates or change loan terms.

  • Cash-Out Refinance: To access home equity for various financial needs (e.g., debt consolidation, home improvements).

  • Streamline Refinance (FHA, VA): Simplified refinancing options for existing FHA or VA loan holders.

• Specialty Mortgage Programs:

  • First-Time Homebuyer Programs: Access to various state and local programs, grants, and down payment assistance.

  • Physician Loans: Tailored programs for medical professionals.

  • Construction Loans: Financing for building a new home.

  • Renovation/Rehab Loans (e.g., FHA 203(k)): For purchasing and renovating a property.

  • Non-QM (Non-Qualified Mortgage) Loans^: For borrowers who may not meet conventional lending criteria (e.g., self-employed, unique income streams).

Home Equity Solutions:

• Home Equity Lines of Credit (HELOCs): Flexible, revolving credit lines secured by your home's equity.

• Home Equity Loans (HELs): Lump-sum loans with fixed interest rates and terms.

Lending Services:

• Pre-Approvals and Pre-Qualifications: To determine borrowing capacity and strengthen offers.

• Credit Counseling and Guidance: Advice on improving credit scores and financial health for loan qualification.

• Financial Needs Analysis: Comprehensive assessment of client's financial situation to recommend the most suitable loan products.

• Loan Structuring and Customization: Tailoring loan terms, interest rates, and repayment schedules to individual needs.

• Guidance on Closing Costs and Fees: Transparent explanation of all associated costs.

• Referrals to Trusted Partners: Connections to real estate agents, appraisers, home inspectors, and other related professionals.

• Ongoing Client Support: Post-closing assistance and future financial planning advice.

Products and Services change frequently, websites not so much. If you have a question or are interested in a product that you do not see listed, please reach out & Marcel will be happy to help. 

^Non QM Loan Options Include: 

Bank Statement Loans: Ideal for self-employed borrowers, gig workers, or small business owners who may have significant tax write-offs. Instead of W-2s or tax returns, lenders evaluate their income based on deposits shown in personal or business bank statements (often over 12 or 24 months).

DSCR (Debt Service Coverage Ratio) Loans: Specifically for real estate investors. These loans qualify borrowers based on the income generated by the investment property itself (e.g., rental income) rather than the borrower's personal income.

Asset Qualifier/Depletion Loans: For borrowers with substantial liquid assets (e.g., savings, investments, retirement accounts) but potentially low or inconsistent taxable income. Lenders assess their ability to repay the loan by "depleting" a portion of their assets over time.

Foreign National Loans: Designed for non-U.S. citizens who wish to purchase property in the U.S. They may use international credit reports and other forms of documentation from their home country to qualify.

Interest-Only Loans: These loans allow borrowers to pay only the interest on the mortgage for a set period (e.g., 5-10 years), after which principal payments begin. This can result in lower initial monthly payments.

Jumbo Loans (Non-QM): While some jumbo loans can be QM, many fall under Non-QM because they exceed the conforming loan limits set by government-sponsored enterprises (like Fannie Mae and Freddie Mac). This means they often have more flexible underwriting or features not allowed in QM.

ITIN Loans: For individuals who have an Individual Taxpayer Identification Number (ITIN) but not a Social Security Number, providing a path to home financing.

1099 Loans: Similar to bank statement loans, these are for self-employed individuals or independent contractors who receive 1099 income and want to qualify based on their 1099 statements instead of full tax returns.

Loans for Borrowers with Recent Credit Events: Some Non-QM lenders offer options for borrowers who have recently experienced a bankruptcy, foreclosure, or short sale, often with shorter waiting periods than traditional loans.

P&L (Profit & Loss) Statement Loans: For business owners who can qualify using professionally prepared profit and loss statements.