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Marcel Garcia │818 Mortgage: Home Loan Expert serving all of California, Get Pre-Approved Today!
Your local home loan broker offering competitive rates & an easy online application personalized for you. Get pre-approved with Loan Officer Marcel Garcia today!
Marcel Garcia is more than just a loan officer & mortgage broker; he's your financial strategist with a passion for helping individuals and families achieve their dream of homeownership. A former teacher with decades of experience in the lending industry, Marcel has built a reputation for education, expertise, personalization, and unwavering commitment to client success.
The complexities of navigating the loan process can feel daunting, which is why Marcel goes above and beyond to provide clear, concise communication and expert guidance, with the goal of a seamless experience from application to closing.
From day one, you'll have his personal cell phone number. Marcel prides himself on being available for his clients, even evenings and weekends.
Known for building relationships, his exceptional problem-solving skills and the ability to find creative solutions transforms complex financial situations into successful outcomes.
Whether you're a first-time homebuyer, looking to refinance, interested in pulling out equity, or have questions about a reverse mortgage, Marcel takes the time to understand your unique circumstances and tailor a loan solution to fits your needs!
Clients consistently praise Marcel for his patience, responsiveness, and genuine care, often referring to him as not only a trusted advisor, but also a friend.
Products and Services:
Residential Mortgage Products:
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
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.
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.
Reverse Mortgage / HECM
Reverse Mortgage Resources 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.
I grew up greater in Los Angeles. Since graduating with a BA in History from UCLA, I maintain connections to local communities I've lived in from: the SGV to Pasadena, Santa Monica to Marina Del Rey, Calabasas & Woodland Hills to Topanga Canyon.
Northern California
Far North & Shasta Cascade:
Siskiyou, Modoc, Del Norte, Humboldt, Trinity, Shasta, Lassen, Tehama, Plumas
North Coast & Wine Country:
Mendocino, Lake, Sonoma, Napa
Greater Sacramento & Gold Country:
Sutter, Yuba, Nevada, Placer, Colusa, Yolo, Sacramento, El Dorado, Amador, Sierra, Butte
San Francisco Bay Area
Bay Area Proper:
Marin, Solano, Contra Costa, Alameda, San Francisco, San Mateo, Santa Clara
Central California
Central Valley (North):
Glenn, San Joaquin, Stanislaus, Merced
Central Valley (South) & Sierra Nevada Foothills:
Tuolumne, Calaveras, Mariposa, Madera, Mono, Fresno, Tulare, Kings, Kern (northern part)
Central Coast
Central Coast:
Santa Cruz, Monterey, San Benito, San Luis Obispo, Santa Barbara (northern part), Ventura (northern part)
Southern California
Los Angeles & Metro:
Los Angeles
Inland Empire & Desert:
Kern (southern part), San Bernardino, Riverside, Inyo
South Coast:
Orange, San Diego, Imperial, Ventura (southern part), Santa Barbara (southern part)
818 Mortgage is all about math, so let's do some together: if we divide the total US population by the population of Los Angeles:
Roughly 1 of every 88 people in the United States lives in the City of Los Angeles.
Approximately 1 out of every 18 people in the United States lives in Southern California.
And, approximately one 1 of every 8.5 people in the United States lives in the State of California.
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