Marcos Galaviz-Option Funding Inc, Oxnard

Marcos Galaviz-Option Funding Inc, Oxnard Welcome to Option Funding Inc, Oxnard. We provide trusted mortgage guidance and exceptional service for homebuyers and investors.

Contact Marcos Galaviz at (805) 600-8949 to start your home financing journey with confidence.

From California to Florida another family closed on their new home. 🏡This one wasn’t a “traditional” file it closed thro...
08/07/2026

From California to Florida another family closed on their new home. 🏡

This one wasn’t a “traditional” file it closed through a Non-QM loan, one of the alternative paths built for situations that don’t fit the standard mortgage box.

Different qualification path. Same result.keys in hand.

Give us a call at (805) 276-7380 if you’re wondering what your own path could look like.

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

Not every borrower fits neatly into the traditional mortgage box, and that doesn't mean something's wrong with your fina...
08/06/2026

Not every borrower fits neatly into the traditional mortgage box, and that doesn't mean something's wrong with your finances. It might just mean the standard qualification method isn't built for how you actually earn or hold your income.

That's exactly what Non-QM (non-qualified mortgage) loans exist for.

Non-QM isn't a credit problem it's a documentation problem. These aren't subprime or "no-doc" loans. They're a fully regulated, legal category built for borrowers whose income, assets, or property type don't fit the standard qualifying mortgage framework.

A few common Non-QM options, each solving a different documentation gap:

DSCR loans for real estate investors. Instead of your personal income, the lender looks at whether the property's rental income covers the mortgage payment.

Bank statement loans for self-employed borrowers whose tax write-offs shrink their taxable income on paper. Qualification is based on actual bank deposits instead of tax returns.

Profit & Loss (P&L) loans another self-employed option, using a CPA-prepared profit and loss statement instead of tax returns or bank statements — often a better fit for business owners with strong net profit.

It's still fully underwritten, not a shortcut. It's a different qualification path.

Choosing the right one matters, the wrong program for your specific income type can actually work against you, so it's worth talking through your situation rather than guessing which one fits.

If you've ever been told "you probably don't qualify" because your income doesn't look traditional, it's worth a real conversation before assuming that's the final answer.

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

Pre-approved feels like the finish line. It's actually just the starting line.Here's what really happens between pre-app...
08/05/2026

Pre-approved feels like the finish line. It's actually just the starting line.

Here's what really happens between pre-approval and getting your keys:

1. House hunting. Now that you know your budget, you shop with confidence and once you find the one, you submit an offer.

2. Offer accepted. Full application. You'll complete a formal application tied to the actual property and sign disclosures, including your Loan Estimate.

3. Appraisal & inspection. The lender confirms the home is worth the purchase price, while an inspection checks its condition these often happen around the same time.

4. Underwriting. The lender's deep-dive review of your full file. This is mostly a waiting period the biggest thing you can do is respond fast to any document requests.

5. Clear to close. Closing day. Once underwriting signs off, you're clear to close. You'll sign final documents, and the home is officially yours.

Knowing what's coming next makes the whole process feel a lot less like a black box and a lot less stressful.

Want to go even deeper on your own? Fannie Mae offers a free homebuyer education course at https://www.fanniemae.com/education some of it can even count toward requirements for certain low-down-payment loan programs.

Give us a call at (805) 276-7380 we'll walk you through every step, not just the approval.

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

A rate lock isn't as complicated as it sounds, but it's worth understanding before you're mid-process wondering why your...
08/04/2026

A rate lock isn't as complicated as it sounds, but it's worth understanding before you're mid-process wondering why your rate did (or didn't) change.

It protects you from increases. Once locked, your rate won't rise for a set period commonly 30-60 days even if market rates move up during that window.

It can work against you too. If rates drop after you lock, you're generally stuck with the rate you locked in, unless you have a float-down option, which usually comes at an added cost.

It's not permanent. If your closing gets delayed past the lock period, you may need to pay for an extension to keep your rate.

The point of a rate lock isn't predicting where rates are headed — it's buying yourself certainty while your loan closes, so your budget doesn't shift underneath you mid-process.

Curious about your own timing or options? Give us a call at (805) 276-7380.

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

You don’t always need a paystub to buy a rental property, you need the right kind of loan. It’s called a DSCR loan, and ...
08/03/2026

You don’t always need a paystub to buy a rental property, you need the right kind of loan. It’s called a DSCR loan, and it qualifies the property, not you.

Credit, reserves, and the property’s rental income still matter. But your job title? Not part of the equation.

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

Bank Statement Loan or DSCR Loan these are two of the most common alternative qualification paths, and they're built for...
07/30/2026

Bank Statement Loan or DSCR Loan these are two of the most common alternative qualification paths, and they're built for very different situations. Here's the real breakdown:

Bank Statement Loans
Built for self-employed borrowers whose tax returns don't reflect their actual cash flow (write-offs shrink taxable income, but not what's actually coming in). Instead of tax returns, lenders review your personal or business bank statements typically looking at deposits over a set period to assess your real income. This can apply to either a primary residence or an investment property, since it's about how you're qualified, not what you're buying.

DSCR Loans (Debt Service Coverage Ratio)
Built specifically for real estate investors. Instead of looking at your personal income at all, the lender evaluates whether the property's expected rental income covers the mortgage payment. No tax returns, no employment verification, no personal income documentation the property itself carries the qualification. This only applies to investment properties, not primary homes.

The core difference:
Bank statement loans qualify you based on how you get paid. DSCR loans qualify the property based on what it can earn.

Which one applies depends entirely on your situation whether you're buying a primary home or an investment property, and whether you'd rather lean on your personal cash flow or let the property's income potential do the qualifying.

Neither is automatically the better option, and eligibility for either depends on your full financial picture, the specific program, and lender guidelines.

Not sure which fits your situation? Give us a call at (805) 276-7380 let's talk through your numbers.

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

Nothing means more to us than hearing this from our clients. Buying a home involves a lot of moving parts, and it's easy...
07/29/2026

Nothing means more to us than hearing this from our clients. Buying a home involves a lot of moving parts, and it's easy to feel lost in the process if nobody's explaining what's actually happening at each step.

That's exactly the kind of guidance we aim to provide not just approval, but real understanding along the way.

If you're looking for a team that will walk you through the process not just process your paperwork we'd love to help.

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

A 30-year mortgage sounds like a 30-year commitment. In practice, it rarely works out that way.Here's what the data actu...
07/28/2026

A 30-year mortgage sounds like a 30-year commitment. In practice, it rarely works out that way.

Here's what the data actually shows: according to Redfin, the typical U.S. homeowner today stays in their home for around 12 years before selling or moving not 30. Two decades ago, that number was closer to 6-7 years. Either way, most people are nowhere near the full term when their situation with that specific loan changes.

Why does the timeline shrink in practice?

People sell. Life changes a new job, a growing family, a move to a new area and the home gets sold well before year 30, with the remaining loan balance paid off at closing.

People refinance. Rates change, financial goals change, or someone wants to switch loan types entirely. Refinancing effectively resets or replaces the original 30-year clock.

People pay it down faster than scheduled. Extra principal payments, lump sums, or aggressive payoff strategies can shorten the effective timeline significantly for those who prioritize it.

And in the meantime, while you're in the home every payment is chipping away at your loan balance and building equity you can eventually tap into, whether through selling, refinancing, or simply owning the asset outright over time.

The 30-year term is really a payment structure, not a prediction of how long you'll actually be tied to that specific loan.

Questions about what your own timeline could realistically look like? Give us a call at (805) 276-7380.

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

A 30-year mortgage sounds like a 30-year commitment. In practice, it rarely works out that way.Here's what the data actu...
07/28/2026

A 30-year mortgage sounds like a 30-year commitment. In practice, it rarely works out that way.

Here's what the data actually shows: according to Redfin, the typical U.S. homeowner today stays in their home for around 12 years before selling or moving not 30. Two decades ago, that number was closer to 6-7 years. Either way, most people are nowhere near the full term when their situation with that specific loan changes.

Why does the timeline shrink in practice?

People sell. Life changes new jobs, a growing family, a move to a new area and the home gets sold well before year 30, with the remaining loan balance paid off at closing.

People refinance. Rates change, financial goals change, or someone wants to switch loan types entirely. Refinancing effectively resets or replaces the original 30-year clock.

People pay it down faster than scheduled. Extra principal payments, lump sums, or aggressive payoff strategies can shorten the effective timeline significantly for those who prioritize it.

And in the meantime, while you're in the home every payment is chipping away at your loan balance and building equity you can eventually tap into, whether through selling, refinancing, or simply owning the asset outright over time.

The 30-year term is really a payment structure, not a prediction of how long you'll actually be tied to that specific loan.

Questions about what your own timeline could realistically look like? Give us a call at (805) 276-7380.

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

Fixed or adjustable it's one of the biggest decisions in choosing a loan, and most people default to whichever one they'...
07/23/2026

Fixed or adjustable it's one of the biggest decisions in choosing a loan, and most people default to whichever one they've heard of without really understanding the tradeoff.

Fixed-rate mortgages lock in your rate at closing. It stays exactly the same for the life of the loan. No surprises, no changes. Your payment today is your payment years from now (excluding taxes/insurance changes).

Adjustable-rate mortgages (ARMs) typically start with a lower rate for an initial period, then adjust periodically based on market conditions after that period ends. That can mean real savings upfront, but also real uncertainty down the line.

Neither is automatically the "better" choice. It depends on how long you plan to stay in the home, your risk tolerance, and what your financial picture looks like a few years out.

If you're trying to figure out which one actually fits your situation, we're happy to walk through it with you. Give us a call at (805) 276-7380

Marcos Galaviz
DRE # 02112333 | NMLS # 986834
Direct/Cell: (805) 276-7380 | [email protected]

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1000 Town Center Drive Suite 260
Oxnard, CA
93036

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