Author Archives for Allison Pruitt

Asset Resource Loan

March 15, 2019 1:24 pm Published by Comments Off on Asset Resource Loan

Alternative Options Obtaining a loan without a sufficient amount of documentable income is a challenge in today’s lending environment. As part of our Alternative Advantage program, PRM is proud to introduce the Asset Resource Loan. The Asset Resource Loan (also known as Asset Depletion) is intended for applicants with lower W2 or self-employment income, but... Read More

USDA Will Now Finance Existing Manufactured Homes

March 15, 2019 2:10 pm Published by Comments Off on USDA Will Now Finance Existing Manufactured Homes

PRM is proud to offer the USDA Existing Manufactured Home Pilot Program!  Many people would love to have a home with land surrounding them. It can be hard to finance a manufactured home as typically only brand new, and never occupied manufactured homes are eligible for a USDA Rural Development Home Loan. However, the United... Read More

Things To Do in Portland for St. Patrick’s Day 2019

March 12, 2019 5:33 pm Published by Comments Off on Things To Do in Portland for St. Patrick’s Day 2019

This Sunday, March 17th, is St. Patrick’s Day. Aside from wearing green and not getting pinched, what’s the story behind this holiday? Today we’re going to provide you with a history lesson, followed by a compilation of several Portland-area St. Patrick’s Day celebrations and activities. A Brief History: St. Patrick is the patron saint of... Read More

What is a Closing Disclosure?

What is a Closing Disclosure?

March 1, 2019 12:19 pm Published by Comments Off on What is a Closing Disclosure?

Understanding Closing Disclosures Your Closing Disclosure is critical to the mortgage and home-buying processes. A Closing Disclosure (CD) is a multi-page form that provides final details about the mortgage loan you have selected. Your lender must provide this Closing Disclosure at least three business days before you close on the mortgage loan. What’s on the... Read More

Improve credit

10 Ways to Improve Your Credit in 2019

March 1, 2019 12:19 pm Published by Comments Off on 10 Ways to Improve Your Credit in 2019

Is 2019 the year you want to make improvements to your credit profile and potentially your credit score? We’ve come up with ten ways you can work toward that goal: Know what you owe You are eligible to obtain your credit report for free every year at AnnualCreditReport.com. Federal law gives you the right to... Read More

Buy a house

How to Use Your Tax Refund to Buy a House

March 1, 2019 12:19 pm Published by Comments Off on How to Use Your Tax Refund to Buy a House

Are you expecting a tax refund this year? Before you decide to spend it on a new pool table or jet ski, consider the fact that you could put those funds toward buying a home instead! Here are three ways that your tax refund could be used to bring you closer to your goal of... Read More

Oregon’s 100 Best Companies

We’re Named 100 Best Companies to Work in Oregon – For the 7th year

March 1, 2019 8:57 am Published by Comments Off on We’re Named 100 Best Companies to Work in Oregon – For the 7th year

Pacific Residential Mortgage named one of Oregon’s 100 Best Companies to work for in Oregon Pacific Residential Mortgage is thrilled to announce the honor of being named in Oregon Business’ “100 Best Companies to Work for in Oregon 2019” list. Pacific Residential Mortgage is ranked 28th in the Large Company category (companies with 100 or... Read More

Bank Statement Loan | Pacific Residential Mortgage

Bank Statement Loan

February 7, 2019 11:10 am Published by Comments Off on Bank Statement Loan

Pacific Residential Mortgage‘s Bank Statement Loan for Self-Employed Applicants We’re excited to introduce our Bank Statement Loan, an alternative program specifically designed for your self-employed clients. Instead of tax returns, we use your client’s bank statements to analyze cash flow to qualify them for a mortgage. Bank Statement Loan: Fixed and adjustable rates available Three... Read More