to Prestige Home Mortgage. Please take your time and look through this website www.prestigefamily.com. This website is updated regularly so please remember to pop by now and again so you can see what's new!
Please allow me to introduce myself...
I am Michael S Torres, Senior Government Loan Specialist for Prestige Home Mortgage. My specialties are home loan financing and credit repair consultation. I help homeowners and homebuyers bridge the gap between what they need and what they want to accomplish with their Mortgage Financing. I also help real estate agents by pre-qualifying their clients before they begin their exciting property searches. I consistently provide constant communication, and excellent service. I’m looking for homebuyers, homeowners and real estate agents who expect excellent service and a mortgage professional that will deliver on their promises.
Highly experienced in Conventional, Residential, Commercial, New Construction, and Land Aquisition financing. Specialized in FHA, VA, USDA Rural Housing, First Time Home Buyer (FTHB), and Credit Repair.With all the various lenders, rates and loan programs out there, you could easily get lost trying to figure out the best option for you and your family. Allow an experienced agent do that work, so you
don't have to! I implement mortgage planning for my clients. Whatever your financing needs, Prestige Home Mortgage will facilitate the financing that's right for you.
Purchase
Refinance
First Time Homebuyers
Conventional & Jumbo Programs
FHA, VA Loans
USDA Rural Loans
2nd Home / Investment property
Home Equity Line of Credit (HELOC)
Lot / Land Loans
Construction Loans
Commercial Property Loans
SBA 504 & SBA 7a Loans
LOAN MODIFICATION Referals Only
If you are looking for Loan Modification information, please call (541) 598-8888...FREE HELP IS AVAILABLE THROUGH GOVERNMENT RESOURCES!
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FHA STREAMLINE REFINANCE: (FHA to FHA)
You must currently have an FHA loan to do a streamline refinance. It's a simple loan that is very quick and easy to qualify for. Please see the qualifications/ benefits below. If you currently have an FHA loan and are upside down on your mortgage - I can help you!
* NO Employment Verification needed * NO income or asset verification needed * NO credit report pulled - Credit not needed * NO Appraisal Required - LTV is not an issue! * Up to 3 Mortgage Lates in the last 12 months * Lender usually covers all the fees * Quick loan process, usually less than 2 weeks * VA loans may also be eligible for a streamline refi * Call me for more details at 541-598-8888
ARE YOU CURRENTLY...
FACING FORECLOSURE? UPSIDE DOWN ON YOUR HOME? STRUGGLING TO PAY YOUR MORTGAGE?
Call Now -
Prestige Home Mortgage
...can help You!
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MY CLIENT TESTIMONIALS:
Our experience with Prestige Home Mortgage was seamless! The loan was approved and processed a lot faster than we expected. Michael and his team were careful to explain the procedures and answer all the questions we had about refinancing our home. It was very convenient and I already recommended him to my co-workers.
T. Sasseen - Seattle, WA
We found that Prestige Home Mortgage were very friendly and gave us prompt efficient service. Everything was upfront with no surprises. Michael was a pleasure to deal with; we will gladly recommend this mortgage company to anyone seeking a mortgage financing.
S. Hill - Eugene, OR
We were in a hurry and needed someone knowledgeable. Thanks to Prestige Home Mortgage our family is home; warm, safe, happy and secure. The lease property we lived in was being foreclosed on and our lease up. We were working with a broker who dropped the ball after 5 weeks, nearly costing us our security and the roof over our heads. My family was credit and down payment challenged with only 20 days to be moved out. Thankfully we were referred to Michael at Prestige Home Mortgage. He introduced us to Karen from Hasson Company Realty, Michael and Karen really jumped on the ball. Within an hour we were looking at new listing within our buget. Michael and his team really went above and beyond to help us find and close on our purchase in 17 days. We can't thank you enough for working so dilligently under extreme pressure. You are true life savers! By the way... we love our fully upgraded "Model Home".
S. and C. Labotts - Redmond, OR
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My active
professional
affiliations:
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Prestige Home Mortgage PROUDLY supports the Intrepid Fallen Heroes Fund!
The Intrepid Fallen Heroes Fund, a national leader in supporting the men and women of the United States Armed Forces and their families, has completed construction of the National Intrepid Center of Excellence (NICoE), an advanced facility dedicated to research, diagnosis and treatment of military personnel and veterans suffering from traumatic brain injury (TBI) and psychological health issues. The Center was officially turned over to the Department of Defense in a ceremony on June 24, 2010.
NICoE is a 72,000 square foot, two-story facility located on the Navy campus at Bethesda, Maryland, adjacent to the new Walter Reed National Military Medical Center, with close access to the Uniformed Services University, the National Institutes of Health, and the Veterans Health Administration. NICoE is designed to provide the most advanced services for advanced diagnostics, initial treatment plan and family education, introduction to therapeutic modalities, referral and reintegration support for military personnel and veterans with TBI, post traumatic stress, and/or complex psychological health issues. Further, NICoE will conduct research, test new protocols and provide comprehensive training and education to patients, providers and families while maintaining ongoing telehealth follow-up care across the country and throughout the world.
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PROUD SPONSOR OF SCHOOLS and ORGANIZATIONS FUNDRAISERS NATION WIDE
The Candle Source is one of the only fundraising sponsors known to allow schools and organization across America, to generate 50% income from fundraising sales. The Candle Source offers truly unbeatable products. Contact us @ 541-598-8888 for more information.
CCS is Oregon's premier residential and commercial cleaning source. Honesty and integrity you can trust. Cascade Cleaning Source simply out-shines the competition, hands down!
PMS has been helping Central Oregonians with their perplexing home, yard, auto, computer needs for years. When you need a handyman, general maintenance, jack of all trades, you name it! The # 1 source for your cure is PMS.
$20.00 per/hr base charge and up to $35.00 per/hr for more complex jobs.
Don't forget we are here for all your Mortgage Financing, Credit Pre-qualification and repair needs as well. An officer is standing by to assist you 24 hours a day.
The Prestige Family of Services is here to serve you, give us a try, you will not be disappointed.
It is the first Friday of the month and that brings us the official government report on the labor market: The Employment Situation Report. This release provides four headline measures on the health of the jobs sector. Nonfarm Payrolls: totals the number of jobs that were added to ...Read More
NFP has come and gone, let's see where things stand.... The October delivery FNCL 4.0 is -0-09 at 102-15. In the chart below I called attention to a few technical inflection points. The ascending trend channel that helped mortgage rates hit new lows on Wednesday has broken down and...Read More
The Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011. FHFA is required by the Housing and Economic Recovery Act of 2008 (HERA) to set such goals for targeted segments of the mo...Read More
If there's one thing that an investor will never let any originator off the buyback hook for, it's fraud . Not only that, but the penalties can go far beyond merely buying back the loan, and saying' "My bad." Just in the last few days, Laura-Jean Arvelo and Ronald O'...Read More
THE EMPLOYMENT SITUATION – AUGUST 2010 – BETTER THAN EXPECTED From the Release... Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government ...Read More
Markets are roughly flat Friday morning ahead of the widely anticipated employment report for August, which at 8:30 eastern time is set to show that jobs declined for the third straight month. Ninety minutes before the opening bell, the S&P 500 is down 0.75 to 1,089.00. The 10 ...Read More
What a boring day in the markets! Stocks added to yesterday's gains and bonds added to their losses. This pushed mortgage rates marginally higher. The best 30 year fixed mortgage rates are still in the 4.125% to 4.375% range for well-qualified consumers, but less lenders are offeri...Read More
The National Association of Realtors released the Pending Home Sales Index today. NAR's Pending Home Sales Index measures the number of home purchase contracts that were signed in the monthly reporting period. Once "pending" sales contracts are closed, they are considered an existing home sale. Bec...Read More
Community organizers, state and federal government officials, and representatives from banking, research and educations institutions are currently meeting in Washington at a REO and Vacant Properties Summit sponsored by the Federal Reserve Bank. The two day conference is focused on examining the pr...Read More
What a rough morning! It appears my hard drive no longer wants to work. I tried to reach out for help, but no one answered. Then my gf called and reminded me that today is 9.02.10. This explains why Glenn is M.I.A, he's curled up on his couch watching re-runs of 90210! I think his ...Read More
This Mortgagee Letter introduces new minimum credit scores and loan-to-value (LTV) ratio requirements for FHA-insured loans.This guidance is effective for case numbers assigned on or after October 4, 2010....(read more)
From the BLS : Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment fell, as 114,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment continued to t...Read More
A few more comments: Decennial Census layoffs came in close to my estimate (-114,000 actual vs. estimate of -116,000) The seasonally adjusted (SA) teen participation rate increased from 34.6% to 35.2%. This was because so few teens looked for jobs this summer. This was a factor in pushing up the overall participation rate even with a weak job marke...Read More
Five years ago, one of the most destructive natural disasters in our nation's history hit the Gulf Coast. When they hit the coasts of Louisiana and Mississippi, Hurricanes Katrina and Rita took thousands of lives, displaced millions of residents, wiped out hundreds of square miles of coastal land, and inflicted major damage to nearly 300,000 ho...Read More
On August 27, FHA announced its intention to make modifications to its Home Equity Conversion Mortgage (HECM) product, a reverse mortgage loan insured by the federal government, to make it more att read more...(read more)
A lot of people have been quoting this passage from Chip Case’s op-ed on housing as an investment: For people with a more realistic version of the American dream, buying a house now can make a lot of sense. Think of it as an investment. The return or yield on that investment comes in two forms. First, it provides what is called “net imputed rent fr...Read More
H&R Block Inc., the tax preparer whose stock slid 18 percent last month, told investors yesterday to ignore speculation that it faces a surge in costs tied to its defunct mortgage business. The stock rose almost 10 percent in early New York trading....(read more)
Five years ago, one of the most destructive natural disasters in our nation's history hit the Gulf Coast. When they hit the coasts of Louisiana and Mississippi, Hurricanes Katrina and Rita took thousands of lives, displaced millions of residents, wiped out hundreds of square miles of coastal land, and inflicted major damage to nearly 300,000 homes....Read More
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded nearly $312 million to 13 states to invest in efforts to reduce the human, physical, and economic toll of future disasters. The grants announced today are provided through HUD's Disaster Recovery Enhancement Fund (DREF) and are intended to encourage states t...Read More
WASHINGTON - The U.S. Department of Housing and Urban Development announced today that it is making $189 million in grants available to transform public and assisted housing and to revitalize communities. Appearing in today's Federal Register are the Notices of Funding Availability, the federal application, for two revitalization initiatives: The C...Read More
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging Testa Family Enterprises, LTD, owner of Royal Arms Apartments in Ravenna, Ohio, and the complex's manager with housing discrimination for allegedly refusing to rent certain apartments to families with young children. HUD's charge alleges that...Read More
SIOUX FALLS, SD - U.S. Housing and Urban Development Secretary Shaun Donovan traveled to a Native American community in South Dakota today to announce $65 million in available funding to support a variety of community development and affordable housing production in Indian country throughout the U.S. Donovan made the announcement following a tour o...Read More
DENVER - U.S. Housing and Urban Development (HUD) Regional Administrator Rick M. Garcia announced today that two affordable housing developments, including 155 homes, throughout the state of Colorado have been awarded more than $2.4 million to complete energy efficient renovations with Recovery Act funds. The announcement came at an event with Cong...Read More
DENVER - U.S. Housing and Urban Development Region VIII Administrator Rick M. Garcia will make a "green" Recovery Act announcement at an affordable housing development in Boulder...Read More
DENVER - In Colorado and across the U.S., thousands of children live in foster care or are at risk of being placed with other families simply because their parents cannot afford a home. Today, the U.S. Department of Housing and Urban Development (HUD) announced $20 million in funding to local housing authorities to help more than 2,500 families sta...Read More
DENVER - U.S. Housing and Urban Development Regional Administrator Rick Garcia today announced that Danberry Carmon, Wyoming Field Office Director will transfer to New Orleans as the Field Office Director...Read More
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) announced today that it has charged a Denver condominium association with violating the Fair Housing Act by discriminating against families with children under the age of 18. According to HUD's charge, Windsor Gardens Association allegedly maintained discriminatory restrictions...Read More
SALT LAKE CITY - U.S. Housing and Urban Development Secretary Shaun Donovan today announced that Logan, Sandy City, Taylorsville, West Jordan and West Valley will share more than $3 million to support community development and produce more affordable housing...Read More
CASPER- U.S. Housing and Urban Development Secretary Shaun Donovan today announced the City of Cheyenne will receive
$580,253 to support community development and produce more affordable housing.
"This funding provides the building blocks needed to improve communities," said Donovan. "Now, more than ever, these grants promote
neighborho...Read More
On August 25, 2010 HUD published the NOFAs for the 2010 Choice Neighborhoods and HOPE VI programs. Applications for planning or implementation grants under the Choice Neighborhoods Program are due by October 26, 2010. Applications for the HOPE VI funding are due by November 22, 2010. Applications must be submitted electronically through www.grant...Read More
HUD will be offering updated EIV System and Security Awareness training on September 23. On September 24 HUD will offer initial EIV System training. This training will be offered via webcasts...Read More
On August 19, 2010 HUD issued Notice PIH 2010-34 (HA). This notice provides information and procedures for implementation of competitive capital funds Recovery Act grants...Read More
On July 26, 2010 HUD issued Notice PIH 2010-26 (HA). The purpose of this notice is to remind recipients of Federal funds of their obligation to comply with pertinent laws and implementing regulations which mandate non-discrimination and accessibility in federally funded housing and non-housing programs for persons with disabilities...Read More
On July 30, 2010 HUD issued Notice PIH 2010-29 (HA). This notice offers eligible PHAs the opportunity to apply for admission to the MTW demonstration program...Read More
On August 2, 2010 HUD issued Notice PIH 2010-30. This notice carries forward previously issued guidance (PIH Notices 2009-24, 2008-27, and 2007-15) regarding PHA creation and use of affiliates and instrumentalities so t participate in Public and Indian Housing programs under the U.S. Housing Act of 1937...Read More
On July 30, 2010 HUD issued Notice PIH-2010-28 (HA). This notice reinstates streamlined requirements for designating public housing projects for occupancy by elderly families only, or elderly and disabled families only...Read More
"Due to an iMAX deployment issue, please QA/confirm the update in TRACS for anyvoucher/tenant data submitted between 5pm Wednesday (July 7, 2010) - noon Friday (July 9, 2010). Please contact the help desk at tracs@hud.gov with any questions or if assistance is needed. We apologize for any inconvenience!...Read More
Senior citizens and persons with disabilities in the Northwest will soon be able to find additional affordable housing, thanks to $27,701,300 (link to 202 811 fy09 Reg X Awards 0710.xls) in housing assistance competitively awarded to non-profit groups. The funds are provided under HUD's Section 202, Supportive Housing for the Elderly, and Section 8...Read More
Registration is required for the Tenant Rental Assistance Certification System (TRACS) and the Integrated Multifamily Access Exchange (iMAX). Current user(s) and coordinator(s) must apply. These applications provide access to sensitive financial and personal information, and security features have been implemented. Current and new users and coordin...Read More
HUD is changing the collection process for Section 201 Flexible Subsidy loan payments and Section 202 Elderly and Disabled Housing mortgage payments from paper to an electronic submission directly to the Department of Treasury at https://www.pay.gov. Frequently asked questions: https://www.pay.gov/paygov/faqs.html. The change is effective for all p...Read More
Reminds owners and agents of guidance pertaining to residents' right to organize and requirements to follow to provide for resident participation in Multifamily Housing Projects, per 24 CFR Part 245, and HUD Handbook 4381.5...Read More
New official AFHMP Form effective May 2010 available on HUDClips. All AFHMP's submitted on or after Jul 1, 2010, should be on this new form.New official AFHMP Form effective May 2010 available on HUDClips. All AFHMP's submitted on or after Jul 1, 2010, should be on this new form...Read More
For those who send in AFHM Plans in our region, this memo clarifies where to send your documents, and also invites and encourages you to submit these documents in an Adobe PDF file format and email them directly to HUD's Office of Multifamily Housing for processing. Our goal is to process as many of these as possible electronically, hopefully resul...Read More
Notice of HUD's Fiscal Year (FY) 2010 Notice of Funding Availability (NOFA) Policy Requirements and General Section to HUD's FY2010 NOFAs for Discretionary Programs have been posted to the Grants.gov and at HUD's Funds Available (http://portal.hud.gov/portal/page/portal/HUD/program_offices/administration/grants/fundsavail)...Read More
The online application opened on Thursday, July 1, 2010, and will close on 11:59 PM on Friday, August 13, 2010. See program details, how-to submit application and instructions to create a login and password...Read More
Expansion of Real Estate Assessment Center Authority to Approve or Deny Requests to Defer Partial Year Submissions of Annual Financial Statements H 10-09 grants the Real Estate Assessment Center (REAC) authority to approve or deny requests to defer partial year submissions of annual financial statements for a period of time less than or equal to 12...Read More
The purpose of this Notice is to provide updated instructions for using EIV now that use of the EIV system by Owners and Management Agents (O/As) is mandatory...Read More
Effective May 1, 2010, a new version of the AFHMP was implemented. When a owner/agent is required to submit a new AFHMP (once every 5 years), the new version of the AFHMP (form HUD-935.2A) must be submitted. The latest version of form HUD-935.2A is posted on HUDCLIPS. Please be advised that the previous edition of form HUD-935 will no longer be ...Read More
The Intrepid Fallen Heroes Fund, a national leader in supporting the men and women of the United States Armed Forces and their families, has completed construction of the National Intrepid Center of Excellence (NICoE), an advanced facility dedicated to research, diagnosis and treatment of military personnel and veterans suffering from traumatic brain injury (TBI) and psychological health issues. The Center was officially turned over to the Department of Defense in a ceremony on June 24, 2010. 
