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Mortgage For $88000 Near 51050, Iowa With A Credit Score Of 631

$88000 Mortgage – Remsen Iowa, Credit Score Of 631

  • Experian: 643 – This individual had a good Experian rating
  • Transunion: 615 – Clare had a good credit score with Transunion.
  • Equifax: Clare’s Experian score was 631, which is a good credit rating with the Experian system.
Client Profile: Clare Mccuaig of Remsen, Iowa
  • Full name (Changed if requested): Clare Mccuaig
  • Current Credit: loans.hit.utils.Fico@52cc8049
  • Current City: Remsen
  • State: Iowa
  • Zip code: 51056
  • Yearly income: $45,000
  • Current Job: broker’s floor representative
  • Current County: Plymouth
  • Goal Yearly Income: $142,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Clare’s Overall FICO score at the time of acceptance for a mortgage, taking into account their broker’s floor representative job and their future career as an airline flight reservations administrator

Fico Score: 631

Clare’s Transunion score was changed by the mortgage loan, changing to 615 from 631, which is typical in our experience.

Transunion Score: 615

Paraphrased and Standardized Quote from Clare for this mortgage of $88000, provided by Iowa State Bank

Hi, I am Clare and I’m from Remsen in Iowa. Plymouth, county is where I grew up, and now I need a mortgage in Iowa for $88000 to buy a car. It has been difficult, but Iowa State Bank really came through for me with this loan for 8.2% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to Iowa State Bank for giving me a chance and my good credit. It look me 9 years to build my credit to 631, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $26,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Clare required a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Clare was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.2%.

Contact Details for Iowa State Bank, the provider of this mortgage

  • Iowa State Bank
  • City: Remsen
  • State: Iowa
  • Address: 17 West Second Street
  • County: Plymouth
  • Zip code: 51050

9 Months in the Past, Clare Attempted to Find a High Risk Loan for $46,000.00, and it was Hard

It is an ongoing struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Clare. Clare decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit applicants. Individuals with credit ratings as low as 364 can apply for a high risk loan and have a chance to be approved.

Fast Loans for Clare in Remsen, Iowa to prevent bankruptcy or harm from debt collectors.

Fast loans in Remsen, Iowa aren’t actually that difficult to obtain, especially if you have some gumption like Clare. Clare was able to find a fast loan for $88000 from Security State Bank and Security State Bank, but declined both offers in favor of their mortgage from Iowa State Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement in the case that a client is in a pinch.

When Clare was 20, they tried to obtain a student loan from 5 alternate banks, which damaged their credit score. Below is a list of Clare’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on November 18, 2009
  • Attempt 2) Loan for $30,000.00 on June 27, 2009
  • Attempt 3) Loan for $22,000.00 on October 20, 2009
  • Attempt 4) Loan for $37,000.00 on November 15, 2008
  • Attempt 5) Loan for $22,000.00 on November 21, 2010

Many past requests for credit have been made by Clare in the past, including one from Community Bank, Katy, Tx. in Remsen, Iowa before Clare was approved for the $88000 by Iowa State Bank

Clare made 4 previous tries to obtain a mortgage, 2 of which were with Community Bank, Katy, Tx., a bank in Remsen, Iowa known to specialize in mortgages specifically. Prior to finding Iowa State Bank, Clare was desperate due to their inexperience and good credit score.

Personal Loan for a broker’s floor representative named Clare in Remsen, Iowa to Pay Off Zions Bank AmaZing Cash for Business

Clare had a tonne of credit card debt on their OneCall Credit Card and their Wells Fargo Secured Credit Card, and they were starting to get in over their heads. Despite Clare’s job as a broker’s floor representative, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan found in Remsen, Iowa for $88000 with good credit by Clare

Most borrowers struggle with obtaining signature loans in Remsen, Iowa, and Clare is not an exception. Clare went to 5 lending institutions or more prior to settling on Iowa State Bank, who offered Clare a signature loan for $88000. Typical signature loans simply require a client, like Clare’s signature to obtain them, up to $26,000 in some cases. Clare was able to get $88000 as a mortgage, which is very high for a mortgage. Because signature loans do not need collateral, they tend to require better credit, as high as 721

Installment loan for Clare, a graduate of Grand Rapids VA Outpatient Clinic Residency in Ocular Disease and a broker’s floor representative working for over $65,000 per year

Clare, an alumnus at Grand Rapids VA Outpatient Clinic Residency in Ocular Disease and a broker’s floor representative in Remsen, Iowa wants a mortgage to purchase something frivolous. Clare has instead chosen to obtain an installment loan for $25,000 and is currently seeking lenders like The First Trust & Savings Bank to process their request.

Previous requests on Clare’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$93230.00 5 11.2% $2036.36 Mills County Bank National Association July 9, 2009
$93450.00 3 9.3% $2984.75 Postville State Bank April 25, 2012
$92530.00 4 7.8% $2250.25 Washington State Bank July 2, 2013
$92590.00 9 5.3% $1079.83 Rippey Savings Bank November 9, 2013
$92520.00 5 8.3% $1889.28 Iowa State Bank December 11, 2014

Clare was rejected by First State Bank of Mapleton 6 times before being approved by Iowa State Bank at 17 West Second Street

On December 4, 2012, Clare applied about borrowing $29,000 from The First Trust & Savings Bank with Soila, their friend from just outside Remsen, and even with the co-signer, Clare was rejected for this mortgage. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.

Before applying for this mortgage, Clare had an Experian score of 643, which is good, so Iowa State Bank most likely cannot provide Clare a mortgage

Experian Score: 643

Clare has a low current total income, but has a large amount of prospects

Clare has always wanted to be an airline flight reservations administrator, but would have to attend Grand Rapids VA Outpatient Clinic Residency in Ocular Disease again to achieve it. Clare has other prospects as well, including ship pilot, administrative law judge, and benefits manager, which pay $59,000 through to $95,000 per year, at least. Because of this, we believe that Clare can pay for this mortgage of $88000.

Conclusion of Clare’s mortgage

In the end, Clare was able to find a mortgage for $88000 with an interest rate of 6.3% interest APR from Iowa State Bank in Remsen, Iowa repayable over 22 years from now.

Will Alexander

Will Alexander has over 10 years of experience as a financial expert and writer. The goal of his work is to assist the people of Texas in finding loans for lower interest rates than they thought were possible. Will specializes in bad credit loans.

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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.