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Mortgage With Very Low APR In Cullman County, Alabama

$196000 Mortgage – Cullman Alabama, Credit Score Of 333

  • Experian: 348 – They had a terrible Experian rating
  • Transunion: 320 – Grover had a terrible credit rating with Transunion.
  • Equifax: Grover’s Experian score was 333, which is a terrible credit score on the Experian rating scheme.

Contact Details for Premier Bank of the South, the provider of this mortgage

  • Premier Bank of the South
  • City: Cullman
  • State: Alabama
  • Address: 101 First Avenue, Northwest
  • County: Cullman
  • Zip code: 35055

When Grover was 23, they tried to obtain a student loan from 6 alternate lenders, which harmed their credit rating. Below is a list of Grover’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on November 25, 2008
  • Attempt 2) Loan for $28,000.00 on April 7, 2013
  • Attempt 3) Loan for $25,000.00 on January 6, 2009
  • Attempt 4) Loan for $25,000.00 on September 11, 2011
  • Attempt 5) Loan for $38,000.00 on October 28, 2011
  • Attempt 6) Loan for $22,000.00 on January 11, 2012

Fast Loans for Grover in Cullman, Alabama to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Cullman, Alabama aren’t actually that difficult to obtain, particularly if you have some finesse like Grover. Grover was able to find a fast loan for $196000 from The Bank of Vernon and Merchants Bank of Alabama, but turned down both offers in favor of their mortgage from Premier Bank of the South. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference if a borrower is in a time sensitive situation.

Many other requests for credit have been made by Grover in the past, including one from Alliance Savings and Loan Association in Cullman, Alabama before Grover was approved for the $196000 by Premier Bank of the South

Grover made 6 prior attempts to obtain a mortgage, 2 of which were with Alliance Savings and Loan Association, a lender in Cullman, Alabama known to specialize in mortgages specifically. Before finding Premier Bank of the South, Grover was concerned due to their inexperience and terrible credit rating.

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

Normal debt consolidation loans vary from $22,000.00 to $48,000.00. They are normally used to pay off existing high interest loans like credit cards. Grover needed a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Grover was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.5%.

Client Profile: Grover Dinsmoor of Cullman, Alabama
  • Full name (Changed if requested): Grover Dinsmoor
  • Current Credit: loans.hit.utils.Fico@63c12fb0
  • Current City: Cullman
  • State: Alabama
  • Zip code: 35058
  • Yearly income: $35,000
  • Current Job: government budget analyst
  • Current County: Cullman
  • Goal Yearly Income: $101,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Before applying for this mortgage, Grover had an Experian score of 348, which is terrible, so Premier Bank of the South probably cannot provide Grover a mortgage

Experian Score: 348

Grover has a low current yearly income, but has a high number of prospects

Grover has always wanted to be a medical technologist, but would need attend Northcentral Technical College again to become one. Grover has other prospects as well, including warehouse stock clerk, sawing machine operator, and aeronautical & aerospace engineer, which pay $57,000 through to $94,000 per year, at least. Because of this, we believe that Grover can afford this mortgage of $196000.

Signature Loan found in Cullman, Alabama for $196000 with terrible credit by Grover

Most clients have difficulty with finding signature loans in Cullman, Alabama, and Grover is not an exception. Grover went to 5 lending institutions or more before finding Premier Bank of the South, who offered Grover a signature loan for $196000. Typical signature loans simply require a client, like Grover’s signature to get them, up to $26,000 in some cases. Grover was able to get $196000 as a mortgage, which is very high for a mortgage. Since signature loans do not need collateral, these loans generally require higher credit, as high as 783

Grover’s Overall FICO score at the time of acceptance for a mortgage, taking into account their government budget analyst job and their future job as a medical technologist

Fico Score: 333

Grover’s Transunion score was altered by the mortgage loan, changing to 320 from 333, which is typical in our experience.

Transunion Score: 320

Previous requests on Grover’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$91150.00 11 5.5% $921.88 AuburnBank February 9, 2010
$91480.00 10 7.2% $1071.61 Bank of the South July 31, 2011
$91380.00 7 11.7% $1598.48 Alabama City Bank of Gadsden, Alabama July 23, 2012
$91270.00 3 7.7% $2847.46 The Exchange Bank, Attalla, Alabama July 6, 2013

Grover was declined by Phenix-Girard Bank 5 times prior to being granted funding by Premier Bank of the South at 101 First Avenue, Northwest

On November 1, 2011, Grover applied about borrowing $30,000 from Central Bank of St. Clair County with Angeline, their friend from just outside Cullman, and even with the co-signer, Grover was rejected for this mortgage. With terrible credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Personal Loan for a government budget analyst named Grover in Cullman, Alabama to Pay Off Citizens Bank Clear Value MasterCard

Grover had a lot of credit card debt on their State Farm Good Neighbor Visa Credit Card and their University of Iowa Credit Card, and they were starting to get in over their heads. Despite Grover’s job as a government budget analyst, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Grover for this mortgage of $196000, provided by Premier Bank of the South

Hello, I am Grover and my hometown is Cullman in Alabama. Cullman, county is where I grew up, and now I need a mortgage in Alabama for $196000 to pay bills. It wasn’t easy, but Premier Bank of the South really came through for me with this loan for 11.2% interest APR and a term of 9 years. I can repay the loan over the 9 year term, including interest. A big thanks to Premier Bank of the South for giving me a chance and my terrible credit. It look me 6 years to create my credit to 333, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

7 Months Ago, Grover Tried Finding a High Risk Loan for $27,000.00, and it was Hard

There is an existing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Grover. Grover decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Individuals with credit ratings as low as 333 can inquire for a high risk loan and may be be accepted.

Installment loan for Grover, a graduate of Northcentral Technical College and a government budget analyst working for over $65,000 per year

Grover, an alumnus at Northcentral Technical College and a government budget analyst in Cullman, Alabama wants a mortgage to purchase something frivolous. Grover has instead chosen to obtain an installment loan for $22,000 and is at present seeking lenders like Community Bank to provide it.

Conclusion of Grover’s mortgage

In the end, Grover was able to find a mortgage for $196000 with an interest rate of 5.2% interest APR from Premier Bank of the South in Cullman, Alabama repayable over 9 years from today.

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.