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Deshawn Had Need For A Mortgage For $160000, Guymon, Oklahoma

$160000 Mortgage – Guymon Oklahoma, Credit Rating Of 680

  • Experian: 694 – The client had a good Experian score
  • Transunion: 665 – Deshawn had a good credit score with Transunion.
  • Equifax: Deshawn’s Experian score was 680, which is a good credit score on the Experian system.
Client Profile: Deshawn Aviles of Guymon, Oklahoma
  • Full name (Changed if requested): Deshawn Aviles
  • Current Credit: loans.hit.utils.Fico@4d405ef7
  • Current City: Guymon
  • State: Oklahoma
  • Zip code: 73944
  • Yearly income: $69,000
  • Current Job: administrative assistant
  • Current County: Texas
  • Goal Yearly Income: $87,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Paraphrased and Standardized Quote from Deshawn for this mortgage of $160000, provided by Bank of the Panhandle

Hello, I am Deshawn and I am from Guymon in Oklahoma. Texas, county is where I grew up, and now I need a mortgage in Oklahoma for $160000 to avoid bankruptcy. It wasn’t easy, but Bank of the Panhandle really came through for me with this loan for 10.7% interest APR and a term of 14 years. I can repay the loan over the 14 year term, including interest. A big thanks to Bank of the Panhandle for giving me a chance and my good credit. It look me 5 years to build my credit to 680, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

8 Months in the Past, Deshawn Attempted Finding a High Risk Loan for $47,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Deshawn. Deshawn chose not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Individuals with credit ratings as low as 366 can apply for a high risk loan and may be be approved.

Personal Loan for an administrative assistant named Deshawn in Guymon, Oklahoma to Pay Off Pearle Vision Credit Card

Deshawn had a lot of credit card debt on their Amalgamated Bank MasterCard Union Card and their Macy’s Credit Card, and they were starting to get in over their heads. Despite Deshawn’s job as an administrative assistant, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan acquired in Guymon, Oklahoma for $160000 with good credit by Deshawn

Most borrowers have difficulty with obtaining signature loans in Guymon, Oklahoma, and Deshawn is not an exception. Deshawn went to 7 lending institutions or more before finding Bank of the Panhandle, who offered Deshawn a signature loan for $160000. Most signature loans simply need a client, like Deshawn’s signature to obtain them, up to $26,000 in some cases. Deshawn was able to get $160000 as a mortgage, which is very high for a mortgage. Because signature loans do not need a cosigner, they generally require improved credit, as high as 746

When Deshawn was 21, they tried to obtain a student loan from 5 different lenders, which harmed their credit score. Below is a list of Deshawn’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on May 27, 2009
  • Attempt 2) Loan for $39,000.00 on March 29, 2013
  • Attempt 3) Loan for $24,000.00 on May 13, 2014
  • Attempt 4) Loan for $35,000.00 on May 10, 2012
  • Attempt 5) Loan for $22,000.00 on February 10, 2012

Contact Details for Bank of the Panhandle, the provider of this mortgage

  • Bank of the Panhandle
  • City: Guymon
  • State: Oklahoma
  • Address: 13th And Main Streets
  • County: Texas
  • Zip code: 73942

Before applying for this mortgage, Deshawn had an Experian score of 694, which is good, so Bank of the Panhandle likely cannot provide Deshawn a mortgage

Experian Score: 694

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $35,000.00 to $57,000.00. They are typically used to pay off existing high interest loans like credit cards. Deshawn needed a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Deshawn was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.4%.

Many past requests for credit have been made by Deshawn in the past, including one from HomeBank Texas in Guymon, Oklahoma before Deshawn was approved for the $160000 by Bank of the Panhandle

Deshawn made 4 previous tries to obtain a mortgage, 2 of which were with HomeBank Texas, a lending institution in Guymon, Oklahoma known to specialize in mortgages specifically. Before finding Bank of the Panhandle, Deshawn was very concerned due to their inexperience and good credit score.

Fast Loans for Deshawn in Guymon, Oklahoma to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Guymon, Oklahoma aren’t actually that difficult to obtain, particularly if you have some gumption like Deshawn. Deshawn was able to find a fast loan for $160000 from First Capital Bank and The Farmers State Bank, but turned down both offers in favor of their mortgage from Bank of the Panhandle. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better in the case that you are on the go.

Deshawn’s Overall FICO score at the time of acceptance for a mortgage, taking into account their administrative assistant job and their future career as a bus driver

Fico Score: 680

Deshawn has a sad current gross income, but has a large amount of prospects

Deshawn has always wanted to be a bus driver, but would have to attend Washington University in St Louis again to become one. Deshawn has other prospects as well, including computer systems engineer, industrial waste inspector, and interpreter for the hearing impaired, which pay $55,000 through to $102,000 per year, at least. Because of this, we think that Deshawn can afford this mortgage of $160000.

Installment loan for Deshawn, a graduate of Washington University in St Louis and an administrative assistant working for over $75,000 per year

Deshawn, an alumnus at Washington University in St Louis and an administrative assistant in Guymon, Oklahoma needs a mortgage to purchase something frivolous. Deshawn has instead chosen to get an installment loan for $4,000 and is currently seeking lenders like The Citizens Bank to process their request.

Deshawn was not approved by Security State Bank 5 times before being approved by Bank of the Panhandle at 13th And Main Streets

On May 8, 2012, Deshawn applied about borrowing $43,000 from First State Bank with Bradley, their in law from just outside Guymon, and even with the co-signer, Deshawn was rejected for this mortgage. With good credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Previous requests on Deshawn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$11420.00 11 11.8% $154.85 The First State Bank June 18, 2011
$11160.00 10 5.6% $121.67 Security Bank and Trust Company November 20, 2011
$11350.00 9 9.8% $158.57 The First State Bank, Willow, Okla. August 19, 2013
$11400.00 4 9.2% $284.77 Sooner State Bank September 10, 2013
$11400.00 4 9.4% $285.86 The Farmers State Bank October 13, 2013

Deshawn’s Transunion score was changed by the mortgage loan, changing to 665 from 680, which is normal in our experience.

Transunion Score: 665

Conclusion of Deshawn’s mortgage

In the end, Deshawn was able to find a mortgage for $160000 with an interest rate of 10.6% interest APR from Bank of the Panhandle in Guymon, Oklahoma repayable over 14 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.