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Home Loan Of $156000 For Fair Credit Virginia Resident

$156000 Home Loan – Virginia Beach Virginia, Credit Rating Of 519

  • Experian: 538 – This client had a fair Experian score
  • Transunion: 507 – Jestine had a fair credit score with Transunion.
  • Equifax: Jestine’s Experian score was 519, which is a fair credit score with the Experian scale.

7 Months in the Past, Jestine Tried Finding a High Risk Loan for $32,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Jestine. Jestine chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Borrowers with credit scores as low as 333 can apply for a high risk loan and have a chance to be accepted.

Previous requests on Jestine’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$68380.00 4 10.1% $1737.58 Citizens Bank and Trust Company November 22, 2011
$67510.00 11 9.2% $814.95 Peoples Community Bank July 11, 2013
$67660.00 4 8.7% $1674.1 Crestar Bank August 31, 2013
$68350.00 6 9.5% $1249.08 The Merchants and Farmers Bank November 9, 2014

Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $27,000.00 to $45,000.00. They are normally used to pay off existing high interest loans like credit cards. Jestine required a debt consolidation loan to pay for their existing home loan and their payday loan. Jestine was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.3%.

Jestine has a low current yearly income, but has a large amount of prospects

Jestine has always wanted to be a physical therapy assistant, but would have to attend Simmons College again to become one. Jestine has other possibilities as well, including laboratory tester, cement mason, and human factors psychologist, which pay $51,000 through to $102,000 per year, on average. Because of this, we believe that Jestine can pay for this home loan of $156000.

Fast Loans for Jestine in Virginia Beach, Virginia to prevent bankruptcy or harm from debt collectors.

Fast loans in Virginia Beach, Virginia aren’t actually that difficult to obtain, particularly if you have some gumption like Jestine. Jestine was able to find a fast loan for $156000 from First Virginia Bank of the Southwest and Richmond National Bank, but turned down both offers in favor of their home loan from First Coastal Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if you are in a time sensitive situation.

Jestine’s Overall FICO score at the time of acceptance for a home loan, taking into account their hospital nurse job and their future career as a physical therapy assistant

Fico Score: 519

When Jestine was 21, they tried to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a list of Jestine’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on May 23, 2013
  • Attempt 2) Loan for $36,000.00 on January 1, 2009
  • Attempt 3) Loan for $26,000.00 on May 4, 2009
  • Attempt 4) Loan for $25,000.00 on February 1, 2011
  • Attempt 5) Loan for $39,000.00 on August 27, 2010
  • Attempt 6) Loan for $37,000.00 on October 2, 2009
Client Profile: Jestine Stacken of Virginia Beach, Virginia
  • Full name (Changed if requested): Jestine Stacken
  • Current Credit: loans.hit.utils.Fico@4783da3f
  • Current City: Virginia Beach
  • State: Virginia
  • Zip code: 23458
  • Yearly income: $36,000
  • Current Job: hospital nurse
  • Current County: Virginia Beach City
  • Goal Yearly Income: $119,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Jestine was not approved by Merchants and Farmers Bank 6 times before being accepted by First Coastal Bank at 2101 Parks Avenue

On December 4, 2012, Jestine applied about borrowing $8,000 from Merchants and Farmers Bank with Conrad, their in law from just outside Virginia Beach, and even with the co-signer, Jestine was rejected for this home loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Installment loan for Jestine, a graduate of Simmons College and a hospital nurse working for over $61,000 per year

Jestine, an alumnus at Simmons College and a hospital nurse in Virginia Beach, Virginia needs a home loan to purchase something frivolous. Jestine has instead decided to get an installment loan for $22,000 and is currently seeking lenders like First Virginia Bank of Augusta to provide it.

Paraphrased and Standardized Quote from Jestine for this home loan of $156000, provided by First Coastal Bank

Hi, I am Jestine and my hometown is Virginia Beach in Virginia. Virginia Beach City, county is where I grew up, and now I need a home loan in Virginia for $156000 to buy a car. It has been difficult, but First Coastal Bank really came through for me with this loan for 6.2% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to First Coastal Bank for giving me a chance and my fair credit. It look me 5 years to create my credit to 519, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Before applying for this home loan, Jestine had an Experian score of 538, which is fair, so First Coastal Bank likely cannot provide Jestine a home loan

Experian Score: 538

Jestine’s Transunion score was changed by the home loan loan, changing to 507 from 519, which is normal in our experience.

Transunion Score: 507

Signature Loan easily acquired in Virginia Beach, Virginia for $156000 with fair credit by Jestine

A lot of clients have difficulty with obtaining signature loans in Virginia Beach, Virginia, and Jestine is no different. Jestine went to 7 lending institutions or more before finding First Coastal Bank, who offered Jestine a signature loan for $156000. Most signature loans simply require a client, like Jestine’s signature to obtain them, up to $26,000 in some cases. Jestine was able to get $156000 as a home loan, which is very high for a home loan. Because signature loans don’t need a cosigner, these loans tend to need higher credit, as high as 745

Contact Details for First Coastal Bank, the provider of this home loan

  • First Coastal Bank
  • City: Virginia Beach
  • State: Virginia
  • Address: 2101 Parks Avenue
  • County: Virginia Beach City
  • Zip code: 23451

Personal Loan for a hospital nurse named Jestine in Virginia Beach, Virginia to Pay Off United Nations Federal Credit Union UNA-USA VISA Credit Card

Jestine had a tonne of credit card debt on their Baby Phat Prepaid Visa RushCard and their Fifth Third Cash Rewards Card, and they were starting to get in over their heads. Despite Jestine’s job as a hospital nurse, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Many past requests for credit have been made by Jestine in the past, including one from Guaranty Savings and Loan Association in Virginia Beach, Virginia before Jestine was accepted for the $156000 by First Coastal Bank

Jestine made 5 previous attempts to obtain a home loan, 2 of which were with Guaranty Savings and Loan Association, a bank in Virginia Beach, Virginia known to specialize in home loans specifically. Before finding First Coastal Bank, Jestine was desperate due to their inexperience and fair credit score.

Conclusion of Jestine’s home loan

In the end, Jestine was able to find a home loan for $156000 with an interest rate of 9.7% interest APR from First Coastal Bank in Virginia Beach, Virginia repayable over 12 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.