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Home Loan With Reasonable APR In Polk County, Oregon

$148000 Home Loan – Dallas Oregon, Credit Rating Of 840

  • Experian: 857 – The client had an excellent Experian score
  • Transunion: 822 – Elina had an excellent credit rating with Transunion.
  • Equifax: Elina’s Experian score was 840, which is an excellent credit rating with the Experian scale.

Contact Details for Bank of Willamette Valley, the provider of this home loan

  • Bank of Willamette Valley
  • City: Dallas
  • State: Oregon
  • Address: 209 Main Street
  • County: Polk
  • Zip code: 97338

Previous requests on Elina’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$72900.00 3 11.6% $2407.42 Polk County State Bank August 16, 2011
$72850.00 11 6.2% $762.69 Pacific Western Bank February 9, 2012
$72550.00 9 7.4% $922.1 West Coast Bank November 7, 2012
$72680.00 11 11.3% $964.22 The Valley National Bank of Oregon August 30, 2013

Installment loan for Elina, a graduate of Manhattan College and an elementary school administrator working for over $66,000 per year

Elina, an alumnus at Manhattan College and an elementary school administrator in Dallas, Oregon wants a home loan to purchase a car. Elina has instead chosen to obtain an installment loan for $1,000 and is currently seeking lenders like Pacific Western Bank to provide it.

When Elina was 21, they attempted to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a chronology of Elina’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on June 22, 2011
  • Attempt 2) Loan for $33,000.00 on March 11, 2009
  • Attempt 3) Loan for $24,000.00 on April 5, 2013
  • Attempt 4) Loan for $22,000.00 on March 3, 2009

Elina was rejected by Community Bank 4 times prior to being approved by Bank of Willamette Valley at 209 Main Street

On November 30, 2013, Elina applied about borrowing $33,000 from Security Bank with Monique, their in law from just outside Dallas, and even with the co-signer, Elina was rejected for this home loan. With excellent credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Fast Loans for Elina in Dallas, Oregon to prevent bankruptcy or harm from debt collectors.

Fast loans in Dallas, Oregon aren’t actually that difficult to obtain, especially if you have some gumption like Elina. Elina was able to find a fast loan for $148000 from Lane County Bank, Florence, Oregon and Umpqua National Bank, but turned down both offers in favor of their home loan from Bank of Willamette Valley. The difference 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 installment loans. A big improvement if you are on the go.

Personal Loan for an elementary school administrator named Elina in Dallas, Oregon to Pay Off Bealls Florida Credit Card

Elina had a lot of credit card debt on their Columbus Bank and Trust Cash Rewards Visa Platinum Cards and their Associated Bank College Rewards Visa Card, and they were starting to get in over their heads. Despite Elina’s job as an elementary school administrator, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Elina’s Overall FICO score at the time of acceptance for a home loan, taking into account their elementary school administrator job and their future career as a cost analysis engineer

Fico Score: 840

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $36,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Elina required a debt consolidation loan to pay for their existing home loan and their payday loan. Elina was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.6%.

7 Months in the Past, Elina Attempted Finding a High Risk Loan for $26,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Elina. Elina chose not to get a high risk loan this time. High Risk loans are given to very low credit borrowers. Individuals with credit ratings as low as 587 can inquire for a high risk loan and have a chance to be approved.

Elina has a sad current yearly income, but has a large amount of prospects

Elina has always wanted to be a cost analysis engineer, but would have to attend Manhattan College again to become one. Elina has other prospects as well, including sanitary engineer, computer programmer, and emergency management specialist, which pay $59,000 through to $102,000 per year, on average. For this reason, we think that Elina can afford this home loan of $148000.

Paraphrased and Standardized Quote from Elina for this home loan of $148000, provided by Bank of Willamette Valley

Hi, I am Elina and my hometown is Dallas in Oregon. Polk, county is where I grew up, and now I need a home loan in Oregon for $148000 to pay bills. It wasn’t easy, but Bank of Willamette Valley really came through for me with this loan for 5.5% interest APR and a term of 8 years. I can repay the loan over the 8 year term, including interest. A big thanks to Bank of Willamette Valley for trusting me and my excellent credit. It look me 8 years to build my credit to 840, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

Elina’s Transunion score was altered by the home loan loan, changing to 822 from 840, which is normal in our experience.

Transunion Score: 822

Signature Loan easily acquired in Dallas, Oregon for $148000 with excellent credit by Elina

Most borrowers struggle with finding signature loans in Dallas, Oregon, and Elina is no exception. Elina went to 7 lenders or more before settling on Bank of Willamette Valley, who offered Elina a signature loan for $148000. Most signature loans simply need a client, like Elina’s signature to obtain them, up to $21,000 in some cases. Elina was able to get $148000 as a home loan, which is very high for a home loan. Because signature loans don’t require a cosigner, these loans generally need better credit, as high as 743

Before applying for this home loan, Elina had an Experian score of 857, which is excellent, so Bank of Willamette Valley most likely cannot provide Elina a home loan

Experian Score: 857

Client Profile: Elina Pickelsimer of Dallas, Oregon
  • Full name (Changed if requested): Elina Pickelsimer
  • Current Credit: loans.hit.utils.Fico@b1bc7ed
  • Current City: Dallas
  • State: Oregon
  • Zip code: 97341
  • Yearly income: $49,000
  • Current Job: elementary school administrator
  • Current County: Polk
  • Goal Yearly Income: $127,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Multiple past requests for credit have been made by Elina in the past, including one from Northshore Bank in Dallas, Oregon before Elina was accepted for the $148000 by Bank of Willamette Valley

Elina made 6 prior attempts to obtain a home loan, 2 of which were with Northshore Bank, a lending institution in Dallas, Oregon known to specialize in home loans specifically. Prior to finding Bank of Willamette Valley, Elina was desperate due to their inexperience and excellent credit score.

Conclusion of Elina’s home loan

In the end, Elina was able to find a home loan for $148000 with an interest rate of 10.5% interest APR from Bank of Willamette Valley in Dallas, Oregon repayable over 8 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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