$840000 Home Loan – Dubuque Iowa, Credit Rating Of 553
- Experian: 563 – The client had a fair Experian rating
- Transunion: 537 – Sergio had a fair credit rating with Transunion.
- Equifax: Sergio’s Experian score was 553, which is a fair credit score using the Experian system.
Previous requests on Sergio’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$18870.00||5||5.5%||$360.44||Mills County Bank National Association||July 26, 2012|
|$18900.00||4||9.4%||$473.93||Postville State Bank||June 10, 2014|
|$18770.00||3||10.8%||$612.73||Washington State Bank||December 17, 2014|
|$19400.00||6||5.1%||$313.34||Rippey Savings Bank||February 3, 2015|
|$18620.00||4||7.8%||$452.82||Iowa State Bank||February 11, 2015|
Many previous requests for credit have been made by Sergio in the past, including one from Peoples Community Bank in Dubuque, Iowa before Sergio was approved for the $840000 by Fidelity Bank & Trust
Sergio made 6 previous tries to obtain a home loan, 2 of which were with Peoples Community Bank, a bank in Dubuque, Iowa known to specialize in home loans specifically. Before finding Fidelity Bank & Trust, Sergio was very concerned due to their inexperience and fair credit score.
Sergio’s Overall FICO score at the time of acceptance for a home loan, taking into account their government budget analyst job and their future career as a switchboard operator
Signature Loan found in Dubuque, Iowa for $840000 with fair credit by Sergio
Many clients struggle with obtaining signature loans in Dubuque, Iowa, and Sergio is not an exception. Sergio went to 7 lending institutions or more prior to finding Fidelity Bank & Trust, who offered Sergio a signature loan for $840000. Most signature loans simply require a client, like Sergio’s signature to get them, up to $34,000 in some cases. Sergio was able to get $840000 as a home loan, which is very high for a home loan. Because signature loans do not need a cosigner, they generally require improved credit, as high as 722
When Sergio was 23, they tried to obtain a student loan from 7 different lenders, which harmed their credit rating. Below is a chronology of Sergio’s prior attempts at finding a student loan:
- Attempt 1) Loan for $35,000.00 on January 14, 2009
- Attempt 2) Loan for $24,000.00 on January 17, 2009
- Attempt 3) Loan for $31,000.00 on July 18, 2009
- Attempt 4) Loan for $20,000.00 on November 25, 2010
- Attempt 5) Loan for $27,000.00 on June 20, 2010
- Attempt 6) Loan for $39,000.00 on November 22, 2012
- Attempt 7) Loan for $24,000.00 on October 2, 2011
Paraphrased and Standardized Quote from Sergio for this home loan of $840000, provided by Fidelity Bank & Trust
Hi, I am Sergio and I’m from Dubuque in Iowa. Dubuque, county is where I grew up, and now I need a home loan in Iowa for $840000 to renovate my home. It wasn’t easy, but Fidelity Bank & Trust really came through for me with this loan for 10.6% interest APR and a term of 1 years. I can repay the loan over the 1 year term, including interest. A big thanks to Fidelity Bank & Trust for trusting me and my fair credit. It look me 4 years to build my credit to 553, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.
Contact Details for Fidelity Bank & Trust, the provider of this home loan
- Fidelity Bank & Trust
- City: Dubuque
- State: Iowa
- Address: 4250 Asbury Road
- County: Dubuque
- Zip code: 52002
Before applying for this home loan, Sergio had an Experian score of 563, which is fair, so Fidelity Bank & Trust most likely can provide Sergio a home loan
Sergio was rejected by Postville State Bank 7 times prior to being granted funding by Fidelity Bank & Trust at 4250 Asbury Road
On September 18, 2013, Sergio applied about borrowing $22,000 from Farmers Savings Bank with Jacquetta, their friend from just outside Dubuque, and even with the co-signer, Sergio was rejected for this home loan. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Fast Loans for Sergio in Dubuque, Iowa to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Dubuque, Iowa aren’t actually that difficult to obtain, especially if you have some finesse like Sergio. Sergio was able to find a fast loan for $840000 from First State Savings Bank and Postville State Bank, but turned down both offers in favor of their home loan from Fidelity Bank & Trust. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement if you are in a time sensitive situation.
Sergio has a very low current total income, but has several of prospects
Sergio has always wanted to be a switchboard operator, but would have to attend DeVry University again to achieve it. Sergio has other possibilities as well, including voice pathologist, cartoonist, and industrial relations analyst, which pay $55,000 through to $91,000 per year, on average. Because of this, we believe that Sergio can pay for this home loan of $840000.
- Full name (Changed if requested): Sergio Krause
- Current Credit: loans.hit.utils.Fico@1218025c
- Current City: Dubuque
- State: Iowa
- Zip code: 52003
- Yearly income: $30,000
- Current Job: government budget analyst
- Current County: Dubuque
- Goal Yearly Income: $105,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $0
Installment loan for Sergio, a graduate of DeVry University and a government budget analyst working for over $69,000 per year
Sergio, an alumnus at DeVry University and a government budget analyst in Dubuque, Iowa wants a home loan to purchase a new cell phone. Sergio has instead chosen to obtain an installment loan for $16,000 and is currently seeking lenders like Commercial Savings Bank to process their request.
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $33,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Sergio required a debt consolidation loan to pay for their existing home loan and their loan shark loan. Sergio 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 dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.0%.
9 Months in the Past, Sergio Attempted Finding a High Risk Loan for $28,000.00, and it was Hard
There is an existing struggle for clients to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Sergio. Sergio chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Clients with credit scores as low as 441 can apply for a high risk loan and may be be accepted.
Personal Loan for a government budget analyst named Sergio in Dubuque, Iowa to Pay Off Fulton Bank of New Jersey Visa Platinum Card
Sergio had a tonne of credit card debt on their National Wildlife Federation Rewards American Express Card and their H-E-B Credit Card, and they were starting to get in over their heads. Despite Sergio’s job as a government budget analyst, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Sergio’s Transunion score was altered by the home loan loan, changing to 537 from 553, which is normal in our experience.
Conclusion of Sergio’s home loan
In the end, Sergio was able to find a home loan for $840000 with an interest rate of 8.3% interest APR from Fidelity Bank & Trust in Dubuque, Iowa repayable over 1 years from now.