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Low Rate Mortgage For Dane In Port Orange, Florida

$124000 Mortgage – Port Orange Florida, Credit Score Of 386

  • Experian: 396 – They had a terrible Experian score
  • Transunion: 367 – Dane had a terrible credit rating with Transunion.
  • Equifax: Dane’s Experian score was 386, which is a terrible credit score on the Experian system.

Contact Details for Sunshine State Community Bank, the provider of this mortgage

  • Sunshine State Community Bank
  • City: Port Orange
  • State: Florida
  • Address: 4777 Clyde Morris Boulevard
  • County: Volusia
  • Zip code: 32129

Signature Loan found in Port Orange, Florida for $124000 with terrible credit by Dane

Most clients struggle with finding signature loans in Port Orange, Florida, and Dane is not an exception. Dane went to 4 lenders or more prior to settling on Sunshine State Community Bank, who offered Dane a signature loan for $124000. Most signature loans simply require a client, like Dane’s signature to get them, up to $43,000 in some cases. Dane was able to get $124000 as a mortgage, which is very high for a mortgage. Since signature loans don’t need collateral, they generally need better credit, as high as 792

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $34,000.00 to $54,000.00. They are mainly used to pay off existing high interest loans like credit cards. Dane required a debt consolidation loan to pay for their existing mortgage and their payday loan. Dane was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.7%.

Fast Loans for Dane in Port Orange, Florida to prevent bankruptcy or harm from debt collectors.

Fast loans in Port Orange, Florida aren’t actually that difficult to obtain, particularly if you have some gumption like Dane. Dane was able to find a fast loan for $124000 from NCNB National Bank of Florida and The First National Bank of Alachua, but declined both offers in favor of their mortgage from Sunshine State Community Bank. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference in the case that a borrower is on the go.

Dane’s Overall FICO score at the time of acceptance for a mortgage, taking into account their vending machine mechanic job and their future career as a narcotics investigator

Fico Score: 386

Personal Loan for a vending machine mechanic named Dane in Port Orange, Florida to Pay Off Pet Rescue By Judy, Inc Visa Platinum Rewards Card

Dane had a lot of credit card debt on their Valero Fleet Services Credit Card and their Choice Financial Savings Bank College Rewards Visa Card, and they were starting to get in over their heads. Despite Dane’s job as a vending machine mechanic, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Previous requests on Dane’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$42410.00 7 8.4% $669.49 NCNB National Bank of Florida September 6, 2010
$41530.00 5 6.3% $808.7 Southeast Bank of Madison County, National Association April 17, 2011
$42130.00 3 10.7% $1373.3 Southeast Bank of Wildwood February 2, 2014
$41800.00 11 9.2% $504.59 Atlantic Bank of Jacksonville September 17, 2014

7 Months in the Past, Dane Attempted to Find a High Risk Loan for $30,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Dane. Dane decided not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Borrowers with credit scores as low as 304 can inquire for a high risk loan and possibly can be accepted.

Client Profile: Dane Rapkowicz of Port Orange, Florida
  • Full name (Changed if requested): Dane Rapkowicz
  • Current Credit: loans.hit.utils.Fico@6267c3bb
  • Current City: Port Orange
  • State: Florida
  • Zip code: 32135
  • Yearly income: $61,000
  • Current Job: vending machine mechanic
  • Current County: Volusia
  • Goal Yearly Income: $105,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

When Dane was 21, they attempted to obtain a student loan from 4 different lenders, which damaged their credit score. Below is a chronology of Dane’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on May 6, 2011
  • Attempt 2) Loan for $20,000.00 on June 18, 2010
  • Attempt 3) Loan for $32,000.00 on June 20, 2013
  • Attempt 4) Loan for $26,000.00 on September 13, 2010

Before applying for this mortgage, Dane had an Experian score of 396, which is terrible, so Sunshine State Community Bank most likely cannot provide Dane a mortgage

Experian Score: 396

Dane’s Transunion score was changed by the mortgage loan, changing to 367 from 386, which is normal in our experience.

Transunion Score: 367

Dane has a very low current gross income, but has several of prospects

Dane has always wanted to be a narcotics investigator, but would have to attend Heald College – Central Administrative Office again to achieve it. Dane has other prospects as well, including ultrasound technologist, ballistics expert, and meter mechanic, which pay $58,000 through to $90,000 per year, at least. Because of this, we think that Dane can pay for this mortgage of $124000.

Dane was declined by Atlantic Bank of Jacksonville 7 times before being approved by Sunshine State Community Bank at 4777 Clyde Morris Boulevard

On April 17, 2013, Dane inquired about borrowing $6,000 from The First Bankers of Polk County with Margarete, their friend from just outside Port Orange, and even with the co-signer, Dane was rejected for this mortgage. With terrible credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Dane for this mortgage of $124000, provided by Sunshine State Community Bank

Hello, I am Dane and I am from Port Orange in Florida. Volusia, county is where I grew up, and now I need a mortgage in Florida for $124000 to renovate my home. It has been difficult, but Sunshine State Community Bank really came through for me with this loan for 11.5% interest APR and a term of 7 years. I will repay the loan over the 7 year term, including interest. A big thanks to Sunshine State Community Bank for trusting me and my terrible credit. It look me 5 years to build my credit to 386, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.

Installment loan for Dane, a graduate of Heald College – Central Administrative Office and a vending machine mechanic working for over $73,000 per year

Dane, an alumnus at Heald College – Central Administrative Office and a vending machine mechanic in Port Orange, Florida wants a mortgage to purchase a new cell phone. Dane has instead decided to get an installment loan for $17,000 and is at present seeking lenders like The Perkins State Bank to process their request.

Many previous requests for credit have been made by Dane in the past, including one from Metrobank in Port Orange, Florida before Dane was approved for the $124000 by Sunshine State Community Bank

Dane made 7 prior attempts to obtain a mortgage, 2 of which were with Metrobank, a bank in Port Orange, Florida known to specialize in mortgages specifically. Before finding Sunshine State Community Bank, Dane was very concerned due to their inexperience and terrible credit rating.

Conclusion of Dane’s mortgage

In the end, Dane was able to find a mortgage for $124000 with an interest rate of 10.0% interest APR from Sunshine State Community Bank in Port Orange, Florida repayable over 7 years from now.

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.