Do you have over $10,000 in Debt? Get Help now.

Mortgage For $39000 Near 22020, Virginia With A Credit Score Of 739

$39000 Mortgage – Centreville Virginia, Credit Score Of 739

  • Experian: 756 – This individual had an excellent Experian score
  • Transunion: 723 – Erick had an excellent credit score with Transunion.
  • Equifax: Erick’s Experian score was 739, which is an excellent credit rating using the Experian rating scheme.

Multiple previous requests for credit have been made by Erick in the past, including one from The Commercial National Bank in Centreville, Virginia before Erick was approved for the $39000 by Newgate Savings and Loan Association

Erick made 7 previous tries to obtain a mortgage, 2 of which were with The Commercial National Bank, a bank in Centreville, Virginia known to specialize in mortgages specifically. Before finding Newgate Savings and Loan Association, Erick was very concerned due to their inexperience and excellent credit score.

Client Profile: Erick Schneeman of Centreville, Virginia
  • Full name (Changed if requested): Erick Schneeman
  • Current Credit: loans.hit.utils.Fico@21b8d17c
  • Current City: Centreville
  • State: Virginia
  • Zip code: 22027
  • Yearly income: $68,000
  • Current Job: medical records technician
  • Current County: Fairfax City
  • Goal Yearly Income: $131,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Erick has a low current gross income, but has several of prospects

Erick has always wanted to be an elevator mechanic, but would have to attend Van Nuys Community Adult School again to become one. Erick has other prospects as well, including aeronautical & aerospace engineer, industrial engineering technician, and directory assistance operator, which pay $58,000 through to $102,000 per year, on average. For this reason, we think that Erick can pay for this mortgage of $39000.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $23,000.00 to $50,000.00. They are typically used to pay off existing high interest loans like credit cards. Erick required a debt consolidation loan to pay for their existing mortgage and their payday loan. Erick 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, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.1%.

Fast Loans for Erick in Centreville, Virginia to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Centreville, Virginia aren’t actually that difficult to obtain, especially if you have some finesse like Erick. Erick was able to find a fast loan for $39000 from Farmers and Merchants Bank of Boones Mill, Virginia and Bank of Botetourt, but declined both offers in favor of their mortgage from Newgate Savings and Loan Association. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement if a client is in a time sensitive situation.

Previous requests on Erick’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$17460.00 7 10.6% $295.3 Citizens Bank and Trust Company April 18, 2010
$17480.00 11 6.5% $185.7 Peoples Community Bank February 24, 2012
$16590.00 10 5.8% $182.52 Crestar Bank April 23, 2014
$16660.00 11 11.4% $221.99 The Merchants and Farmers Bank December 21, 2014
$17300.00 3 10.7% $563.93 First Virginia Bank-South Hill May 2, 2015

Contact Details for Newgate Savings and Loan Association, the provider of this mortgage

  • Newgate Savings and Loan Association
  • City: Centreville
  • State: Virginia
  • Address: 14098 Lee Highway
  • County: Fairfax City
  • Zip code: 22020

Before applying for this mortgage, Erick had an Experian score of 756, which is excellent, so Newgate Savings and Loan Association likely cannot provide Erick a mortgage

Experian Score: 756

Erick’s Overall FICO score at the time of acceptance for a mortgage, taking into account their medical records technician job and their future career as an elevator mechanic

Fico Score: 739

Installment loan for Erick, a graduate of Van Nuys Community Adult School and a medical records technician working for over $69,000 per year

Erick, an alumnus at Van Nuys Community Adult School and a medical records technician in Centreville, Virginia wants a mortgage to purchase a new cell phone. Erick has instead decided to obtain an installment loan for $23,000 and is at present seeking lenders like Bank of Clarke County to process their request.

Erick’s Transunion score was changed by the mortgage loan, changing to 723 from 739, which is normal in our experience.

Transunion Score: 723

Personal Loan for a medical records technician named Erick in Centreville, Virginia to Pay Off The Limited Credit Card

Erick had a tonne of credit card debt on their Malvern Federal Savings Bank Visa Platinum Card and their Merrill Lynch Signature Rewards, and they were starting to get in over their heads. Despite Erick’s job as a medical records technician, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Erick was 18, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit rating. Below is a chronology of Erick’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on August 3, 2010
  • Attempt 2) Loan for $30,000.00 on October 22, 2009
  • Attempt 3) Loan for $37,000.00 on November 18, 2011
  • Attempt 4) Loan for $25,000.00 on August 24, 2013
  • Attempt 5) Loan for $35,000.00 on January 17, 2010
  • Attempt 6) Loan for $28,000.00 on April 29, 2012

Paraphrased and Standardized Quote from Erick for this mortgage of $39000, provided by Newgate Savings and Loan Association

Hi, I am Erick and I’m from Centreville in Virginia. Fairfax City, county is where I grew up, and now I need a mortgage in Virginia for $39000 to renovate my home. It wasn’t easy, but Newgate Savings and Loan Association really came through for me with this loan for 9.5% interest APR and a term of 10 years. I will repay the loan over the 10 year term, including interest. A big thanks to Newgate Savings and Loan Association for giving me a chance and my excellent credit. It look me 8 years to create my credit to 739, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Erick was declined by First Virginia Bank – Hampton Roads 5 times before being granted funding by Newgate Savings and Loan Association at 14098 Lee Highway

On December 13, 2012, Erick applied about borrowing $13,000 from The Merchants and Farmers Bank with Almeta, their in law from just outside Centreville, and even with the co-signer, Erick was rejected for this mortgage. With excellent credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Signature Loan easily acquired in Centreville, Virginia for $39000 with excellent credit by Erick

Most clients struggle with obtaining signature loans in Centreville, Virginia, and Erick is no exception. Erick went to 4 lenders or more before finding Newgate Savings and Loan Association, who offered Erick a signature loan for $39000. Typical signature loans simply require a client, like Erick’s signature to get them, up to $37,000 in some cases. Erick was able to get $39000 as a mortgage, which is very high for a mortgage. Since signature loans do not require collateral, they tend to require improved credit, as high as 780

6 Months in the Past, Erick Tried to Find a High Risk Loan for $21,000.00, and it was Easy

It is an existing struggle for clients to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Erick. Erick decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Clients with credit scores as low as 452 can apply for a high risk loan and have a chance to be approved.

Conclusion of Erick’s mortgage

In the end, Erick was able to find a mortgage for $39000 with an interest rate of 5.4% interest APR from Newgate Savings and Loan Association in Centreville, Virginia repayable over 10 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.