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

Mortgage Of $152000 For Fair Credit Louisiana Resident

$152000 Mortgage – Covington Louisiana, Credit Rating Of 510

  • Experian: 528 – They had a fair Experian score
  • Transunion: 491 – Jude had a fair credit rating with Transunion.
  • Equifax: Jude’s Experian score was 510, which is a fair credit rating on the Experian system.

Personal Loan for a biomedical engineer named Jude in Covington, Louisiana to Pay Off Trustco Bank Hometown Premium Rate Card

Jude had a lot of credit card debt on their Malvern Federal Savings Bank Visa Business Bonus Rewards PLUS Card and their Holland America Line Rewards Visa Card, and they were starting to get in over their heads. Despite Jude’s job as a biomedical engineer, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Jude’s Transunion score was changed by the mortgage loan, changing to 491 from 510, which is typical in our experience.

Transunion Score: 491

Paraphrased and Standardized Quote from Jude for this mortgage of $152000, provided by Citizens Bank & Trust Company

Hi, I am Jude and I’m from Covington in Louisiana. St. Tammany, county is where I grew up, and now I need a mortgage in Louisiana for $152000 to renovate my home. It has been difficult, but Citizens Bank & Trust Company really came through for me with this loan for 8.4% interest APR and a term of 22 years. I can probably repay the loan over the 22 year term, including interest. A big thanks to Citizens Bank & Trust Company for trusting me and my fair credit. It look me 9 years to build my credit to 510, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

Previous requests on Jude’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$31290.00 7 7.8% $484.58 Bank of Zachary August 4, 2009
$30820.00 11 11.8% $417.91 Landmark Bank July 18, 2011
$31150.00 5 9.4% $652.69 Bank of Gonzales November 20, 2012
$31400.00 5 5.1% $594.0 The Highlands Bank September 23, 2014

Jude’s Overall FICO score at the time of acceptance for a mortgage, taking into account their biomedical engineer job and their future job as an experimental psychologist

Fico Score: 510

Multiple previous requests for credit have been made by Jude in the past, including one from State Bank of Greentown in Covington, Louisiana before Jude was accepted for the $152000 by Citizens Bank & Trust Company

Jude made 6 previous attempts to obtain a mortgage, 2 of which were with State Bank of Greentown, a lender in Covington, Louisiana known to specialize in mortgages specifically. Before finding Citizens Bank & Trust Company, Jude was very concerned due to their inexperience and fair credit score.

Installment loan for Jude, a graduate of Indiana Wesleyan University and a biomedical engineer working for over $71,000 per year

Jude, an alumnus at Indiana Wesleyan University and a biomedical engineer in Covington, Louisiana needs a mortgage to purchase a new cell phone. Jude has instead decided to obtain an installment loan for $10,000 and is at present seeking lenders like Bank of Zachary to process their request.

Signature Loan acquired in Covington, Louisiana for $152000 with fair credit by Jude

A lot of clients struggle with obtaining signature loans in Covington, Louisiana, and Jude is no different. Jude went to 6 lenders or more before finding Citizens Bank & Trust Company, who offered Jude a signature loan for $152000. Most signature loans simply need a client, like Jude’s signature to get them, up to $33,000 in some cases. Jude was able to get $152000 as a mortgage, which is very high for a mortgage. Since signature loans don’t need collateral, they tend to require higher credit, as high as 740

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

Jude has always wanted to be an experimental psychologist, but would have to attend Indiana Wesleyan University again to achieve it. Jude has other possibilities as well, including orthodontic laboratory technician, library consultant, and forest fire inspector, which pay $51,000 through to $109,000 per year, at least. Because of this, we think that Jude can pay for this mortgage of $152000.

Client Profile: Jude Bott of Covington, Louisiana
  • Full name (Changed if requested): Jude Bott
  • Current Credit: loans.hit.utils.Fico@6267c3bb
  • Current City: Covington
  • State: Louisiana
  • Zip code: 70440
  • Yearly income: $41,000
  • Current Job: biomedical engineer
  • Current County: St. Tammany
  • Goal Yearly Income: $103,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Jude was declined by Bank of Grand Cane 6 times prior to being approved by Citizens Bank & Trust Company at 222 New Hampshire Street

On March 20, 2011, Jude inquired about borrowing $16,000 from Citizens Bank & Trust Company with Clarine, their in law from just outside Covington, and even with the co-signer, Jude was rejected for this mortgage. With fair credit, it can be difficult to procure financing, even with collateral and a co-signer.

Fast Loans for Jude in Covington, Louisiana to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Covington, Louisiana aren’t actually that difficult to obtain, especially if you have some finesse like Jude. Jude was able to find a fast loan for $152000 from The First National Bank of Lake Charles and Citizens Bank & Trust Company, but turned down both offers in favor of their mortgage from Citizens Bank & Trust Company. 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 in the case that you are on the go.

Contact Details for Citizens Bank & Trust Company, the provider of this mortgage

  • Citizens Bank & Trust Company
  • City: Covington
  • State: Louisiana
  • Address: 222 New Hampshire Street
  • County: St. Tammany
  • Zip code: 70433

When Jude was 18, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit rating. Below is a chronology of Jude’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on June 16, 2012
  • Attempt 2) Loan for $20,000.00 on January 2, 2011
  • Attempt 3) Loan for $29,000.00 on January 19, 2010
  • Attempt 4) Loan for $39,000.00 on May 5, 2011

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

Average debt consolidation loans range from $36,000.00 to $46,000.00. They are typically used to pay off existing high interest loans like credit cards. Jude required a debt consolidation loan to pay for their existing mortgage and their payday loan. Jude was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your bad, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.5%.

Before applying for this mortgage, Jude had an Experian score of 528, which is fair, so Citizens Bank & Trust Company probably cannot provide Jude a mortgage

Experian Score: 528

6 Months in the Past, Jude Attempted Finding a High Risk Loan for $22,000.00, and it was Easy

It is an well known struggle for clients to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Jude. Jude decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Borrowers with credit ratings as low as 548 can apply for a high risk loan and have a chance to be accepted.

Conclusion of Jude’s mortgage

In the end, Jude was able to find a mortgage for $152000 with an interest rate of 10.4% interest APR from Citizens Bank & Trust Company in Covington, Louisiana repayable over 22 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.