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Sona Had Need For A Home Loan For $68000, Mountain City, Tennessee

$68000 Home Loan – Mountain City Tennessee, Credit Rating Of 618

  • Experian: 631 – This client had a good Experian score
  • Transunion: 604 – Sona had a good credit rating with Transunion.
  • Equifax: Sona’s Experian score was 618, which is a good credit rating on the Experian rating scheme.

Many past requests for credit have been made by Sona in the past, including one from Pinehurst Bank in Mountain City, Tennessee before Sona was accepted for the $68000 by Farmers State Bank

Sona made 4 previous attempts to obtain a home loan, 2 of which were with Pinehurst Bank, a bank in Mountain City, Tennessee known to specialize in home loans specifically. Prior to finding Farmers State Bank, Sona was concerned due to their inexperience and good credit score.

Previous requests on Sona’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$94200.00 8 9.6% $1409.55 Citizens Bank December 24, 2009
$93560.00 11 6.5% $993.96 SunTrust Bank, Chattanooga, National Association March 17, 2010
$94380.00 9 9.8% $1318.55 GreenBank May 2, 2011
$93670.00 7 6.5% $1390.95 CommunityFIRST Bank September 19, 2012

Installment loan for Sona, a graduate of Gardner-Webb University and a real estate broker working for over $74,000 per year

Sona, an alumnus at Gardner-Webb University and a real estate broker in Mountain City, Tennessee needs a home loan to purchase something frivolous. Sona has instead chosen to get an installment loan for $27,000 and is currently seeking lenders like UBank to provide it.

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

Sona has always wanted to be a bicycle mechanic, but would need attend Gardner-Webb University again to become one. Sona has other prospects as well, including social service volunteer, electromechanical equipment assembler, and door to door salesmen, which pay $59,000 through to $100,000 per year, on average. Because of this, we believe that Sona can pay for this home loan of $68000.

Client Profile: Sona Cozzens of Mountain City, Tennessee
  • Full name (Changed if requested): Sona Cozzens
  • Current Credit: loans.hit.utils.Fico@6267c3bb
  • Current City: Mountain City
  • State: Tennessee
  • Zip code: 37690
  • Yearly income: $47,000
  • Current Job: real estate broker
  • Current County: Johnson
  • Goal Yearly Income: $130,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Sona’s Overall FICO score at the time of acceptance for a home loan, taking into account their real estate broker job and their future job as a bicycle mechanic

Fico Score: 618

Before applying for this home loan, Sona had an Experian score of 631, which is good, so Farmers State Bank likely cannot provide Sona a home loan

Experian Score: 631

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

Average debt consolidation loans range from $29,000.00 to $55,000.00. They are mainly used to pay off existing high interest loans like credit cards. Sona needed a debt consolidation loan to pay for their existing home loan and their payday loan. Sona was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your bad, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 2.1%.

Fast Loans for Sona in Mountain City, Tennessee to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Mountain City, Tennessee aren’t actually that difficult to obtain, particularly if you have some gumption like Sona. Sona was able to find a fast loan for $68000 from SunTrust Bank, Chattanooga, National Association and Peoples and Union Bank, but turned down both offers in favor of their home loan from Farmers State Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. An improvement if a borrower is on the go.

Contact Details for Farmers State Bank, the provider of this home loan

  • Farmers State Bank
  • City: Mountain City
  • State: Tennessee
  • Address: 100 Main Street
  • County: Johnson
  • Zip code: 37683

Sona was not approved by Bank of Madisonville 7 times prior to being granted funding by Farmers State Bank at 100 Main Street

On July 18, 2011, Sona applied about borrowing $8,000 from GreenBank with Angelita, their friend from just outside Mountain City, and even with the co-signer, Sona was rejected for this home loan. With good credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Sona for this home loan of $68000, provided by Farmers State Bank

Hello, I am Sona and I am from Mountain City in Tennessee. Johnson, county is where I grew up, and now I need a home loan in Tennessee for $68000 to avoid bankruptcy. It has been difficult, but Farmers State Bank really came through for me with this loan for 6.0% interest APR and a term of 8 years. I can repay the loan over the 8 year term, including interest. A big thanks to Farmers State Bank for trusting me and my good credit. It look me 6 years to build my credit to 618, and I won’t tarnish it any more. I am pleased with Find Texas Loans for helping me this far.

Personal Loan for a real estate broker named Sona in Mountain City, Tennessee to Pay Off Choice Financial Savings Bank Young Adult Visa Card

Sona had a lot of credit card debt on their US Bank Business Edge Platinum Card and their New York Community Bank American Express Card, and they were starting to get in over their heads. Despite Sona’s job as a real estate broker, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

8 Months in the Past, Sona Tried Finding a High Risk Loan for $42,000.00, and it was Easy

It is an ongoing struggle for clients to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Sona. Sona chose not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Borrowers with credit ratings as low as 524 can apply for a high risk loan and may be be approved.

Sona’s Transunion score was changed by the home loan loan, changing to 604 from 618, which is normal in our experience.

Transunion Score: 604

Signature Loan found in Mountain City, Tennessee for $68000 with good credit by Sona

Many borrowers have difficulty with obtaining signature loans in Mountain City, Tennessee, and Sona is no different. Sona went to 5 lending institutions or more prior to settling on Farmers State Bank, who offered Sona a signature loan for $68000. Most signature loans simply need a client, like Sona’s signature to obtain them, up to $48,000 in some cases. Sona was able to get $68000 as a home loan, which is very high for a home loan. Since signature loans do not require collateral, they generally require higher credit, as high as 783

When Sona was 21, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a list of Sona’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on November 2, 2012
  • Attempt 2) Loan for $34,000.00 on March 1, 2011
  • Attempt 3) Loan for $22,000.00 on March 5, 2013
  • Attempt 4) Loan for $28,000.00 on April 9, 2013
  • Attempt 5) Loan for $28,000.00 on December 21, 2009
  • Attempt 6) Loan for $27,000.00 on June 24, 2009

Conclusion of Sona’s home loan

In the end, Sona was able to find a home loan for $68000 with an interest rate of 5.8% interest APR from Farmers State Bank in Mountain City, Tennessee repayable over 8 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.