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Home Loan Of $63000 For Fair Credit Michigan Resident

$63000 Home Loan – Kalamazoo Michigan, Credit Score Of 567

  • Experian: 581 – The client had a fair Experian score
  • Transunion: 552 – Rob had a fair credit score with Transunion.
  • Equifax: Rob’s Experian score was 567, which is a fair credit rating on the Experian rating scheme.

Rob’s Transunion score was changed by the home loan loan, changing to 552 from 567, which is typical in our experience.

Transunion Score: 552

Before applying for this home loan, Rob had an Experian score of 581, which is fair, so First National Bank of Michigan likely cannot provide Rob a home loan

Experian Score: 581

Contact Details for First National Bank of Michigan, the provider of this home loan

  • First National Bank of Michigan
  • City: Kalamazoo
  • State: Michigan
  • Address: 348 West Michigan Avenue
  • County: Kalamazoo
  • Zip code: 49007

Signature Loan found in Kalamazoo, Michigan for $63000 with fair credit by Rob

Many borrowers have difficulty with finding signature loans in Kalamazoo, Michigan, and Rob is the same. Rob went to 6 lending institutions or more prior to settling on First National Bank of Michigan, who offered Rob a signature loan for $63000. Most signature loans simply need a client, like Rob’s signature to get them, up to $42,000 in some cases. Rob was able to get $63000 as a home loan, which is very high for a home loan. Because signature loans don’t require a cosigner, they tend to require higher credit, as high as 724

When Rob was 23, they tried to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a list of Rob’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on December 23, 2008
  • Attempt 2) Loan for $25,000.00 on August 1, 2010
  • Attempt 3) Loan for $35,000.00 on December 6, 2010
  • Attempt 4) Loan for $37,000.00 on June 1, 2009
  • Attempt 5) Loan for $34,000.00 on August 8, 2011

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

Most debt consolidation loans vary from $28,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Rob needed a debt consolidation loan to pay for their existing home loan and their payday loan. Rob 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 less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.1%.

Personal Loan for a petroleum refinery operator named Rob in Kalamazoo, Michigan to Pay Off BancorpSouth Platinum Visa

Rob had a lot of credit card debt on their Oregon-California Trails Association Visa Card and their Staples Commercial Billing Account, and they were starting to get in over their heads. Despite Rob’s job as a petroleum refinery operator, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Many other requests for credit have been made by Rob in the past, including one from Bank of Gering in Kalamazoo, Michigan before Rob was accepted for the $63000 by First National Bank of Michigan

Rob made 6 prior attempts to obtain a home loan, 2 of which were with Bank of Gering, a lending institution in Kalamazoo, Michigan known to specialize in home loans specifically. Before finding First National Bank of Michigan, Rob was desperate due to their inexperience and fair credit rating.

Client Profile: Rob Lehnherr of Kalamazoo, Michigan
  • Full name (Changed if requested): Rob Lehnherr
  • Current Credit: loans.hit.utils.Fico@1376c05c
  • Current City: Kalamazoo
  • State: Michigan
  • Zip code: 49009
  • Yearly income: $31,000
  • Current Job: petroleum refinery operator
  • Current County: Kalamazoo
  • Goal Yearly Income: $83,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Rob’s Overall FICO score at the time of acceptance for a home loan, taking into account their petroleum refinery operator job and their future career as a cook

Fico Score: 567

9 Months in the Past, Rob Attempted to Find a High Risk Loan for $35,000.00, and it was Hard

It is an well known struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Rob. Rob chose 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 392 can inquire for a high risk loan and have a chance to be accepted.

Installment loan for Rob, a graduate of Naval Medical Center – San Diego and a petroleum refinery operator working for over $63,000 per year

Rob, an alumnus at Naval Medical Center – San Diego and a petroleum refinery operator in Kalamazoo, Michigan wants a home loan to purchase something frivolous. Rob has instead decided to obtain an installment loan for $2,000 and is at present seeking lenders like Citizens State Bank to process their request.

Rob was declined by Fifth Third Bank 7 times prior to being granted funding by First National Bank of Michigan at 348 West Michigan Avenue

On January 17, 2010, Rob inquired about borrowing $18,000 from First of America Bank-Wayne Oakland with Troy, their friend from just outside Kalamazoo, and even with the co-signer, Rob was rejected for this home loan. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Rob has a low current total income, but has a high number of prospects

Rob has always wanted to be a cook, but would need attend Naval Medical Center – San Diego again to achieve it. Rob has other possibilities as well, including sales representative, english language and literature professor, and publications editor, which pay $57,000 through to $102,000 per year, at least. Because of this, we think that Rob can pay for this home loan of $63000.

Previous requests on Rob’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$57350.00 3 5.3% $1726.57 Society Bank, Lenawee February 25, 2009
$57400.00 4 11.5% $1497.51 Bank of Lenawee February 9, 2012
$57260.00 11 11.6% $769.7 First of America Bank – Alpena March 31, 2012
$56640.00 7 7.3% $863.18 NBD Ann Arbor, National Association July 27, 2012

Fast Loans for Rob in Kalamazoo, Michigan to prevent bankruptcy or harm from debt collectors.

Fast loans in Kalamazoo, Michigan aren’t actually that difficult to obtain, particularly if you have some gumption like Rob. Rob was able to find a fast loan for $63000 from First of America Bank – Frankenmuth and Mason State Bank, but turned down both offers in favor of their home loan from First National Bank of Michigan. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement if a client is in a time sensitive situation.

Paraphrased and Standardized Quote from Rob for this home loan of $63000, provided by First National Bank of Michigan

Hello, I am Rob and my hometown is Kalamazoo in Michigan. Kalamazoo, county is where I grew up, and now I need a home loan in Michigan for $63000 to buy a big ticket item. It wasn’t easy, but First National Bank of Michigan really came through for me with this loan for 11.6% interest APR and a term of 5 years. I will repay the loan over the 5 year term, including interest. A big thanks to First National Bank of Michigan for trusting me and my fair credit. It look me 6 years to build my credit to 567, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Conclusion of Rob’s home loan

In the end, Rob was able to find a home loan for $63000 with an interest rate of 11.3% interest APR from First National Bank of Michigan in Kalamazoo, Michigan repayable over 5 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.