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Home Loan Of $64000 For Bad Credit Texas Resident

$64000 Home Loan – Waco Texas, Credit Score Of 453

  • Experian: 471 – This individual had a bad Experian rating
  • Transunion: 434 – Tatum had a bad credit rating with Transunion.
  • Equifax: Tatum’s Experian score was 453, which is a bad credit score with the Experian system.

Paraphrased and Standardized Quote from Tatum for this home loan of $64000, provided by Fidelity Bank of Texas

Hi, I am Tatum and I am from Waco in Texas. Mclennan, county is where I grew up, and now I need a home loan in Texas for $64000 to buy a car. It has been difficult, but Fidelity Bank of Texas really came through for me with this loan for 9.6% interest APR and a term of 17 years. I can repay the loan over the 17 year term, including interest. A big thanks to Fidelity Bank of Texas for giving me a chance and my bad credit. It look me 7 years to build my credit to 453, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

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

Most debt consolidation loans range from $29,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Tatum required a debt consolidation loan to pay for their existing home loan and their payday loan. Tatum was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.0%.

Tatum has a low current yearly income, but has a high number of prospects

Tatum has always wanted to be an industrial-organizational psychologist, but would need attend Harrisburg Area Community College – Harrisburg again to achieve it. Tatum has other prospects as well, including emergency management specialist, plant breeder, and revenue agent, which pay $55,000 through to $104,000 per year, on average. For this reason, we think that Tatum can pay for this home loan of $64000.

Personal Loan for a family practitioner named Tatum in Waco, Texas to Pay Off Astoria Bank Secured Visa Card

Tatum had a tonne of credit card debt on their USAA Cash Rewards Visa and their Havertys Furniture Credit Card, and they were starting to get in over their heads. Despite Tatum’s job as a family practitioner, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Tatum was 21, they attempted to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a chronology of Tatum’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on December 20, 2009
  • Attempt 2) Loan for $38,000.00 on January 16, 2009
  • Attempt 3) Loan for $29,000.00 on March 22, 2009
  • Attempt 4) Loan for $39,000.00 on October 26, 2008
  • Attempt 5) Loan for $23,000.00 on May 21, 2009
  • Attempt 6) Loan for $28,000.00 on July 16, 2009
  • Attempt 7) Loan for $26,000.00 on June 23, 2009

Contact Details for Fidelity Bank of Texas, the provider of this home loan

  • Fidelity Bank of Texas
  • City: Waco
  • State: Texas
  • Address: 1901 West Lake Shore Drive
  • County: Mclennan
  • Zip code: 76708

Fast Loans for Tatum in Waco, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Waco, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Tatum. Tatum was able to find a fast loan for $64000 from Vista Bank and The Huntsville National Bank, but turned down both offers in favor of their home loan from Fidelity Bank of Texas. 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 5 weeks for debt consolidation loans. Much better in the case that a borrower is in a time sensitive situation.

Tatum was declined by The Roscoe State Bank 4 times prior to being granted funding by Fidelity Bank of Texas at 1901 West Lake Shore Drive

On March 3, 2012, Tatum inquired about borrowing $25,000 from First RepublicBank Clifton with Keisha, their friend from just outside Waco, and even with the co-signer, Tatum was rejected for this home loan. With bad credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Tatum’s Overall FICO score at the time of acceptance for a home loan, taking into account their family practitioner job and their future job as an industrial-organizational psychologist

Fico Score: 453

Client Profile: Tatum Schoemer of Waco, Texas
  • Full name (Changed if requested): Tatum Schoemer
  • Current Credit: loans.hit.utils.Fico@5387f9e0
  • Current City: Waco
  • State: Texas
  • Zip code: 76710
  • Yearly income: $65,000
  • Current Job: family practitioner
  • Current County: Mclennan
  • Goal Yearly Income: $145,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Before applying for this home loan, Tatum had an Experian score of 471, which is bad, so Fidelity Bank of Texas probably cannot provide Tatum a home loan

Experian Score: 471

Signature Loan found in Waco, Texas for $64000 with bad credit by Tatum

Many clients have difficulty with finding signature loans in Waco, Texas, and Tatum is no exception. Tatum went to 8 lending institutions or more prior to settling on Fidelity Bank of Texas, who offered Tatum a signature loan for $64000. Most signature loans simply need a client, like Tatum’s signature to obtain them, up to $41,000 in some cases. Tatum was able to get $64000 as a home loan, which is very high for a home loan. Because signature loans don’t require a cosigner, they generally require higher credit, as high as 709

Previous requests on Tatum’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$114400.00 5 7.1% $2270.66 Comerica Bank December 17, 2011
$113840.00 4 7.2% $2736.62 First Star Bank, S.S.B. July 24, 2012
$114270.00 9 6.3% $1388.91 Brownfield State Bank & Trust Co. September 9, 2014
$114150.00 6 11.5% $2202.09 First Bank & Trust, Bryan, Texas March 1, 2015

7 Months Ago, Tatum Attempted Finding a High Risk Loan for $26,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Tatum. Tatum chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Clients with credit ratings as low as 338 can inquire for a high risk loan and have a chance to be accepted.

Tatum’s Transunion score was altered by the home loan loan, changing to 434 from 453, which is normal in our experience.

Transunion Score: 434

Many past requests for credit have been made by Tatum in the past, including one from Jefferson Savings Bank in Waco, Texas before Tatum was approved for the $64000 by Fidelity Bank of Texas

Tatum made 4 prior attempts to obtain a home loan, 2 of which were with Jefferson Savings Bank, a lending institution in Waco, Texas known to specialize in home loans specifically. Prior to finding Fidelity Bank of Texas, Tatum was very concerned due to their inexperience and bad credit score.

Installment loan for Tatum, a graduate of Harrisburg Area Community College – Harrisburg and a family practitioner working for over $67,000 per year

Tatum, an alumnus at Harrisburg Area Community College – Harrisburg and a family practitioner in Waco, Texas needs a home loan to purchase a new cell phone. Tatum has instead decided to obtain an installment loan for $22,000 and is at present seeking lenders like Silsbee State Bank to provide it.

Conclusion of Tatum’s home loan

In the end, Tatum was able to find a home loan for $64000 with an interest rate of 8.5% interest APR from Fidelity Bank of Texas in Waco, Texas repayable over 17 years from today.

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.