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

$38000 Home Loan With Good Credit In Miami Florida

$38000 Home Loan – Miami Florida, Credit Rating Of 625

  • Experian: 641 – This individual had a good Experian score
  • Transunion: 612 – Francisca had a good credit score with Transunion.
  • Equifax: Francisca’s Experian score was 625, which is a good credit rating on the Experian system.

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

Most debt consolidation loans vary from $28,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Francisca needed a debt consolidation loan to pay for their existing home loan and their loan shark loan. Francisca was able to find a home loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.3%.

Before applying for this home loan, Francisca had an Experian score of 641, which is good, so TransAtlantic Bank probably cannot provide Francisca a home loan

Experian Score: 641

Client Profile: Francisca Rahm of Miami, Florida
  • Full name (Changed if requested): Francisca Rahm
  • Current Credit: loans.hit.utils.Fico@5c29bfd
  • Current City: Miami
  • State: Florida
  • Zip code: 33139
  • Yearly income: $36,000
  • Current Job: tool & machine designer
  • Current County: Miami-Dade
  • Goal Yearly Income: $97,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Francisca has a low current yearly income, but has a large amount of prospects

Francisca has always wanted to be a retail buyer, but would have to attend Harley’s Beauty & Barber Career Institute again to achieve it. Francisca has other possibilities as well, including registrar administrator, stained glass artist, and library consultant, which pay $58,000 through to $106,000 per year, at least. Because of this, we believe that Francisca can pay for this home loan of $38000.

Personal Loan for a tool & machine designer named Francisca in Miami, Florida to Pay Off Glens Falls National Bank & Trust Maximum Rewards Visa Card

Francisca had a lot of credit card debt on their AAA Cash Rewards MasterCard and their Union Plus MasterCard, and they were starting to get in over their heads. Despite Francisca’s job as a tool & machine designer, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan easily acquired in Miami, Florida for $38000 with good credit by Francisca

Most borrowers have difficulty with finding signature loans in Miami, Florida, and Francisca is the same. Francisca went to 4 lenders or more before settling on TransAtlantic Bank, who offered Francisca a signature loan for $38000. Most signature loans simply require a client, like Francisca’s signature to obtain them, up to $38,000 in some cases. Francisca was able to get $38000 as a home loan, which is very high for a home loan. Since signature loans do not need a cosigner, these loans tend to need higher credit, as high as 781

Contact Details for TransAtlantic Bank, the provider of this home loan

  • TransAtlantic Bank
  • City: Miami
  • State: Florida
  • Address: 48 East Flagler Street
  • County: Miami-Dade
  • Zip code: 33131

Multiple past requests for credit have been made by Francisca in the past, including one from Wellington State Bank in Miami, Florida before Francisca was approved for the $38000 by TransAtlantic Bank

Francisca made 5 prior attempts to obtain a home loan, 2 of which were with Wellington State Bank, a bank in Miami, Florida known to specialize in home loans specifically. Before finding TransAtlantic Bank, Francisca was concerned due to their inexperience and good credit rating.

Francisca’s Transunion score was altered by the home loan loan, changing to 612 from 625, which is normal in our experience.

Transunion Score: 612

When Francisca was 19, they attempted to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a list of Francisca’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on January 11, 2010
  • Attempt 2) Loan for $23,000.00 on January 28, 2011
  • Attempt 3) Loan for $22,000.00 on March 2, 2013
  • Attempt 4) Loan for $21,000.00 on July 26, 2013

Previous requests on Francisca’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$27360.00 10 7.5% $324.77 NCNB National Bank of Florida May 2, 2011
$27430.00 10 6.2% $307.29 Southeast Bank of Madison County, National Association May 9, 2013
$26840.00 4 7.7% $651.47 Southeast Bank of Wildwood March 20, 2014
$26580.00 6 9.3% $483.09 Atlantic Bank of Jacksonville December 6, 2014

Fast Loans for Francisca in Miami, Florida to prevent bankruptcy or harm from debt collectors.

Fast loans in Miami, Florida aren’t actually that difficult to obtain, especially if you have some gumption like Francisca. Francisca was able to find a fast loan for $38000 from The Huntington National Bank of Lakeland and Flagship Bank of Lake Alfred, but declined both offers in favor of their home loan from TransAtlantic Bank. The improvement 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 debt consolidation loans. An improvement in the case that a client is in a time sensitive situation.

Francisca’s Overall FICO score at the time of acceptance for a home loan, taking into account their tool & machine designer job and their future job as a retail buyer

Fico Score: 625

Installment loan for Francisca, a graduate of Harley’s Beauty & Barber Career Institute and a tool & machine designer working for over $63,000 per year

Francisca, an alumnus at Harley’s Beauty & Barber Career Institute and a tool & machine designer in Miami, Florida needs a home loan to purchase a car. Francisca has instead decided to obtain an installment loan for $18,000 and is currently seeking lenders like The First Bankers of Polk County to process their request.

Paraphrased and Standardized Quote from Francisca for this home loan of $38000, provided by TransAtlantic Bank

Hello, I am Francisca and I’m from Miami in Florida. Miami-Dade, county is where I grew up, and now I need a home loan in Florida for $38000 to buy a car. It wasn’t easy, but TransAtlantic Bank really came through for me with this loan for 7.5% interest APR and a term of 20 years. I will repay the loan over the 20 year term, including interest. A big thanks to TransAtlantic Bank for giving me a chance and my good credit. It look me 9 years to create my credit to 625, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.

Francisca was not approved by Atlantic Bank of Jacksonville 7 times prior to being accepted by TransAtlantic Bank at 48 East Flagler Street

On April 6, 2010, Francisca inquired about borrowing $11,000 from SunTrust Bank, Tampa Bay with Shawnee, their friend from just outside Miami, and even with the co-signer, Francisca was rejected for this home loan. With good credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

8 Months in the Past, Francisca Tried to Find a High Risk Loan for $38,000.00, and it was Easy

It is an existing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Francisca. Francisca chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Clients with credit ratings as low as 419 can apply for a high risk loan and may be be accepted.

Conclusion of Francisca’s home loan

In the end, Francisca was able to find a home loan for $38000 with an interest rate of 5.3% interest APR from TransAtlantic Bank in Miami, Florida repayable over 20 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.