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Home Loan With Reasonable APR In Orange County, California

$84000 Home Loan – Newport Beach California, Credit Rating Of 524

  • Experian: 542 – They had a fair Experian rating
  • Transunion: 505 – Gabriela had a fair credit score with Transunion.
  • Equifax: Gabriela’s Experian score was 524, which is a fair credit rating on the Experian rating scheme.

Installment loan for Gabriela, a graduate of Maricopa Community Colleges – Gateway Community College and a broadcast news analyst working for over $79,000 per year

Gabriela, an alumnus at Maricopa Community Colleges – Gateway Community College and a broadcast news analyst in Newport Beach, California needs a home loan to purchase a car. Gabriela has instead decided to obtain an installment loan for $6,000 and is at present seeking lenders like Santa Ynez Valley Bank to provide it.

Personal Loan for a broadcast news analyst named Gabriela in Newport Beach, California to Pay Off USAA Classic Platinum MasterCard

Gabriela had a lot of credit card debt on their First Niagara Pinnacle Platinum MasterCard and their City National Bank Visa Signature Card, and they were starting to get in over their heads. Despite Gabriela’s job as a broadcast news analyst, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Contact Details for First Heritage Bank, N.A., the provider of this home loan

  • First Heritage Bank, N.A.
  • City: Newport Beach
  • State: California
  • Address: 4675 Macarthur Court, Suite 1480
  • County: Orange
  • Zip code: 92660

Previous requests on Gabriela’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$42390.00 3 9.8% $1363.83 Santa Monica Bank January 26, 2014
$42220.00 9 8.5% $560.65 Farmers and Merchants Bank of Long Beach May 17, 2014
$41890.00 4 7.4% $1010.9 First Interstate Bank of California July 22, 2014
$41530.00 8 7.7% $580.78 Union Bank January 26, 2015
$42450.00 4 8.7% $1050.33 Citizens Commercial Trust and Savings Bank of Pasadena February 14, 2015

9 Months Ago, Gabriela Tried to Find a High Risk Loan for $47,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Gabriela. Gabriela decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit individuals. Clients with credit ratings as low as 555 can apply for a high risk loan and may be be accepted.

Gabriela’s Transunion score was changed by the home loan loan, changing to 505 from 524, which is normal in our experience.

Transunion Score: 505

Paraphrased and Standardized Quote from Gabriela for this home loan of $84000, provided by First Heritage Bank, N.A.

Hello, I am Gabriela and I’m from Newport Beach in California. Orange, county is where I grew up, and now I need a home loan in California for $84000 to buy a car. It has been difficult, but First Heritage Bank, N.A. really came through for me with this loan for 9.0% interest APR and a term of 4 years. I can repay the loan over the 4 year term, including interest. A big thanks to First Heritage Bank, N.A. for trusting me and my fair credit. It look me 9 years to build my credit to 524, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

When Gabriela was 22, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a list of Gabriela’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on February 29, 2012
  • Attempt 2) Loan for $23,000.00 on March 12, 2012
  • Attempt 3) Loan for $26,000.00 on May 10, 2009
  • Attempt 4) Loan for $23,000.00 on December 20, 2012
  • Attempt 5) Loan for $20,000.00 on November 3, 2009
  • Attempt 6) Loan for $39,000.00 on August 15, 2012

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

Gabriela has always wanted to be an airline flight attendant, but would need attend Maricopa Community Colleges – Gateway Community College again to achieve it. Gabriela has other prospects as well, including heavy equipment mechanic, occupational analyst, and communications professor, which pay $57,000 through to $95,000 per year, at least. For this reason, we think that Gabriela can afford this home loan of $84000.

Gabriela’s Overall FICO score at the time of acceptance for a home loan, taking into account their broadcast news analyst job and their future job as an airline flight attendant

Fico Score: 524

Many past requests for credit have been made by Gabriela in the past, including one from NBD Alpena Bank in Newport Beach, California before Gabriela was approved for the $84000 by First Heritage Bank, N.A.

Gabriela made 9 previous tries to obtain a home loan, 2 of which were with NBD Alpena Bank, a bank in Newport Beach, California known to specialize in home loans specifically. Prior to finding First Heritage Bank, N.A., Gabriela was concerned due to their inexperience and fair credit score.

Gabriela was declined by Southern California First National Bank 7 times before being approved by First Heritage Bank, N.A. at 4675 Macarthur Court, Suite 1480

On March 8, 2012, Gabriela applied about borrowing $35,000 from Farmers and Merchants Bank of Long Beach with Karon, their in law from just outside Newport Beach, and even with the co-signer, Gabriela was rejected for this home loan. With fair credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Client Profile: Gabriela Cheeks of Newport Beach, California
  • Full name (Changed if requested): Gabriela Cheeks
  • Current Credit: loans.hit.utils.Fico@7e6cbb7a
  • Current City: Newport Beach
  • State: California
  • Zip code: 92664
  • Yearly income: $47,000
  • Current Job: broadcast news analyst
  • Current County: Orange
  • Goal Yearly Income: $102,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Before applying for this home loan, Gabriela had an Experian score of 542, which is fair, so First Heritage Bank, N.A. most likely cannot provide Gabriela a home loan

Experian Score: 542

Fast Loans for Gabriela in Newport Beach, California to prevent bankruptcy or harm from debt collectors.

Fast loans in Newport Beach, California aren’t actually that difficult to obtain, particularly if you have some gumption like Gabriela. Gabriela was able to find a fast loan for $84000 from The Merchants National Bank of Sacramento and National Bank of Agriculture, but declined both offers in favor of their home loan from First Heritage Bank, N.A.. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. An improvement if a client is in a time sensitive situation.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $34,000.00 to $45,000.00. They are normally used to pay off existing high interest loans like credit cards. Gabriela required a debt consolidation loan to pay for their existing home loan and their loan shark loan. Gabriela was able to find a home loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.3%.

Signature Loan easily acquired in Newport Beach, California for $84000 with fair credit by Gabriela

Many clients have difficulty with obtaining signature loans in Newport Beach, California, and Gabriela is the same. Gabriela went to 4 lending institutions or more prior to settling on First Heritage Bank, N.A., who offered Gabriela a signature loan for $84000. Most signature loans simply need a client, like Gabriela’s signature to get them, up to $23,000 in some cases. Gabriela was able to get $84000 as a home loan, which is very high for a home loan. Because signature loans don’t need collateral, they generally require higher credit, as high as 735

Conclusion of Gabriela’s home loan

In the end, Gabriela was able to find a home loan for $84000 with an interest rate of 11.8% interest APR from First Heritage Bank, N.A. in Newport Beach, California repayable over 4 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.