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Mortgage Of $112000 For Terrible Credit Texas Resident

$112000 Mortgage – Snyder Texas, Credit Rating Of 308

  • Experian: 321 – This client had a terrible Experian rating
  • Transunion: 291 – Yung had a terrible credit rating with Transunion.
  • Equifax: Yung’s Experian score was 308, which is a terrible credit score with the Experian scale.

6 Months in the Past, Yung Attempted Finding a High Risk Loan for $26,000.00, and it was Easy

It is an well known struggle for clients to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Yung. Yung decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Clients with credit ratings as low as 440 can inquire for a high risk loan and have a chance to be approved.

Yung’s Transunion score was altered by the mortgage loan, changing to 291 from 308, which is normal in our experience.

Transunion Score: 291

Installment loan for Yung, a graduate of Marist College and a historical archivist working for over $74,000 per year

Yung, an alumnus at Marist College and a historical archivist in Snyder, Texas needs a mortgage to purchase a new cell phone. Yung has instead chosen to get an installment loan for $17,000 and is at present seeking lenders like Austin Bank, Rusk, Texas to process their request.

Yung’s Overall FICO score at the time of acceptance for a mortgage, taking into account their historical archivist job and their future job as a kindergarten teacher

Fico Score: 308

Many other requests for credit have been made by Yung in the past, including one from Equitable Federal Savings Bank in Snyder, Texas before Yung was accepted for the $112000 by First National Bank

Yung made 4 previous tries to obtain a mortgage, 2 of which were with Equitable Federal Savings Bank, a bank in Snyder, Texas known to specialize in mortgages specifically. Prior to finding First National Bank, Yung was desperate due to their inexperience and terrible credit score.

Signature Loan found in Snyder, Texas for $112000 with terrible credit by Yung

Most prospective borrowers have difficulty with obtaining signature loans in Snyder, Texas, and Yung is the same. Yung went to 8 lending institutions or more before settling on First National Bank, who offered Yung a signature loan for $112000. Most signature loans simply need a client, like Yung’s signature to get them, up to $45,000 in some cases. Yung was able to get $112000 as a mortgage, which is very high for a mortgage. Because signature loans do not require a cosigner, they generally require better credit, as high as 726

Paraphrased and Standardized Quote from Yung for this mortgage of $112000, provided by First National Bank

Hi, I am Yung and I’m from Snyder in Texas. Scurry, county is where I grew up, and now I need a mortgage in Texas for $112000 to buy a big ticket item. It wasn’t easy, but First National Bank really came through for me with this loan for 6.6% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to First National Bank for trusting me and my terrible credit. It look me 4 years to create my credit to 308, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Fast Loans for Yung in Snyder, Texas to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Snyder, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Yung. Yung was able to find a fast loan for $112000 from Guaranty Bank & Trust Company and Guaranty Bank & Trust Company, but declined both offers in favor of their mortgage from First National Bank. 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 6 weeks for debt consolidation loans. An improvement if you are in a time sensitive situation.

Contact Details for First National Bank, the provider of this mortgage

  • First National Bank
  • City: Snyder
  • State: Texas
  • Address: 3610 College Avenue
  • County: Scurry
  • Zip code: 79549

Yung has a very low current gross income, but has a large amount of prospects

Yung has always wanted to be a kindergarten teacher, but would need attend Marist College again to become one. Yung has other possibilities as well, including motorboat mechanic, animal breeder, and missing person investigator, which pay $52,000 through to $104,000 per year, at least. For this reason, we think that Yung can pay for this mortgage of $112000.

Before applying for this mortgage, Yung had an Experian score of 321, which is terrible, so First National Bank probably cannot provide Yung a mortgage

Experian Score: 321

Client Profile: Yung Bogenschneide of Snyder, Texas
  • Full name (Changed if requested): Yung Bogenschneide
  • Current Credit: loans.hit.utils.Fico@3b764bce
  • Current City: Snyder
  • State: Texas
  • Zip code: 79555
  • Yearly income: $55,000
  • Current Job: historical archivist
  • Current County: Scurry
  • Goal Yearly Income: $146,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Previous requests on Yung’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$120480.00 8 5.8% $1571.57 Comerica Bank April 4, 2012
$119750.00 10 8.5% $1484.73 First Star Bank, S.S.B. March 7, 2013
$120100.00 6 7.4% $2070.73 Brownfield State Bank & Trust Co. November 24, 2013
$119640.00 10 5.6% $1304.34 First Bank & Trust, Bryan, Texas May 19, 2014
$120420.00 9 8.8% $1618.1 First Bank & Trust of Clarendon June 27, 2014

When Yung was 18, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a list of Yung’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on February 8, 2011
  • Attempt 2) Loan for $26,000.00 on February 27, 2012
  • Attempt 3) Loan for $28,000.00 on November 13, 2010
  • Attempt 4) Loan for $32,000.00 on September 30, 2010
  • Attempt 5) Loan for $33,000.00 on September 26, 2012
  • Attempt 6) Loan for $35,000.00 on October 21, 2009
  • Attempt 7) Loan for $26,000.00 on February 4, 2010

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

Most debt consolidation loans range from $21,000.00 to $52,000.00. They are mainly used to pay off existing high interest loans like credit cards. Yung needed a debt consolidation loan to pay for their existing mortgage and their credit card. Yung was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.7%.

Personal Loan for a historical archivist named Yung in Snyder, Texas to Pay Off Gravely Credit Card

Yung had a tonne of credit card debt on their Banana Republic Visa Card and their Saint Leo University Credit Card, and they were starting to get in over their heads. Despite Yung’s job as a historical archivist, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Yung was declined by Austin Bank, Rusk, Texas 7 times prior to being accepted by First National Bank at 3610 College Avenue

On May 18, 2012, Yung applied about borrowing $29,000 from Farmers State Bank of Madisonville, Texas with Nancey, their friend from just outside Snyder, and even with the co-signer, Yung was rejected for this mortgage. With terrible credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Conclusion of Yung’s mortgage

In the end, Yung was able to find a mortgage for $112000 with an interest rate of 5.7% interest APR from First National Bank in Snyder, Texas repayable over 12 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.