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$18000 Home Loan With Terrible Credit In Fort Walton Beach Florida

$18000 Home Loan – Fort Walton Beach Florida, Credit Score Of 339

  • Experian: 349 – This client had a terrible Experian score
  • Transunion: 322 – Mason had a terrible credit rating with Transunion.
  • Equifax: Mason’s Experian score was 339, which is a terrible credit score on the Experian rating scheme.

Mason’s Overall FICO score at the time of acceptance for a home loan, taking into account their mechanical engineering technician job and their future job as a product safety engineer

Fico Score: 339

When Mason was 21, they attempted to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a chronology of Mason’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on August 21, 2011
  • Attempt 2) Loan for $26,000.00 on November 11, 2008
  • Attempt 3) Loan for $22,000.00 on April 15, 2010
  • Attempt 4) Loan for $20,000.00 on September 4, 2010
  • Attempt 5) Loan for $39,000.00 on June 18, 2013

Personal Loan for a mechanical engineering technician named Mason in Fort Walton Beach, Florida to Pay Off US Bank FlexPerks Select Rewards Visa Card

Mason had a tonne of credit card debt on their Meijer Platinum MasterCard Exclusive Benefits and their First Hawaiian Bank Priority Rewards MasterCard, and they were starting to get in over their heads. Despite Mason’s job as a mechanical engineering technician, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Mason Salemi of Fort Walton Beach, Florida
  • Full name (Changed if requested): Mason Salemi
  • Current Credit: loans.hit.utils.Fico@77556fd
  • Current City: Fort Walton Beach
  • State: Florida
  • Zip code: 32554
  • Yearly income: $66,000
  • Current Job: mechanical engineering technician
  • Current County: Okaloosa
  • Goal Yearly Income: $81,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Paraphrased and Standardized Quote from Mason for this home loan of $18000, provided by First City Bank of Florida

Hello, I am Mason and I am from Fort Walton Beach in Florida. Okaloosa, county is where I grew up, and now I need a home loan in Florida for $18000 to renovate my home. It has been difficult, but First City Bank of Florida really came through for me with this loan for 5.3% interest APR and a term of 20 years. I will repay the loan over the 20 year term, including interest. A big thanks to First City Bank of Florida for trusting me and my terrible credit. It look me 9 years to create my credit to 339, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Installment loan for Mason, a graduate of “U.S. Naval War College, The” and a mechanical engineering technician working for over $72,000 per year

Mason, an alumnus at “U.S. Naval War College, The” and a mechanical engineering technician in Fort Walton Beach, Florida wants a home loan to purchase a new cell phone. Mason has instead chosen to obtain an installment loan for $16,000 and is at present seeking lenders like First Bank of Crestview to provide it.

Signature Loan found in Fort Walton Beach, Florida for $18000 with terrible credit by Mason

Many prospective borrowers have difficulty with finding signature loans in Fort Walton Beach, Florida, and Mason is no exception. Mason went to 7 lenders or more before settling on First City Bank of Florida, who offered Mason a signature loan for $18000. Typical signature loans simply require a client, like Mason’s signature to get them, up to $47,000 in some cases. Mason was able to get $18000 as a home loan, which is very high for a home loan. Because signature loans don’t need collateral, they generally need higher credit, as high as 749

Contact Details for First City Bank of Florida, the provider of this home loan

  • First City Bank of Florida
  • City: Fort Walton Beach
  • State: Florida
  • Address: 135 Perry Avenue, S.E.
  • County: Okaloosa
  • Zip code: 32548

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

Normal debt consolidation loans range from $24,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Mason needed a debt consolidation loan to pay for their existing home loan and their payday loan. Mason was able to find a home loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.4%.

9 Months in the Past, Mason Attempted Finding a High Risk Loan for $38,000.00, and it was Easy

It is an ongoing struggle for clients to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Mason. Mason chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Clients with credit ratings as low as 454 can apply for a high risk loan and possibly can be approved.

Mason was rejected by Southeast National Bank of Bradenton 4 times prior to being approved by First City Bank of Florida at 135 Perry Avenue, S.E.

On November 20, 2012, Mason inquired about borrowing $18,000 from Sun Bank of Osceola County with Corazon, their in law from just outside Fort Walton Beach, and even with the co-signer, Mason was rejected for this home loan. With terrible credit, it can be very hard to procure funding, even with collateral and a co-signer.

Before applying for this home loan, Mason had an Experian score of 349, which is terrible, so First City Bank of Florida likely cannot provide Mason a home loan

Experian Score: 349

Mason’s Transunion score was changed by the home loan loan, changing to 322 from 339, which is normal in our experience.

Transunion Score: 322

Previous requests on Mason’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$67520.00 11 6.4% $713.83 NCNB National Bank of Florida April 4, 2011
$68120.00 8 8.5% $980.39 Southeast Bank of Madison County, National Association July 19, 2012
$67780.00 3 6.7% $2083.57 Southeast Bank of Wildwood July 6, 2014
$68210.00 5 10.4% $1462.72 Atlantic Bank of Jacksonville January 29, 2015

Mason has a sad current yearly income, but has a large amount of prospects

Mason has always wanted to be a product safety engineer, but would need attend “U.S. Naval War College, The” again to become one. Mason has other possibilities as well, including construction laborer, electrical and electronic inspector, and traffic administrator, which pay $53,000 through to $108,000 per year, on average. Because of this, we believe that Mason can afford this home loan of $18000.

Fast Loans for Mason in Fort Walton Beach, Florida to prevent bankruptcy or harm from debt collectors.

Fast loans in Fort Walton Beach, Florida aren’t actually that difficult to obtain, especially if you have some finesse like Mason. Mason was able to find a fast loan for $18000 from Southern Exchange Bank and SunTrust Bank, Tampa Bay, but declined both offers in favor of their home loan from First City Bank of Florida. 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 5 weeks for debt consolidation loans. An improvement in the case that a borrower is on the go.

Several previous requests for credit have been made by Mason in the past, including one from Georgia Primary Bank in Fort Walton Beach, Florida before Mason was approved for the $18000 by First City Bank of Florida

Mason made 4 prior attempts to obtain a home loan, 2 of which were with Georgia Primary Bank, a lender in Fort Walton Beach, Florida known to specialize in home loans specifically. Prior to finding First City Bank of Florida, Mason was very concerned due to their inexperience and terrible credit score.

Conclusion of Mason’s home loan

In the end, Mason was able to find a home loan for $18000 with an interest rate of 8.3% interest APR from First City Bank of Florida in Fort Walton Beach, Florida repayable over 20 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.