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Home Loan For $188000 Near 21157, Maryland With A Credit Score Of 516

$188000 Home Loan – Westminster Maryland, Credit Rating Of 516

  • Experian: 531 – This client had a fair Experian score
  • Transunion: 497 – Lachelle had a fair credit rating with Transunion.
  • Equifax: Lachelle’s Experian score was 516, which is a fair credit rating on the Experian rating scheme.

Lachelle was declined by First National Bank of Harford County 5 times before being accepted by The Union National Bank of Westminster at 117 East Main Street

On December 23, 2013, Lachelle inquired about borrowing $16,000 from Farmers & Mechanics Bank with Deirdre, their friend from just outside Westminster, and even with the co-signer, Lachelle was rejected for this home loan. With fair credit, it can be challenging to procure funding, even with collateral and a co-signer.

Personal Loan for an agricultural sciences professor named Lachelle in Westminster, Maryland to Pay Off BancorpSouth Platinum Visa

Lachelle had a lot of credit card debt on their Macy’s American Express Card and their Express Next Credit Card, and they were starting to get in over their heads. Despite Lachelle’s job as an agricultural sciences professor, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Lachelle has a disappointing current total income, but has a high number of prospects

Lachelle has always wanted to be an exercise physiologist, but would have to attend Universidad Central Del Caribe again to achieve it. Lachelle has other prospects as well, including elementary school administrator, sociology professor, and medical equipment preparer, which pay $54,000 through to $91,000 per year, at least. For this reason, we believe that Lachelle can afford this home loan of $188000.

Several other requests for credit have been made by Lachelle in the past, including one from The Little Bank, Incorporated in Westminster, Maryland before Lachelle was accepted for the $188000 by The Union National Bank of Westminster

Lachelle made 4 previous tries to obtain a home loan, 2 of which were with The Little Bank, Incorporated, a bank in Westminster, Maryland known to specialize in home loans specifically. Before finding The Union National Bank of Westminster, Lachelle was concerned due to their inexperience and fair credit score.

7 Months Ago, Lachelle Tried Finding a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Lachelle. Lachelle chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Individuals with credit ratings as low as 312 can inquire for a high risk loan and possibly can be approved.

When Lachelle was 22, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Lachelle’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on January 20, 2014
  • Attempt 2) Loan for $32,000.00 on March 6, 2011
  • Attempt 3) Loan for $20,000.00 on August 11, 2011
  • Attempt 4) Loan for $31,000.00 on January 29, 2009

Lachelle’s Overall FICO score at the time of acceptance for a home loan, taking into account their agricultural sciences professor job and their future job as an exercise physiologist

Fico Score: 516

Previous requests on Lachelle’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$61490.00 5 8.4% $1258.6 American Security Bank, National Association December 23, 2009
$60860.00 11 8.3% $704.61 The Forest Hill State Bank December 10, 2011
$61310.00 9 8.8% $823.83 Boonsboro Bank of Boonsboro, Maryland December 4, 2012
$60650.00 3 8.7% $1920.2 Farmers Bank October 14, 2013

Contact Details for The Union National Bank of Westminster, the provider of this home loan

  • The Union National Bank of Westminster
  • City: Westminster
  • State: Maryland
  • Address: 117 East Main Street
  • County: Carroll
  • Zip code: 21157

Paraphrased and Standardized Quote from Lachelle for this home loan of $188000, provided by The Union National Bank of Westminster

Hello, I am Lachelle and I’m from Westminster in Maryland. Carroll, county is where I grew up, and now I need a home loan in Maryland for $188000 to pay bills. It has been difficult, but The Union National Bank of Westminster really came through for me with this loan for 10.2% interest APR and a term of 17 years. I will repay the loan over the 17 year term, including interest. A big thanks to The Union National Bank of Westminster for giving me a chance and my fair credit. It look me 9 years to create my credit to 516, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.

Fast Loans for Lachelle in Westminster, Maryland to prevent bankruptcy or harm from debt collectors.

Fast loans in Westminster, Maryland aren’t actually that difficult to obtain, particularly if you have some finesse like Lachelle. Lachelle was able to find a fast loan for $188000 from Maryland National Bank and CNB, but turned down both offers in favor of their home loan from The Union National Bank of Westminster. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big difference if a client is on the go.

Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $28,000.00 to $58,000.00. They are normally used to pay off existing high interest loans like credit cards. Lachelle needed a debt consolidation loan to pay for their existing home loan and their payday loan. Lachelle was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.4%.

Signature Loan acquired in Westminster, Maryland for $188000 with fair credit by Lachelle

Most prospective borrowers struggle with obtaining signature loans in Westminster, Maryland, and Lachelle is no different. Lachelle went to 5 lending institutions or more before finding The Union National Bank of Westminster, who offered Lachelle a signature loan for $188000. Typical signature loans simply need a client, like Lachelle’s signature to get them, up to $32,000 in some cases. Lachelle was able to get $188000 as a home loan, which is very high for a home loan. Since signature loans don’t need a cosigner, they generally need higher credit, as high as 749

Before applying for this home loan, Lachelle had an Experian score of 531, which is fair, so The Union National Bank of Westminster likely cannot provide Lachelle a home loan

Experian Score: 531

Installment loan for Lachelle, a graduate of Universidad Central Del Caribe and an agricultural sciences professor working for over $69,000 per year

Lachelle, an alumnus at Universidad Central Del Caribe and an agricultural sciences professor in Westminster, Maryland needs a home loan to purchase something frivolous. Lachelle has instead chosen to obtain an installment loan for $24,000 and is at present seeking lenders like The First National Bank of Mount Savage to process their request.

Lachelle’s Transunion score was altered by the home loan loan, changing to 497 from 516, which is typical in our experience.

Transunion Score: 497

Client Profile: Lachelle Meidl of Westminster, Maryland
  • Full name (Changed if requested): Lachelle Meidl
  • Current Credit: loans.hit.utils.Fico@108c4c35
  • Current City: Westminster
  • State: Maryland
  • Zip code: 21160
  • Yearly income: $69,000
  • Current Job: agricultural sciences professor
  • Current County: Carroll
  • Goal Yearly Income: $98,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Conclusion of Lachelle’s home loan

In the end, Lachelle was able to find a home loan for $188000 with an interest rate of 10.8% interest APR from The Union National Bank of Westminster in Westminster, Maryland 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.