Mortgage lead for Residential loan in Mount Vernon, IN, 47620

Loan Request for Residential loan in Mount Vernon, IN, 47620

Request #3732987 by Lender

Date Posted

5/3/2025 8:52:30 PM

Property at

Mount Vernon, IN, 47620, USA Show Map

Borrower at

Property Type

Residential

Property Value

$60,000

Loan Request

$60,000

LTV

100 %

Credit Rating

550-579

Net Worth

$2,000 - $5,000

Loan Purpose

Property Purchase

Purpose

I'm requesting a loan of $100,000 to facilitate the purchase of a residential property located at 830 Mill Street, Mount Vernon, IN. This loan will enable me to acquire a primary residence, providing stability and a permanent home for my family.

The property, though a minor fixer-upper, presents an excellent opportunity to increase its value through necessary improvements. Acquiring this house will not only enhance my living situation but will also gradually build my financial equity as the property value appreciates over time. This positions me advantageously for future investments or financial ventures.

For you as a lender, this loan represents a low-risk opportunity due to the secured nature of a real estate investment. The property’s substantial estimated value of $140,000 ensures that your investment is well-collateralized. Furthermore, my commitment to maintaining timely repayments instills confidence in this cooperative endeavor.

I'm optimistic about the potential success of this loan request and am grateful for your thoughtful consideration.

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Loan Request for Residential loan in Mount Vernon, IN, 47620