Mortgage lead for Residential loan in Cleveland, TN, 37312

Loan Request for Residential loan in Cleveland, TN, 37312

Request #3735624 by Lender

Date Posted

5/21/2025 10:10:24 AM

Property at

Cleveland, TN, 37312, USA Show Map

Borrower at

Property Type

Residential

Property Value

$300,000

Loan Request

$300,000

LTV

100 %

Credit Rating

500-549

Net Worth

$5,000 - $20,000

Loan Purpose

Property Purchase

Purpose

Title: Loan Purpose

I am seeking a $300,000 loan for the purchase of a residential property in Cleveland, TN, which will serve as my primary residence. This loan will facilitate my transition into homeownership and establish long-term financial stability.

The funds will be used to purchase a property in good condition, promising a secure environment without the need for immediate costly repairs. Owning a home will significantly reduce my living expenses and establish equity, contributing positively to my financial health.

For you, the lender, this is a promising opportunity as the loan is fully backed by the property itself, ensuring security. Even though my credit score is currently in the 500-549 range, I am committed to restructuring my finances and reliably meeting repayment obligations. I have been at the same job for quite some time now, and I am very interested in the FHA loan process.

I am optimistic that this loan will be mutually beneficial, and I appreciate your consideration.

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Loan Request for Residential loan in Cleveland, TN, 37312