Mortgage lead for Residential loan in Mount Vernon, IL, 62864

Date Posted

3/14/2026 7:52:43 AM

Property at

Mount Vernon, IL, 62864, USA Show Map

Borrower at

Property Type

Residential

Property Value

$190,000

Purchase Price

$119,000

Loan Request

$110,000

LTV

57.89 %

Credit Rating

600-619

Net Worth

$100,000 - $150,000

Loan Purpose

Refinance all

Purpose

As the applicant for a $95,000 business purpose loan, my primary aim is to refinance and streamline our financial commitments to enhance operational efficiency. The loan will be secured by a residential property located at 1234 North 13th Street in Mount Vernon, IL, valued at $119,000. This provides a reassuring loan-to-value ratio, ensuring minimal risk for you as the lender.

The purpose of this refinance is to leverage the property's value without substantial outstanding debt, as there are no existing loans against it. By consolidating financial resources through this loan, I can effectively manage cash flows and invest in upcoming growth initiatives. My credit score falls within the 600-619 range, suggesting a reliable repayment history, while being a U.S. citizen assures legal stability. This loan is a strategic step not just for personal enhancement, but also a sound investment for your lending portfolio due to its solid backing and clear intent.

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Loan Request for Residential loan in Mount Vernon, IL, 62864