Credit scores range anywhere from 350-850 and are impacted by a range of factors.
Your number is determined by five combined factors to make up your personal score. Yes, your credit score is an important element to your home buying process, but even if your score is lower than desired, don’t give up! At Summit Funding, we have a team of knowledgeable loan officers who will work with you on your credit strengths and guide you through any weaknesses. Your new home is the ultimate finish line and we want to cross it with you.
This looks at what types of credit you have.
New applications for credit might cause you to be risky and lower your score.
How long your accounts have been open. If you are going to close an account, DO NOT close the oldest.
How active EACH of your accounts are will affect this portion of your score.
Making sure that you have your payments in full and on time.
Kevin has always been great with my clients. They let you know what is going on every step of the way. Weekly alerts and it was fast. He also educated them through the process.
Kevin + Team are amazing communicators & walk you through every step of the process. I always have a lot of questions & Kevin answers ALL of them.
Process was mostly easy going.
The whole team from Lashonte Harris, Monique Hudgins and Will Bracy. This has been the easiest process ever! Everyone did their part and did it to a high standard.
Communication and transparency.