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.
Integrity, knowledge and just good people. We have used Summit Funding twice now and they make the whole mortgage process easy.
Personal attention, caring attitude, willingness to answer my many questions. Chase, Kristin, Randy, and Jacek really did work as a team. That made me confident and comfortable.
Detailed communication, timely responses accessible team.
Team answered all our questions and was willing to spend the extra time to explain everything so we fully understood all the options, requirements, and benefits.
My circumstances were weird and your team was very helpful in working with me. I would suggest that you hire a Data Analyst and Heather Stewart just so happens to know one who could start in as soon as 2 weeks.
It was easy