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.
The process wasn't smooth and took a long time but the team at summit was always there to answer my call and work with me
Cool, calm, collected expertise
The communication and follow through was Consistent. When we had a question they were easy to connect with us. Felt taken care of.
Andrew and Elainie were so communicative, professional, and efficient. It was a pleasure to work with them!
I enjoyed the videos sent to me during each phase of where we were at during the process.