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.
Marlone was absolutely wonderful to work with! It was my first time buying a home and he walked me through every step and kept me up to date with everything. He is honest, professional and very trustworthy. I would highly recommend him! Thank you Marlone!
The communication, how easy it was to sign and look over the paperwork
Interaction with Marlon and his quick response to any issues or questions that came up during the process.
The hall service was great that’s why
Marlon was a consummate pro throughout the process, fielding our calls and questions at any time no matter what curveballs we threw at him