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.
Codi is a very thorough worker
Codi and everyone on her team got back to me and my husband Aaron so fast about everything. They also took time to make sure we understood what was going on in the loan process. Overall they were all just super nice and helped make the process smooth.
Very clear instructions on where we were at in the process and also frequent updates to how our loan was progressing. Everyone involved was always available to answer questions.
Great team to work with, clear communications, and if there was ever a problem or question theu where quickly resolved.
Smooth and efficient process, excellent communications between all parties, good follow up and experience in advice and consultation
Just made everything so easy, flowed easy and answered all questions quickly!!