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.
Thanks for making our dream of owning a house come true!
The team was very helpful, made the process relatively stress free and was done in a timely and efficient manner.
Clint and Nikki were always very knowledgeable, kind and helpful. They were always accessible. I got an amazing loan and an amazing house. I want to use their services again to purchase a second home.
Highly recommend they took the time to help with our credit what to pay etc walked us all the way to the front door of our dream home.
That they took the time to sit down and get us and our credit where it needed to be to get approval
Clint was great to work with and alot of help getting my credit score up to achieve the goal of becoming first time home owners