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.
No messing around
The team at Summit Funding made the process an easy experience, even with our changing loan types. This team was always available for questions and clearly walked us through the process. Very helpful all around and great team!
You came to my rescue! When having Wells Fargo help with wiring my down payment, the banker told me she hadn’t seen a rate that low in awhile. Thank you for making it happen!
Tracey was outstanding to work with. Everything moved along quickly and she kept us apprised every step of the way.
Quick to answer any questions. We felt you were there for us every step of the way.