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.
Consistent communication and ease of reaching closing on the buyers part.
Thank you guys so much! You were so patient and explained any questions. Communication was fantastic!! We appreciate everything!
Greg and Lyndsay were very helpful and also quite patient with us when they had to explain the process. My wife and I were very out of tune in the home financing world but Greg and his team led us through it.
Greg was always helpful and available for quest questions. He is the best mortgage professional I have ever worked with.
Everything was Easy!!!
Greg and team were very helpful throughout the whole process. They really made the home buying process easy and took out the intimidation of such a large a momentous purchase! 10/10