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.
Lisa and her team at Summit Funding have been incredibly helpful through the entire experience! They have a regular cadence to their communication and have taken the time to thoroughly explain processes to me. The app that they use is also incredibly informative and user friendly. I highly recommend them!
Denise and her team are awesome!! She works fast and she gets the job done effectively. I highly recommend Denise and her team as a lender for your home buying goals.
Answered all our questions with very fast responses!
Your bank treated me like me not s*** like banks last 5 yrs I did not cause covid nor the closer of 1/2"the usa.
Very quick and clear communication
Quick process John is great at what he does he is smart has lots of experience and I good at what he does