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.
Jan knew her loan products, discussed what we thought would be the best one. Discussed down payment needs, etc. she keeps up on the market and establishes a good working relationship with clients and brokers.
Straight forward processing, communication when needed and differant options were presented to let us make an informed decision
Everything was efficient, clearly communicated, and professional.
Jen went above and beyond with helping us complete the mortgage process.
Friendly service that makes you feel like your family.
Everyone made this so easy even though I am in Europe