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.
On top of everything. Super communicative. Going above and beyond what I expected
Quick responses to every question we had no matter the time of day!
all the help was there when we needed it and all of our questions were answered in depth and thoroughly
Very friendly and helpful. It was very nice being informed of where the process was as it progressed
Joe made sure we were listened to and then worked extremely fast to make sure our loan was approved. Even when there was a hiccup with Texas and bridge loans, he found a way to help us still put an offer down and move forward.
Nice person, he help me a lot