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.
Super simple. We were going to go with mazuma but do to the expertise and communication we went with summit. They also got us a better rate.
Lacey, Brittany and Amanda did an awesome job keeping everything very straight forward and on track. It was truly an exceptional experience working with them. And my realtor Desre' was fabulous as well. She was a rock for me when I have been going through such a tough time.
Stress free and everything was on time for closing
The timely communication and knowledge
The team at Summit were all very helpful if we had a question you have more that one person to HELP !!!
Working with Lacey, Maya, and Amanda was the best experience I have had with a loan officer. They made sure that we understood every option available, while letting us ultimately make the decision.