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.
My loan officer made things go super smoothly. She communicated thoroughly throughout the process and I was able to understand everything.
Every step of the application and mortgage process was explained to us in a way that we could understand. Rebecca helped us make sure our credit was in line for the price range we were aiming for and helped us ensure we'd find the perfect place.
Rebecca was attentive, caring, and diligent in our home buying process. Her attention to detail and care for our first home was impeccable.
I can't say enough about Mrs. Rebecca! She was absolutely brilliant throughout the entire process. I would not be in my dream home without here.
Rebecca displayed great professionalism the entire process. Her communication was greatly appreciated and key to getting our first home. She will forever have a place in our hearts. Thank you Summit!!
Working with a Rebecca! She really took her time to explain the entire process and help us understand so we would be educated for our next purchase. She always made sure to answer all of our questions. She was very big on educating us and we really value that!