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.
Taylor Elmo, Gelisa Edwards, and Emma Glaspey all did a great job of keeping us informed and communicated with us on a weekly basis. They were great, and had an amazing amount of knowledge about the industry.
Super knowledgeable loan officer helped me every step of the way and found the best plan for me overall pretty bad a** guy
Taylor got me a great rate and had good communication throughout .
Taylor Elmo, Gelisa Edwards and Emma Glaspey were on top of everything. It didn’t matter what time it was, my phone calls and texts messages were always answered. Taylor and his team made this loan feel stressless and that was an incredible experience. Will definitely be going again with them for further future loans.
You were always available and always answered all of our questions. We appreciate your knowledge and expertise on the housing market in the area
Working with Taylor Elmo. He really worked hard for us and answered all of our difficult questions while always giving us prompt updates on loan.