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Downsizing actually gives you more room – room to ignite new passions and embrace a new chapter in your life. We offer seamless home downsizing for empty nesters.

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Things to keep in mind

Downsizing Tips for Empty Nesters


iconLook into Swing
(or Bridge) Loans

Swing loans can be perfect for empty nesters who own a home but are looking to downsize into a smaller space. In short, they provide the ability to use your current home's equity (while you are still trying to sell it) towards a down payment for a new home.

iconHow much space will you need?

You may not need 4 or 5 bedrooms anymore, but did you plan on hosting guests for extended stays? Or the grandkids? Will you need space for entertaining, a hobby or a home office? Or perhaps for an aging parent to live with you? Try to prioritize what space will be necessary.

iconStart Downsizing Before Moving

Moving into a smaller space with less storage requires getting rid of furniture and other items you don't use. Start the process of deciding what to keep and what to give away before you move - so you know how much space you'll actually need and reduce moving stress!

iconLocation. Location. Location.

While the selection of your previous home's location may have been based on school districts or distance from the office, you now get pick your ideal location (possibly) free of those restrictions! Whether you want to live near a park, in the city, or in the country, be extra choosy with your location.



iconDon't Forget About FHA or USDA Loans

While we offer traditional fixed and variable mortgages, we also have access to offer FHA or USDA loans. These are government backed loans that often require significantly less of a down payment and, in general, can be easier to qualify for.


iconConsider City Living

With less maintenance and upkeep, a residence in the city may be perfect if closeness to restaurants, stores, and other activities is important to you. Many empty nesters are moving from the suburbs back into the city.


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FHA and USDA loans originated by Summit Mortgage. Summit Mortgage is a wholly-owned subsidiary of MutualBank and is not a member of the FDIC. MutualBank is a member of the FDIC. The lender is not affiliated with FHA or USDA. Additional terms and conditions may apply. Rates are subject to change without notice.


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