logo wealth Login

Whether it’s making cookies or decorating the Christmas tree, the best family moments are made in the mess.

  • Contact us to get started!

  • Phone Number

Things to keep in mind

Tips for Upgrading to a Bigger Home


iconLook into Swing
(or Bridge) Loans

Swing loans can be perfect for families who own a home but are looking to move into a new house. In short, they provide the ability to use your current home's equity towards a down payment for a new home.

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.


iconKnow Your Budget

Crunch the numbers and figure out how much house you can comfortably afford. A general rule is that a mortgage payment should not exceed more than 28% of your gross monthly income. Talk to one of our mortgage experts for specific guidance!

iconDon't Assume "Online Only" Lenders are Always the Most Affordable

While "online only" mortgages may seem convenient, many customers have told us their closing costs and other fees were outrageous and came as a complete surprise. We won't pull any surprises like this and will work with you to get the most affordable home loan we can.



iconPlan for Potentially Higher Home Related Expenses

A larger home will most likely come with increased utility expenses, home maintenance expenses, furniture purchases, and higher property taxes. Be sure to factor these into your overall budget when house hunting.

iconConsider a Home's Resale Value Before Purchasing

While a bigger house now fits your needs, years down the road when the kids move out, you may want to downsize. Keep in mind a home's potential resale value while house hunting as it could pay off huge for you down the road if you put it back on the market.


Ready to Get Started?

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.


Back To Top

questionmark sign - Mutual BankNeed Help?