.svg)
Moving is often a time filled with a lot of excitement. Relocating can also come with a fair amount of stress, particularly when it comes to navigating the logistics of simultaneously selling your existing home and purchasing a new home. Frequently in these situations, the purchase offer is contingent on the sale of an existing home. Having a contingent offer could make it more challenging to purchase a home and may even influence how sellers view your purchase offer. This could make it difficult to have your offer accepted. However, Evergreen Home Loans™ offers a solution for homeowners who are ready to move but might need more time to sell.
StepUp by Evergreen is an innovative product that allows homeowners to purchase their next home before selling, or even listing, their current home. Not only that, it elevates the strength of your offer with a quick close—you could have the keys to your new home in as little as 15 business days.
Here’s how it works:
- Step 1: Secure a bridge loan. (You can skip this step if you have a sufficient down payment.)
- Step 2: Purchase a home and close quickly using the StepUp portfolio loan program.
- Step 3: Refinance into your permanent loan program.
This financing option is designed to ease the process of selling a home to buy a new one. By focusing on one transaction at a time, you may find that the process of moving is a bit less stressful. The expedited close allows you to move through the process quickly so you can settle into your new home sooner.
StepUp is just part of the innovative suite of products that Evergreen offers homebuyers and sellers. Whether you need to expedite selling your current home or secure a financing option that could make your next home more affordable (or both), our solutions are designed to help you home.
If you have questions about our innovative product lineup or would like to see if StepUp could help you move into your next home sooner, reach out to one of our knowledgeable loan officers today.
