Buyer purchases home in Harleysville, PA for just $9.55 out of pocket!

Over 18 years in this business and I set a new record, just $9.55 to buy a $225,000 home!  No joke, Chris and Delia were able to buy a twin home in Harleysville with 3 bedrooms, 2 1/2 baths, a finished basement, and fenced-in back yard for just $9.55 out of pocket!  Homebuying in Harleysville

How can this be done? They qualified for the USDA Rural Development program.  This mortgage program, which has been around for over 20 years, allows 100% financing and when structured properly, it allows for the seller and/or lender to credit you money to pay all closing costs, up to 6% of the sale price!  So what rate did they get??  A 30 year fixed rate at 3.75%.   With a payment of only $1455, they are saving $300 from their former rent payment.  Amazing!

So how can you do this too?  Yes, there are restrictions but they are not as bad as you would think.  First and foremost, you need to find a home in an eligible area.  Because this program is called “rural development”, you need to find a home in what the USDA considers rural.  Most of central and upper Montgomery and Bucks Counties apply, but you can see the map for yourself here.

Next, you need to meet the income requirements that are quite lenient. For 1-4 people living in the house, the total household income should be LESS than $93,450.  If you have more people in your household, you can make more.  To determine if your current income levels apply, just complete the simple form by clicking here.

Lastly, the infamous credit rating.  You need to have a minimum of a 600 credit score.  That means the middle of all three credit scores reporting on your credit report must be a minimum of 600.  If you need to get a copy of your credit report, contact me or visit PrivacyGuard.com where you can sign up to get your report for $1.  Just be sure to cancel the recurring monthly subscription when you are done using the service.

Now that you have done your homework, you should contact a lender to get pre-approved for the program.  Make sure the lender offers the USDA program and has experience in using it.  They can be tricky if you do not know what you are doing.  The easiest way to make sure you are dealing with the right people is to complete my free online pre-approval form so that I can forward your information  to the best person for your particular situation.

Not everyone will be able to buy for less than $10, after all, this is the lowest amount of money spent to buy a home in my 18 years in real estate.  But I will guarantee that you will put much less out of pocket than paying first and last month rent on a new apartment.  So call, text, or email me with questions and let’s get you started!  Below are some of the newest Zero Down Home listings available….

See all Zero Down Homes $175-$250k.
(all data current as of 7/28/2014)

  1. 3 beds, 1 full, 1 part baths
    Home size: 1,968 sq ft
    Lot size: 1.30 ac
    Year built: 1887
    Parking spots: 3
    Listing with: Weichert Realtors-Collegeville
  2. 0 beds, 0 baths
    Home size: 1,776 sq ft
    Lot size: 871 sqft
    Year built: 1975
    Listing with: RE/MAX Reliance
  3. 3 beds, 1 full, 1 part baths
    Home size: 1,248 sq ft
    Lot size: 5,041 sqft
    Year built: 1989
    Parking spots: 1
    Listing with: Glocker & Company-Pottstown
  4. 2 beds, 1 full bath
    Home size: 946 sq ft
    Lot size: 10,700 sqft
    Year built: 1956
    Parking spots: 1
    Listing with: Brode & Brooks Inc
  5. 4 beds, 2 full, 1 part baths
    Home size: 1,334 sq ft
    Lot size: 5,294 sqft
    Year built: 2002
    Parking spots: 2
    Listing with: BHHS Fox & Roach-Coopersburg
  6. 4 beds, 2 full, 1 part baths
    Home size: 2,028 sq ft
    Lot size: 5,000 sqft
    Year built: 1995
    Listing with: RE/MAX Centre Realtors
  7. 3 beds, 2 full, 1 part baths
    Year built: 1993
    Listing with: Long and Foster-Doylestown
  8. 3 beds, 1 full bath
    Home size: 1,012 sq ft
    Lot size: 14,013 sqft
    Year built: 1919
    Parking spots: 1
    Listing with: Long and Foster-Doylestown
  9. 4 beds, 1 full bath
    Home size: 1,641 sq ft
    Lot size: 31,200 sqft
    Year built: 1947
    Parking spots: 5
    Listing with: Sanford Alderfer Real Estate
  10. 3 beds, 1 full bath
    Home size: 1,538 sq ft
    Lot size: 3,318 sqft
    Year built: 1925
    Listing with: Keller Williams Real Estate-Doylestown
  11. 3 beds, 1 full, 1 part baths
    Home size: 1,192 sq ft
    Lot size: 7,956 sqft
    Year built: 1984
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Doylestown
  12. 2 beds, 1 full bath
    Home size: 1,132 sq ft
    Lot size: 8,700 sqft
    Year built: 1952
    Parking spots: 4
    Listing with: Keller Williams Real Estate-Montgomeryville
  13. 2 beds, 2 full baths
    Home size: 1,267 sq ft
    Lot size: 1,267 sqft
    Year built: 1993
    Parking spots: 3
    Listing with: RE/MAX Executive Realty-Bryn Mawr
  14. 2 beds, 2 full, 1 part baths
    Home size: 1,268 sq ft
    Lot size: 1,268 sqft
    Year built: 1998
    Listing with: RE/MAX 440-Skippack
  15. 4 beds, 2 full, 1 part baths
    Home size: 1,789 sq ft
    Lot size: 2,000 sqft
    Year built: 1995
    Parking spots: 1
    Listing with: Platinum First Realty
  16. 3 beds, 2 full, 1 part baths
    Home size: 1,560 sq ft
    Lot size: 3,145 sqft
    Year built: 1996
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Allentown
  17. 3 beds, 2 full, 1 part baths
    Home size: 1,664 sq ft
    Lot size: 2,800 sqft
    Year built: 2000
    Listing with: Keller Williams Real Estate-Horsham
  18. 3 beds, 2 full, 1 part baths
    Home size: 1,716 sq ft
    Lot size: 12,540 sqft
    Year built: 1984
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Montgomeryville
  19. 4 beds, 1 full bath
    Home size: 1,168 sq ft
    Lot size: 20,713 sqft
    Year built: 1942
    Parking spots: 1
    Listing with: RE/MAX 440-Skippack
  20. 3 beds, 2 full, 1 part baths
    Home size: 1,810 sq ft
    Year built: 1990
    Parking spots: 2
    Listing with: Platinum First Realty
  21. 5 beds, 1 full, 1 part baths
    Home size: 2,904 sq ft
    Lot size: 10,000 sqft
    Year built: 1905
    Parking spots: 4
    Listing with: Premier Real Estate, Inc.
  22. 4 beds, 2 full baths
    Home size: 2,037 sq ft
    Lot size: 2.00 ac
    Year built: 1976
    Listing with: Noble Real Estate LLC
  23. 3 beds, 1 full, 1 part baths
    Home size: 1,583 sq ft
    Lot size: 1,849 sqft
    Year built: 1993
    Listing with: BHHS Fox & Roach - Harleysville
  24. 3 beds, 1 full, 1 part baths
    Home size: 1,366 sq ft
    Lot size: 4,896 sqft
    Year built: 1974
    Parking spots: 3
    Listing with: Century 21 Alliance-Audubon
  25. 3 beds, 2 full, 1 part baths
    Home size: 1,742 sq ft
    Lot size: 1,742 sqft
    Year built: 2008
    Parking spots: 2
    Listing with: Keller Williams Realty Group

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

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