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 4/17/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,838 sq ft
    Lot size: 1,838 sqft
    Year built: 2007
    Parking spots: 2
    Listing with: Weichert Realtors-Collegeville
  2. 3 beds, 1 full, 1 part baths
    Home size: 1,480 sq ft
    Lot size: 2,178 sqft
    Year built: 1980
    Parking spots: 2
    Listing with: Coldwell Banker Heritage-Quakertown
  3. 3 beds, 1 full, 1 part baths
    Home size: 1,720 sq ft
    Lot size: 8,374 sqft
    Year built: 1995
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Horsham
  4. 3 beds, 1 full, 1 part baths
    Home size: 1,700 sq ft
    Lot size: 9,000 sqft
    Year built: 1927
    Parking spots: 5
    Listing with: Keller Williams Real Estate-Montgomeryville
  5. 3 beds, 1 full bath
    Home size: 1,560 sq ft
    Lot size: 4,269 sqft
    Year built: 1938
    Listing with: RE/MAX 440-Quakertown
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,636 sq ft
    Lot size: 2,000 sqft
    Year built: 1999
    Parking spots: 2
    Listing with: Coldwell Banker Preferred-Blue Bell
  7. 3 beds, 2 full, 1 part baths
    Home size: 1,800 sq ft
    Lot size: 4,076 sqft
    Year built: 2008
    Parking spots: 3
    Listing with: Century 21 Alliance- Royersford
  8. 3 beds, 1 full bath
    Home size: 1,257 sq ft
    Lot size: 9,000 sqft
    Year built: 1960
    Parking spots: 3
    Listing with: Coldwell Banker Hearthside-Doylestown
  9. 3 beds, 2 full, 1 part baths
    Home size: 2,332 sq ft
    Lot size: 1,080 sqft
    Year built: 2007
    Parking spots: 3
    Listing with: Bergstresser Real Estate, Inc
  10. 3 beds, 2 full baths
    Home size: 2,084 sq ft
    Lot size: 13,980 sqft
    Year built: 1910
    Parking spots: 2
    Listing with: Coldwell Banker Preferred-Blue Bell
  11. 4 beds, 2 full, 1 part baths
    Home size: 1,824 sq ft
    Lot size: 4,800 sqft
    Year built: 1900
    Listing with: Keller Williams Realty Group
  12. 2 beds, 1 full bath
    Home size: 1,104 sq ft
    Lot size: 1.39 ac
    Year built: 1920
    Parking spots: 6
    Listing with: Keller Williams Real Estate-Doylestown
  13. 0 beds, 0 baths
    Home size: 2,988 sq ft
    Lot size: 1.05 ac
    Year built: 1920
    Parking spots: 1
    Listing with: Richard A Zuber Realty-Pottstown
  14. 3 beds, 2 full, 1 part baths
    Home size: 1,484 sq ft
    Lot size: 4,622 sqft
    Year built: 2002
    Parking spots: 3
    Listing with: RE/MAX Achievers, Inc -Pottstown
  15. 3 beds, 2 full, 1 part baths
    Home size: 1,815 sq ft
    Lot size: 7,438 sqft
    Year built: 2009
    Parking spots: 4
    Listing with: Keller Williams Realty Group
  16. 3 beds, 2 full, 1 part baths
    Home size: 1,828 sq ft
    Lot size: 3,300 sqft
    Year built: 1999
    Parking spots: 2
    Listing with: Century 21 Longacre Realty
  17. 3 beds, 2 full baths
    Home size: 1,152 sq ft
    Lot size: 1.47 ac
    Year built: 1986
    Parking spots: 6
    Listing with: Real Estate Excel-Perkasie
  18. 5 beds, 2 full baths
    Home size: 2,400 sq ft
    Lot size: 13,600 sqft
    Year built: 1935
    Parking spots: 4
    Listing with: Century 21 Alliance-Audubon
  19. 3 beds, 1 full, 1 part baths
    Home size: 2,000 sq ft
    Lot size: 2,600 sqft
    Year built: 1978
    Parking spots: 2
    Listing with: Class-Harlan Real Estate
  20. 3 beds, 2 full, 1 part baths
    Home size: 1,582 sq ft
    Lot size: 7,161 sqft
    Year built: 2003
    Parking spots: 4
    Listing with: RE/MAX 440-Pennsburg
  21. 3 beds, 1 full, 1 part baths
    Home size: 1,400 sq ft
    Lot size: 1,736 sqft
    Year built: 2000
    Listing with: RE/MAX Achievers-Collegeville
  22. 3 beds, 2 full, 1 part baths
    Home size: 1,489 sq ft
    Lot size: 4,720 sqft
    Year built: 2000
    Parking spots: 4
    Listing with: RE/MAX 440-Pennsburg
  23. 3 beds, 1 full, 1 part baths
    Home size: 1,451 sq ft
    Lot size: 2,000 sqft
    Year built: 1977
    Listing with: Keller Williams Real Estate-Blue Bell
  24. 3 beds, 1 full bath
    Home size: 1,520 sq ft
    Lot size: 8,488 sqft
    Year built: 1954
    Parking spots: 3
    Listing with: Weichert Realtors-Collegeville
  25. 4 beds, 1 full, 1 part baths
    Home size: 2,135 sq ft
    Lot size: 3,052 sqft
    Year built: 1977
    Parking spots: 2
    Listing with: The Barndt Agency Inc

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

 

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