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

124 Ellen Way pic soldOver 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….

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,484 sq ft
    Lot size: 5,110 sqft
    Year built: 1996
    Parking spots: 2
    Listing with: Weichert Realtors-Collegeville
  2. 3 beds, 2 full, 1 part baths
    Home size: 2,248 sq ft
    Lot size: 2,200 sqft
    Year built: 2005
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Doylestown
  3. 2 beds, 2 full baths
    Home size: 1,004 sq ft
    Lot size: 1,004 sqft
    Year built: 2008
    Parking spots: 4
    Listing with: Advantage Real Estate Services
  4. 4 beds, 2 full baths
    Home size: 1,908 sq ft
    Lot size: 3,400 sqft
    Year built: 1944
    Parking spots: 4
    Listing with: Keller Williams Real Estate-Horsham
  5. 6 beds, 2 full baths
    Home size: 1,792 sq ft
    Lot size: 6,098 sqft
    Year built: 1910
    Listing with: Long & Foster-Quakertown
  6. 3 beds, 1 full bath
    Home size: 1,165 sq ft
    Lot size: 13,600 sqft
    Year built: 1959
    Parking spots: 3
    Listing with: Bergstresser Real Estate, Inc
  7. 4 beds, 1 full, 1 part baths
    Home size: 2,100 sq ft
    Lot size: 9,200 sqft
    Year built: 1928
    Parking spots: 4
    Listing with: Keller Williams Realty Elite-Wyomissing
  8. 3 beds, 2 full, 1 part baths
    Home size: 1,815 sq ft
    Lot size: 3,106 sqft
    Year built: 2010
    Parking spots: 3
    Listing with: RE/MAX Realty Group-Lansdale
  9. 3 beds, 2 full, 1 part baths
    Home size: 1,600 sq ft
    Lot size: 800 sqft
    Year built: 1995
    Listing with: Coldwell Banker Hearthside Realtors-Collegeville
  10. 3 beds, 2 full, 1 part baths
    Home size: 1,979 sq ft
    Lot size: 1,155 sqft
    Year built: 2006
    Parking spots: 4
    Listing with: RE/MAX Action Realty-Horsham
  11. 3 beds, 1 full, 1 part baths
    Home size: 1,440 sq ft
    Lot size: 3,000 sqft
    Year built: 1973
    Parking spots: 2
    Listing with: RE/MAX 440-Perkasie
  12. 3 beds, 1 full bath
    Home size: 1,098 sq ft
    Lot size: 20,200 sqft
    Year built: 1955
    Parking spots: 7
    Listing with: RE/MAX Reliance
  13. 3 beds, 1 full, 1 part baths
    Home size: 1,512 sq ft
    Lot size: 2,425 sqft
    Year built: 1995
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Blue Bell
  14. 3 beds, 1 full, 1 part baths
    Home size: 1,748 sq ft
    Lot size: 5,810 sqft
    Year built: 1989
    Parking spots: 2
    Listing with: RE/MAX Achievers-Collegeville
  15. 3 beds, 2 full, 1 part baths
    Home size: 1,975 sq ft
    Lot size: 2,232 sqft
    Year built: 1991
    Listing with: Coldwell Banker Preferred-Blue Bell
  16. 3 beds, 1 full, 1 part baths
    Home size: 1,530 sq ft
    Lot size: 2,100 sqft
    Year built: 2011
    Parking spots: 2
    Listing with: BHHS Fox & Roach-Macungie
  17. 3 beds, 2 full baths
    Home size: 1,512 sq ft
    Lot size: 1.45 ac
    Year built: 1994
    Parking spots: 4
    Listing with: REOcomplete Real Estate, Inc
  18. 3 beds, 2 full, 1 part baths
    Home size: 1,380 sq ft
    Lot size: 5,068 sqft
    Year built: 1995
    Parking spots: 3
    Listing with: Weichert Realtors-Collegeville
  19. 3 beds, 2 full, 1 part baths
    Home size: 1,284 sq ft
    Lot size: 5,068 sqft
    Year built: 1993
    Parking spots: 4
    Listing with: Springer Realty Group - Limerick
  20. 3 beds, 1 full, 1 part baths
    Home size: 2,016 sq ft
    Lot size: 3.81 ac
    Year built: 1850
    Parking spots: 4
    Listing with: RE/MAX Achievers-Collegeville
  21. 3 beds, 1 full, 1 part baths
    Home size: 1,092 sq ft
    Lot size: 40,600 sqft
    Year built: 1967
    Parking spots: 4
    Listing with: Keller Williams Real Estate-Montgomeryville
  22. 2 beds, 1 full, 1 part baths
    Home size: 1,277 sq ft
    Lot size: 1,277 sqft
    Year built: 1995
    Listing with: RE/MAX Results Realty-Collegeville
  23. 3 beds, 1 full, 1 part baths
    Home size: 1,596 sq ft
    Lot size: 2,222 sqft
    Year built: 1978
    Listing with: RE/MAX 440-Quakertown
  24. 3 beds, 2 full, 1 part baths
    Home size: 1,520 sq ft
    Lot size: 2,200 sqft
    Year built: 1999
    Parking spots: 2
    Listing with: The Frederick Group
  25. 3 beds, 2 full, 1 part baths
    Home size: 1,320 sq ft
    Lot size: 4,000 sqft
    Year built: 1992
    Parking spots: 3
    Listing with: RE/MAX Centre Realtors

See all Zero Down Homes $175-$250k.
(all data current as of 7/30/2015)

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

 

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