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….

See all Zero Down Homes $175-$250k.
(all data current as of 3/30/2015)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,536 sq ft
    Lot size: 6,136 sqft
    Year built: 1994
    Parking spots: 2
    Listing with: RE/MAX 440-Perkasie
  2. 3 beds, 1 full, 1 part baths
    Home size: 1,520 sq ft
    Year built: 1970
    Parking spots: 2
    Listing with: Media Real Estate
  3. 3 beds, 2 full, 1 part baths
    Home size: 1,380 sq ft
    Lot size: 5,068 sqft
    Year built: 1994
    Parking spots: 2
    Listing with: Coldwell Banker Hearthside Realtors-Collegeville
  4. 3 beds, 2 full, 1 part baths
    Home size: 1,527 sq ft
    Lot size: 3,000 sqft
    Year built: 1991
    Listing with: Keller Williams Real Estate-Montgomeryville
  5. 2 beds, 2 full baths
    Home size: 1,068 sq ft
    Lot size: 1,068 sqft
    Year built: 1989
    Listing with: Keller Williams Real Estate -Exton
  6. 4 beds, 1 full, 1 part baths
    Home size: 1,520 sq ft
    Lot size: 4,500 sqft
    Year built: 1902
    Parking spots: 2
    Listing with: RE/MAX Realty Group-Lansdale
  7. 4 beds, 1 full bath
    Home size: 1,313 sq ft
    Lot size: 9,600 sqft
    Year built: 1940
    Parking spots: 1
    Listing with: Weichert Realtors-Blue Bell
  8. 3 beds, 1 full bath
    Home size: 1,260 sq ft
    Lot size: 1.03 ac
    Year built: 1953
    Parking spots: 4
    Listing with: Long & Foster-Blue Bell2
  9. 3 beds, 2 full, 1 part baths
    Home size: 1,488 sq ft
    Lot size: 2,884 sqft
    Year built: 1995
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Horsham
  10. 3 beds, 2 full baths
    Home size: 1,966 sq ft
    Lot size: 1.02 ac
    Year built: 1973
    Parking spots: 4
    Listing with: Long & Foster-Audubon
  11. 2 beds, 1 full bath
    Home size: 780 sq ft
    Lot size: 8,500 sqft
    Year built: 1931
    Parking spots: 3
    Listing with: RE/MAX Ready
  12. 3 beds, 1 full bath
    Home size: 1,370 sq ft
    Lot size: 12,600 sqft
    Year built: 1910
    Parking spots: 5
    Listing with: Keller Williams Real Estate-Doylestown
  13. 2 beds, 2 full, 1 part baths
    Home size: 1,344 sq ft
    Lot size: 1,344.00 ac
    Year built: 1997
    Listing with: BHHS Fox & Roach-Collegeville
  14. 2 beds, 1 full, 1 part baths
    Home size: 1,298 sq ft
    Lot size: 12,880 sqft
    Year built: 1986
    Parking spots: 3
    Listing with: RE/MAX 440-Quakertown
  15. 3 beds, 1 full bath
    Home size: 1,460 sq ft
    Lot size: 30,000 sqft
    Year built: 1949
    Parking spots: 4
    Listing with: Edward G Browning Real Estate, LLC
  16. 2 beds, 1 full, 1 part baths
    Home size: 1,313 sq ft
    Lot size: 40,278 sqft
    Year built: 1972
    Parking spots: 4
    Listing with: RE/MAX 440-Perkasie
  17. 3 beds, 1 full bath
    Home size: 1,264 sq ft
    Lot size: 1.01 ac
    Year built: 1953
    Parking spots: 5
    Listing with: BHHS Fox & Roach-Doylestown
  18. 3 beds, 1 full bath
    Home size: 1,468 sq ft
    Lot size: 1.98 ac
    Year built: 1956
    Parking spots: 5
    Listing with: Bristol Real Estate
  19. 3 beds, 2 full, 1 part baths
    Home size: 2,092 sq ft
    Year built: 2015
    Parking spots: 3
    Listing with: Ryan Homes
  20. 2 beds, 2 full, 1 part baths
    Home size: 1,693 sq ft
    Lot size: 1,000 sqft
    Year built: 2015
    Parking spots: 2
    Listing with: BHHS Fox & Roach - Harleysville
  21. 2 beds, 2 full, 1 part baths
    Home size: 1,697 sq ft
    Lot size: 1,000 sqft
    Year built: 2015
    Parking spots: 2
    Listing with: BHHS Fox & Roach - Harleysville
  22. 2 beds, 2 full, 1 part baths
    Home size: 1,688 sq ft
    Lot size: 1,000 sqft
    Year built: 2015
    Parking spots: 2
    Listing with: BHHS Fox & Roach - Harleysville
  23. 3 beds, 2 full baths
    Home size: 1,861 sq ft
    Lot size: 1,000 sqft
    Year built: 2015
    Listing with: BHHS Fox & Roach - Harleysville
  24. 2 beds, 1 full bath
    Lot size: 20,473 sqft
    Year built: 1955
    Parking spots: 4
    Listing with: Keller Williams Real Estate-Doylestown
  25. 3 beds, 1 full, 1 part baths
    Home size: 1,592 sq ft
    Lot size: 6,969 sqft
    Year built: 1987
    Parking spots: 4
    Listing with: Keller Williams Real Estate-Doylestown

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

 

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