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 1/28/2015)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,888 sq ft
    Lot size: 2,310 sqft
    Year built: 1999
    Parking spots: 2
    Listing with: Realty Executives-Skippack
  2. 3 beds, 2 full baths
    Home size: 1,550 sq ft
    Lot size: 1,781 sqft
    Year built: 1891
    Listing with: RE/MAX Advisors
  3. 3 beds, 1 full bath
    Home size: 1,344 sq ft
    Lot size: 1.40 ac
    Year built: 1955
    Parking spots: 3
    Listing with: RE/MAX Achievers-Collegeville
  4. 4 beds, 1 full, 1 part baths
    Home size: 1,741 sq ft
    Lot size: 4,620 sqft
    Year built: 1930
    Parking spots: 4
    Listing with: Keller Williams Real Estate-Blue Bell
  5. 3 beds, 2 full, 1 part baths
    Home size: 1,976 sq ft
    Lot size: 11,371 sqft
    Year built: 2000
    Parking spots: 2
    Listing with: Coldwell Banker Realty Corporation-Lansdale
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,614 sq ft
    Lot size: 5,000 sqft
    Year built: 1994
    Parking spots: 1
    Listing with: Keller Williams Real Estate-Doylestown
  7. 3 beds, 2 full baths
    Home size: 1,691 sq ft
    Lot size: 12,300 sqft
    Year built: 1926
    Parking spots: 3
    Listing with: RE/MAX 440-Pennsburg
  8. 3 beds, 1 full, 1 part baths
    Home size: 1,440 sq ft
    Lot size: 3,384 sqft
    Year built: 2000
    Parking spots: 4
    Listing with: Long and Foster-Blue Bell
  9. 3 beds, 1 full bath
    Home size: 1,387 sq ft
    Year built: 1953
    Parking spots: 1
    Listing with: RE/MAX Centre Realtors
  10. 3 beds, 2 full, 1 part baths
    Home size: 1,814 sq ft
    Lot size: 1,814 sqft
    Year built: 2008
    Parking spots: 1
    Listing with: BHHS Fox & Roach-Collegeville
  11. 4 beds, 1 full bath
    Home size: 2,072 sq ft
    Lot size: 3.05 ac
    Year built: 1900
    Listing with: Platinum First Realty
  12. 2 beds, 1 full, 1 part baths
    Home size: 1,568 sq ft
    Lot size: 1,568 sqft
    Year built: 1997
    Listing with: RE/MAX Results Realty-Collegeville
  13. 3 beds, 1 full, 2 part baths
    Lot size: 18,900 sqft
    Year built: 1860
    Listing with: RE/MAX Achievers-Collegeville
  14. 3 beds, 1 full, 1 part baths
    Home size: 1,366 sq ft
    Lot size: 4,896 sqft
    Year built: 1974
    Listing with: Providence Realty Services, Inc
  15. 3 beds, 2 full, 1 part baths
    Home size: 1,620 sq ft
    Lot size: 7,500 sqft
    Year built: 1994
    Parking spots: 3
    Listing with: J C Molloy
  16. 3 beds, 1 full, 1 part baths
    Home size: 1,808 sq ft
    Lot size: 5,392 sqft
    Year built: 1975
    Parking spots: 2
    Listing with: Keller Williams Realty Group
  17. 3 beds, 2 full, 1 part baths
    Home size: 1,920 sq ft
    Lot size: 1,104 sqft
    Year built: 2008
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Montgomeryville
  18. 3 beds, 2 full, 1 part baths
    Home size: 2,128 sq ft
    Lot size: 2,186 sqft
    Year built: 2004
    Parking spots: 2
    Listing with: Crossroads Realty Services
  19. 2 beds, 1 full bath
    Home size: 776 sq ft
    Lot size: 10,800 sqft
    Year built: 1953
    Parking spots: 1
    Listing with: RE/MAX 440-Quakertown
  20. 3 beds, 2 full, 1 part baths
    Home size: 1,872 sq ft
    Lot size: 1,092 sqft
    Year built: 2006
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Montgomeryville
  21. 3 beds, 1 full, 1 part baths
    Home size: 1,338 sq ft
    Lot size: 11,328 sqft
    Year built: 1957
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Horsham
  22. 4 beds, 1 full, 1 part baths
    Home size: 1,214 sq ft
    Year built: 1950
    Parking spots: 4
    Listing with: RE/MAX 440-Quakertown
  23. 4 beds, 1 full bath
    Home size: 1,366 sq ft
    Lot size: 3,259 sqft
    Year built: 1907
    Parking spots: 1
    Listing with: Keller Williams Real Estate-Montgomeryville
  24. 3 beds, 1 full bath
    Home size: 1,008 sq ft
    Lot size: 14,760 sqft
    Year built: 1956
    Parking spots: 4
    Listing with: RE/MAX 440-Skippack
  25. 4 beds, 2 full, 1 part baths
    Home size: 2,312 sq ft
    Lot size: 32,817 sqft
    Year built: 1991
    Parking spots: 4
    Listing with: Platinum First Realty

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

 

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