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 4/19/2015)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,200 sq ft
    Lot size: 1,563 sqft
    Year built: 1997
    Parking spots: 2
    Listing with: BHHS Keystone Properties
  2. 2 beds, 2 full baths
    Home size: 930 sq ft
    Lot size: 25.33 ac
    Year built: 1986
    Listing with: Coldwell Banker Hearthside-Hellertown
  3. 3 beds, 2 full, 1 part baths
    Home size: 2,248 sq ft
    Lot size: 2,318 sqft
    Year built: 2005
    Parking spots: 3
    Listing with: Coldwell Banker Hearthside-Hellertown
  4. 4 beds, 1 full, 1 part baths
    Home size: 1,900 sq ft
    Lot size: 14,500 sqft
    Year built: 1910
    Parking spots: 4
    Listing with: RE/MAX Main Line-Kimberton
  5. 3 beds, 1 full, 1 part baths
    Home size: 1,040 sq ft
    Lot size: 7,001 sqft
    Year built: 1998
    Parking spots: 1
    Listing with: RE/MAX Reliance
  6. 3 beds, 1 full bath
    Home size: 1,301 sq ft
    Lot size: 4,050 sqft
    Year built: 1935
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Montgomeryville
  7. 3 beds, 2 full, 1 part baths
    Home size: 2,190 sq ft
    Year built: 2015
    Parking spots: 4
    Listing with: Ryan Homes
  8. 3 beds, 2 full, 1 part baths
    Home size: 1,839 sq ft
    Year built: 2015
    Parking spots: 4
    Listing with: Ryan Homes
  9. 4 beds, 1 full bath
    Home size: 1,370 sq ft
    Lot size: 3,712 sqft
    Year built: 1928
    Parking spots: 3
    Listing with: RE/MAX Central-Lansdale
  10. 3 beds, 1 full bath
    Home size: 1,965 sq ft
    Lot size: 11,250 sqft
    Year built: 1920
    Parking spots: 2
    Listing with: RE/MAX 440-Skippack
  11. 3 beds, 2 full, 1 part baths
    Home size: 1,610 sq ft
    Lot size: 5,227 sqft
    Year built: 1990
    Parking spots: 2
    Listing with: Century 21 New Horizons Real Estate
  12. 3 beds, 2 full, 1 part baths
    Home size: 2,468 sq ft
    Year built: 2015
    Parking spots: 4
    Listing with: Ryan Homes
  13. 7 beds, 1 full bath
    Home size: 2,996 sq ft
    Lot size: 15,246 sqft
    Year built: 1900
    Parking spots: 5
    Listing with: Realty Executives-Skippack
  14. 7 beds, 2 full baths
    Home size: 2,996 sq ft
    Lot size: 15,100 sqft
    Year built: 1900
    Parking spots: 5
    Listing with: Realty Executives-Skippack
  15. 2 beds, 2 full, 1 part baths
    Home size: 1,462 sq ft
    Lot size: 5,712 sqft
    Year built: 1980
    Parking spots: 3
    Listing with: Springer Realty Group - Limerick
  16. 2 beds, 1 full, 1 part baths
    Home size: 1,138 sq ft
    Lot size: 29,627 sqft
    Year built: 1951
    Listing with: Trademark REO
  17. 3 beds, 1 full, 1 part baths
    Home size: 1,216 sq ft
    Lot size: 15,000 sqft
    Year built: 1930
    Parking spots: 4
    Listing with: Keller Williams Realty Group
  18. 4 beds, 1 full, 1 part baths
    Home size: 1,840 sq ft
    Lot size: 2,880 sqft
    Year built: 1910
    Parking spots: 1
    Listing with: Flo Smerconish Realtor
  19. 3 beds, 2 full, 1 part baths
    Home size: 1,520 sq ft
    Lot size: 2,600 sqft
    Year built: 1999
    Parking spots: 2
    Listing with: Weichert Realtors-Collegeville
  20. 3 beds, 2 full, 1 part baths
    Home size: 1,440 sq ft
    Lot size: 2,600 sqft
    Year built: 1979
    Parking spots: 2
    Listing with: Keller Williams Realty Devon-Wayne
  21. 2 beds, 2 full baths
    Home size: 1,004 sq ft
    Year built: 2013
    Parking spots: 2
    Listing with: BHHS Fox & Roach-Blue Bell
  22. 2 beds, 1 full bath
    Home size: 772 sq ft
    Lot size: 22,440 sqft
    Year built: 1950
    Parking spots: 5
    Listing with: RE/MAX 440-Perkasie
  23. 3 beds, 1 full, 1 part baths
    Home size: 1,749 sq ft
    Lot size: 2,700 sqft
    Year built: 1910
    Parking spots: 1
    Listing with: Keller Williams Real Estate-Montgomeryville
  24. 3 beds, 2 full, 1 part baths
    Home size: 1,488 sq ft
    Lot size: 3,000 sqft
    Year built: 1992
    Parking spots: 2
    Listing with: Weichert Realtors-Collegeville
  25. 3 beds, 2 full, 1 part baths
    Home size: 1,520 sq ft
    Lot size: 760 sqft
    Year built: 1987
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Blue Bell

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

 

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