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 11/23/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,744 sq ft
    Lot size: 1,800 sqft
    Year built: 1995
    Parking spots: 2
    Listing with: Coldwell Banker Preferred-Blue Bell
  2. 5 beds, 3 full baths
    Home size: 2,871 sq ft
    Lot size: 15,600 sqft
    Year built: 1901
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Montgomeryville
  3. 3 beds, 2 full baths
    Home size: 1,750 sq ft
    Lot size: 26,500 sqft
    Year built: 1900
    Parking spots: 2
    Listing with: Newton L Beck Realtor
  4. 4 beds, 2 full baths
    Home size: 1,456 sq ft
    Lot size: 11,208 sqft
    Year built: 1949
    Parking spots: 2
    Listing with: Springer Realty Group - Limerick
  5. 3 beds, 2 full baths
    Home size: 1,490 sq ft
    Lot size: 2.66 ac
    Year built: 1968
    Parking spots: 5
    Listing with: Herb Real Estate Inc-Gilbertsville
  6. 2 beds, 2 full, 1 part baths
    Home size: 1,708 sq ft
    Lot size: 3,221 sqft
    Year built: 1998
    Parking spots: 4
    Listing with: Weichert Realtors-Collegeville
  7. 4 beds, 1 full, 1 part baths
    Home size: 1,532 sq ft
    Lot size: 4,620 sqft
    Year built: 1920
    Parking spots: 4
    Listing with: Coldwell Banker Preferred-Blue Bell
  8. 3 beds, 1 full, 1 part baths
    Home size: 1,568 sq ft
    Lot size: 1,568 sqft
    Year built: 1997
    Listing with: Providence Realty Services, Inc
  9. 3 beds, 1 full, 1 part baths
    Home size: 1,640 sq ft
    Lot size: 5,986 sqft
    Year built: 1980
    Parking spots: 3
    Listing with: RE/MAX 440-Pennsburg
  10. 3 beds, 1 full, 1 part baths
    Home size: 1,247 sq ft
    Lot size: 11,250 sqft
    Year built: 1941
    Listing with: Michael E Orlic Real Estate*
  11. 3 beds, 1 full bath
    Home size: 1,040 sq ft
    Lot size: 35,000 sqft
    Year built: 1971
    Parking spots: 5
    Listing with: Bonaventure Realty
  12. 3 beds, 2 full baths
    Home size: 1,475 sq ft
    Lot size: 20,594 sqft
    Year built: 1961
    Parking spots: 1
    Listing with: Springer Realty Group - Limerick
  13. 3 beds, 1 full, 1 part baths
    Home size: 1,701 sq ft
    Lot size: 26,290 sqft
    Year built: 1948
    Parking spots: 3
    Listing with: BHHS Fox & Roach - Harleysville
  14. 3 beds, 1 full, 1 part baths
    Home size: 1,534 sq ft
    Lot size: 22,400 sqft
    Year built: 1955
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Doylestown
  15. 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: United Real Estate
  16. 3 beds, 1 full, 1 part baths
    Home size: 1,280 sq ft
    Lot size: 11,484 sqft
    Year built: 1930
    Parking spots: 1
    Listing with: RE/MAX Action Realty-Horsham
  17. 3 beds, 2 full, 1 part baths
    Home size: 1,536 sq ft
    Lot size: 2,000 sqft
    Year built: 1989
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Montgomeryville
  18. 4 beds, 1 full, 1 part baths
    Home size: 1,410 sq ft
    Lot size: 40,255 sqft
    Year built: 1800
    Parking spots: 7
    Listing with: Bonaventure Realty
  19. 2 beds, 2 full, 1 part baths
    Home size: 1,528 sq ft
    Year built: 2014
    Parking spots: 5
    Listing with: Ryan Homes
  20. 3 beds, 1 full, 1 part baths
    Home size: 1,320 sq ft
    Lot size: 4,500 sqft
    Year built: 1981
    Parking spots: 4
    Listing with: RE/MAX 440-Pennsburg
  21. 3 beds, 1 full bath
    Home size: 1,100 sq ft
    Lot size: 29,500 sqft
    Year built: 1957
    Parking spots: 4
    Listing with: Long and Foster-Doylestown
  22. 2 beds, 1 full bath
    Home size: 1,487 sq ft
    Lot size: 1.10 ac
    Year built: 1940
    Parking spots: 3
    Listing with: Coldwell Banker Preferred-Exton
  23. 3 beds, 2 full, 1 part baths
    Home size: 1,583 sq ft
    Lot size: 4,064 sqft
    Year built: 1993
    Parking spots: 2
    Listing with: Dager & Dager Realtors
  24. 3 beds, 1 full, 1 part baths
    Home size: 1,364 sq ft
    Lot size: 7,992 sqft
    Year built: 1914
    Parking spots: 2
    Listing with: USRealty.com LLP
  25. 3 beds, 2 full, 1 part baths
    Home size: 1,714 sq ft
    Lot size: 3,196 sqft
    Year built: 1999
    Parking spots: 3
    Listing with: Robert G Gavin-Upper Black Eddy

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

 

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