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 9/17/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,744 sq ft
    Lot size: 1,999 sqft
    Year built: 1993
    Parking spots: 2
    Listing with: RE/MAX Achievers-Collegeville
  2. 3 beds, 1 full, 1 part baths
    Home size: 1,904 sq ft
    Lot size: 11,655 sqft
    Year built: 1979
    Parking spots: 2
    Listing with: Premier Real Estate, Inc.
  3. 2 beds, 1 full bath
    Home size: 1,418 sq ft
    Lot size: 2.00 ac
    Year built: 1952
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Doylestown
  4. 3 beds, 2 full, 1 part baths
    Home size: 1,960 sq ft
    Lot size: 8,322 sqft
    Year built: 2002
    Parking spots: 3
    Listing with: RE/MAX Reliance
  5. 2 beds, 1 full bath
    Home size: 1,439 sq ft
    Lot size: 25,536 sqft
    Year built: 1920
    Parking spots: 5
    Listing with: Long and Foster-Quakertown
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,510 sq ft
    Lot size: 30,000 sqft
    Year built: 1949
    Parking spots: 5
    Listing with: Keller Williams Real Estate-Blue Bell
  7. 3 beds, 1 full, 1 part baths
    Home size: 1,526 sq ft
    Lot size: 2,571 sqft
    Year built: 1996
    Parking spots: 3
    Listing with: RE/MAX Reliance
  8. 3 beds, 1 full, 1 part baths
    Home size: 1,098 sq ft
    Lot size: 24,000 sqft
    Year built: 1962
    Parking spots: 5
    Listing with: Keller Williams Realty Group
  9. 3 beds, 2 full baths
    Home size: 1,728 sq ft
    Lot size: 9,000 sqft
    Year built: 1948
    Parking spots: 4
    Listing with: RE/MAX Reliance
  10. 3 beds, 1 full bath
    Home size: 1,607 sq ft
    Lot size: 5,000 sqft
    Year built: 1930
    Parking spots: 3
    Listing with: RE/MAX 440-Perkasie
  11. 2 beds, 2 full, 1 part baths
    Home size: 1,344 sq ft
    Lot size: 4,899 sqft
    Year built: 1990
    Listing with: RE/MAX Ready
  12. 4 beds, 2 full baths
    Home size: 1,494 sq ft
    Lot size: 1,385 sqft
    Year built: 1980
    Parking spots: 5
    Listing with: RE/MAX Reliance
  13. 3 beds, 2 full, 1 part baths
    Home size: 1,386 sq ft
    Lot size: 1,386 sqft
    Year built: 1996
    Parking spots: 2
    Listing with: EveryHome Realty
  14. 3 beds, 2 full, 1 part baths
    Home size: 1,520 sq ft
    Year built: 1988
    Listing with: BHHS Fox & Roach-Blue Bell
  15. 3 beds, 2 full, 1 part baths
    Home size: 2,084 sq ft
    Lot size: 1,176 sqft
    Year built: 2012
    Parking spots: 3
    Listing with: RE/MAX Achievers-Collegeville
  16. 3 beds, 2 full, 1 part baths
    Home size: 1,536 sq ft
    Lot size: 4,858 sqft
    Year built: 1992
    Listing with: Century 21 Alliance-Audubon
  17. 3 beds, 1 full, 1 part baths
    Home size: 1,794 sq ft
    Lot size: 1,656 sqft
    Year built: 1973
    Parking spots: 2
    Listing with: Keller Williams Real Estate -Exton
  18. 3 beds, 2 full baths
    Home size: 1,512 sq ft
    Lot size: 1.45 ac
    Year built: 1994
    Parking spots: 4
    Listing with: Coldwell Banker Heritage-Quakertown
  19. 3 beds, 1 full bath
    Home size: 2,140 sq ft
    Lot size: 3.00 ac
    Year built: 1800
    Listing with: Freestyle Real Estate LLC
  20. 2 beds, 2 full baths
    Home size: 1,004 sq ft
    Lot size: 1,004 sqft
    Year built: 2008
    Parking spots: 2
    Listing with: The Davidson Group
  21. 2 beds, 2 full baths
    Home size: 1,082 sq ft
    Lot size: 1,082 sqft
    Year built: 2008
    Parking spots: 4
    Listing with: The Davidson Group
  22. 4 beds, 1 full bath
    Home size: 1,452 sq ft
    Lot size: 25,200 sqft
    Year built: 1949
    Parking spots: 5
    Listing with: RE/MAX 440-Doylestown
  23. 3 beds, 1 full bath
    Home size: 1,662 sq ft
    Lot size: 1.84 ac
    Year built: 1950
    Parking spots: 2
    Listing with: ERA Rudy Amelio Real Estate
  24. 3 beds, 2 full baths
    Home size: 1,260 sq ft
    Lot size: 12,600 sqft
    Year built: 1948
    Parking spots: 2
    Listing with: Bergstresser Real Estate, Inc
  25. 3 beds, 1 full, 1 part baths
    Home size: 1,616 sq ft
    Lot size: 8,960 sqft
    Year built: 1984
    Parking spots: 3
    Listing with: RE/MAX 440-Perkasie

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

 

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