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….

  1. 3 beds, 1 full, 1 part baths
    Home size: 1,612 sq ft
    Lot size: 4,810 sqft
    Year built: 1989
    Parking spots: 2
    Listing with: Long and Foster-Doylestown
  2. 3 beds, 2 full baths
    Home size: 2,064 sq ft
    Lot size: 1.13 ac
    Year built: 1955
    Listing with: REOcomplete Real Estate, Inc
  3. 3 beds, 1 full bath
    Home size: 1,558 sq ft
    Lot size: 22,216 sqft
    Year built: 1925
    Listing with: Ross Real Estate
  4. 3 beds, 2 full, 1 part baths
    Home size: 1,568 sq ft
    Lot size: 1,580 sqft
    Year built: 1997
    Listing with: Keller Williams Realty Group
  5. 2 beds, 2 full baths
    Home size: 1,261 sq ft
    Lot size: 5,500 sqft
    Year built: 1985
    Parking spots: 3
    Listing with: BHHS Fox & Roach-Blue Bell
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,586 sq ft
    Year built: 1985
    Parking spots: 2
    Listing with: BHHS Fox & Roach-Media
  7. 3 beds, 2 full, 1 part baths
    Home size: 2,128 sq ft
    Lot size: 2,186 sqft
    Year built: 2004
    Parking spots: 4
    Listing with: RE/MAX Reliance
  8. 3 beds, 2 full, 1 part baths
    Home size: 1,320 sq ft
    Lot size: 2,178 sqft
    Year built: 1987
    Parking spots: 2
    Listing with: BHHS Fox & Roach-Doylestown
  9. 3 beds, 2 full baths
    Home size: 1,344 sq ft
    Lot size: 1,014 sqft
    Year built: 1984
    Parking spots: 4
    Listing with: Signature Properties Group, LLC
  10. 4 beds, 1 full bath
    Home size: 1,880 sq ft
    Lot size: 2,934 sqft
    Year built: 1900
    Parking spots: 2
    Listing with: Homestarr Realty
  11. 3 beds, 2 full, 1 part baths
    Home size: 2,332 sq ft
    Lot size: 1,080 sqft
    Year built: 2006
    Parking spots: 3
    Listing with: Coldwell Banker Realty Corporation-Lansdale
  12. 3 beds, 1 full, 1 part baths
    Home size: 1,600 sq ft
    Lot size: 3,275 sqft
    Year built: 1917
    Listing with: RE/MAX Advisors
  13. 3 beds, 2 full baths
    Home size: 1,372 sq ft
    Lot size: 5,885 sqft
    Year built: 1986
    Parking spots: 4
    Listing with: RE/MAX 440-Doylestown
  14. 2 beds, 2 full baths
    Home size: 1,082 sq ft
    Lot size: 1,082 sqft
    Year built: 2013
    Parking spots: 1
    Listing with: Crescent Real Estate
  15. 2 beds, 2 full baths
    Home size: 1,004 sq ft
    Lot size: 1,004 sqft
    Year built: 2008
    Listing with: BHHS Keystone Properties
  16. 4 beds, 2 full baths
    Home size: 1,704 sq ft
    Lot size: 1.75 ac
    Year built: 1950
    Parking spots: 1
    Listing with: Keller Williams Realty Group
  17. 3 beds, 1 full, 1 part baths
    Home size: 1,296 sq ft
    Lot size: 5,256 sqft
    Year built: 2000
    Listing with: Brode & Brooks Inc
  18. 3 beds, 1 full, 1 part baths
    Home size: 1,280 sq ft
    Lot size: 26,300 sqft
    Year built: 1963
    Parking spots: 1
    Listing with: Freestyle Real Estate LLC
  19. 3 beds, 1 full, 1 part baths
    Home size: 1,612 sq ft
    Lot size: 2,614 sqft
    Year built: 1989
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Doylestown
  20. 2 beds, 1 full, 1 part baths
    Home size: 2,220 sq ft
    Lot size: 1,746 sqft
    Year built: 1985
    Parking spots: 2
    Listing with: The Davidson Group
  21. 3 beds, 2 full, 1 part baths
    Home size: 1,809 sq ft
    Lot size: 4,000 sqft
    Year built: 1992
    Parking spots: 3
    Listing with: RE/MAX Services
  22. 3 beds, 1 full, 1 part baths
    Home size: 1,800 sq ft
    Lot size: 4,285 sqft
    Year built: 1903
    Parking spots: 1
    Listing with: BHHS Fox & Roach-Collegeville
  23. 3 beds, 2 full, 1 part baths
    Home size: 1,757 sq ft
    Lot size: 1,080 sqft
    Year built: 2009
    Parking spots: 1
    Listing with: Coldwell Banker Preferred-Blue Bell
  24. 3 beds, 1 full bath
    Home size: 1,150 sq ft
    Lot size: 13,500 sqft
    Year built: 1953
    Parking spots: 4
    Listing with: RE/MAX Reliance
  25. 3 beds, 1 full, 1 part baths
    Home size: 1,242 sq ft
    Lot size: 16,200 sqft
    Year built: 1958
    Parking spots: 4
    Listing with: BHHS Fox & Roach-Exton

See all Zero Down Homes $175-$250k.
(all data current as of 5/22/2015)

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

 

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