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. 4 beds, 2 full, 1 half baths
    Home size: 1,536 sq ft
    Lot size: 11,300 sqft
    Year built: 1971
    Parking spots: 3
    Listing with: Bergstresser Real Estate, Inc
  2. 3 beds, 1 full bath
    Home size: 1,176 sq ft
    Lot size: 1.93 ac
    Year built: 1950
    Parking spots: 5
    Listing with: RE/MAX 440-Pennsburg
  3. 4 beds, 1 full bath
    Home size: 1,749 sq ft
    Lot size: 2,700 sqft
    Year built: 1910
    Parking spots: 1
    Listing with: RE/MAX Central-Lansdale
  4. 3 beds, 2 full, 1 half baths
    Home size: 2,525 sq ft
    Lot size: 1,155 sqft
    Year built: 2006
    Parking spots: 3
    Listing with: Weichert Realtors-Whitemarsh
  5. 3 beds, 2 full, 1 half baths
    Home size: 1,536 sq ft
    Lot size: 2,000 sqft
    Year built: 1988
    Listing with: Keller Williams Real Estate-Blue Bell
  6. 4 beds, 2 full baths
    Home size: 1,399 sq ft
    Lot size: 18,000 sqft
    Year built: 1939
    Parking spots: 3
    Listing with: Long & Foster - Collegeville
  7. 3 beds, 2 full, 1 half baths
    Home size: 1,600 sq ft
    Lot size: 2,000 sqft
    Year built: 1992
    Listing with: Keystone Property Connections, LLC
  8. 3 beds, 2 full, 1 half baths
    Home size: 1,934 sq ft
    Year built: 2016
    Parking spots: 4
    Listing with: Ryan Homes
  9. 3 beds, 2 full, 1 half baths
    Home size: 1,380 sq ft
    Lot size: 5,068 sqft
    Year built: 1994
    Parking spots: 5
    Listing with: RE/MAX 440-Skippack
  10. 3 beds, 2 full, 1 half baths
    Home size: 1,600 sq ft
    Lot size: 2,000 sqft
    Year built: 1992
    Parking spots: 2
    Listing with: Herb Real Estate Inc
  11. 4 beds, 2 full baths
    Home size: 1,900 sq ft
    Lot size: 2,700 sqft
    Year built: 1900
    Parking spots: 2
    Listing with: BHHS Fox & Roach - Harleysville
  12. 3 beds, 2 full, 1 half baths
    Home size: 1,520 sq ft
    Lot size: 2,564 sqft
    Year built: 1999
    Parking spots: 2
    Listing with: RE/MAX Action Realty-Horsham
  13. 3 beds, 2 full, 1 half baths
    Home size: 1,680 sq ft
    Lot size: 4,875 sqft
    Year built: 2004
    Parking spots: 4
    Listing with: Barbara K Moyer Real Estate LLC
  14. 3 beds, 2 full, 1 half baths
    Home size: 1,520 sq ft
    Lot size: 760 sqft
    Year built: 1986
    Parking spots: 2
    Listing with: RE/MAX Top Performers
  15. 4 beds, 1 full, 1 half baths
    Home size: 1,715 sq ft
    Lot size: 2,222 sqft
    Year built: 1979
    Parking spots: 2
    Listing with: Better Homes of American Heritage Federal Realty
  16. 3 beds, 1 full bath
    Home size: 1,965 sq ft
    Lot size: 11,250 sqft
    Year built: 1920
    Parking spots: 3
    Listing with: Long & Foster -Herling
  17. 3 beds, 1 full bath
    Home size: 1,248 sq ft
    Lot size: 10,750 sqft
    Year built: 1938
    Parking spots: 3
    Listing with: BHHS Fox & Roach-Collegeville
  18. 3 beds, 2 full, 1 half baths
    Year built: 2016
    Parking spots: 4
    Listing with: RE/MAX Action Realty-Horsham
  19. 3 beds, 2 full, 1 half baths
    Home size: 1,803 sq ft
    Year built: 2016
    Parking spots: 4
    Listing with: RE/MAX Action Realty-Horsham
  20. 4 beds, 2 full, 1 half baths
    Home size: 1,151 sq ft
    Lot size: 13,650 sqft
    Year built: 1984
    Parking spots: 4
    Listing with: Weichert Realtors-Doylestown
  21. 3 beds, 1 full, 1 half baths
    Home size: 1,540 sq ft
    Lot size: 3,000 sqft
    Year built: 1978
    Parking spots: 1
    Listing with: RE/MAX Legacy
  22. 4 beds, 1 full, 1 half baths
    Home size: 2,072 sq ft
    Lot size: 3,150 sqft
    Year built: 1940
    Listing with: Long & Foster-Doylestown
  23. 3 beds, 1 full, 1 half baths
    Home size: 1,400 sq ft
    Lot size: 1,580 sqft
    Year built: 1975
    Listing with: BHHS Fox & Roach-Malvern
  24. 2 beds, 2 full baths
    Home size: 1,082 sq ft
    Lot size: 1,082 sqft
    Year built: 2011
    Parking spots: 2
    Listing with: Allison James Estates & Homes
  25. 3 beds, 1 full, 1 half baths
    Home size: 2,064 sq ft
    Lot size: 3,039 sqft
    Year built: 1988
    Listing with: Keller Williams Real Estate-Montgomeryville

See all Zero Down Homes $175-$250k.
(all data current as of 4/29/2016)

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

 

Comments welcome

comments

Trackbacks

Leave a Reply

Your email address will not be published. Required fields are marked *