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, 2 full, 1 half baths
    Home size: 1,840 sq ft
    Lot size: 5,944 sqft
    Year built: 1995
    Parking spots: 3
    Listing with: RE/MAX 440-Quakertown
  2. 3 beds, 2 full, 1 half baths
    Home size: 1,814 sq ft
    Lot size: 1,814 sqft
    Year built: 2006
    Parking spots: 3
    Listing with: Platinum First Realty
  3. 3 beds, 2 full, 1 half baths
    Home size: 2,520 sq ft
    Lot size: 2,400 sqft
    Year built: 2004
    Parking spots: 3
    Listing with: Coldwell Banker Hearthside-Hellertown
  4. 3 beds, 2 full, 1 half baths
    Home size: 2,321 sq ft
    Lot size: 2,688 sqft
    Year built: 1993
    Parking spots: 3
    Listing with: RE/MAX Achievers-Collegeville
  5. 3 beds, 2 full, 1 half baths
    Home size: 1,479 sq ft
    Lot size: 5,227 sqft
    Year built: 1991
    Listing with: Coldwell Banker Preferred-Blue Bell
  6. 3 beds, 1 full, 1 half baths
    Home size: 1,617 sq ft
    Lot size: 1.48 ac
    Year built: 1900
    Parking spots: 3
    Listing with: BHHS Regency Real Estate
  7. 2 beds, 1 full bath
    Home size: 1,058 sq ft
    Lot size: 17,000 sqft
    Year built: 1952
    Parking spots: 4
    Listing with: Addicted to Real Estate
  8. 3 beds, 1 full, 1 half baths
    Home size: 1,322 sq ft
    Lot size: 2,614 sqft
    Year built: 1910
    Listing with: Coldwell Banker Preferred-Blue Bell
  9. 3 beds, 1 full, 1 half baths
    Home size: 1,296 sq ft
    Lot size: 5,320 sqft
    Year built: 1992
    Parking spots: 4
    Listing with: Century 21 Keim Realtors
  10. 3 beds, 1 full, 1 half baths
    Home size: 1,400 sq ft
    Lot size: 2,178 sqft
    Year built: 1981
    Parking spots: 2
    Listing with: BHHS Fox & Roach - Harleysville
  11. 3 beds, 1 full, 1 half baths
    Home size: 1,796 sq ft
    Lot size: 5,400 sqft
    Year built: 1920
    Parking spots: 2
    Listing with: Narrow Gate Real Estate LLC
  12. 3 beds, 1 full, 1 half baths
    Home size: 1,956 sq ft
    Lot size: 3,960 sqft
    Year built: 2001
    Parking spots: 2
    Listing with: Century 21 Gold
  13. 3 beds, 2 full, 1 half baths
    Home size: 1,558 sq ft
    Lot size: 5,041 sqft
    Year built: 1990
    Parking spots: 2
    Listing with: BHHS Fox & Roach-Blue Bell
  14. 2 beds, 1 full, 1 half baths
    Home size: 1,116 sq ft
    Lot size: 2,340 sqft
    Year built: 1980
    Parking spots: 2
    Listing with: Edward G Browning Real Estate, LLC
  15. 3 beds, 1 full, 1 half baths
    Home size: 1,622 sq ft
    Lot size: 21,716 sqft
    Year built: 1902
    Parking spots: 4
    Listing with: Coldwell Banker Heritage-Quakertown
  16. 4 beds, 1 full, 1 half baths
    Home size: 2,220 sq ft
    Lot size: 11,000 sqft
    Year built: 1887
    Parking spots: 3
    Listing with: RE/MAX 440-Perkasie
  17. 3 beds, 1 full, 1 half baths
    Home size: 1,576 sq ft
    Lot size: 2,430 sqft
    Year built: 1977
    Parking spots: 3
    Listing with: RE/MAX Reliance
  18. 4 beds, 1 full, 1 half baths
    Home size: 1,904 sq ft
    Lot size: 4,549 sqft
    Year built: 1979
    Listing with: Keller Williams Real Estate-Bethlehem
  19. 3 beds, 1 full, 1 half baths
    Home size: 1,448 sq ft
    Lot size: 5,623 sqft
    Year built: 2001
    Parking spots: 2
    Listing with: RE/MAX 440-Pennsburg
  20. 3 beds, 1 full bath
    Home size: 1,265 sq ft
    Lot size: 9,300 sqft
    Year built: 1955
    Parking spots: 4
    Listing with: BHHS Fox & Roach-Center City Walnut
  21. 3 beds, 1 full bath
    Home size: 1,428 sq ft
    Lot size: 8,400 sqft
    Year built: 1930
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Allentown
  22. 3 beds, 1 full, 1 half baths
    Home size: 1,324 sq ft
    Lot size: 3,384 sqft
    Year built: 1910
    Parking spots: 1
    Listing with: Edward G Browning Real Estate, LLC
  23. 3 beds, 2 full, 1 half baths
    Home size: 1,849 sq ft
    Lot size: 3,228 sqft
    Year built: 1998
    Parking spots: 1
    Listing with: Keller Williams Realty Group
  24. 3 beds, 2 full, 1 half baths
    Home size: 1,864 sq ft
    Lot size: 3,168 sqft
    Year built: 1998
    Parking spots: 1
    Listing with: Coldwell Banker Realty Corporation-Lansdale
  25. 3 beds, 2 full, 1 half baths
    Home size: 1,488 sq ft
    Lot size: 2,564 sqft
    Year built: 1993
    Parking spots: 2
    Listing with: KW Greater West Chester

See all Zero Down Homes $175-$250k.
(all data current as of 5/27/2016)

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

 

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