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. 5 beds, 1 full, 1 half baths
    Home size: 1,850 sq ft
    Lot size: 2,700 sqft
    Year built: 1910
    Parking spots: 2
    Listing with: RE/MAX 440-Skippack
  2. 3 beds, 2 full, 1 half baths
    Home size: 1,838 sq ft
    Lot size: 1,838 sqft
    Year built: 2009
    Parking spots: 2
    Listing with: BHHS Fox & Roach-Collegeville
  3. 3 beds, 1 full, 1 half baths
    Home size: 1,248 sq ft
    Lot size: 1.08 ac
    Year built: 1980
    Parking spots: 3
    Listing with: Coldwell Banker Preferred-Conshohocken
  4. 5 beds, 2 full, 2 half baths
    Home size: 2,500 sq ft
    Lot size: 3,980 sqft
    Year built: 1901
    Parking spots: 3
    Listing with: RE/MAX Ready
  5. 3 beds, 1 full bath
    Home size: 1,172 sq ft
    Lot size: 28,800 sqft
    Year built: 1954
    Parking spots: 5
    Listing with: Platinum First Realty - Harleysville LLC
  6. 3 beds, 2 full baths
    Home size: 1,641 sq ft
    Lot size: 12,342 sqft
    Year built: 1907
    Parking spots: 1
    Listing with: Century 21 Cornerstone Realtors
  7. 3 beds, 2 full, 1 half baths
    Home size: 1,334 sq ft
    Lot size: 5,250 sqft
    Year built: 1995
    Parking spots: 4
    Listing with: J B Realty Service Llc
  8. 3 beds, 1 full, 1 half baths
    Home size: 1,479 sq ft
    Lot size: 2,540 sqft
    Year built: 1990
    Parking spots: 2
    Listing with: Coldwell Banker Preferred-Blue Bell
  9. 3 beds, 2 full, 1 half baths
    Home size: 2,248 sq ft
    Lot size: 2,400 sqft
    Year built: 2004
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Doylestown
  10. 3 beds, 2 full, 1 half baths
    Home size: 1,586 sq ft
    Lot size: 3,768 sqft
    Year built: 1992
    Parking spots: 2
    Listing with: Coldwell Banker Hearthside Realtors-Collegeville
  11. 3 beds, 1 full, 1 half baths
    Home size: 1,440 sq ft
    Lot size: 5,433 sqft
    Year built: 1924
    Parking spots: 6
    Listing with: Choice 1 Realty
  12. 4 beds, 1 full, 1 half baths
    Home size: 1,672 sq ft
    Lot size: 2,970 sqft
    Year built: 1940
    Listing with: Long & Foster-Doylestown
  13. 5 beds, 2 full baths
    Home size: 1,914 sq ft
    Lot size: 6,600 sqft
    Year built: 1920
    Parking spots: 1
    Listing with: Thomas J McCabe Realty, LLC
  14. 3 beds, 1 full, 1 half baths
    Home size: 2,191 sq ft
    Lot size: 32,670 sqft
    Year built: 1953
    Listing with: Coldwell Banker Heritage-Quakertown
  15. 3 beds, 2 full, 1 half baths
    Home size: 1,744 sq ft
    Lot size: 8,712 sqft
    Year built: 1920
    Parking spots: 4
    Listing with: J B Realty Service Llc
  16. 5 beds, 2 full baths
    Home size: 1,744 sq ft
    Lot size: 7,405 sqft
    Year built: 1920
    Parking spots: 3
    Listing with: J B Realty Service Llc
  17. 3 beds, 2 full, 1 half baths
    Home size: 1,668 sq ft
    Lot size: 1,190 sqft
    Year built: 1983
    Parking spots: 4
    Listing with: Keller Williams Realty Group
  18. 3 beds, 2 full, 1 half baths
    Home size: 1,798 sq ft
    Lot size: 5,250 sqft
    Year built: 2004
    Parking spots: 3
    Listing with: BHHS Fox & Roach - Harleysville
  19. 2 beds, 2 full, 1 half baths
    Home size: 1,464 sq ft
    Lot size: 3,413 sqft
    Year built: 1994
    Parking spots: 3
    Listing with: Keller Williams Realty Group
  20. 2 beds, 1 full, 1 half baths
    Home size: 1,600 sq ft
    Lot size: 4.11 ac
    Year built: 1940
    Parking spots: 3
    Listing with: Keller Williams Real Estate-Montgomeryville
  21. 3 beds, 1 full, 1 half baths
    Home size: 1,778 sq ft
    Lot size: 6,000 sqft
    Year built: 1984
    Parking spots: 3
    Listing with: RE/MAX 440-Perkasie
  22. 4 beds, 4 full baths
    Home size: 2,698 sq ft
    Lot size: 6,188 sqft
    Year built: 1900
    Parking spots: 4
    Listing with: Keller Williams Realty Group
  23. 3 beds, 2 full, 1 half baths
    Home size: 1,799 sq ft
    Lot size: 3,178 sqft
    Year built: 2010
    Parking spots: 3
    Listing with: Weichert Realtors-Blue Bell
  24. 4 beds, 1 full, 1 half baths
    Lot size: 9,360 sqft
    Year built: 1920
    Parking spots: 3
    Listing with: RE/MAX Centre Realtors
  25. 3 beds, 2 full, 1 half baths
    Home size: 1,904 sq ft
    Lot size: 6,965 sqft
    Year built: 1984
    Parking spots: 2
    Listing with: Coldwell Banker Realty Corporation-Lansdale

See all Zero Down Homes $175-$250k.
(all data current as of 2/9/2016)

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

 

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