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. 2 beds, 2 full, 1 half baths
    Home size: 1,344 sq ft
    Lot size: 1,344 sqft
    Year built: 1997
    Parking spots: 1
    Listing with: RE/MAX Of Reading
  2. 3 beds, 2 full, 1 half baths
    Home size: 1,600 sq ft
    Lot size: 5,386 sqft
    Year built: 1980
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Blue Bell
  3. 3 beds, 2 full baths
    Home size: 1,800 sq ft
    Lot size: 3.48 ac
    Year built: 1963
    Parking spots: 4
    Listing with: RE/MAX 440-Perkasie
  4. 3 beds, 1 full bath
    Home size: 1,140 sq ft
    Lot size: 1,968 sqft
    Year built: 1921
    Listing with: Keller Williams Real Estate-Montgomeryville
  5. 3 beds, 1 full, 1 half baths
    Home size: 1,526 sq ft
    Lot size: 5,025 sqft
    Year built: 1900
    Parking spots: 2
    Listing with: BHHS Fox & Roach - Harleysville
  6. 3 beds, 1 full, 1 half baths
    Home size: 1,951 sq ft
    Lot size: 2,000 sqft
    Year built: 1977
    Listing with: Coldwell Banker Hearthside Realtors-Collegeville
  7. 3 beds, 2 full, 1 half baths
    Home size: 1,750 sq ft
    Lot size: 3,100 sqft
    Year built: 1972
    Listing with: RE/MAX 440-Perkasie
  8. 2 beds, 1 full, 1 half baths
    Home size: 1,464 sq ft
    Lot size: 3,115 sqft
    Year built: 1994
    Parking spots: 3
    Listing with: Long & Foster-Blue Bell
  9. 4 beds, 1 full, 1 half baths
    Home size: 2,169 sq ft
    Lot size: 7,000 sqft
    Year built: 1870
    Parking spots: 4
    Listing with: RE/MAX Reliance
  10. 3 beds, 2 full, 1 half baths
    Home size: 1,892 sq ft
    Lot size: 8,100 sqft
    Year built: 2004
    Listing with: EXP Realty LLC
  11. 3 beds, 2 full, 1 half baths
    Home size: 2,128 sq ft
    Lot size: 2,240 sqft
    Year built: 2004
    Parking spots: 1
    Listing with: Keller Williams Real Estate-Montgomeryville
  12. 3 beds, 1 full bath
    Home size: 1,040 sq ft
    Lot size: 35,000 sqft
    Year built: 1971
    Parking spots: 5
    Listing with: Long & Foster - Collegeville
  13. 3 beds, 2 full baths
    Home size: 1,429 sq ft
    Year built: 2016
    Parking spots: 4
    Listing with: Ryan Homes
  14. 3 beds, 2 full, 1 half baths
    Home size: 1,536 sq ft
    Lot size: 3,005 sqft
    Year built: 1994
    Parking spots: 3
    Listing with: Long & Foster - Collegeville
  15. 3 beds, 1 full bath
    Home size: 1,700 sq ft
    Year built: 2016
    Parking spots: 2
    Listing with: Ryan Homes
  16. 3 beds, 2 full, 1 half baths
    Home size: 1,940 sq ft
    Year built: 2016
    Parking spots: 2
    Listing with: Ryan Homes
  17. 3 beds, 2 full baths
    Home size: 1,592 sq ft
    Lot size: 1,849 sqft
    Year built: 1993
    Parking spots: 2
    Listing with: BHHS Fox & Roach-Devon
  18. 3 beds, 2 full, 1 half baths
    Home size: 1,680 sq ft
    Lot size: 2,000 sqft
    Year built: 1989
    Listing with: Springer Realty Group - Exton
  19. 3 beds, 1 full, 1 half baths
    Lot size: 6,400 sqft
    Year built: 1911
    Parking spots: 4
    Listing with: Keller Williams Real Estate-Princeton
  20. 3 beds, 2 full, 1 half baths
    Home size: 1,979 sq ft
    Lot size: 1,155 sqft
    Year built: 2005
    Parking spots: 3
    Listing with: Brode & Brooks Inc
  21. 3 beds, 1 full, 1 half baths
    Home size: 1,400 sq ft
    Lot size: 1,480 sqft
    Year built: 1977
    Listing with: EXP Realty LLC
  22. 4 beds, 1 full bath
    Home size: 1,800 sq ft
    Lot size: 5,312 sqft
    Year built: 1900
    Parking spots: 3
    Listing with: RE/MAX 440-Quakertown
  23. 3 beds, 2 full, 1 half baths
    Home size: 1,828 sq ft
    Lot size: 3,300 sqft
    Year built: 1997
    Parking spots: 2
    Listing with: Springer Realty Group - Limerick
  24. 3 beds, 1 full, 1 half baths
    Home size: 1,140 sq ft
    Lot size: 1,968 sqft
    Year built: 1920
    Listing with: Keller Williams Real Estate-Montgomeryville
  25. 4 beds, 2 full baths
    Home size: 1,892 sq ft
    Lot size: 4,750 sqft
    Year built: 1910
    Parking spots: 4
    Listing with: BHHS Keystone Properties

See all Zero Down Homes $175-$250k.
(all data current as of 12/6/2016)

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

 

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