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, 2 half baths
    Home size: 1,628 sq ft
    Lot size: 6,075 sqft
    Year built: 1981
    Parking spots: 1
    Listing with: RE/MAX Centre Realtors
  2. 3 beds, 1 full, 1 half baths
    Home size: 1,647 sq ft
    Lot size: 7,500 sqft
    Year built: 1880
    Parking spots: 5
    Listing with: Long & Foster-Blue Bell
  3. 3 beds, 1 full, 1 half baths
    Home size: 1,400 sq ft
    Lot size: 680 sqft
    Year built: 1973
    Listing with: Coldwell Banker Hearthside Realtors-Collegeville
  4. 3 beds, 2 full, 1 half baths
    Home size: 1,800 sq ft
    Lot size: 1,092 sqft
    Year built: 2006
    Parking spots: 3
    Listing with: Class-Harlan Real Estate
  5. 3 beds, 2 full baths
    Home size: 1,300 sq ft
    Lot size: 10,722 sqft
    Year built: 1926
    Parking spots: 1
    Listing with: Simple Choice Realty, INC
  6. 3 beds, 1 full bath
    Home size: 1,200 sq ft
    Lot size: 36,000 sqft
    Year built: 1964
    Parking spots: 4
    Listing with: RE/MAX Realty Group-Lansdale
  7. 3 beds, 2 full baths
    Home size: 1,390 sq ft
    Lot size: 8,334 sqft
    Year built: 1953
    Parking spots: 4
    Listing with: Sanford Alderfer Real Estate
  8. 2 beds, 2 full baths
    Home size: 1,261 sq ft
    Lot size: 5,000 sqft
    Year built: 1985
    Parking spots: 4
    Listing with: RE/MAX Action Realty-Horsham
  9. 4 beds, 1 full, 1 half baths
    Home size: 1,515 sq ft
    Lot size: 4,050 sqft
    Year built: 1880
    Parking spots: 4
    Listing with: Keller Williams Realty Group
  10. 3 beds, 2 full baths
    Home size: 800 sq ft
    Lot size: 7,200 sqft
    Year built: 1931
    Parking spots: 4
    Listing with: Homestarr Realty
  11. 4 beds, 2 full, 1 half baths
    Home size: 1,704 sq ft
    Lot size: 6,000 sqft
    Year built: 1891
    Parking spots: 2
    Listing with: Independence Real Estate Sales, LLC
  12. 3 beds, 2 full, 1 half baths
    Home size: 2,252 sq ft
    Lot size: 2,100 sqft
    Year built: 2011
    Parking spots: 4
    Listing with: Richard A Zuber Realty-Pottstown
  13. 3 beds, 2 full baths
    Home size: 1,352 sq ft
    Lot size: 9,000 sqft
    Year built: 2017
    Parking spots: 3
    Listing with: Realty Mark Nexus
  14. 3 beds, 1 full, 1 half baths
    Home size: 1,440 sq ft
    Lot size: 5,585 sqft
    Year built: 1984
    Listing with: EXP Realty LLC
  15. 3 beds, 1 full, 1 half baths
    Home size: 1,716 sq ft
    Lot size: 9,500 sqft
    Year built: 1931
    Parking spots: 4
    Listing with: Keller Williams Realty Group
  16. 3 beds, 1 full, 1 half baths
    Home size: 1,696 sq ft
    Lot size: 5,720 sqft
    Year built: 1982
    Listing with: EXP Realty LLC
  17. 2 beds, 2 full baths
    Year built: 1999
    Listing with: RE/MAX 440-Perkasie
  18. 3 beds, 1 full, 1 half baths
    Home size: 1,299 sq ft
    Lot size: 1,299 sqft
    Year built: 1882
    Parking spots: 2
    Listing with: BHHS Fox & Roach-Spring House
  19. 3 beds, 1 full, 1 half baths
    Home size: 2,040 sq ft
    Lot size: 6,761 sqft
    Year built: 1973
    Parking spots: 2
    Listing with: United Real Estate
  20. 3 beds, 2 full, 1 half baths
    Home size: 1,710 sq ft
    Lot size: 2,800 sqft
    Year built: 1999
    Listing with: Realty One Group Legacy
  21. 3 beds, 2 full, 1 half baths
    Home size: 1,320 sq ft
    Lot size: 4,063 sqft
    Year built: 1992
    Parking spots: 4
    Listing with: Keller Williams Realty Group
  22. 3 beds, 2 full, 1 half baths
    Home size: 1,537 sq ft
    Lot size: 3,551 sqft
    Year built: 2004
    Parking spots: 2
    Listing with: Keller Williams Main Line Realty
  23. 3 beds, 1 full bath
    Home size: 1,416 sq ft
    Lot size: 8,262 sqft
    Year built: 1923
    Parking spots: 4
    Listing with: Keller Williams Real Estate-Montgomeryville
  24. 3 beds, 2 full, 1 half baths
    Home size: 1,800 sq ft
    Lot size: 1,092 sqft
    Year built: 2007
    Parking spots: 1
    Listing with: RE/MAX 440-Pennsburg
  25. 3 beds, 1 full, 1 half baths
    Home size: 1,440 sq ft
    Lot size: 3,048 sqft
    Year built: 2003
    Parking spots: 3
    Listing with: Coldwell Banker Heritage-Quakertown

See all Zero Down Homes $175-$250k.
(all data current as of 1/17/2017)

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 *