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 bath
    Home size: 1,310 sq ft
    Lot size: 3,975 sqft
    Year built: 1920
    Parking spots: 3
    Listing with: RE/MAX Realty Group-Lansdale
  2. 3 beds, 2 full, 1 half baths
    Home size: 1,353 sq ft
    Lot size: 7,000 sqft
    Year built: 1981
    Parking spots: 1
    Listing with: RE/MAX Achievers-Collegeville
  3. 2 beds, 1 full bath
    Home size: 1,329 sq ft
    Lot size: 20,000 sqft
    Year built: 1920
    Parking spots: 3
    Listing with: RE/MAX 440-Skippack
  4. 3 beds, 2 full baths
    Home size: 1,538 sq ft
    Lot size: 13,575 sqft
    Year built: 1910
    Parking spots: 5
    Listing with: Redfin Corporation
  5. 3 beds, 2 full, 1 half baths
    Home size: 1,536 sq ft
    Lot size: 2,000 sqft
    Year built: 1988
    Parking spots: 2
    Listing with: RE/MAX Ready
  6. 3 beds, 1 full, 1 half baths
    Home size: 1,540 sq ft
    Lot size: 7,024 sqft
    Year built: 1994
    Parking spots: 3
    Listing with: Weichert Realtors-Collegeville
  7. 3 beds, 2 full, 1 half baths
    Home size: 1,358 sq ft
    Lot size: 7,657 sqft
    Year built: 1996
    Parking spots: 2
    Listing with: RE/MAX Reliance
  8. 2 beds, 2 full baths
    Home size: 1,004 sq ft
    Lot size: 1,004 sqft
    Year built: 2009
    Parking spots: 4
    Listing with: Advantage Real Estate Services
  9. 3 beds, 1 full, 1 half baths
    Home size: 1,400 sq ft
    Lot size: 680 sqft
    Year built: 1974
    Listing with: BHHS Fox & Roach-Collegeville
  10. 3 beds, 2 full, 1 half baths
    Home size: 1,899 sq ft
    Lot size: 2.25 ac
    Year built: 1960
    Parking spots: 6
    Listing with: REOcomplete Real Estate, Inc
  11. 3 beds, 2 full, 1 half baths
    Home size: 1,797 sq ft
    Lot size: 5,041 sqft
    Year built: 1989
    Listing with: RE/MAX 440-Skippack
  12. 3 beds, 2 full baths
    Home size: 1,850 sq ft
    Lot size: 1,014 sqft
    Year built: 1985
    Parking spots: 5
    Listing with: RE/MAX Realty Group-Lansdale
  13. 5 beds, 1 full, 1 half baths
    Home size: 2,316 sq ft
    Lot size: 9,000 sqft
    Year built: 1920
    Parking spots: 3
    Listing with: RE/MAX Ready
  14. 3 beds, 1 full, 1 half baths
    Home size: 1,560 sq ft
    Lot size: 1,489 sqft
    Year built: 1973
    Listing with: Long & Foster-Doylestown
  15. 2 beds, 2 full baths
    Home size: 1,004 sq ft
    Lot size: 1,004 sqft
    Year built: 2012
    Parking spots: 1
    Listing with: RE/MAX Central-Lansdale
  16. 5 beds, 2 full baths
    Home size: 1,802 sq ft
    Lot size: 4,903 sqft
    Year built: 1896
    Listing with: Freestyle Real Estate LLC
  17. 4 beds, 2 full baths
    Home size: 2,000 sq ft
    Lot size: 7,000 sqft
    Year built: 1905
    Parking spots: 5
    Listing with: BHHS Fox & Roach-Macungie
  18. 3 beds, 2 full, 1 half baths
    Home size: 1,606 sq ft
    Lot size: 2,350 sqft
    Year built: 1990
    Parking spots: 3
    Listing with: Bergstresser Real Estate, Inc
  19. 3 beds, 2 full, 1 half baths
    Home size: 1,692 sq ft
    Lot size: 4,912 sqft
    Year built: 2001
    Listing with: Choice 1 Realty
  20. 3 beds, 1 full, 1 half baths
    Home size: 1,460 sq ft
    Lot size: 3,920 sqft
    Year built: 1983
    Parking spots: 3
    Listing with: Weichert Realtors-Blue Bell
  21. 3 beds, 2 full, 1 half baths
    Home size: 1,800 sq ft
    Lot size: 1,092 sqft
    Year built: 2006
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Doylestown
  22. 3 beds, 2 full, 1 half baths
    Home size: 1,636 sq ft
    Lot size: 2,000 sqft
    Year built: 1999
    Listing with: Century 21 Gold
  23. 2 beds, 2 full, 1 half baths
    Home size: 1,268 sq ft
    Lot size: 1,268 sqft
    Year built: 1999
    Listing with: Coldwell Banker Preferred-Conshohocken
  24. 2 beds, 1 full bath
    Home size: 848 sq ft
    Lot size: 8,000 sqft
    Year built: 1953
    Parking spots: 2
    Listing with: Coldwell Banker Hearthside Realtors-Collegeville
  25. 3 beds, 1 full, 1 half baths
    Home size: 1,588 sq ft
    Lot size: 2,614 sqft
    Year built: 1987
    Listing with: Keller Williams Real Estate-Doylestown

See all Zero Down Homes $175-$250k.
(all data current as of 9/24/2016)

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

 

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