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: 1,512 sq ft
    Lot size: 1,100 sqft
    Year built: 1999
    Parking spots: 3
    Listing with: RE/MAX Achievers-Collegeville
  2. 3 beds, 1 full bath
    Home size: 1,700 sq ft
    Year built: 2016
    Parking spots: 2
    Listing with: Ryan Homes
  3. 2 beds, 1 full bath
    Home size: 1,790 sq ft
    Lot size: 1,790 sqft
    Year built: 2007
    Parking spots: 2
    Listing with: RE/MAX 440-Skippack
  4. 3 beds, 2 full, 1 half baths
    Home size: 1,585 sq ft
    Lot size: 6,522 sqft
    Year built: 2002
    Parking spots: 3
    Listing with: RE/MAX Central-Lansdale
  5. 2 beds, 1 full, 1 half baths
    Home size: 1,280 sq ft
    Lot size: 2,916 sqft
    Year built: 1992
    Parking spots: 2
    Listing with: Sanford Alderfer Real Estate
  6. 3 beds, 1 full bath
    Home size: 1,422 sq ft
    Lot size: 36,000 sqft
    Year built: 1920
    Parking spots: 7
    Listing with: RE/MAX Reliance
  7. 3 beds, 1 full, 1 half baths
    Home size: 1,916 sq ft
    Lot size: 19,602 sqft
    Year built: 1986
    Parking spots: 3
    Listing with: Real Estate Excel-The Baringer Group, LTD
  8. 3 beds, 1 full bath
    Home size: 1,028 sq ft
    Lot size: 30,800 sqft
    Year built: 1948
    Parking spots: 4
    Listing with: Century 21 Longacre Realty
  9. 3 beds, 2 full, 1 half baths
    Home size: 1,400 sq ft
    Lot size: 5,776 sqft
    Year built: 1994
    Parking spots: 1
    Listing with: Keller Williams Real Estate-Montgomeryville
  10. 3 beds, 1 full, 1 half baths
    Home size: 1,612 sq ft
    Lot size: 8,409 sqft
    Year built: 1850
    Parking spots: 3
    Listing with: RE/MAX 440-Perkasie
  11. 3 beds, 2 full baths
    Home size: 1,092 sq ft
    Lot size: 15,000 sqft
    Year built: 1981
    Parking spots: 4
    Listing with: Richard A Zuber Realty-Pottstown
  12. 4 beds, 2 full baths
    Home size: 1,776 sq ft
    Year built: 1979
    Parking spots: 3
    Listing with: RE/MAX 440-Perkasie
  13. 3 beds, 1 full, 1 half baths
    Home size: 1,400 sq ft
    Lot size: 1,580 sqft
    Year built: 1975
    Listing with: Entourage Elite Real Estate
  14. 3 beds, 1 full, 1 half baths
    Home size: 1,742 sq ft
    Lot size: 3,570 sqft
    Year built: 1975
    Parking spots: 3
    Listing with: RE/MAX 440-Perkasie
  15. 4 beds, 1 full, 1 half baths
    Home size: 1,251 sq ft
    Lot size: 10,500 sqft
    Year built: 1930
    Parking spots: 4
    Listing with: BHHS Fox & Roach-Blue Bell
  16. 3 beds, 2 full, 1 half baths
    Home size: 2,223 sq ft
    Lot size: 4,204 sqft
    Year built: 2001
    Parking spots: 2
    Listing with: Keller Williams Real Estate-Montgomeryville
  17. 3 beds, 2 full baths
    Home size: 1,983 sq ft
    Lot size: 20,000 sqft
    Year built: 1850
    Parking spots: 4
    Listing with: RE/MAX Achievers, Inc -Pottstown
  18. 2 beds, 1 full, 1 half baths
    Home size: 1,224 sq ft
    Lot size: 2,800 sqft
    Year built: 1987
    Parking spots: 3
    Listing with: Long & Foster - Collegeville
  19. 3 beds, 1 full bath
    Home size: 1,730 sq ft
    Lot size: 3,600 sqft
    Year built: 1910
    Parking spots: 1
    Listing with: RE/MAX Reliance
  20. 2 beds, 2 full baths
    Home size: 1,104 sq ft
    Lot size: 1,104 sqft
    Year built: 1993
    Parking spots: 1
    Listing with: BHHS Fox & Roach-Collegeville
  21. 4 beds, 1 full, 1 half baths
    Home size: 1,998 sq ft
    Lot size: 11,100 sqft
    Year built: 1975
    Parking spots: 3
    Listing with: Allison James Estates & Homes
  22. 3 beds, 2 full, 1 half baths
    Home size: 1,334 sq ft
    Lot size: 5,616 sqft
    Year built: 1994
    Parking spots: 1
    Listing with: RE/MAX Reliance
  23. 4 beds, 1 full, 1 half baths
    Home size: 1,794 sq ft
    Lot size: 20,000 sqft
    Year built: 1950
    Parking spots: 4
    Listing with: BHHS Fox & Roach-Collegeville
  24. 2 beds, 1 full, 1 half baths
    Home size: 1,544 sq ft
    Lot size: 3,000 sqft
    Year built: 1987
    Listing with: Allison James Estates & Homes
  25. 3 beds, 2 full, 1 half baths
    Home size: 1,653 sq ft
    Lot size: 3,000 sqft
    Year built: 1989
    Parking spots: 2
    Listing with: Springer Realty Group - Limerick

See all Zero Down Homes $175-$250k.
(all data current as of 8/27/2016)

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

 

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