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Waterford Greene Royersford Golf Course Homes   The Hamlet Royersford Golf Course Homes 
Updated 2/4/12

Waterford Greene is a residential community that sits just off the Limerick exit of Route 422 in Montgomery County, PA.  This community features close to 400 homes consisting of condos, traditional townhomes and single family properties all while sitting directly across the street from both the Limerick Golf Club and Turtle Creek Golf Course. With so many homes in this great neighborhood there is generally a large number of real estate transaction each year and 2011 was no exception.  Below you can see a list of all the activity for the year and check back often as new properties are coming on the market.

Address Status Days on Market Current Price Original Price Bedrooms/Baths Style Basement Notes
5102 Drawbridge Active 100 $174,900 $177,500 3/1.5 Condo None  
5802 Drawbridge Active 313 $175,000 $189,000 3/1.5 Condo None  
5808 Drawbridge Active 137 $176,500 $180,000 3/1.5 Condo None  
5508 Drawbridge Active 357 $179,700 $205,000 3/2.5 Condo None  
5201 Drawbridge Active 284 $179,900 $197,900 2/2.5 Condo None  
5401 Drawbridge Active 177 $189,000 $199,000 2/1.5 Condo None  
4605 Waterford Active 24 $228,900 $228,900 3/2.5 Townhouse Finished  
2901 Gateway Active 125 $239,900 $244,900 3/2.5 End Unit TH Finished  
1101 Dutchess Active 260 $259,500 $259,500 3/2.5 End Unit TH Finished  
98 King Active 32 $289,500 $289,500 4/2.5 Single Finished  
                 
2507 Noble Active w/ Contract 93 $185,000 $195,000 3/2.5 Townhouse Finished Short Sale
                 
2406 Carriage Sale Pending 41 $194,900 $210,500 3/2.5 Townhouse Finished  
                 
Sold Last 12 Mos     Sold Price Original Price       Seller's Assist
5904 Drawbridge Sold 405 $161,900 $184,500 2/2.5 Condo None $0
5108 Drawbridge Sold 28 $167,700 $169,900 2/1.5 Condo None $0
1804 Prince Sold 45 $200,000 $216,900 3/2.5 Townhouse Unfinished $7,000
2003 Royal Sold 140 $200,000 $210,000 3/2.5 Townhouse Unfinished $8,000
4102 Waterford Sold 91 $208,000 $214,900 3/2.5 Townhouse Unfinished $0
4702 Waterford Sold 277 $209,000 $234,000 3/2.5 Townhouse Finished $2,000
4606 Waterford Sold 209 $220,000 $234,900 3/2.5 Townhouse Finished $8,600
1007 Duchess Sold 143 $227,850 $239,850 3/2.5 Townhouse Finished $0
2302 Carriage Sold 335 $229,000 $249,950 3/2.5 Townhouse Finished $0
1708 Prince Sold 34 $230,000 $250,000 3/2.5 End Unit TH Finished $0
2208 Carriage Sold 76 $240,000 $269,500 3/2.5 End Unit TH Finished $0
9 Queen Sold 184 $299,000 $334,900 4/2.5 Single Unfinished $11,000
86 King Sold 29 $300,000 $324,900 4/2.5 Single Finished $0
5 Rose Ct Sold 50 $308,000 $319,900 4/2.5 Single Unfinished $5,000
5 Queen Sold 166 $310,000 $337,500 4/2 full 2 half Single Finished $1,000
37 Castle Sold 161 $320,000 $360,000 4/2.5 Single Finished $0
9 King Sold 56 $325,000 $335,000 4/2.5 Single Finished $0

 Limerick Golf Club

While these Royersford Golf Course Homes don't sit directly on the golf course there are plenty of other homes that do.  You can see some of the single family Royersford Golf Course Homes here or check out some of the other Royersford Golf Course Townhomes.  If you are looking for a private country club in the area you can see the Collegeville Golf Course Homes here.  If a newer home is more to your liking and don't necessarily need the private club feel you can view the Limerick Golf Course Homes, Skippack Golf Course Homes and Gilbertsville Golf Course Homes here.

As an avid golfer myself I would love to help you find the perfect golf course home for you.  You can always search all the homes for sale on my website.  If you have any questions at all feel free to contact me at any time.

Andrew Himes Group

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Royersford Golf Course Homes

Updated 2/7/12

Golf Ridge is a residential community of single family homes just off Ridge Pike in Limerick Township Montgomery County, PA.  With numerous different styles of homes this 150+ home community has numerous homes with golf course views and many sit on the back 9 holes of the Limerick Golf Club.  With 150+ homes there is generally a good amount of real estate transactions each year and 2011 was no exception. Below you can see all the activity in this community below.  You can see all the available Royersford Golf Course Homes in this community right here.

Address Status Days on Market Current Price Original Price Bedrooms/Baths Sq Ft Basement Notes  
41 Gleneagles Rd Sale Pending 46 $254,500 $259,500 3/3.5 1,984 Finished    
                   
Sold Last 12 mos     Sold Price Original Price       Seller Assist Notes
61 Longcross Sold 393 $234,000 $294,000 4/3.0 2,082 Unfinished $0  
64 Longcross Sold 615 $235,000 $299,999 3/3.0 1,946 Unfinished Walkout $435 Estate Sale
68 Longcross Sold 255 $239,000 $279,900 3/2.5 1,692 Unfinished $0  
73 Saint Andrews Sold 26 $241,500 $250,000 2/2.0 1,588 Crawlspace $0  
29 Longcross Sold 172 $245,000 $289,000 3/2.5 2,011 Unfinished $0  
21 Sand Trap Sold 188 $247,000 $289,900 3/2.5 1,824 Unfinished $0  
46 Saint Andrews Sold 14 $257,500 $269,900 3/3.0 1,895 Unfinished $1,400  
92 Longcross Sold 8 $262,900 $262,900 2/2.0 1,644 Finished $1,000  
66 Saint Andrews Sold 153 $265,000 $279,000 3/3.0 1,896 Unfinished $0  
22 Paddington Sold 124 $280,000 $297,500 3/3.0 2,237 Unfinished Walkout $0  

 

Limerick Golf Club

Two neighboring townhomes communities also have excellent golf course views.  You can see these Royersford Golf Course Homes and Limerick Golf Course Homes here.  These townhome communities are smaller communities so at times there aren't any homes available.  If a home with a golf course view isn't a top priority but you want to be close by you can see all these Royersford Golf Course Homes in the community directly across the street.  This community offers condos, traditional townhomes and single family homes.  If you are looking for a more private club feel you can check out these Collegeville Golf Course Homes.  If a new home community is closer to what you are looking for yet you want the accessibility of a public course take a look at these Skippack Golf Course Homes, Limerick Golf Course Homes and Gilbertsville Golf Course Homes.

As an avid golfer myself I would love the ability to help you find the perfect home, whether it is located right on a golf course or not.  You can always check out every single home for sale on my website.  I look forward to being able to help you find that perfect home.

Andrew Himes Group

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Royersford Golf Course Homes

Updated 2/7/12

The Links @ Springford is a residential townhome community located just off the Limerick exit of Route 422 in Montgomery County, PA. This intimate community of just over 100 homes has numerous homes with fantastic golf course views.  The front 9 holes of the Limerick Golf course are nestled behind some of the homes in this community.  With just over 100 homes there isn't always a lot of real estate activity in the neighborhood and 2011 was no exception .  Below you will find a list of the sales in this community for 2011.  Be sure to check back often as you can always view these Royersford Golf Course Homes right here.

Address Status Days on Market Current Price Original Price Bedrooms/Baths End Unit Basement Notes
103 Walker Active 1 $224,900 $224,900 3/2.5 No Unfinished  
                 
Sold Last 12 Mos     Sold Price Original Price       Seller Assist
106 Walker Sold 112 $210,000 $225,000 3/2.5 No Unfinished $0
84 Walker Sold 311 $219,900 $242,500 3/2.5 Yes Unfinished $10,000
57 Walker Sold 55 $220,000 $245,900 3/2.5 No Finished $0
118 Walker Sold 24 $231,000 $244,900 3/2.5 No Finished $0
126 Jordan Sold 64 $238,000 $249,900 3/2.5 Yes Finished $1,900
132 Jordan Sold 121 $245,000 $259,900 3/2.5 No Finished $0

 

Limerick Golf Club

You can search other Royersford Golf Course Homes single family homes or more Royersford Golf Course Homes in a neighboring townhome community.  If a home with a golf course view isn't a top priority but you want to be close by you can see all these Royersford Golf Course Homes in the community directly across the street.  This community offers condos, traditional townhomes and single family homes.  If you are looking for a more private club feel you can check out these Collegeville Golf Course Homes.  If a new home community is closer to what you are looking for yet you want the accessibility of a public course take a look at these Skippack Golf Course Homes, Limerick Golf Course Homes and Gilbertsville Golf Course Homes.

As an avid golfer myself I would love the ability to help you find the perfect home, whether it is located right on a golf course or not.  You can always check out every single home for sale on my website.  I look forward to being able to help you find that perfect home.

Andrew Himes Group

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Royersford Golf Course Homes

Updated 1/3/12

The Fairways is a townhome community located just off the Limerick exit of Rt 422 in Montgomery County, PA.  This intimate community of around 80 homes has numerous homes that have fantastic golf course views.  The front 9 holes of the Limerick Golf course are nestled behind some of the homes on Troon and Winged Foot Ct.  With only 80 homes there isn't always a lot of real estate activity in the neighborhood and 2011 was no exception to that rule.  Below you will find a list of the sales in this community for 2011.  Be sure to check back often as you can always view these Royersford Golf Course Homes right here. 

Address Status Days on Market Current Price Original Price Bedrooms/Baths End Unit Basement Notes  
133 Winged Foot Active 387 $220,900 $235,900 3/2.5 No Finished    
                   
Sold Last 12 Mos     Sold Price Original Price       Seller Assist Notes
218 Troon Sold 47 $188,000 $190,000 3/2.5 No Unfinished $5,700  
144 Winged Foot Sold 56 $217,000 $227,500 3/2.5 No Finished $8,000  

 

Limerick Golf Club

There are a few other communities that also offer great views of Limerick Golf Club.  Check out some of the other single family Royersford Golf Course Homes or additional Royersford Golf Course Townhomes.  If you are looking for more of the "private" golf club feel check out some of the Collegeville Golf Course Homes for Sale.  If you don't necessarily need a home with a golf course view, check out the homes right across the street from the golf course.  This community offers condos, traditional townhomes and single family homes.  Check out these Royersford Golf Course Homes here.  If a new home community is closer to what you are looking for yet you want the accessibility of a public course take a look at these Skippack Golf Course Homes, Limerick Golf Course Homes and Gilbertsville Golf Course Homes.

As an avid golfer myself, I would love the opportunity to help you find a home close to one of the great area courses.  Feel free to contact me at anytime to discuss what you are looking for or search every home for sale right here.

Andrew Himes Group

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Rivercrest Golf Course    

 

While Rivercrest Golf Club & Preserve has a Phoenixville mailing address, it is still located in Upper Providence Township and is just seconds from the Collegeville exit of Route 422.  The Golf Course at Rivercrest is a challenging course for all levels of player.  There are 6 sets of tees playing 6768 from the tips and the front tees playing at 4496.  With 9 waterfalls, 5 ponds and 2 creeks there are no 2 holes are alike.  There are numerous types of memeberships available for avid golfers to recreational golfers and even social memberships.  Along with these great memberships there is the fully equipped fitness center, locker rooms and resort style pool located at the 49,000 sq foot Clubhouse.  Check out the Rivercrest Golf Club website for more information.

Rivercrest Golf Course

There are many different styles of homes located in the Rivercrest Golf Course Community.  There are Carriage Homes, Single Family homes in the "Fairways" section, larger single family homes in the "Estates" section and even larger homes in the "Masters" section.  All 4 sections of the neighborhood are gated with resident and vistor access.  Below you will find an update of all the real estate activity for 2011, check back often as this is updated monthly.

Rivercrest Masters

Updated 2/7/12

Address Status Days on Market Current Price Original Price Bedrooms/Baths Basement Section
15 Eagle Active 38 $405,000 $405,000 3/2.5 Unfinished Carriage House
315 N Quail Active 212 $424,900 $479,900 3/2.5 Unfinished Fairways
47 Eagle Active 2 $434,900 $434,900 3/2.5 Unfinished Carriage House
110 Osprey Active 843 $438,900 $439,900 3/2.5 Unfinished W/O Carriage House
304 N Quail Active 228 $465,000 $499,900 3/2 full 2 half Finished W/O Fairways
327 Quail S Active 101 $500,000 $535,000 4/3 full 2 half Finished W/O Fairways
210 Rivercrest Active 177 $574,900 $574,900 4/3.5 Finished W/O Estates
71 Goldfinch Active 274 $699,900 $699,900 4/4.5 Unfinished Masters
116 Oriole Active 201 $699,900 $724,900 4/3.5 Unfinished W/O Masters
15 Goldfinch Active 167 $799,900 $850,000 5/4.5 Unfinished Masters
               
103 Osprey Sale Pending 294 $349,900 $425,000 3/2.5 Unfinished W/O Carriage House
22 Eagle Sale Pending 128 $389,900 $455,775 3/3.5 Finished W/O Carriage House
312 N Quail Sale Pending 87 $439,900 $442,500 3/3.5 Finished W/O Fairways
82 Mallard Sale Pending 24 $440,000 $440,000 3/3.5 Finished W/O Carriage House
12 Quail S Sale Pending 59 $474,000 $485,000 4/3.5 Finished Fairways
21 Goldfinch Sale Pending 415 $799,500 $799,500 4/3.5 Finished W/O Masters
               
Sold last 12 months     Sold Price Original Price     Section
86 Mallard Sold 105 $350,000 $399,900 3/2.5 Unfinished Carriage House
6 Starlin Sold 439 $357,500 $499,900 3/2.5 Unfinished W/O Carriage House
29 Eagle Sold 9 $363,000 $389,900 3/2.5 Unfinished W/O Carriage House
74 Mallard Sold 34 $425,000 $440,000 3/2.5 Unfinished End Unit Carriage
8 Sparrow Sold 336 $450,000 $497,999 4/3.5 Finished W/O Fairways
10 Quail S Sold 201 $452,500 $489,900 4/3.5 Unfinished W/O Fairways
223 Rivercrest Sold 33 $455,000 $474,900 4/2.5 Unfinished Estates
51 Quail S Sold 78 $464,000 $500,000 4/2.5 Unfinished W/O Fairways
219 Rivercrest Sold 63 $485,000 $524,900 4/3.5 Finished Estates
26 Quail S Sold 90 $505,000 $539,900 4/4.5 Finished W/O Fairways
68 Quail S Sold 142 $515,000 $599,000 4/3.5 Finished W/O Fairways
65 Quail S Sold 308 $542,000 $584,900 4/4.5 Finished W/O Fairways
5 Barn Owl Sold 205 $550,000 $649,900 5/4.5 Unfinished Estates
234 Rivercrest Sold 29 $592,500 $659,000 4/3 Full 2 Half Finished W/O E
10 Barn Owl Sold 13 $605,000 $620,000 4/3.5 Unfinished W/O Estates
280 Rivercrest Sold 13 $622,000 $649,000 4/4.5 Finished W/O Estates
285 Rivercrest Sold 57 $640,000 $695,000 4/4.5 Finished W/O Estates
75 Goldfinch Sold 42 $680,000 $739,500 4/3.5 Unfinished W/O Masters
36 Goldfinch Sold 214 $682,500 $739,000 4/4.5 Unfinished W/O Masters
41 Goldfinch Sold 72 $690,000 $795,000 5/4.5 Unfinished W/O Masters
77 Goldfinch Sold 78 $733,000 $769,900 4/4.5 Unfinished W/O Masters
33 Goldfinch Sold 69 $735,000 $845,000 4/3.5 Unfinished W/O Masters
115 Oriole Sold 516 $760,000 $949,900 5/5.5 Unfinished W/O Masters

 Feel free to search all Collegeville Real Estate and all the surrounding homes for sale on our website. 

Andrew Himes Group

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Providence View Collegeville Townhomes

Updated 2/7/12

Providence View is a townhome community located just off the Oaks exit of Rt. 422.  With easy access to major employers like GlaxoSmithKline, Pfizer, Quest Diagnositcs, Iron Mountain and SEI this development sits an a highly desirable area.  Along with these major employers you'll be just minutes from the Providence Town Center, Philadelphia Expo Center, Philadelphia Premium Outlets in Limerck and upscale shopping and dining in King Of Prussia.

Providence View has a few different styles of townhomes.  There is a condo style with no garage, condo style with a garage and also a traditional townhouse style with garage.  A majority of the townhomes with the garage are located in the "Summit at Providence View" with many of these properties offering great views of Valley Forge and out towards Philadelphia.  This is truly a maintenance free living ommunity as the association fee covers: snow and trash removal, Common Area and Lawn Maintenance, Exterior Building Maintenance and the pool and fitness center.  Take a look, you'll see why Providence View is one the most sought after townhome communities in Collegeville

Below you'll find a list of all the real estate activity for Providence View for the year. If you have any questions or would like to see one of these fine properties just let us know.

Address Status Days on Market Current Price Original Price Bedrooms/Baths End Unit Basement  
723 Thornhill Active 88 $249,900 $249,900 3/2.5 Yes Finished  
30 Victoria Active 90 $249,900 $249,900 2/2.5 Yes Finished  
351 Bluestone Active 94 $254,000 $259,000 3/2.5 Yes Unfinished  
483 Stoneglen Active 56 $259,900 $259,900 3/2.5 Yes Finished  
                 
Sold Last 12 Mos     Sold Price Original Price       Seller's Assist
473 Stoneglen Sold 22 $190,000 $210,000 2/2.5 Yes None $0
629 Hamilton Sold 278 $219,000 $239,000 3/2.5 Yes Unfinished $5,000
28 Victoria Sold 94 $220,000 $249,900 2/2.5 No Finished Walkout $0
18 Victoria Sold 102 $224,000 $229,900 3/2.5 No N/A $5,000
21 Victoria Sold 209 $225,000 $259,000 3/2.5 Yes N/A $0
703 Thornhill Sold 305 $230,000 $259,900 3/2.5 Yes Finished $0
505 Andover Sold 175 $232,000 $244,000 3/2.5 Yes Finished $7,000
602 Hamilton Sold 57 $239,900 $239,900 3/2.5 Yes Finished $2,500
35 Sheffield Sold 262 $243,500 $282,500 3/2.5 Yes Finished Walkout $0
6 Victoria Sold 82 $260,000 $262,000 3/2.5 Yes Finished $10,000
411 Nottingham Sold 367 $262,500 $289,000 3/2.5 Yes Unfinished Walkout $0
505 Quincy Sold 11 $270,000 $274,800 3/2.5 Yes Finished Walkout $0
516 Quincy Sold 9 $275,000 $274,900 3/2.5 Yes Finished Walkout $5,000

Don't see what you are looking for, check out all the Collegeville Homes for Sale.  If you aren't sure which area you want to be in, search all the homes for sale in the area.

Andrew Himes Group

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Hunt Club Collegeville Townhomes

Updated 2/7/12

Hunt Club is a residential townhome community located just off Route 422 at the Oaks exit.  This development has over 160 homes built in the late 1990's and early 2000's.  This community sits in an optimum location, just minutes to the new Philadelphia Expo Center in Oaks, a quick drive to the huge Providence Town Center and easy access to King of Prussia and Philadelphia.  All this plus you can bike/walk to the Lower Perkiomen Valley Park to access the Perkiomen Trail and Schuylkill River trail that leads to downtown Philadelphia.

Below you can see all the real estate activity for the year.  If you have any questions about this great community feel free to let us know.

Address Status Days on Market Current Price Original Price Bedrooms/Baths End Unit Basement Notes  
55 Hunt Club Sale Pending 91 $265,000 $275,000 3/2.5 No Finished    
18 Norsham Sale Pending 177 $273,900 $279,900 3/2.5 No Finished    
                   
Sold Last 12 mos     Sold Price Original Price       Seller's Assist Notes
134 Hunt Club Sold 162 $245,000 $285,000 3/2.5 Yes Unfinished $0  
128 Hunt Club Sold 141 $255,000 $279,900 3/2.5 No Finished $0  
110 Hunt Club Sold 86 $265,000 $280,000 3/2.5 No Finished $9,000  
27 Hunt Club Sold 165 $265,000 $275,000 3.25 No Finished $5,000  
32 Hunt Club Sold 207 $269,000 $299,900 3/2.5 Yes Finished $0  
18 Hunt Club Sold 87 $270,000 $285,000 3/2.5 No Finished $5,000  
26 Penmore Sold 236 $272,500 $292,500 3/2.5 No Finished $0  
143 Hunt Club Sold 191 $278,000 $290,000 3/2.5 Yes Finished $7,500 Finished Loft
10 Norsham Sold 116 $290,000 $314,900 3/2.5 Yes Finished $0 Finished Loft

Don't see what you are looking for here?  You can search all the Collegeville Homes for Sale right here. Want to search for home in the surrounding areas?  Check out all the area Homes for Sale Find something else that is more like what you are looking for, give us a call. 

 

 

 

Andrew Himes Group

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Rittenhouse Square Collegeville Townhomes

Updated 2/7/12 

The Rittenhouse Square townhome community is a townhouse development located in Trappe Borough (Collegeville, PA).  With over 250 townhomes this community was built in 3 different phases.  The 1st phase (Rittenhouse Square) was built in the late 80's and early 90's and the 2nd phase (Hamilton Ct) was built in the late 1990's.

 Below you will find information on all the homes that are currently available for sale, pending sale and those that have sold in the past year.  Take a look and if you have any questions please do not hesitate to ask.

Address Status Days on Market Current Price Original Price Bedrooms/Baths End Unit Basement Notes  
213 Washington Active 450 $199,900 $219,900 3/2.5 No Unfinished    
614 Hamilton Active 197 $259,900 $279,900 4/2.5 Yes Finished    
                   
152 Lafayette Active w/ Contract 41 $189,900 $189,900 3/3.5 No Finished Short Sale  
                   
222 Washington Sale Pending 176 $215,000 $223,900 3/2.5 No Finished    
                   
Sold Last 12 Mos     Sold Price Original Price       Seller's Assist Notes
212 Washington Sold 128 $170,000 $219,900 3/2.5 No Unfinished $6,000 Foreclosure
624 Hamilton Sold 141 $175,000 $219,000 3/2.5 No Unfinished $0  
626 Hamilton Sold 103 $190,000 $209,900 3/2.5 No Unfinished $6,250  
528 Hancock Sold 260 $199,900 $219,900 3/2.5 No Unfinished $6,000  
354 Jefferson Sold 150 $200,000 $219,900 3/2.5 Yes Finished $0  
250 Washington Sold 258 $205,000 $234,900 3/3.5 Yes Finished $0  
605 Hamilton Sold 198 $205,000 $244,000 3/2.5 No Finished $5,000  
648 Hamilton Sold 96 $219,000 $234,000 3/2.5 No Finished $0  
630 Hamilton Sold 180 $219,500 $250,000 3/2.5 Yes Unfinished $5,327  
372 Jefferson Sold 25 $219,900 $219,900 3/2.5 Yes Finished $5,300  
154 Lafayette Sold 133 $220,000 $224,900 3/2.5 No Finished $5,000  
465 Franklin Sold 54 $220,000 $233,000 3/2.5 Yes Finished $3,000  

   

Can't find what you looking for here?  Search all Collegeville Townhomes For Sale and find just what you're looking for. Want to expand your search outside of Collegeville?  Search all Homes for Sale and find your new home.

Andrew Himes Group

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Looking for a townhome for sale in Collegeville?  Check out every townhouse for sale in Collegeville or see specific featured Collegeville townhomes by clicking on their respective photo or address.  There are many great aspects to living in Collegeville, with great access to major roads, 3 seperate school districts that service the zip code (Methacton, Springford and Perkiomen Valley) and the new Providence Town Center that recently open at the intersection of Routes 422 and 29. 

Collegeville Townhomes

3 Bedroom End Unit with Finished Basement
111 Juniper Ct

Collegeville Townhomes

3 Bedroom with 1 Car Garage & Fenced Rear Yard
223 Lilac Cir

3 Bedroom w/ 1 Car Garage & Finished Walkout Basement
511 Quincy St

Victoria Cir Collegeville Townhome for Sale

2 Bedroom w/ 1 Car Garage & Finished Basement
30 Victoria Cir

 

Want to set up a personal showing for any of these properties?  Let us know we would be happy to show you any property even if it is one you don't see here.  Check out all the Collegeville Townhomes for Sale or visit our website to view homes for sale in the area.

 

We look forward to hearing from you.

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Andrew Himes Group

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"Do I need 20% down to buy a house"?  I get this question all the time from potential home buyers and the answer is absolutely, maybe.  Maybe, because it all depends on what you are looking for in a monthly mortgage payment. So you absolutely do not have to have 20% to buy a house, but you will have to pay mortgage insurance every month (in most cases) if you do not have 20% down to start out. So before you start to look at Collegeville Homes For Sale, take a look st some of the loan products below. 

There are so many different types of loan products available that I couldn't possibly mention them all but below I will outline what can be done if you do not have 20% down to buy a home.

Mortgage

*FHA Mortgage- This is a very popular mortgage right now, especially with 1st time home buyers, but is not limited to those purchasing their 1st home.  This is a very popular mortgage as it only requires a 3.5% down payment and currently allows for up to 6% in seller concessions (also known as a Seller Assist or Seller Paid Closing Costs).  The rates on the FHA mortgage are practically the same as traditional conventional mortgages so there is a real benefit to this type of mortgage as it allows buyers to put down the 3.5% and essentially finance all of their closing costs as part of the mortgage.  This mortgage does have monthly mortgage insurance that becomes part of your mortgage payment.  So this is the "penalty" that you pay for not having 20% down.

*USDA Loan-  This loan allows for 100% financing, however, there are income qualifications that you must meet in order to qualify, currently around $92,000 combined household income (including any working children).  The home must also be in a qualified area.  This is based on population density and the home must be in a area that falls under the maximum population for the loan product.  You can again finance all of your closing costs by getting a seller assist as part of the sales price.  The rate on this loan is also competitive with most of the types of loans.  There is also monthly mortgage insurance that is part of the mortgage but it is significantly lower than FHA and lower than that of conventional loan products. Wondering if the area that you are looking at qualifies?  Visit the USDA website

*Conventional Loan w/ Lender Paid Mortgage Insurance- This is a conventional loan with less than 20% down payment.  This loan has a minimally higher interest rate, but you don't have to pay monthly mortgage insurance.  Even though the rate is slightly higher the fact that you don't have to pay mortgage insurance gives you a lower monthly payment than if you were to take the lower interest rate of a conventional loan product and paying the monthly mortgage insurance premium.

*80/10/10 Loan- This is a loan that only a few lenders are still offering.  This is where a buyer gets a 1st mortgage for 80% and 2nd mortgage from the same lender for 10% and then puts down 10% of their own money.  This will allow you not to pay a monthly mortgage insurance premium as part of the payment, therefore saving money each month.  The 10% loan is generally an interest only loan, so until you pay extra principal each month you aren't knocking down the balance on that loan.

*Conventional Loan- These types of loans range anywhere from 5% down all the way up to 99% down.  If you choose a conventional loan product and put down 5%-19% you will pay a monthly mortgage insurance premium.  The mortgae insurnace monthly is less than that of FHA, but still adds to your monthly mortgage payment.  The amount of the monthly mortgage insurance is based off the loan amount, so the more you borrow the higher the mortgage insurance.

 

There are numerous other types of financing out there and to determine what loan product best suits your needs you should contact your local lender.  You can always talk to my preferred mortgage lender to see what would work best for you.  And when you are looking for a Collegeville Home For Sale feel free to give us a call.  We can help you answer the question, "Do I need 20% down to buy a house".

Andrew Himes Group

Andrew Himes Group

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Andrew Himes

Collegeville, PA

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Prudential Fox & Roach Realtors

Address: 201 Second Ave, Suite 102, Collegeville, PA, 19426

Office Phone: (610) 831-5300 x 8131

Cell Phone: (267) 231-8255

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