BUYING A $1,450,000 HOME USING THE VA HOME LOAN?

@scottgardnerrealestate

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VA Home Loanhttps://calendly.com/scottgardnerrealestate/30min ↗

Why it worked

The video provides a clear and concise breakdown of the financial implications of using a VA loan for a high-value home, addressing a specific pain point for potential buyers. The use of on-screen text to display the numbers makes the information easily digestible and shareable.

Summary

This video breaks down the costs associated with buying a $1,450,000 home using the VA loan. It details the zero down payment, estimated monthly property taxes, homeowners insurance, principal and interest, closing costs, and the required annual income for qualification.

Structure

1Introduction of the scenario: $1.45M home with VA loan
2Breakdown of upfront costs (down payment, closing costs)
3Breakdown of monthly costs (property taxes, insurance, P&I)
4Calculation of total upfront costs
5Calculation of total monthly payment
6Determination of required annual income

Original caption

Buying a $1,450,000 home using the VA home loan… - #realestate #vahomeloan #valoan #homeownership #homebuying

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Product placement

VA Home Loan (ACTS - it is the financing method discussed and used to calculate costs; removing it changes the entire premise of the video)

Call to action

Send me like me scenario Send me DM if you'd like me to run your scenario

On-screen text

BUYING A $1,450,000 HOME USING THE VA HOME LOAN? Down Payment: $0 Property Taxes: $1,450 Homeowners Ins: $200 PIT: $8,980 Closing Costs: $36,250 Upfront Costs: $36,250 Mo Payment: $10,630 Income Needed: $283,000

Transcript

How much does it cost to buy a $1,450,000 dollar home using the VA loan? For this example, we're putting $0 money down. Property taxes would be about $1,450 dollars a month. Homeowner's insurance about $200 a month. Your principal and interest payment would be about $8,980 and closing costs about $36,250. So to buy this home using the VA loan, it would cost about $36,250 upfront. Your monthly payment would be about $10,630 and you would need to make around $283,000 year to qualify. Send me like me scenario. Send me DM if you'd like me to run your scenario.