BUYING A $375,000 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, concise breakdown of the financial aspects of using a VA home loan for a specific home price. This practical, data-driven approach appeals to potential homebuyers seeking concrete information, and the direct call to action encourages engagement.

Summary

This video breaks down the costs associated with buying a $375,000 home using a VA loan. It details the zero down payment, estimated monthly costs for property taxes, homeowners insurance, and principal/interest, as well as upfront closing costs and the estimated annual income needed to qualify.

Structure

1Introduce the scenario: buying a $375k home with a VA loan.
2Break down monthly costs: $0 down, $375 property tax, $100 homeowners insurance, $2,320 PIT.
3Detail upfront costs: $9,375 closing costs.
4State total upfront cost: $9,375.
5Calculate total monthly payment: $2,795.
6Estimate income needed to qualify: $75,000/year.

Original caption

Buying a $375,000 home using the VA home loan? - #realestate #vahomeloan #valoan #homeownership #homebuying

More from @scottgardnerrealestate

Product placement

VA Home Loan: a loan program for eligible veterans and service members to purchase a home. It acts as the financing mechanism for the home purchase. Removing it would change the entire premise of the video.

Call to action

Send me a DM to run your scenario

On-screen text

BUYING A $375,000 HOME USING THE VA HOME LOAN? Down Payment: $0 Property Taxes: $375 Homeowners Ins: $100 PIT: $2,320 Closing Costs: $9,375 Upfront Costs: $9,375 Mo Payment: $2,795 Income Needed: $75,000

Transcript

How much does it cost to buy a $375,000 home using the VA home loan? For this example, we're putting no money down. Property taxes would be around $375 a month. Homeowners insurance about $100 a month. Your principal and interest payment would be about $2,320 a month. Closing costs about $9,375. So to buy this home using the VA loan, it would cost about $9,375 upfront. Your monthly payment would be about $2,795 and you'd need to make around $75,000 per year to qualify. Send me a DM if you'd like me to run your scenario.