BUYING A $330,000 HOME USING THE VA HOME LOAN?

@scottgardnerrealestate

6.5K followers · usually 5.4K views a post

Views

37.9K

Likes

2.3K

Comments

18

Shares

245

SoundTikTok sound · Natural Emotions

Promoted product

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

Why it worked

The video provides a clear, concise breakdown of the costs associated with a VA home loan for a specific price point, addressing a common financial question for potential homebuyers. 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 $330,000 home using a VA loan. It details the monthly payment, including principal, interest, taxes, and insurance, as well as the upfront closing costs and the annual income required to qualify.

Structure

1Introduce the scenario: buying a $330k home with a VA loan.
2Break down monthly costs: down payment, property taxes, homeowners insurance, PITI.
3Calculate upfront closing costs.
4State the total monthly payment.
5Determine the required annual income to qualify.
6Call to action: DM for a personalized scenario.

Original caption

Buying a $330,000 home using the VA home loan? - #valoan #vahomeloan #homebuying #realestate #mortgagepayment

More from @scottgardnerrealestate

Product placement

VA Home Loan: a type of mortgage loan available to U.S. veterans, active-duty military personnel, and eligible surviving spouses. It allows for $0 down payment and no private mortgage insurance. It ACTS as the financing mechanism for purchasing a home. Removing it would change the entire premise of the video. The logo on the creator's shirt, 'Selling San Diego', APPEARS to be a company logo. It does not ACT in the video, and removing it would not change what happens.

Call to action

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

On-screen text

BUYING A $330,000 HOME USING THE VA HOME LOAN? Down Payment: $0 Property Taxes: $330 Homeowners Ins: $125 PITI: $2,140 Closing Costs: $8,250 Upfront Costs: $8,250 Mo Payment: $2,595 Income Needed: $69,000

Transcript

How much does it cost to buy a $330,000 home using the VA loan? For this example, we're putting no money down. Property taxes would be about $330 a month. Homeowners insurance about $125 a month. Your principal and interest payment would be around $2,140 a month. Closing costs would be $8,250. To buy this home using the VA loan, it would cost about $8,250 upfront. Your monthly payment would be $2,595 and you'd need to make around $69,000 per year to qualify. Send me a DM if you'd like me to run your scenario.