Tracy Grubbs: Hi everybody. I’m Tracy Grubbs with the G Team at EXP Realty and this is Stephanie Gearhart, part of Gearhart Mortgage, and we’re in a home today up in Sutherlin, that was newly constructed by Mid Oregon Builders and we wanted to talk to you a little bit about options for VA loans on this home, in particular. I know a lot of you may be renting homes in the Douglas County area. The rental market is pretty high and you could be paying quite a bit for a rental property.
So we just wanted to talk about the options with VA loans available here, what the rates are, and what your payment might be on this particular home.
So Stephanie, what are the rates right now for a VA loan?
Stephanie G.: For this particular property, listed at $269,000 we’re looking at about 3 3/4 interest rate, depending on a credit score. Also, no down payment on a VA loan and some of the closing costs can also be paid and negotiated with the builders so you can get in with no down, a low monthly payment, low interest rate. It’s a great deal.
Tracy Grubbs: Yes it is. And so I know that rent, it can often be $1200, $1300, $1,400 or even more right now. So what would the estimated payment be, including taxes and insurance on this particular property?
Stephanie G.: And homeowner’s insurance, which is already a little bit; about $1550 a month.
Tracy Grubbs: Yeah, so that’s fantastic. And as you can see, maybe in the video here, this home features some really nice surfaces. Granite island kitchen. We’ve got a really nice custom back splash here. Solid alder cabinets and a lot of other really nice features that are available here. And we have several options to choose from in the $269,000 price range, several different color palettes and floor plans.
So wonderful neighborhood here on the golf course. There’s a dog park. There’s so many options here for you. We urge you to consider this area and if you would like to take a closer look, we’d be happy to help you.
Thanks again and we’ll see you later!
Stephanie G.: Thanks Tracy.
Tracy Grubbs: Thank you.