189 - INTERVIEW - VA Loans: Bad for Buyers or a Christmas Miracle?
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 31 May 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
Stephanie and her husband were ready to buy a home, but was told she would need 30% DOWN as a VA buyer and no one was interested in VA loans. Well, she knew her family needed a home, so she did some research, got in touch with a unicorn team, and now she and her family are enjoying a home in North Carolina they bought just before the holidays with 0% DOWN.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | When it comes to buying a home, everybody's got an opinion. And in fact, Stephanie, in this |
| 0:09.5 | interview was going to talk to us about how two years ago, she was told that she would need 30% |
| 0:14.1 | down because she was a VA buyer and nobody wanted to use a VA loan. Well, she ended up diving into her spreadsheets and working on |
| 0:24.2 | her own and she and her husband were trying to figure out a place for them and their two kids to move |
| 0:28.8 | into. Fast forward to the happy ending here. Listen to how she reached out to us, found herself a |
| 0:35.9 | unicorn, closed on December 22nd, and got to celebrate |
| 0:40.3 | Christmas in a brand new home, not with 30% down, with zero down. Play the music. |
| 0:48.5 | Music. What is happening, gang? I'm so excited about this. We've got yet another first-time home buyer. |
| 1:14.0 | So ladies and gentlemen, boys and girls, please say hello to Stephanie. How are you doing? Hey, I'm doing well. I'm excited. Wonderful. Okay, so first of |
| 1:21.6 | all, tell everybody where in the country you bought a house. We bought in Garn, North Carolina, |
| 1:27.3 | so right outside Raleigh, which most people |
| 1:30.4 | will be familiar with. Awesome. Okay. So my little trick here is I always like to ask |
| 1:37.2 | your biggest secret first, your biggest hack, your biggest learning, your biggest lesson. |
| 1:42.3 | What was the biggest piece of buying a home |
| 1:44.7 | that afterwards you're like, oh my gosh, I can't believe or this happened. What was it? |
| 1:49.8 | Yeah. Oh, man. Okay. So I think the biggest one for us was that it wasn't as daunting as we thought |
| 1:57.9 | it was going to be. My husband and I went right. We purchased our home. And that was coming out of the fog and just coming out of the other side. It was like, |
| 2:05.8 | holy cow, that was kind of, you know, easier, way easier than we thought it was going to be. |
| 2:10.8 | So, yeah. |
| 2:12.9 | You know, I would love to say that that's shocking. But I don't like to set people up to say it's super easy. |
| 2:22.4 | You know, if you've got $700,000 in debt and you have a part-time job, |
| 2:27.4 | it's going to be really hard. |
... |
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