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Coalinga sits in Fresno County where the median household income of $71,434 stretches to cover homes in the $750K range. At 5.5%, a zero-down VA loan on a $750,000 purchase carries a $4,258 monthly payment for principal and interest alone.
The county's job market is expanding — Fresno County just renewed a $5.06 million workforce program connecting residents with employment through 2028. That kind of stability matters when you're locking in a 30-year mortgage.
5.5%
Interest Rate
$4,258
Monthly P&I
740
FICO (scenario)
$0
Down Payment
$750,000
Loan Amount
30 days
Lock Period
VA Loans in Coalinga
VA loans require a Certificate of Eligibility and a valid discharge. Credit floor sits around 620, though most lenders prefer 740+. You put zero down — the funding fee replaces PMI and runs 2.15% on first-time use with no down payment.
Fresno County's median household income of $71,434 buys a $750K home comfortably on a VA loan. Debt-to-income limits run 41-50% depending on the lender, so a household earning $95,000 can carry this mortgage alongside other debts.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Coalinga.
Coalinga sits in Fresno County where the median household income of $71,434 stretches to cover homes in the $750K range. At 5.5%, a zero-down VA loan on a $750,000 purchase carries a $4,258 monthly payment for principal and interest alone.
The county's job market is expanding — Fresno County just renewed a $5.06 million workforce program connecting residents with employment through 2028. That kind of stability matters when you're locking in a 30-year mortgage.
VA loans require a Certificate of Eligibility and a valid discharge. Credit floor sits around 620, though most lenders prefer 740+. You put zero down — the funding fee replaces PMI and runs 2.15% on first-time use with no down payment.
VA loans in California move through both retail banks and mortgage brokers. The VA guaranty replaces PMI, so lenders compete on rate and service rather than insurance costs. Underwriting is tighter than FHA but faster than jumbo — most close in 30-45 days.
Brokers typically offer VA rates 0.125-0.25% better than retail banks because they shop multiple lenders. The VA funding fee is non-negotiable, but the rate and points are where you save money.
VA loans make sense in Coalinga when you're buying at or below the $832,750 conforming limit and have a valid Certificate of Eligibility. At $750K, you're well inside that window and zero down saves you $150K in cash at closing.
The real advantage: at 5.5%, you're paying no PMI and no down payment. A conventional buyer at the same rate would need $150K down to avoid PMI, or accept a higher rate with PMI. That's $150K in your pocket.
Conventional loans at $750K require 20% down ($150,000) to avoid PMI, or a lower down payment with PMI that never cancels. VA loans require zero down and zero PMI.
Over 10 years, conventional PMI costs $500-750 monthly. VA's funding fee is paid once. The math favors VA for anyone with a valid Certificate of Eligibility.
Downtown Fresno is getting $100 million in state infrastructure funding — the final tranche of a $250 million commitment. That kind of investment signals long-term stability for the region and supports home values in surrounding areas like Coalinga.
The Rogue Performance Festival runs through March 8 in Fresno's Tower District with 45 performing groups. Cultural investment matters when you're buying for the long term — it attracts younger families and keeps neighborhoods engaged.
No. Active duty, veterans with an honorable discharge, National Guard members, and surviving spouses of eligible service members all qualify. You need a Certificate of Eligibility from the VA.
At 5.5% APR on a $750,000 loan, principal and interest run $4,258 monthly. Add property taxes, insurance, and HOA if applicable. The funding fee (2.15%, about $16,125) is rolled into the loan or paid at closing.
Yes, if you have a 10% or higher VA disability rating. Purple Heart recipients and surviving spouses are also exempt. Otherwise the 2.15% fee applies on first-time use.
Yes. The scenario shown locks for 30 days from application. Longer locks (45-60 days) are available but typically cost 0.125-0.25% more in rate or points.
VA has no mortgage insurance and zero down. FHA requires 3.5% down and lifetime mortgage insurance if you put down less than 10%. VA rates typically run 0.25-0.5% lower because there's no insurance cost.