Question 1

Do I need to be on active duty to qualify for a VA loan in Corning?

Accepted Answer

No. Active duty, veterans, and surviving spouses with a Certificate of Eligibility all qualify. You need proof of service and a valid COE from the VA. Call us to verify your eligibility.

Question 2

What's the monthly payment on a $750,000 VA loan in Corning?

Accepted Answer

At 5.5% APR (5.518% APR) on a $750,000 zero-down VA 30-year fixed as of April 9, 2026, principal and interest run $4,258 monthly. Add property taxes, insurance, and HOA if applicable. The funding fee (0.197 points, $1,478) is rolled into the loan.

Question 3

Will I pay PMI on a VA loan if I put zero down?

Accepted Answer

No. VA loans carry no PMI at any down payment. The funding fee replaces mortgage insurance. If you're disabled (10%+ VA rating), you're exempt from the funding fee entirely.

Question 4

How long does it take to close a VA loan in Corning?

Accepted Answer

Typical VA closings run 30-45 days. The VA appraisal takes 7-10 days. Underwriting and title work run parallel. A 30-day rate lock is standard.

Question 5

Can I use my VA entitlement more than once?

Accepted Answer

Yes. You can reuse your entitlement after you sell the prior VA-financed home or pay it off. Subsequent-use funding fee is 3.3% instead of 2.15%. Disabled veterans (10%+) pay no fee on any use.

VA 30-year fixed loans in Corning: zero down, no PMI, built for veterans