Corning VA Loan Rates, Closing Costs & Stats
Corning, NY
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Corning's 23 lenders originated 70 VA loans during 2022. The total origination value was $16,980,000, with an average VA loan value of $242,571.
Corning VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Corning
averaged
6.33%
for the week of 2023-09-15, compared to the national average (all VA variants) of
6.807% for the same period.
Corning's average VA mortgage closing costs are $4,673.
The average rate for the prior week (2023-09-08) was
6.57% and
one month ago for the week of 2023-08-11, the
average rate was 6.62%.
The average rate one year ago was 5.1%.
For refis of the same type during the week of 2023-09-15, the average rate
was 7.01%.
Corning VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Corning level.
The top Corning VA lender as defined by loan originations is Mortgage Research Center, LLC, with
18 VA loans originated. Their average total fees are
$3,191, which is $4,105
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Corning VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($3,191), QUICKEN LOANS, LLC ($7,296), .
The lowest rate Corning VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.63%), Mortgage Research Center, LLC (5.04%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Corning (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $130,950 (5.1%) | $195,193 (2.7%) | 0.00 | 390 |
2018-02-01 | $138,450 (13.2%) | $195,337 (3.4%) | 0.00 | 382 |
2018-03-01 | $139,000 (7.4%) | $197,702 (1.4%) | 0.00 | 367 |
2018-04-01 | $129,900 (0.7%) | $196,943 (-0.2%) | 0.00 | 366 |
2018-05-01 | $129,575 (-4.0%) | $198,038 (-12.6%) | 0.00 | 398 |
2018-06-01 | $129,900 (-7.2%) | $199,104 (-12.3%) | 0.00 | 420 |
2018-07-01 | $138,450 (-1.0%) | $199,633 (-11.0%) | 0.00 | 450 |
2018-08-01 | $134,450 (-5.6%) | $197,085 (-11.2%) | 0.00 | 466 |
2018-09-01 | $133,400 (-1.1%) | $198,011 (-11.3%) | 0.00 | 462 |
2018-10-01 | $130,075 (-5.4%) | $196,526 (-13.5%) | 0.00 | 455 |
2018-11-01 | $134,900 (-7.0%) | $199,527 (-11.5%) | 0.00 | 435 |
2018-12-01 | $129,300 (-7.3%) | $199,188 (-0.6%) | 0.00 | 379 |
2019-01-01 | $129,100 (-1.4%) | $188,873 (-3.2%) | 0.00 | 343 |
2019-02-01 | $129,750 (-6.3%) | $191,422 (-2.0%) | 0.00 | 336 |
2019-03-01 | $138,386 (-0.4%) | $207,107 (4.8%) | 0.00 | 321 |
2019-04-01 | $148,286 (14.2%) | $223,748 (13.6%) | 0.00 | 303 |
2019-05-01 | $141,675 (9.3%) | $218,902 (10.5%) | 0.00 | 332 |
2019-06-01 | $150,000 (15.5%) | $220,351 (10.7%) | 0.00 | 341 |
2019-07-01 | $149,650 (8.1%) | $210,653 (5.5%) | 0.00 | 371 |
2019-08-01 | $142,173 (5.7%) | $209,551 (6.3%) | 0.00 | 371 |
2019-09-01 | $138,082 (3.5%) | $208,941 (5.5%) | 0.00 | 369 |
2019-10-01 | $135,355 (4.1%) | $208,290 (6.0%) | 0.00 | 362 |
2019-11-01 | $139,900 (3.7%) | $217,629 (9.1%) | 0.00 | 325 |
2019-12-01 | $139,900 (8.2%) | $218,866 (9.9%) | 0.00 | 329 |
2020-01-01 | $135,900 (5.3%) | $213,731 (13.2%) | 0.00 | 309 |
2020-02-01 | $135,900 (4.7%) | $217,529 (13.6%) | 0.00 | 279 |
2020-03-01 | $137,225 (-0.8%) | $217,556 (5.1%) | 0.00 | 263 |
2020-04-01 | $146,725 (-1.1%) | $233,580 (4.4%) | 0.00 | 245 |
2020-05-01 | $149,900 (5.8%) | $244,239 (11.6%) | 0.00 | 237 |
2020-06-01 | $153,975 (2.7%) | $234,971 (6.6%) | 0.00 | 252 |
2020-07-01 | $167,700 (12.1%) | $238,356 (13.2%) | 0.00 | 249 |
2020-08-01 | $164,900 (16.0%) | $233,561 (11.5%) | 0.00 | 249 |
2020-09-01 | $179,450 (30.0%) | $247,553 (18.5%) | 0.00 | 244 |
2020-10-01 | $174,900 (29.2%) | $240,447 (15.4%) | 0.00 | 226 |
2020-11-01 | $179,575 (28.4%) | $256,571 (17.9%) | 0.00 | 218 |
2020-12-01 | $177,175 (26.6%) | $262,800 (20.1%) | 0.00 | 196 |
2021-01-01 | $173,950 (28.0%) | $264,578 (23.8%) | 0.00 | 187 |
2021-02-01 | $185,000 (36.1%) | $284,925 (31.0%) | 0.00 | 160 |
2021-03-01 | $194,900 (42.0%) | $292,731 (34.6%) | 0.00 | 151 |
2021-04-01 | $174,950 (19.2%) | $293,517 (25.7%) | 0.00 | 129 |
2021-05-01 | $199,700 (33.2%) | $291,852 (19.5%) | 0.00 | 117 |
2021-06-01 | $182,400 (18.5%) | $308,372 (31.2%) | 0.00 | 127 |
2021-07-01 | $175,000 (4.4%) | $294,485 (23.6%) | 0.00 | 146 |
2021-08-01 | $177,450 (7.6%) | $266,584 (14.1%) | 0.00 | 158 |
2021-09-01 | $182,475 (1.7%) | $268,987 (8.7%) | 0.00 | 168 |
2021-10-01 | $179,000 (2.3%) | $249,850 (3.9%) | 0.00 | 176 |
2021-11-01 | $174,950 (-2.6%) | $241,831 (-5.7%) | 0.00 | 170 |
2021-12-01 | $166,975 (-5.8%) | $238,419 (-9.3%) | 0.00 | 154 |
2022-01-01 | $169,900 (-2.3%) | $247,501 (-6.5%) | 0.00 | 141 |
2022-02-01 | $159,900 (-13.6%) | $241,062 (-15.4%) | 0.00 | 129 |
2022-03-01 | $159,900 (-18.0%) | $244,782 (-16.4%) | 0.00 | 111 |
2022-04-01 | $169,900 (-2.9%) | $250,522 (-14.7%) | 0.00 | 103 |
2022-05-01 | $174,975 (-12.4%) | $258,116 (-11.6%) | 0.00 | 116 |
2022-06-01 | $188,725 (3.5%) | $274,029 (-11.1%) | 0.00 | 149 |
2022-07-01 | $196,950 (12.5%) | $284,020 (-3.6%) | 0.00 | 167 |
2022-08-01 | $199,000 (12.1%) | $285,302 (7.0%) | 0.00 | 183 |
2022-09-01 | $207,450 (13.7%) | $316,134 (17.5%) | 0.00 | 177 |
2022-10-01 | $189,000 (5.6%) | $308,091 (23.3%) | 0.00 | 179 |
2022-11-01 | $189,225 (8.2%) | $314,231 (29.9%) | 0.00 | 167 |
2022-12-01 | $182,500 (9.3%) | $303,786 (27.4%) | 0.00 | 146 |
2023-01-01 | $174,950 (3.0%) | $293,582 (18.6%) | 0.00 | 124 |
2023-02-01 | $174,450 (9.1%) | $286,240 (18.7%) | 0.00 | 120 |
2023-03-01 | $172,375 (7.8%) | $242,680 (-0.9%) | 0.00 | 122 |
2023-04-01 | $179,000 (5.4%) | $242,575 (-3.2%) | 0.00 | 114 |
2023-05-01 | $189,900 (8.5%) | $242,436 (-6.1%) | 0.00 | 129 |
2023-06-01 | $179,700 (-4.8%) | $280,263 (2.3%) | 0.00 | 135 |
2023-07-01 | $182,450 (-7.4%) | $294,897 (3.8%) | 0.00 | 136 |
2023-08-01 | $186,225 (-6.4%) | $292,725 (2.6%) | 0.00 | 148 |
Corning's median listing price comes in at 0% of the national average.
Corning's average listing price for 2023-08-01 was $292,725, a difference of $7,423 (2.6%) versus the prior year and $-2,172 versus the prior month.
For the 2023-08-01 period, Corning had 148 MLS listings, a difference of 12 listings (9%) versus the prior month and -35 listings (-19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Corning (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,724 sqft |
2018-02-01 | 0 days | 1,755 sqft |
2018-03-01 | 0 days | 1,800 sqft |
2018-04-01 | 0 days | 1,791 sqft |
2018-05-01 | 0 days | 1,678 sqft |
2018-06-01 | 0 days | 1,680 sqft |
2018-07-01 | 0 days | 1,766 sqft |
2018-08-01 | 0 days | 1,739 sqft |
2018-09-01 | 0 days | 1,712 sqft |
2018-10-01 | 0 days | 1,670 sqft |
2018-11-01 | 0 days | 1,734 sqft |
2018-12-01 | 0 days | 1,704 sqft |
2019-01-01 | 0 days | 1,756 sqft |
2019-02-01 | 0 days | 1,750 sqft |
2019-03-01 | 0 days | 1,802 sqft |
2019-04-01 | 0 days | 1,837 sqft |
2019-05-01 | 0 days | 1,752 sqft |
2019-06-01 | 0 days | 1,804 sqft |
2019-07-01 | 0 days | 1,810 sqft |
2019-08-01 | 0 days | 1,824 sqft |
2019-09-01 | 0 days | 1,806 sqft |
2019-10-01 | 0 days | 1,794 sqft |
2019-11-01 | 0 days | 1,784 sqft |
2019-12-01 | 0 days | 1,782 sqft |
2020-01-01 | 0 days | 1,728 sqft |
2020-02-01 | 0 days | 1,770 sqft |
2020-03-01 | 0 days | 1,811 sqft |
2020-04-01 | 0 days | 1,886 sqft |
2020-05-01 | 0 days | 1,886 sqft |
2020-06-01 | 0 days | 1,858 sqft |
2020-07-01 | 0 days | 1,877 sqft |
2020-08-01 | 0 days | 1,898 sqft |
2020-09-01 | 0 days | 1,959 sqft |
2020-10-01 | 0 days | 1,914 sqft |
2020-11-01 | 0 days | 1,988 sqft |
2020-12-01 | 0 days | 1,992 sqft |
2021-01-01 | 0 days | 1,914 sqft |
2021-02-01 | 0 days | 1,976 sqft |
2021-03-01 | 0 days | 2,016 sqft |
2021-04-01 | 0 days | 2,042 sqft |
2021-05-01 | 0 days | 1,992 sqft |
2021-06-01 | 0 days | 1,882 sqft |
2021-07-01 | 0 days | 1,790 sqft |
2021-08-01 | 0 days | 1,754 sqft |
2021-09-01 | 0 days | 1,782 sqft |
2021-10-01 | 0 days | 1,787 sqft |
2021-11-01 | 0 days | 1,803 sqft |
2021-12-01 | 0 days | 1,804 sqft |
2022-01-01 | 0 days | 1,744 sqft |
2022-02-01 | 0 days | 1,766 sqft |
2022-03-01 | 0 days | 1,736 sqft |
2022-04-01 | 0 days | 1,793 sqft |
2022-05-01 | 0 days | 1,903 sqft |
2022-06-01 | 0 days | 1,967 sqft |
2022-07-01 | 0 days | 1,976 sqft |
2022-08-01 | 0 days | 1,880 sqft |
2022-09-01 | 0 days | 1,881 sqft |
2022-10-01 | 0 days | 1,858 sqft |
2022-11-01 | 0 days | 1,922 sqft |
2022-12-01 | 0 days | 1,931 sqft |
2023-01-01 | 0 days | 1,848 sqft |
2023-02-01 | 0 days | 1,846 sqft |
2023-03-01 | 0 days | 1,768 sqft |
2023-04-01 | 0 days | 1,821 sqft |
2023-05-01 | 0 days | 1,838 sqft |
2023-06-01 | 0 days | 1,821 sqft |
2023-07-01 | 0 days | 1,852 sqft |
2023-08-01 | 0 days | 1,760 sqft |
Corning's median square footage for active listings during the 2023-08-01 period was 1,760 sqft. One year prior, the average listing was 1,880 sqft.