Longview FHA Loan Rates, Closing Costs & Stats

LONGVIEW, TX

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Longview's 106 lenders originated 698 FHA loans during 2022. The total origination value was $147,890,000, with an average FHA loan value of $211,877.

Longview FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Longview averaged 6.59% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

Longview's average FHA mortgage closing costs are $7,516.

The average rate for the prior week (2023-05-19) was 6.27% and one month ago for the week of 2023-04-21, the average rate was 6.41%.

The average rate one year ago was 5.03%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.2%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Longview FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Longview level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUILD MORTGAGE COMPANY 81 5.50% $11,079
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 65 5.46% $9,458
INTERLINC MORTGAGE SERVICES, LLC 36 5.27% $8,459
UNITED WHOLESALE MORTGAGE, LLC 32 5.52% $9,016
QUICKEN LOANS, LLC 30 4.50% $9,523
SOUTHWEST FUNDING, LP 28 5.60% $12,066
STOCKTON MORTGAGE CORPORATION 24 5.18% $10,465
AMCAP MORTGAGE, LTD. 21 5.42% $8,980
MORTGAGE FINANCIAL SERVICES, LLC 21 5.74% $9,987
UNION HOME MORTGAGE CORP. 20 5.53% $8,966
GUARANTEED RATE, INC. 19 5.37% $11,077
CALIBER HOME LOANS, INC. 15 4.12% $8,532
EVERETT FINANCIAL, INC. 14 6.22% $5,971
BancorpSouth Bank 10 4.68% $9,905
Guaranty Bank & Trust, N.A. 9 5.01% $10,261
Gateway First Bank 8 5.30% $9,380
CARDINAL FINANCIAL 8 4.23% $12,446
Equity Prime Mortgage LLC 7 5.79% $8,611
LAKEVIEW LOAN SERVICING, LLC 6 3.31% $4,692
DRAPER AND KRAMER MORTGAGE CORP. 6 4.81% $9,365
BROKER SOLUTIONS, INC. 6 5.39% $11,904
Hometown Equity Mortgage, LLC 6 5.52% $12,009
EUSTIS AND AMERICAN MORTGAGE COMPANY 6 5.15% $9,583
Flagstar Bank, FSB 5 4.30% $7,818
LOANDEPOT.COM, LLC 5 5.35% $8,012
CMG MORTGAGE, INC. 5 6.63% $11,396
Carrington Mortgage Services, LLC 4 4.34% $9,164
GSF Mortgage Corporation 4 4.88% $13,660
AMERICAN FINANCIAL RESOURCES, INC. 4 5.22% $10,393
PENNYMAC LOAN SERVICES, LLC 4 4.56% $6,172
ZILLOW HOME LOANS, LLC 4 5.59% $10,170
CROSSCOUNTRY MORTGAGE, LLC 4 5.77% $15,971
FINANCE OF AMERICA MORTGAGE LLC 4 4.50% $11,575
CALCON MUTUAL MORTGAGE LLC 4 5.03% $14,336
Mr. Cooper ( Nationstar Mortgage ) 3 4.21% $6,159
Nations Lending Corporation 3 4.83% $9,672
OPEN MORTGAGE, LLC 3 5.21% $11,374
Paramount Residential Mortgage Group, Inc. 3 5.71% $12,980
First Guaranty Mortgage Corporation 3 4.38% $10,474
SFMC, LP 3 5.42% $10,170
SOUTHWEST STAGE FUNDING, LLC 3 4.04% $6,819
T2 FINANCIAL LLC 3 6.00% $14,605
FREEDOM MORTGAGE CORPORATION 3 3.92% $7,838
WILLOW BEND MORTGAGE COMPANY, LLC 3 5.08% $9,382
GREAT WESTERN FINANCIAL SERVICES, INC. 3 3.79% $10,204
GUARANTEED RATE AFFINITY, LLC 3 5.33% $9,450
ASPIRE FINANCIAL, INC. 3 4.63% $10,536
NATIONS DIRECT MORTGAGE, LLC 3 3.87% $5,957
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.06% $9,562
VILLAGE CAPITAL MORTGAGE 2 2.87% $2,484
U.S. Bank 2 4.94% $10,186
FirstTrust Home Loans, Inc. 2 4.25% $5,766
SUN WEST MORTGAGE COMPANY, INC. 2 6.00% $10,152
S1L, Inc. 2 6.50% $8,938
Regions Bank 2 4.63% $6,852
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.75% $10,483
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.38% $14,519
Citizens Bank 2 4.31% $9,382
NEWREZ LLC 2 5.25% $6,704
Loan Simple, Inc. 2 6.25% $11,788
MID AMERICA MORTGAGE, INC. 2 4.19% $4,781
NATIONS RELIABLE LENDING, LLC 2 5.56% $9,697
Network Funding, L.P. 2 3.94% $9,674
Neighborhood Loans, Inc. 2 6.13% $15,316
GENEVA FINANCIAL, LLC 2 4.13% $13,655
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 5.94% $9,648
Zions Bancorporation, N.A. 1 3.50% $7,375
AMERICAN FINANCING CORPORATION 1 4.50% $16,394
AmeriHome Mortgage Company, LLC 1 5.13% $9,893
AMERISAVE MORTGAGE CORPORATION 1 3.50% $12,644
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $11,232
Bank of England 1 3.50% $5,449
BECKAM FUNDING CORP. 1 5.25% $12,038
BETTER MORTGAGE CORPORATION 1 3.50% $7,193
CHURCHILL MORTGAGE CORPORATION 1 5.25% $11,493
CITYWIDE HOME LOANS, LLC 1 5.63% $12,427
CORNERSTONE HOME LENDING, INC. 1 4.75% $16,667
Encompass Lending Group, LP 1 5.62% $7,163
First Financial Bank 1 2.75% $6,640
First National Bank Texas 1 7.13% $7,313
FLAT BRANCH MORTGAGE, INC. 1 4.63% $20,369
HOME POINT FINANCIAL CORPORATION 1 3.49% $10,502
HOMESIDE FINANCIAL, LLC 1 2.99% $12,877
Hometown Lenders, Inc. 1 5.13% $16,703
Lakeview Community Capital, LLC 1 5.38% $6,801
LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $11,245
LIBERTY HOME MORTGAGE CORPORATION 1 6.75% $9,357
Midwest Mortgage Associates Corporation 1 3.88% $6,606
Mortgage Research Center, LLC 1 4.25% $14,937
MOVEMENT MORTGAGE, LLC 1 4.50% $13,421
North American Savings Bank, F.S.B. 1 4.75% $11,712
OCMBC, INC. 1 4.25% $6,861
ONY GLO, INC. 1 5.00% $11,811
PLANET HOME LENDING, LLC 1 4.63% $10,087
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.50% $17,237
Prosperity Home Mortgage, LLC 1 5.00% $7,771
RELIANCE FIRST CAPITAL, LLC 1 5.63% $10,829
ROYAL UNITED MORTGAGE LLC 1 4.25% $7,337
Sabine State Bank and Trust Company 1 4.25% $12,300
SECURITYNATIONAL MORTGAGE COMPANY 1 5.38% $7,406
Shamrock Home Loans, Inc. 1 4.75% $11,596
Texas Mortgage Lending, LLC 1 7.13% $12,038
THRIVE MORTGAGE, LLC 1 5.63% $11,112
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.63% $13,805
Wallick & Volk, Inc. 1 4.25% $8,420
ACADEMY MORTGAGE CORPORATION 1 4.63% $9,065

The top Longview FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 81 FHA loans originated. Their average total fees are $11,079, which is $1,621 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Longview FHA lenders (with over 10 loans originated) are EVERETT FINANCIAL, INC. ($5,971), INTERLINC MORTGAGE SERVICES, LLC ($8,459), CALIBER HOME LOANS, INC. ($8,532), UNION HOME MORTGAGE CORP. ($8,966) and AMCAP MORTGAGE, LTD. ($8,980).

The lowest rate Longview FHA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. (4.12%), QUICKEN LOANS, LLC (4.50%), BancorpSouth Bank (4.68%), STOCKTON MORTGAGE CORPORATION (5.18%) and INTERLINC MORTGAGE SERVICES, LLC (5.27%).

Longview FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
LONGVIEW, TX GREGG 2022 $420,680 $538,650 $651,050 $809,150
LONGVIEW, TX HARRISON 2022 $420,680 $538,650 $651,050 $809,150
LONGVIEW, TX RUSK 2022 $420,680 $538,650 $651,050 $809,150
LONGVIEW, TX UPSHUR 2022 $420,680 $538,650 $651,050 $809,150
LONGVIEW, TX GREGG 2023 $472,030 $604,400 $730,525 $907,900
LONGVIEW, TX HARRISON 2023 $472,030 $604,400 $730,525 $907,900
LONGVIEW, TX RUSK 2023 $472,030 $604,400 $730,525 $907,900
LONGVIEW, TX UPSHUR 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Longview (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $179,125 (5.4%) $242,652 (4.8%) 0.66 1,398
2018-02-01 $175,000 (0.9%) $238,206 (2.2%) 0.64 1,419
2018-03-01 $179,900 (2.9%) $244,669 (5.1%) 0.63 1,396
2018-04-01 $181,225 (2.7%) $246,919 (5.1%) 0.61 1,408
2018-05-01 $185,500 (3.1%) $247,850 (7.5%) 0.62 1,431
2018-06-01 $192,700 (7.1%) $259,971 (12.4%) 0.64 1,427
2018-07-01 $197,975 (10.0%) $260,693 (11.2%) 0.66 1,449
2018-08-01 $193,900 (7.8%) $255,802 (8.6%) 0.65 1,414
2018-09-01 $189,900 (5.6%) $255,756 (8.3%) 0.64 1,367
2018-10-01 $191,375 (6.4%) $258,576 (9.8%) 0.65 1,325
2018-11-01 $189,925 (5.7%) $258,141 (7.7%) 0.64 1,293
2018-12-01 $189,900 (5.6%) $259,555 (6.6%) 0.66 1,241
2019-01-01 $191,250 (6.8%) $261,614 (7.8%) 0.66 1,163
2019-02-01 $193,125 (10.4%) $264,682 (11.1%) 0.65 1,179
2019-03-01 $199,000 (10.6%) $271,661 (11.0%) 0.66 1,148
2019-04-01 $199,250 (10.0%) $271,042 (9.8%) 0.63 1,224
2019-05-01 $199,000 (7.3%) $275,905 (11.3%) 0.62 1,223
2019-06-01 $199,000 (3.3%) $271,263 (4.3%) 0.62 1,201
2019-07-01 $199,900 (1.0%) $267,269 (2.5%) 0.63 1,207
2019-08-01 $198,750 (2.5%) $266,701 (4.3%) 0.62 1,230
2019-09-01 $199,675 (5.2%) $267,607 (4.6%) 0.63 1,130
2019-10-01 $199,500 (4.3%) $264,632 (2.3%) 0.64 1,142
2019-11-01 $199,500 (5.0%) $262,907 (1.9%) 0.65 1,084
2019-12-01 $194,700 (2.5%) $255,463 (-1.6%) 0.65 979
2020-01-01 $194,900 (1.9%) $257,396 (-1.6%) 0.65 884
2020-02-01 $195,000 (1.0%) $259,807 (-1.8%) 0.64 876
2020-03-01 $199,250 (0.1%) $270,053 (-0.6%) 0.62 832
2020-04-01 $197,225 (-1.0%) $270,636 (-0.2%) 0.62 817
2020-05-01 $199,900 (0.5%) $280,371 (1.6%) 0.61 788
2020-06-01 $215,222 (8.2%) $293,539 (8.2%) 0.63 715
2020-07-01 $224,888 (12.5%) $298,866 (11.8%) 0.65 658
2020-08-01 $223,250 (12.3%) $303,358 (13.7%) 0.64 640
2020-09-01 $229,900 (15.1%) $315,718 (18.0%) 0.66 608
2020-10-01 $227,900 (14.2%) $318,534 (20.4%) 0.65 551
2020-11-01 $222,500 (11.5%) $314,207 (19.5%) 0.65 526
2020-12-01 $212,500 (9.1%) $306,068 (19.8%) 0.63 505
2021-01-01 $209,900 (7.7%) $311,267 (20.9%) 0.63 468
2021-02-01 $199,900 (2.5%) $322,120 (24.0%) 0.58 387
2021-03-01 $194,000 (-2.6%) $321,420 (19.0%) 0.55 346
2021-04-01 $214,900 (9.0%) $321,836 (18.9%) 0.58 336
2021-05-01 $219,900 (10.0%) $336,137 (19.9%) 0.58 287
2021-06-01 $239,450 (11.3%) $371,048 (26.4%) 0.63 309
2021-07-01 $259,925 (15.6%) $378,525 (26.7%) 0.69 404
2021-08-01 $259,975 (16.5%) $373,087 (23.0%) 0.69 420
2021-09-01 $262,500 (14.2%) $374,397 (18.6%) 0.70 416
2021-10-01 $259,944 (14.1%) $378,964 (19.0%) 0.69 373
2021-11-01 $250,000 (12.4%) $366,356 (16.6%) 0.67 376
2021-12-01 $250,000 (17.7%) $370,357 (21.0%) 0.68 359
2022-01-01 $230,000 (9.6%) $360,507 (15.8%) 0.62 308
2022-02-01 $244,000 (22.1%) $379,684 (17.9%) 0.63 283
2022-03-01 $273,569 (41.0%) $406,174 (26.4%) 0.68 280
2022-04-01 $275,500 (28.2%) $385,762 (19.9%) 0.66 266
2022-05-01 $276,000 (25.5%) $407,102 (21.1%) 0.63 322
2022-06-01 $301,840 (26.1%) $407,811 (9.9%) 0.67 366
2022-07-01 $299,000 (15.0%) $398,419 (5.3%) 0.68 443
2022-08-01 $298,100 (14.7%) $395,548 (6.0%) 0.69 517
2022-09-01 $298,250 (13.6%) $390,575 (4.3%) 0.70 552
2022-10-01 $299,999 (15.4%) $394,558 (4.1%) 0.71 554
2022-11-01 $299,999 (20.0%) $398,407 (8.8%) 0.72 551
2022-12-01 $299,863 (19.9%) $388,359 (4.9%) 0.74 540
2023-01-01 $299,663 (30.3%) $393,760 (9.2%) 0.74 512
2023-02-01 $295,000 (20.9%) $387,475 (2.1%) 0.71 485
2023-03-01 $291,918 (6.7%) $395,316 (-2.7%) 0.69 468
2023-04-01 $299,900 (8.9%) $403,083 (4.5%) 0.70 475
Longview's median listing price for 2023-04-01 was $299,900, a difference of $24,400 (8.9%) versus the prior year and $7,982 versus the prior month.

Longview's median listing price comes in at 70% of the national average.

Longview's average listing price for 2023-04-01 was $403,083, a difference of $17,321 (4.5%) versus the prior year and $7,767 versus the prior month.

For the 2023-04-01 period, Longview had 475 MLS listings, a difference of 7 listings (1%) versus the prior month and 209 listings (79%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Longview (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 121 days 2,015 sqft
2018-02-01 117 days 1,973 sqft
2018-03-01 103 days 1,994 sqft
2018-04-01 82 days 2,029 sqft
2018-05-01 74 days 2,024 sqft
2018-06-01 74 days 2,046 sqft
2018-07-01 77 days 2,036 sqft
2018-08-01 78 days 2,032 sqft
2018-09-01 88 days 2,021 sqft
2018-10-01 94 days 2,031 sqft
2018-11-01 99 days 2,041 sqft
2018-12-01 102 days 2,017 sqft
2019-01-01 107 days 2,026 sqft
2019-02-01 106 days 2,059 sqft
2019-03-01 99 days 2,099 sqft
2019-04-01 77 days 2,088 sqft
2019-05-01 72 days 2,075 sqft
2019-06-01 68 days 2,057 sqft
2019-07-01 69 days 2,052 sqft
2019-08-01 75 days 2,057 sqft
2019-09-01 82 days 2,099 sqft
2019-10-01 79 days 2,095 sqft
2019-11-01 84 days 2,074 sqft
2019-12-01 88 days 2,029 sqft
2020-01-01 99 days 2,030 sqft
2020-02-01 92 days 2,027 sqft
2020-03-01 73 days 2,031 sqft
2020-04-01 76 days 2,025 sqft
2020-05-01 81 days 2,053 sqft
2020-06-01 85 days 2,129 sqft
2020-07-01 71 days 2,135 sqft
2020-08-01 65 days 2,141 sqft
2020-09-01 67 days 2,158 sqft
2020-10-01 67 days 2,152 sqft
2020-11-01 68 days 2,116 sqft
2020-12-01 68 days 2,046 sqft
2021-01-01 68 days 2,028 sqft
2021-02-01 85 days 2,056 sqft
2021-03-01 77 days 2,048 sqft
2021-04-01 43 days 2,044 sqft
2021-05-01 40 days 1,972 sqft
2021-06-01 32 days 2,045 sqft
2021-07-01 33 days 2,078 sqft
2021-08-01 39 days 2,041 sqft
2021-09-01 43 days 2,053 sqft
2021-10-01 53 days 2,021 sqft
2021-11-01 53 days 2,016 sqft
2021-12-01 51 days 1,981 sqft
2022-01-01 64 days 1,945 sqft
2022-02-01 49 days 1,882 sqft
2022-03-01 35 days 2,051 sqft
2022-04-01 39 days 2,046 sqft
2022-05-01 26 days 2,082 sqft
2022-06-01 34 days 2,142 sqft
2022-07-01 36 days 2,114 sqft
2022-08-01 38 days 2,096 sqft
2022-09-01 46 days 2,102 sqft
2022-10-01 57 days 2,077 sqft
2022-11-01 54 days 2,092 sqft
2022-12-01 67 days 2,076 sqft
2023-01-01 86 days 2,085 sqft
2023-02-01 81 days 2,022 sqft
2023-03-01 57 days 2,025 sqft
2023-04-01 48 days 2,064 sqft
Longview's median listing age (time on market) for 2023-04-01 was 48 days. This is 22% longer than the same period one year ago.

Longview's median square footage for active listings during the 2023-04-01 period was 2,064 sqft. One year prior, the average listing was 2,046 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).