Longview FHA Loans

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 104 lenders originated 1,045 FHA loans during 2021. The total origination value was $189,685,000, with an average FHA loan value of $181,517.

Longview FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Longview averaged 5.3% for the week of 2022-05-13, compared to the national average (all FHA variants) of 5.361% for the same period.

The average rate for the prior week (2022-05-06) was 5.53% and one month ago for the week of 2022-04-08, the average rate was 5.1%.

The average rate one year ago was 3.5%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.95%.

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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Longview level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GUILD MORTGAGE COMPANY 129 3.26% $8,466
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 87 3.56% $7,808
QUICKEN LOANS, LLC 83 2.76% $6,309
SOUTHWEST FUNDING, LP 50 3.51% $10,594
MORTGAGE FINANCIAL SERVICES, LLC 48 3.15% $8,425
INTERLINC MORTGAGE SERVICES, LLC 43 3.42% $7,224
LAKEVIEW LOAN SERVICING, LLC 35 3.11% $4,513
UNION HOME MORTGAGE CORP. 35 3.20% $7,652
AMCAP MORTGAGE, LTD. 29 3.35% $8,824
Mr. Cooper ( Nationstar Mortgage ) 23 3.46% $2,973
Gateway First Bank 22 3.60% $6,742
PENNYMAC LOAN SERVICES, LLC 15 3.42% $4,357
CALIBER HOME LOANS, INC. 15 2.92% $7,812
VILLAGE CAPITAL & INVESTMENT LLC 15 3.25% $2,131
FREEDOM MORTGAGE CORPORATION 14 2.94% $5,735
UNITED WHOLESALE MORTGAGE, LLC 10 2.82% $8,077
STOCKTON MORTGAGE CORPORATION 10 3.91% $8,079
First Guaranty Mortgage Corporation 10 2.86% $6,312
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 9 3.29% $6,912
AmeriHome Mortgage Company, LLC 9 2.80% $3,758
MID AMERICA MORTGAGE, INC. 9 3.43% $5,365
PRIMARY RESIDENTIAL MORTGAGE, INC. 9 3.65% $7,394
BancorpSouth Bank 8 3.23% $6,789
NEWREZ LLC 8 2.89% $4,414
RESIDENTIAL BANCORP. 8 3.56% $8,479
PLANET HOME LENDING, LLC 7 2.93% $3,745
CROSSCOUNTRY MORTGAGE, LLC 7 3.21% $10,238
Goldwater Bank, N.A. 7 3.21% $7,965
GUARANTEED RATE, INC. 7 3.02% $8,666
ASPIRE FINANCIAL, INC. 6 2.67% $8,118
FINANCE OF AMERICA MORTGAGE LLC 6 3.48% $7,349
Carrington Mortgage Services, LLC 6 4.15% $6,136
Guaranty Bank & Trust, N.A. 6 2.81% $7,294
LOANDEPOT.COM, LLC 5 3.72% $7,652
SFMC, LP 4 3.97% $8,095
Paramount Residential Mortgage Group, Inc. 4 3.38% $7,080
CITY FIRST MORTGAGE SERVICES, L.L.C. 4 3.16% $9,446
ACADEMY MORTGAGE CORPORATION 4 3.75% $8,627
COUNTRYPLACE MORTGAGE, LTD. 4 2.78% $11,140
Nations Lending Corporation 4 3.44% $8,037
EVERETT FINANCIAL, INC. 4 4.34% $6,771
U.S. Bank 3 3.50% $6,364
BROKER SOLUTIONS, INC. 3 3.04% $6,668
STEARNS LENDING, LLC 3 2.79% $7,612
Equity Prime Mortgage LLC 3 3.33% $7,826
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.46% $7,943
HOME POINT FINANCIAL CORPORATION 3 3.29% $5,850
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 4.17% $6,596
Hometown Lenders, Inc. 3 3.29% $11,588
CMG MORTGAGE, INC. 3 3.00% $12,080
MORIA DEVELOPMENT, INC. 3 3.63% $8,623
AMERICAN FINANCIAL NETWORK, INC. 3 3.88% $9,282
AMERICAN FINANCING CORPORATION 3 2.96% $11,163
MICHIGAN MUTUAL, INC. 2 3.38% $7,521
GREAT WESTERN FINANCIAL SERVICES, INC. 2 3.44% $9,495
RANLIFE, INC. 2 2.63% $11,647
Lakeview Community Capital, LLC 2 2.99% $6,098
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 3.13% $7,045
GSF Mortgage Corporation 2 2.88% $15,244
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.31% $6,534
MOVEMENT MORTGAGE, LLC 2 3.69% $8,440
PLAZA HOME MORTGAGE, INC. 2 2.94% $8,280
BAY EQUITY LLC 2 2.94% $7,499
CHURCHILL MORTGAGE CORPORATION 2 3.56% $8,189
CORNERSTONE HOME LENDING, INC. 2 3.25% $8,718
Low VA Rates, LLC 2 2.50% $3,020
WILLOW BEND MORTGAGE COMPANY, LLC 1 2.63% $54,636
Barrington Bank & Trust Company, N.A. 1 3.88% $7,160
BETTER MORTGAGE CORPORATION 1 3.25% $5,382
BOKF 1 3.63% $8,198
CERTAINTY HOME LOANS, LLC 1 3.38% $6,085
City Bank 1 2.38% $7,913
Commerce Home Mortgage, Inc. 1 2.75% $6,732
DAS Acquisition Company, LLC 1 3.13% $6,645
EASTMAN 1 3.75% $5,676
First Mortgage Solutions, LLC 1 2.50% $7,890
First National Bank Texas 1 3.50% $7,108
First State Bank 1 3.50% $7,930
FirstTrust Home Loans, Inc. 1 4.13% $6,088
Flagstar Bank, FSB 1 2.25% $7,885
FLAT BRANCH MORTGAGE, INC. 1 4.13% $10,343
GENEVA FINANCIAL, LLC 1 3.00% $6,376
Great Plains National Bank 1 3.13% $5,997
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.75% $4,657
HOMESIDE FINANCIAL, LLC 1 3.75% $9,363
INLANTA MORTGAGE, INC. 1 3.75% $8,547
Loan Simple, Inc. 1 3.75% $5,575
Mortgage Research Center, LLC 1 3.38% $8,616
OPEN MORTGAGE, LLC 1 2.75% $7,409
PANORAMA MORTGAGE GROUP, LLC 1 3.88% $7,114
Prosperity Bank 1 2.88% $8,899
RELIANCE FIRST CAPITAL, LLC 1 2.88% $6,809
Southside Bank 1 2.63% $8,459
SOUTHWEST STAGE FUNDING, LLC 1 3.75% $3,044
SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $8,658
Stride Bank 1 3.00% $8,684
SUN WEST MORTGAGE COMPANY, INC. 1 3.25% $5,130
SWBC MORTGAGE CORPORATION 1 3.88% $8,778
T2 FINANCIAL LLC 1 3.25% $8,240
The Home Loan Expert LLC 1 2.88% $7,118
THRIVE MORTGAGE, LLC 1 2.50% $8,322
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.75% $7,202
V.I.P. MORTGAGE, INC. 1 3.00% $14,938
WESTSTAR MORTGAGE CORPORATION 1 3.75% $10,351

The top Longview FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 129 FHA loans originated. Their average total fees are $8,466, which is $658 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Longview FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($2,131), Mr. Cooper ( Nationstar Mortgage ) ($2,973), PENNYMAC LOAN SERVICES, LLC ($4,357), LAKEVIEW LOAN SERVICING, LLC ($4,513) and FREEDOM MORTGAGE CORPORATION ($5,735).

The lowest rate Longview FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.76%), UNITED WHOLESALE MORTGAGE, LLC (2.82%), First Guaranty Mortgage Corporation (2.86%), CALIBER HOME LOANS, INC. (2.92%) and FREEDOM MORTGAGE CORPORATION (2.94%).

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

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 $185,750 (8.3%) $252,185 (8.2%) 0.68 1,349
2018-02-01 $182,500 (4.3%) $248,431 (5.3%) 0.66 1,355
2018-03-01 $185,000 (5.7%) $251,878 (7.1%) 0.64 1,317
2018-04-01 $188,990 (5.9%) $252,370 (5.8%) 0.63 1,314
2018-05-01 $189,450 (5.3%) $249,336 (7.4%) 0.63 1,324
2018-06-01 $195,000 (7.7%) $263,352 (13.2%) 0.65 1,340
2018-07-01 $199,250 (8.9%) $265,393 (11.8%) 0.66 1,358
2018-08-01 $195,950 (6.0%) $263,297 (9.6%) 0.65 1,312
2018-09-01 $190,000 (2.8%) $261,618 (7.8%) 0.64 1,281
2018-10-01 $194,900 (5.5%) $265,873 (9.4%) 0.65 1,259
2018-11-01 $195,000 (5.3%) $271,773 (8.4%) 0.65 1,227
2018-12-01 $191,000 (1.1%) $273,100 (8.0%) 0.65 1,170
2019-01-01 $194,000 (4.4%) $272,595 (8.1%) 0.67 1,104
2019-02-01 $198,400 (8.7%) $274,493 (10.5%) 0.66 1,138
2019-03-01 $198,800 (7.5%) $279,055 (10.8%) 0.65 1,172
2019-04-01 $200,000 (5.8%) $282,261 (11.8%) 0.63 1,215
2019-05-01 $199,900 (5.5%) $284,875 (14.3%) 0.62 1,202
2019-06-01 $199,900 (2.5%) $285,521 (8.4%) 0.62 1,161
2019-07-01 $199,900 (0.3%) $275,633 (3.9%) 0.62 1,159
2019-08-01 $202,814 (3.5%) $277,674 (5.5%) 0.64 1,153
2019-09-01 $199,700 (5.1%) $277,360 (6.0%) 0.63 1,121
2019-10-01 $199,000 (2.1%) $274,467 (3.2%) 0.63 1,110
2019-11-01 $198,900 (2.0%) $273,257 (0.6%) 0.64 1,047
2019-12-01 $196,450 (2.9%) $266,468 (-2.4%) 0.65 953
2020-01-01 $196,200 (1.1%) $271,699 (-0.3%) 0.65 867
2020-02-01 $199,000 (0.3%) $279,570 (1.9%) 0.64 842
2020-03-01 $202,450 (1.8%) $288,345 (3.3%) 0.63 829
2020-04-01 $200,000 (0.0%) $289,756 (2.7%) 0.62 824
2020-05-01 $209,500 (4.8%) $298,726 (4.9%) 0.63 791
2020-06-01 $227,450 (13.8%) $314,225 (10.1%) 0.66 708
2020-07-01 $232,500 (16.3%) $318,858 (15.7%) 0.67 650
2020-08-01 $229,000 (12.9%) $328,015 (18.1%) 0.65 634
2020-09-01 $240,950 (20.7%) $349,171 (25.9%) 0.69 615
2020-10-01 $230,000 (15.6%) $345,884 (26.0%) 0.66 552
2020-11-01 $235,000 (18.2%) $349,250 (27.8%) 0.67 520
2020-12-01 $226,250 (15.2%) $351,051 (31.7%) 0.66 488
2021-01-01 $224,900 (14.6%) $353,838 (30.2%) 0.66 448
2021-02-01 $217,200 (9.2%) $358,485 (28.2%) 0.62 371
2021-03-01 $224,900 (11.1%) $370,942 (28.6%) 0.63 328
2021-04-01 $232,450 (16.2%) $372,198 (28.5%) 0.62 327
2021-05-01 $245,000 (17.0%) $384,735 (28.8%) 0.64 270
2021-06-01 $254,860 (12.1%) $418,817 (33.3%) 0.66 308
2021-07-01 $277,452 (19.3%) $402,860 (26.3%) 0.72 382
2021-08-01 $270,500 (18.1%) $392,589 (19.7%) 0.71 419
2021-09-01 $280,000 (16.2%) $410,238 (17.5%) 0.74 406
2021-10-01 $286,450 (24.5%) $415,499 (20.1%) 0.75 357
2021-11-01 $266,000 (13.2%) $401,596 (15.0%) 0.70 374
2021-12-01 $264,950 (17.1%) $406,834 (15.9%) 0.71 357
2022-01-01 $259,900 (15.6%) $405,224 (14.5%) 0.69 307
2022-02-01 $268,400 (23.6%) $441,674 (23.2%) 0.68 283
2022-03-01 $284,950 (26.7%) $451,203 (21.6%) 0.70 281
2022-04-01 $289,500 (24.5%) $404,431 (8.7%) 0.68 268
Longview's median listing price for 2022-04-01 was $289,500, a difference of $57,050 (24.5%) versus the prior year and $4,550 versus the prior month.

Longview's median listing price comes in at 68% of the national average.

Longview's average listing price for 2022-04-01 was $404,431, a difference of $32,233 (8.7%) versus the prior year and $-46,772 versus the prior month.

For the 2022-04-01 period, Longview had 268 MLS listings, a difference of -13 listings (-5%) versus the prior month and -59 listings (-18%) 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
2018-01-01 117 days 2,062 sqft
2018-02-01 115 days 2,034 sqft
2018-03-01 103 days 2,049 sqft
2018-04-01 83 days 2,062 sqft
2018-05-01 75 days 2,057 sqft
2018-06-01 75 days 2,100 sqft
2018-07-01 79 days 2,087 sqft
2018-08-01 79 days 2,071 sqft
2018-09-01 89 days 2,064 sqft
2018-10-01 93 days 2,072 sqft
2018-11-01 96 days 2,087 sqft
2018-12-01 100 days 2,064 sqft
2019-01-01 105 days 2,068 sqft
2019-02-01 101 days 2,088 sqft
2019-03-01 87 days 2,116 sqft
2019-04-01 72 days 2,144 sqft
2019-05-01 74 days 2,113 sqft
2019-06-01 71 days 2,100 sqft
2019-07-01 70 days 2,100 sqft
2019-08-01 72 days 2,103 sqft
2019-09-01 75 days 2,107 sqft
2019-10-01 78 days 2,128 sqft
2019-11-01 78 days 2,118 sqft
2019-12-01 84 days 2,099 sqft
2020-01-01 96 days 2,099 sqft
2020-02-01 93 days 2,097 sqft
2020-03-01 69 days 2,101 sqft
2020-04-01 71 days 2,100 sqft
2020-05-01 75 days 2,106 sqft
2020-06-01 85 days 2,226 sqft
2020-07-01 72 days 2,225 sqft
2020-08-01 67 days 2,208 sqft
2020-09-01 64 days 2,218 sqft
2020-10-01 65 days 2,172 sqft
2020-11-01 70 days 2,190 sqft
2020-12-01 66 days 2,139 sqft
2021-01-01 67 days 2,097 sqft
2021-02-01 90 days 2,141 sqft
2021-03-01 80 days 2,158 sqft
2021-04-01 36 days 2,155 sqft
2021-05-01 43 days 2,078 sqft
2021-06-01 37 days 2,240 sqft
2021-07-01 35 days 2,236 sqft
2021-08-01 37 days 2,049 sqft
2021-09-01 44 days 2,117 sqft
2021-10-01 50 days 2,091 sqft
2021-11-01 48 days 2,089 sqft
2021-12-01 49 days 2,021 sqft
2022-01-01 62 days 1,997 sqft
2022-02-01 50 days 1,976 sqft
2022-03-01 38 days 2,126 sqft
2022-04-01 40 days 2,116 sqft
Longview's median listing age (time on market) for 2022-04-01 was 40 days. This is 11% longer than the same period one year ago.

Longview's median square footage for active listings during the 2022-04-01 period was 2,116 sqft. One year prior, the average listing was 2,155 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).