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 91 lenders originated 552 FHA loans during 2023. The total origination value was $124,720,000, with an average FHA loan value of $225,942.
Longview FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Longview
averaged
6.44%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Longview's average FHA mortgage closing costs are $7,932.
The average rate for the prior week (2024-10-04) was
6.16% and
one month ago for the week of 2024-09-06, the
average rate was 6.09%.
The average rate one year ago was 7.51%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.9%.
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.
The top Longview FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
78 FHA loans originated. Their average total fees are
$10,838, which is $643
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Longview FHA lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. ($8,650), INTERLINC MORTGAGE SERVICES, LLC ($8,879), EVERETT FINANCIAL, INC. ($9,007), MORTGAGE FINANCIAL SERVICES, LLC ($10,321) and GUILD MORTGAGE COMPANY ($10,838).
The lowest rate Longview FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.40%), UNITED WHOLESALE MORTGAGE, LLC (6.63%), GUILD MORTGAGE COMPANY (6.82%), INTERLINC MORTGAGE SERVICES, LLC (6.83%) and MORTGAGE FINANCIAL SERVICES, LLC (6.98%).
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $179,288 (5.5%) | $242,812 (4.8%) | 0.66 | 1,397 |
2018-02-01 | $175,000 (0.9%) | $238,337 (2.2%) | 0.64 | 1,418 |
2018-03-01 | $179,900 (2.9%) | $244,808 (5.1%) | 0.63 | 1,395 |
2018-04-01 | $181,250 (2.7%) | $247,059 (5.1%) | 0.61 | 1,407 |
2018-05-01 | $185,500 (3.1%) | $247,669 (7.4%) | 0.62 | 1,430 |
2018-06-01 | $192,700 (7.1%) | $259,893 (12.4%) | 0.64 | 1,427 |
2018-07-01 | $198,200 (10.1%) | $260,729 (11.2%) | 0.66 | 1,450 |
2018-08-01 | $193,950 (7.8%) | $255,842 (8.6%) | 0.65 | 1,415 |
2018-09-01 | $189,900 (5.6%) | $255,660 (8.2%) | 0.64 | 1,367 |
2018-10-01 | $191,375 (6.4%) | $258,598 (9.7%) | 0.65 | 1,326 |
2018-11-01 | $189,950 (5.7%) | $258,283 (7.7%) | 0.64 | 1,294 |
2018-12-01 | $189,900 (5.6%) | $259,555 (6.5%) | 0.66 | 1,242 |
2019-01-01 | $191,250 (6.7%) | $261,614 (7.7%) | 0.66 | 1,163 |
2019-02-01 | $193,125 (10.4%) | $264,682 (11.1%) | 0.65 | 1,179 |
2019-03-01 | $196,000 (9.0%) | $268,592 (9.7%) | 0.64 | 1,201 |
2019-04-01 | $199,000 (9.8%) | $271,018 (9.7%) | 0.63 | 1,224 |
2019-05-01 | $199,000 (7.3%) | $275,910 (11.4%) | 0.62 | 1,226 |
2019-06-01 | $199,000 (3.3%) | $272,396 (4.8%) | 0.62 | 1,202 |
2019-07-01 | $199,900 (0.9%) | $268,282 (2.9%) | 0.63 | 1,207 |
2019-08-01 | $199,900 (3.1%) | $267,934 (4.7%) | 0.63 | 1,214 |
2019-09-01 | $199,900 (5.3%) | $266,721 (4.3%) | 0.64 | 1,185 |
2019-10-01 | $199,700 (4.4%) | $265,149 (2.5%) | 0.64 | 1,149 |
2019-11-01 | $199,500 (5.0%) | $262,907 (1.8%) | 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 (1.7%) | $270,053 (0.5%) | 0.62 | 832 |
2020-04-01 | $197,225 (-0.9%) | $270,636 (-0.1%) | 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 (7.8%) | 0.63 | 715 |
2020-07-01 | $224,888 (12.5%) | $298,866 (11.4%) | 0.65 | 658 |
2020-08-01 | $223,250 (11.7%) | $303,358 (13.2%) | 0.64 | 640 |
2020-09-01 | $229,900 (15.0%) | $315,718 (18.4%) | 0.66 | 608 |
2020-10-01 | $227,900 (14.1%) | $318,534 (20.1%) | 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 | $193,500 (-2.9%) | $321,172 (18.9%) | 0.55 | 346 |
2021-04-01 | $214,875 (9.0%) | $321,287 (18.7%) | 0.58 | 337 |
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 (41.4%) | $406,174 (26.5%) | 0.68 | 280 |
2022-04-01 | $275,500 (28.2%) | $385,762 (20.1%) | 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%) | $397,698 (5.1%) | 0.67 | 444 |
2022-08-01 | $297,750 (14.5%) | $394,895 (5.9%) | 0.69 | 518 |
2022-09-01 | $298,250 (13.6%) | $390,271 (4.2%) | 0.70 | 552 |
2022-10-01 | $299,999 (15.4%) | $394,558 (4.1%) | 0.71 | 554 |
2022-11-01 | $299,974 (20.0%) | $398,183 (8.7%) | 0.72 | 552 |
2022-12-01 | $299,825 (19.9%) | $388,150 (4.8%) | 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 |
2023-05-01 | $306,450 (11.0%) | $384,386 (-5.6%) | 0.69 | 498 |
2023-06-01 | $299,000 (-0.9%) | $381,694 (-6.4%) | 0.67 | 556 |
2023-07-01 | $312,000 (4.4%) | $395,713 (-0.5%) | 0.71 | 611 |
2023-08-01 | $314,370 (5.6%) | $404,241 (2.4%) | 0.72 | 670 |
2023-09-01 | $299,000 (0.3%) | $389,531 (-0.2%) | 0.70 | 707 |
2023-10-01 | $299,900 (0.0%) | $392,561 (-0.5%) | 0.71 | 744 |
2023-11-01 | $299,000 (-0.3%) | $376,824 (-5.4%) | 0.71 | 796 |
2023-12-01 | $299,000 (-0.3%) | $376,093 (-3.1%) | 0.73 | 797 |
2024-01-01 | $299,450 (-0.1%) | $375,911 (-4.5%) | 0.73 | 750 |
2024-02-01 | $299,900 (1.7%) | $375,840 (-3.0%) | 0.72 | 757 |
2024-03-01 | $305,500 (4.7%) | $379,353 (-4.0%) | 0.72 | 788 |
2024-04-01 | $310,000 (3.4%) | $383,997 (-4.7%) | 0.72 | 817 |
2024-05-01 | $314,450 (2.6%) | $392,694 (2.2%) | 0.71 | 857 |
2024-06-01 | $319,000 (6.7%) | $391,942 (2.7%) | 0.72 | 899 |
2024-07-01 | $314,919 (0.9%) | $384,911 (-2.7%) | 0.72 | 940 |
2024-08-01 | $313,950 (-0.1%) | $383,513 (-5.1%) | 0.73 | 936 |
2024-09-01 | $300,000 (0.3%) | $380,673 (-2.3%) | 0.71 | 968 |
Longview's median listing price comes in at 71% of the national average.
Longview's average listing price for 2024-09-01 was $380,673, a difference of $-8,858 (-2.3%) versus the prior year and $-2,840 versus the prior month.
For the 2024-09-01 period, Longview had 968 MLS listings, a difference of 32 listings (3%) versus the prior month and 261 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Longview (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 110 days | 2,016 sqft |
2018-02-01 | 106 days | 1,973 sqft |
2018-03-01 | 93 days | 1,995 sqft |
2018-04-01 | 72 days | 2,031 sqft |
2018-05-01 | 66 days | 2,024 sqft |
2018-06-01 | 67 days | 2,046 sqft |
2018-07-01 | 68 days | 2,035 sqft |
2018-08-01 | 71 days | 2,032 sqft |
2018-09-01 | 81 days | 2,019 sqft |
2018-10-01 | 88 days | 2,030 sqft |
2018-11-01 | 89 days | 2,039 sqft |
2018-12-01 | 90 days | 2,017 sqft |
2019-01-01 | 97 days | 2,026 sqft |
2019-02-01 | 95 days | 2,059 sqft |
2019-03-01 | 83 days | 2,073 sqft |
2019-04-01 | 70 days | 2,087 sqft |
2019-05-01 | 64 days | 2,075 sqft |
2019-06-01 | 61 days | 2,059 sqft |
2019-07-01 | 61 days | 2,054 sqft |
2019-08-01 | 63 days | 2,070 sqft |
2019-09-01 | 68 days | 2,085 sqft |
2019-10-01 | 72 days | 2,094 sqft |
2019-11-01 | 75 days | 2,074 sqft |
2019-12-01 | 81 days | 2,029 sqft |
2020-01-01 | 94 days | 2,030 sqft |
2020-02-01 | 86 days | 2,027 sqft |
2020-03-01 | 65 days | 2,031 sqft |
2020-04-01 | 70 days | 2,025 sqft |
2020-05-01 | 73 days | 2,053 sqft |
2020-06-01 | 78 days | 2,129 sqft |
2020-07-01 | 64 days | 2,135 sqft |
2020-08-01 | 59 days | 2,141 sqft |
2020-09-01 | 61 days | 2,158 sqft |
2020-10-01 | 63 days | 2,152 sqft |
2020-11-01 | 61 days | 2,116 sqft |
2020-12-01 | 63 days | 2,046 sqft |
2021-01-01 | 64 days | 2,028 sqft |
2021-02-01 | 77 days | 2,056 sqft |
2021-03-01 | 66 days | 2,047 sqft |
2021-04-01 | 37 days | 2,043 sqft |
2021-05-01 | 33 days | 1,972 sqft |
2021-06-01 | 31 days | 2,045 sqft |
2021-07-01 | 31 days | 2,078 sqft |
2021-08-01 | 37 days | 2,041 sqft |
2021-09-01 | 42 days | 2,053 sqft |
2021-10-01 | 50 days | 2,021 sqft |
2021-11-01 | 52 days | 2,016 sqft |
2021-12-01 | 49 days | 1,981 sqft |
2022-01-01 | 60 days | 1,945 sqft |
2022-02-01 | 40 days | 1,882 sqft |
2022-03-01 | 33 days | 2,051 sqft |
2022-04-01 | 36 days | 2,046 sqft |
2022-05-01 | 24 days | 2,082 sqft |
2022-06-01 | 33 days | 2,142 sqft |
2022-07-01 | 36 days | 2,109 sqft |
2022-08-01 | 38 days | 2,095 sqft |
2022-09-01 | 46 days | 2,102 sqft |
2022-10-01 | 54 days | 2,078 sqft |
2022-11-01 | 52 days | 2,094 sqft |
2022-12-01 | 67 days | 2,076 sqft |
2023-01-01 | 84 days | 2,085 sqft |
2023-02-01 | 79 days | 2,022 sqft |
2023-03-01 | 56 days | 2,025 sqft |
2023-04-01 | 46 days | 2,064 sqft |
2023-05-01 | 50 days | 2,076 sqft |
2023-06-01 | 46 days | 2,021 sqft |
2023-07-01 | 48 days | 2,043 sqft |
2023-08-01 | 51 days | 2,064 sqft |
2023-09-01 | 57 days | 2,030 sqft |
2023-10-01 | 65 days | 2,044 sqft |
2023-11-01 | 61 days | 2,017 sqft |
2023-12-01 | 68 days | 2,001 sqft |
2024-01-01 | 77 days | 2,022 sqft |
2024-02-01 | 78 days | 2,025 sqft |
2024-03-01 | 64 days | 2,035 sqft |
2024-04-01 | 55 days | 2,056 sqft |
2024-05-01 | 58 days | 2,064 sqft |
2024-06-01 | 59 days | 2,042 sqft |
2024-07-01 | 64 days | 2,024 sqft |
2024-08-01 | 65 days | 2,034 sqft |
2024-09-01 | 71 days | 2,021 sqft |
Longview's median square footage for active listings during the 2024-09-01 period was 2,021 sqft. One year prior, the average listing was 2,030 sqft.