Longview FHA Loan Rates, Closing Costs & Stats

LONGVIEW, TX

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    • 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 -0.02% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

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

    The average rate for the prior week (2023-11-17) was 7.08% and one month ago for the week of 2023-10-20, the average rate was 7.28%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.21%.

    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 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 Bank 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 (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 $196,000 (9.0%) $268,533 (9.8%) 0.64 1,201
    2019-04-01 $199,125 (9.9%) $270,881 (9.7%) 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 $199,900 (3.1%) $267,245 (4.5%) 0.63 1,214
    2019-09-01 $199,900 (5.3%) $266,420 (4.2%) 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 (1.9%) 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 (1.7%) $270,053 (0.6%) 0.62 832
    2020-04-01 $197,225 (-1.0%) $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 (8.2%) 0.63 715
    2020-07-01 $224,888 (12.5%) $298,866 (11.8%) 0.65 658
    2020-08-01 $223,250 (11.7%) $303,358 (13.5%) 0.64 640
    2020-09-01 $229,900 (15.0%) $315,718 (18.5%) 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 $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%) 0.67 443
    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
    2023-05-01 $306,725 (11.1%) $384,584 (-5.5%) 0.69 497
    2023-06-01 $299,000 (-0.9%) $381,944 (-6.3%) 0.67 556
    2023-07-01 $312,000 (4.4%) $395,713 (-0.7%) 0.71 611
    2023-08-01 $314,370 (5.5%) $404,241 (2.2%) 0.72 670
    2023-09-01 $299,000 (0.3%) $389,531 (-0.3%) 0.70 707
    2023-10-01 $299,900 (0.0%) $392,561 (-0.5%) 0.71 744
    Longview's median listing price for 2023-10-01 was $299,900, a difference of $-99 (0.0%) versus the prior year and $900 versus the prior month.

    Longview's median listing price comes in at 71% of the national average.

    Longview's average listing price for 2023-10-01 was $392,561, a difference of $-1,997 (-0.5%) versus the prior year and $3,030 versus the prior month.

    For the 2023-10-01 period, Longview had 744 MLS listings, a difference of 37 listings (5%) versus the prior month and 190 listings (34%) 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
    2018-01-01 110 days 2,015 sqft
    2018-02-01 106 days 1,973 sqft
    2018-03-01 93 days 1,994 sqft
    2018-04-01 72 days 2,029 sqft
    2018-05-01 66 days 2,024 sqft
    2018-06-01 67 days 2,046 sqft
    2018-07-01 68 days 2,036 sqft
    2018-08-01 71 days 2,032 sqft
    2018-09-01 81 days 2,021 sqft
    2018-10-01 88 days 2,031 sqft
    2018-11-01 89 days 2,041 sqft
    2018-12-01 90 days 2,017 sqft
    2019-01-01 97 days 2,026 sqft
    2019-02-01 95 days 2,058 sqft
    2019-03-01 83 days 2,073 sqft
    2019-04-01 70 days 2,087 sqft
    2019-05-01 64 days 2,074 sqft
    2019-06-01 62 days 2,057 sqft
    2019-07-01 61 days 2,051 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 2,048 sqft
    2021-04-01 37 days 2,044 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 2,114 sqft
    2022-08-01 38 days 2,097 sqft
    2022-09-01 46 days 2,103 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 2,074 sqft
    2023-06-01 46 days 2,018 sqft
    2023-07-01 48 days 2,041 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
    Longview's median listing age (time on market) for 2023-10-01 was 65 days. This is 19% longer than the same period one year ago.

    Longview's median square footage for active listings during the 2023-10-01 period was 2,044 sqft. One year prior, the average listing was 2,078 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).