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
-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%.
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
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. LouisDate | 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 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. LouisDate | 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 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.