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 6.98% for the week of 2024-05-17, compared to the national average (all FHA variants) of 6.744% for the same period.

Longview's average FHA mortgage closing costs are $7,932.

The average rate for the prior week (2024-05-10) was 6.72% and one month ago for the week of 2024-04-12, the average rate was 6.99%.

The average rate one year ago was 6.74%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.35%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 78 6.82% $10,838
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 60 7.06% $11,481
UNITED WHOLESALE MORTGAGE, LLC 49 6.63% $11,885
INTERLINC MORTGAGE SERVICES, LLC 32 6.83% $8,879
MORTGAGE FINANCIAL SERVICES, LLC 25 6.98% $10,321
QUICKEN LOANS, LLC 24 6.40% $11,965
UNION HOME MORTGAGE CORP. 15 7.19% $8,650
EVERETT FINANCIAL, INC. 15 7.13% $9,007
T2 FINANCIAL LLC 11 7.03% $11,522
Equity Prime Mortgage LLC 9 6.92% $9,559
SUN WEST MORTGAGE COMPANY, INC. 8 7.02% $12,607
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 7 7.07% $12,166
GUARANTEED RATE, INC. 7 6.63% $11,792
SFMC, LP 6 7.08% $10,675
MANN FINANCIAL INC. 6 7.29% $8,330
BancorpSouth 6 6.77% $10,798
CARDINAL FINANCIAL 6 6.08% $11,127
NEWREZ LLC 6 6.83% $9,463
AMCAP MORTGAGE, LTD. 5 6.93% $9,660
PLAZA HOME MORTGAGE, INC. 5 7.05% $10,747
PLANET HOME LENDING, LLC 5 6.70% $11,193
CALCON MUTUAL MORTGAGE LLC 5 6.99% $13,214
AMERICAN FINANCIAL NETWORK, INC. 4 7.28% $11,954
Guaranty Bank & Trust, N.A. 3 6.38% $10,984
HALLMARK HOME MORTGAGE, LLC 3 7.00% $15,010
BROKER SOLUTIONS, INC. 3 6.88% $13,627
CMG MORTGAGE, INC. 3 7.21% $10,978
Prosperity Home Mortgage, LLC 3 6.38% $10,084
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 7.38% $11,771
AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.08% $12,497
EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.75% $10,312
Plains Commerce Bank 3 6.83% $10,803
Paramount Residential Mortgage Group, Inc. 3 6.92% $9,519
Mortgage Research Center, LLC 3 7.00% $8,038
MID AMERICA MORTGAGE, INC. 3 7.42% $6,436
Loan Simple, Inc. 3 7.38% $13,666
GSF Mortgage Corporation 3 6.92% $18,402
LOANDEPOT.COM, LLC 2 7.13% $15,113
AMERISAVE MORTGAGE CORPORATION 2 6.25% $14,935
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.88% $11,007
DRAPER AND KRAMER MORTGAGE CORP. 2 6.63% $11,195
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.68% $14,807
MOVEMENT MORTGAGE, LLC 2 7.25% $12,250
S1L, Inc. 2 7.44% $10,372
STOCKTON MORTGAGE CORPORATION 2 6.50% $11,566
Texas Mortgage Lending, LLC 2 6.38% $13,033
TIB The Independent Bankersbank 2 6.44% $12,403
VILLAGE CAPITAL MORTGAGE 2 6.75% $2,689
FREEDOM MORTGAGE CORPORATION 1 5.63% $12,047
MLB RESIDENTIAL LENDING, LLC 1 5.75% $9,870
FLAT BRANCH MORTGAGE, INC. 1 7.25% $12,680
Flagstar Bank, FSB 1 7.75% $8,569
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $10,744
MOUNTAIN WEST FINANCIAL, INC. 1 6.00% $7,554
Assurance Financial Group, L.L.C. 1 6.75% $12,105
Mr. Cooper ( Nationstar Mortgage ) 1 7.25% $22,882
NATIONS DIRECT MORTGAGE, LLC 1 7.25% $11,322
Nations Lending Corporation 1 6.75% $12,175
Network Funding, L.P. 1 5.88% $9,620
FirstTrust Home Loans, Inc. 1 8.13% $17,078
Northpointe Bank 1 6.75% $10,481
OCMBC, INC. 1 7.75% $13,764
OPEN MORTGAGE, LLC 1 7.13% $9,853
Origin Bank 1 7.25% $15,287
First Federal Bank 1 5.63% $13,007
PENNYMAC LOAN SERVICES, LLC 1 7.00% $5,123
Farmers Bank & Trust Company 1 6.75% $9,666
Encompass Lending Group, LP 1 6.63% $6,371
EASTMAN 1 6.50% $9,357
DIRECT MORTGAGE, CORP. 1 4.88% $18,592
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $11,990
CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $20,497
Colonial Savings, F.A. 1 6.50% $12,602
RB MORTGAGE LLC 1 7.13% $11,250
Regions Bank 1 6.25% $14,569
Republic State Mortgage Co. 1 6.13% $9,679
VAN DYK MORTGAGE CORPORATION 1 6.63% $5,068
CHURCHILL MORTGAGE CORPORATION 1 8.13% $14,043
WILLOW BEND MORTGAGE COMPANY, LLC 1 6.13% $8,216
SUCCESS MORTGAGE PARTNERS, INC. 1 7.00% $7,411
CASTLE & COOKE MORTGAGE, LLC 1 6.75% $11,775
BARKSDALE 1 6.38% $14,891
Waterstone Mortgage Corporation 1 8.00% $12,306
Wells Fargo Bank 1 6.63% $7,271
Bank of America 1 6.50% $12,815
INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 6.25% $13,627
JPMorgan Chase Bank 1 6.49% $9,438
Keystone Funding, Inc. 1 6.88% $15,671
ALTRA 1 6.13% $5,962
GENEVA FINANCIAL, LLC 1 7.13% $8,475
Gateway First Bank 1 6.88% $9,157

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. Louis
Date 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
Longview's median listing price for 2024-04-01 was $310,000, a difference of $10,100 (3.4%) versus the prior year and $4,500 versus the prior month.

Longview's median listing price comes in at 72% of the national average.

Longview's average listing price for 2024-04-01 was $383,997, a difference of $-19,086 (-4.7%) versus the prior year and $4,644 versus the prior month.

For the 2024-04-01 period, Longview had 817 MLS listings, a difference of 29 listings (4%) versus the prior month and 342 listings (72%) 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 2,016 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
Longview's median listing age (time on market) for 2024-04-01 was 55 days. This is 20% longer than the same period one year ago.

Longview's median square footage for active listings during the 2024-04-01 period was 2,056 sqft. One year prior, the average listing was 2,064 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).