Longview FHA Loan Rates, Closing Costs & Stats

LONGVIEW, WA

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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 84 lenders originated 427 FHA loans during 2024. The total origination value was $148,245,000, with an average FHA loan value of $347,178.

    Longview FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Longview averaged 6.23% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Longview's average FHA mortgage closing costs are $10,025.

    The average rate for the prior week (2025-03-28) was 6.53% and one month ago for the week of 2025-02-28, the average rate was 6.41%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.74%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 73 6.45% $13,121
    UNITED WHOLESALE MORTGAGE, LLC 32 6.02% $15,863
    V.I.P. MORTGAGE, INC. 29 6.37% $14,049
    S1L, Inc. 22 6.38% $14,477
    QUICKEN LOANS, LLC 15 6.31% $13,638
    NATIONS DIRECT MORTGAGE, LLC 14 5.92% $15,478
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.63% $15,119
    CMG MORTGAGE, INC. 10 6.39% $14,805
    CARDINAL FINANCIAL 8 6.92% $16,536
    MOVEMENT MORTGAGE, LLC 8 6.44% $15,546
    SUMMIT MORTGAGE CORPORATION 7 7.00% $12,178
    FREEDOM MORTGAGE CORPORATION 5 6.40% $12,965
    CANOPY MORTGAGE, LLC 5 6.65% $15,136
    CROSSCOUNTRY MORTGAGE, LLC 5 6.50% $14,117
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.40% $16,891
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 5 6.58% $16,135
    GUARANTEED RATE, INC. 5 6.55% $13,303
    Flagstar Bank, FSB 4 5.95% $9,472
    CORNERSTONE HOME LENDING, INC. 4 6.78% $13,697
    BROKER SOLUTIONS, INC. 4 6.97% $13,808
    PENNYMAC LOAN SERVICES, LLC 4 5.84% $11,711
    LOANDEPOT.COM, LLC 4 5.44% $17,182
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.83% $15,908
    EAGLE HOME MORTGAGE, LLC 3 5.29% $15,428
    PANORAMA MORTGAGE GROUP, LLC 3 6.75% $16,439
    Plains Commerce Bank 3 6.96% $10,398
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.25% $10,940
    Equity Prime Mortgage LLC 3 5.96% $13,366
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.83% $14,446
    UNION HOME MORTGAGE CORP. 3 6.29% $16,079
    HomeStreet Bank 3 6.29% $12,137
    LAKEVIEW LOAN SERVICING, LLC 3 6.38% $8,937
    VILLAGE CAPITAL MORTGAGE 2 7.00% $5,959
    Sunflower Bank 2 7.13% $10,438
    SUMMIT FUNDING, INC. 2 6.88% $15,145
    Sierra Pacific Mortgage Company, Inc. 2 6.75% $14,431
    Prosperity Home Mortgage, LLC 2 5.81% $17,468
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.50% $15,317
    DAS Acquisition Company, LLC 2 5.75% $16,530
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.69% $11,138
    ENVOY MORTGAGE, LTD 2 6.75% $12,657
    DHI MORTGAGE COMPANY, LTD. 2 4.75% $11,224
    PLANET HOME LENDING, LLC 2 5.75% $7,660
    Paramount Residential Mortgage Group, Inc. 2 6.13% $15,527
    BAY EQUITY LLC 2 7.12% $13,232
    NOVA FINANCIAL & INVESTMENT CORPORATION 2 5.94% $16,413
    The Loan Store, Inc. 2 6.63% $13,784
    Willamette Valley Bank 1 6.75% $16,374
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $17,217
    AMERICAN FINANCING CORPORATION 1 5.75% $21,562
    American Mortgage & Equity Consultants, Inc. 1 6.25% $19,786
    AmeriHome Mortgage Company, LLC 1 6.13% $9,477
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $15,196
    Bank of the Pacific 1 5.99% $16,040
    Boeing Employees Credit Union 1 6.25% $12,543
    Carrington Mortgage Services, LLC 1 6.13% $14,942
    Century Mortgage Company DBA Century Lending Company 1 6.25% $9,454
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $20,284
    CITYWIDE HOME LOANS, LLC 1 5.99% $14,995
    Cornerstone First Mortgage, Inc 1 7.13% $14,800
    DIRECTORS MORTGAGE, INC. 1 6.63% $11,669
    First Federal Bank 1 5.75% $10,522
    GENEVA FINANCIAL, LLC 1 5.75% $12,967
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $5,159
    HOMESIDE FINANCIAL, LLC 1 5.75% $15,446
    JPMorgan Chase Bank 1 7.75% $4,672
    Lakeview Community Capital, LLC 1 5.75% $8,003
    LPMC, LLC 1 6.13% $15,920
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.25% $11,930
    MLD MORTGAGE INC. 1 6.13% $21,310
    MORTGAGE EXPRESS, LLC 1 6.63% $13,578
    NFM, INC. 1 6.13% $14,255
    OnPoint Community Credit Union 1 5.75% $6,705
    PLAZA HOME MORTGAGE, INC. 1 6.25% $25,453
    PRIORITY HOME LENDING, LLC 1 6.38% $23,483
    RESIDENTIAL MORTGAGE, LLC 1 7.38% $14,485
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.00% $14,526
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.99% $21,449
    T2 FINANCIAL LLC 1 6.75% $9,910
    TOP FLITE FINANCIAL, INC. 1 6.25% $15,113
    Umpqua Bank 1 6.63% $11,034
    Wallick & Volk, Inc. 1 6.63% $6,470
    Wells Fargo Bank 1 6.25% $13,373
    1st Security Bank of Washington 1 7.25% $9,591

    The top Longview FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 73 FHA loans originated. Their average total fees are $13,121, which is $2,742 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Longview FHA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($13,121), QUICKEN LOANS, LLC ($13,638), V.I.P. MORTGAGE, INC. ($14,049), S1L, Inc. ($14,477) and CMG MORTGAGE, INC. ($14,805).

    The lowest rate Longview FHA lenders (with over 10 loans originated) are NATIONS DIRECT MORTGAGE, LLC (5.92%), UNITED WHOLESALE MORTGAGE, LLC (6.02%), QUICKEN LOANS, LLC (6.31%), V.I.P. MORTGAGE, INC. (6.37%) and S1L, Inc. (6.38%).

    Longview FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LONGVIEW, WA COWLITZ 2022 $420,680 $538,650 $651,050 $809,150
    LONGVIEW, WA COWLITZ 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 $288,950 (17.0%) $443,523 (8.5%) 0.00 215
    2018-02-01 $303,000 (27.9%) $460,395 (9.7%) 0.00 189
    2018-03-01 $298,950 (26.4%) $449,877 (8.8%) 0.00 178
    2018-04-01 $301,350 (11.7%) $400,512 (-3.3%) 0.00 205
    2018-05-01 $299,800 (12.6%) $395,973 (0.6%) 0.00 240
    2018-06-01 $301,700 (5.2%) $389,364 (-4.5%) 0.00 275
    2018-07-01 $299,700 (-3.0%) $375,725 (-11.9%) 0.00 328
    2018-08-01 $299,575 (1.3%) $368,329 (-8.9%) 0.00 347
    2018-09-01 $299,900 (1.7%) $373,699 (-6.9%) 0.00 348
    2018-10-01 $305,000 (8.6%) $379,745 (-4.1%) 0.00 350
    2018-11-01 $299,900 (7.2%) $379,082 (-5.4%) 0.00 337
    2018-12-01 $310,000 (8.8%) $393,355 (-7.3%) 0.00 296
    2019-01-01 $324,275 (12.2%) $404,817 (-8.7%) 0.00 269
    2019-02-01 $317,000 (4.6%) $413,596 (-10.2%) 0.00 231
    2019-03-01 $320,386 (7.2%) $417,262 (-7.3%) 0.00 220
    2019-04-01 $324,336 (7.6%) $419,614 (4.8%) 0.00 223
    2019-05-01 $329,225 (9.8%) $435,232 (9.9%) 0.00 237
    2019-06-01 $329,300 (9.2%) $429,430 (10.3%) 0.00 266
    2019-07-01 $329,350 (9.9%) $420,810 (12.0%) 0.00 283
    2019-08-01 $323,777 (8.1%) $410,521 (11.5%) 0.00 301
    2019-09-01 $315,718 (5.3%) $401,064 (7.3%) 0.00 306
    2019-10-01 $309,225 (1.4%) $394,759 (4.0%) 0.00 308
    2019-11-01 $319,900 (6.7%) $417,257 (10.1%) 0.00 302
    2019-12-01 $302,350 (-2.5%) $431,298 (9.7%) 0.00 257
    2020-01-01 $299,925 (-7.5%) $441,146 (9.0%) 0.00 246
    2020-02-01 $306,500 (-3.3%) $452,425 (9.4%) 0.00 217
    2020-03-01 $305,850 (-4.5%) $461,138 (10.5%) 0.00 207
    2020-04-01 $306,775 (-5.4%) $472,869 (12.7%) 0.00 198
    2020-05-01 $332,400 (1.0%) $473,591 (8.8%) 0.00 198
    2020-06-01 $341,625 (3.7%) $389,967 (-9.2%) 0.00 209
    2020-07-01 $349,255 (6.0%) $401,401 (-4.6%) 0.00 198
    2020-08-01 $354,945 (9.6%) $401,751 (-2.1%) 0.00 218
    2020-09-01 $364,450 (15.4%) $418,005 (4.2%) 0.00 214
    2020-10-01 $359,900 (16.4%) $413,361 (4.7%) 0.00 185
    2020-11-01 $362,425 (13.3%) $410,043 (-1.7%) 0.00 123
    2020-12-01 $353,675 (17.0%) $406,882 (-5.7%) 0.00 95
    2021-01-01 $369,000 (23.0%) $429,419 (-2.7%) 0.00 75
    2021-02-01 $372,400 (21.5%) $450,513 (-0.4%) 0.00 67
    2021-03-01 $378,000 (23.6%) $469,653 (1.9%) 0.00 71
    2021-04-01 $397,450 (29.6%) $550,117 (16.3%) 0.00 80
    2021-05-01 $389,725 (17.3%) $535,294 (13.0%) 0.00 99
    2021-06-01 $404,450 (18.4%) $540,590 (38.6%) 0.00 121
    2021-07-01 $389,000 (11.4%) $481,288 (19.9%) 0.00 128
    2021-08-01 $393,100 (10.8%) $505,859 (25.9%) 0.00 135
    2021-09-01 $411,450 (12.9%) $528,016 (26.3%) 0.00 150
    2021-10-01 $410,450 (14.1%) $521,767 (26.2%) 0.00 150
    2021-11-01 $415,000 (14.5%) $535,273 (30.5%) 0.00 122
    2021-12-01 $414,950 (17.3%) $542,411 (33.3%) 0.00 99
    2022-01-01 $394,500 (6.9%) $562,917 (31.1%) 0.00 84
    2022-02-01 $387,475 (4.1%) $539,204 (19.7%) 0.00 83
    2022-03-01 $458,475 (21.3%) $609,717 (29.8%) 0.00 101
    2022-04-01 $455,000 (14.5%) $612,534 (11.4%) 0.00 113
    2022-05-01 $456,225 (17.1%) $580,416 (8.4%) 0.00 142
    2022-06-01 $467,000 (15.5%) $581,657 (7.6%) 0.00 195
    2022-07-01 $475,000 (22.1%) $549,127 (14.1%) 0.00 246
    2022-08-01 $479,200 (21.9%) $550,221 (8.8%) 0.00 273
    2022-09-01 $465,725 (13.2%) $553,465 (4.8%) 0.00 262
    2022-10-01 $475,000 (15.7%) $562,898 (7.9%) 0.00 263
    2022-11-01 $472,500 (13.9%) $551,558 (3.0%) 0.00 280
    2022-12-01 $487,000 (17.4%) $567,022 (4.5%) 0.00 252
    2023-01-01 $504,875 (28.0%) $579,264 (2.9%) 0.00 225
    2023-02-01 $561,931 (45.0%) $612,539 (13.6%) 0.00 210
    2023-03-01 $566,220 (23.5%) $621,455 (1.9%) 0.00 181
    2023-04-01 $564,995 (24.2%) $639,937 (4.5%) 0.00 162
    2023-05-01 $569,975 (24.9%) $638,743 (10.1%) 0.00 181
    2023-06-01 $569,750 (22.0%) $632,098 (8.7%) 0.00 187
    2023-07-01 $524,000 (10.3%) $616,609 (12.3%) 0.00 214
    2023-08-01 $522,100 (9.0%) $606,103 (10.2%) 0.00 233
    2023-09-01 $499,900 (7.3%) $584,254 (5.6%) 0.00 263
    2023-10-01 $495,000 (4.2%) $569,010 (1.1%) 0.00 261
    2023-11-01 $484,250 (2.5%) $545,157 (-1.2%) 0.00 262
    2023-12-01 $479,500 (-1.5%) $546,903 (-3.6%) 0.00 231
    2024-01-01 $479,350 (-5.1%) $536,738 (-7.3%) 0.00 220
    2024-02-01 $481,950 (-14.2%) $559,264 (-8.7%) 0.00 203
    2024-03-01 $480,000 (-15.2%) $558,148 (-10.2%) 0.00 200
    2024-04-01 $514,450 (-9.0%) $589,371 (-7.9%) 0.00 188
    2024-05-01 $536,975 (-5.8%) $618,860 (-3.1%) 0.00 243
    2024-06-01 $549,450 (-3.6%) $638,127 (1.0%) 0.00 246
    2024-07-01 $541,675 (3.4%) $638,514 (3.6%) 0.00 291
    2024-08-01 $524,900 (0.5%) $599,801 (-1.0%) 0.00 307
    2024-09-01 $499,450 (-0.1%) $574,246 (-1.7%) 0.00 317
    2024-10-01 $499,900 (1.0%) $603,713 (6.1%) 0.00 321
    2024-11-01 $500,000 (3.3%) $599,651 (10.0%) 0.00 330
    2024-12-01 $494,450 (3.1%) $587,165 (7.4%) 0.00 310
    2025-01-01 $468,500 (-2.3%) $578,032 (7.7%) 0.00 277
    2025-02-01 $449,450 (-6.7%) $564,494 (0.9%) 0.00 260
    2025-03-01 $450,000 (-6.3%) $574,495 (2.9%) 0.00 272
    Longview's median listing price for 2025-03-01 was $450,000, a difference of $-30,000 (-6.3%) versus the prior year and $550 versus the prior month.

    Longview's median listing price comes in at 0% of the national average.

    Longview's average listing price for 2025-03-01 was $574,495, a difference of $16,347 (2.9%) versus the prior year and $10,001 versus the prior month.

    For the 2025-03-01 period, Longview had 272 MLS listings, a difference of 12 listings (5%) versus the prior month and 72 listings (36%) 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 0 days 1,976 sqft
    2018-02-01 0 days 2,064 sqft
    2018-03-01 0 days 2,048 sqft
    2018-04-01 0 days 1,932 sqft
    2018-05-01 0 days 1,895 sqft
    2018-06-01 0 days 1,912 sqft
    2018-07-01 0 days 1,846 sqft
    2018-08-01 0 days 1,847 sqft
    2018-09-01 0 days 1,875 sqft
    2018-10-01 0 days 1,795 sqft
    2018-11-01 0 days 1,811 sqft
    2018-12-01 0 days 1,872 sqft
    2019-01-01 0 days 1,869 sqft
    2019-02-01 0 days 1,862 sqft
    2019-03-01 0 days 1,864 sqft
    2019-04-01 0 days 1,867 sqft
    2019-05-01 0 days 1,926 sqft
    2019-06-01 0 days 1,888 sqft
    2019-07-01 0 days 1,933 sqft
    2019-08-01 0 days 1,894 sqft
    2019-09-01 0 days 1,846 sqft
    2019-10-01 0 days 1,801 sqft
    2019-11-01 0 days 1,812 sqft
    2019-12-01 0 days 1,751 sqft
    2020-01-01 0 days 1,742 sqft
    2020-02-01 0 days 1,656 sqft
    2020-03-01 0 days 1,668 sqft
    2020-04-01 0 days 1,744 sqft
    2020-05-01 0 days 1,782 sqft
    2020-06-01 0 days 1,787 sqft
    2020-07-01 0 days 1,843 sqft
    2020-08-01 0 days 1,920 sqft
    2020-09-01 0 days 1,833 sqft
    2020-10-01 0 days 1,786 sqft
    2020-11-01 0 days 1,802 sqft
    2020-12-01 0 days 1,687 sqft
    2021-01-01 0 days 1,750 sqft
    2021-02-01 0 days 1,707 sqft
    2021-03-01 0 days 1,670 sqft
    2021-04-01 0 days 1,978 sqft
    2021-05-01 0 days 1,762 sqft
    2021-06-01 0 days 1,800 sqft
    2021-07-01 0 days 1,809 sqft
    2021-08-01 0 days 1,797 sqft
    2021-09-01 0 days 1,950 sqft
    2021-10-01 0 days 1,783 sqft
    2021-11-01 0 days 1,864 sqft
    2021-12-01 0 days 1,871 sqft
    2022-01-01 0 days 1,703 sqft
    2022-02-01 0 days 1,636 sqft
    2022-03-01 0 days 1,812 sqft
    2022-04-01 0 days 1,818 sqft
    2022-05-01 0 days 1,813 sqft
    2022-06-01 0 days 1,803 sqft
    2022-07-01 0 days 1,812 sqft
    2022-08-01 0 days 1,836 sqft
    2022-09-01 0 days 1,832 sqft
    2022-10-01 0 days 1,869 sqft
    2022-11-01 0 days 1,938 sqft
    2022-12-01 0 days 2,024 sqft
    2023-01-01 0 days 2,044 sqft
    2023-02-01 0 days 2,102 sqft
    2023-03-01 0 days 2,170 sqft
    2023-04-01 0 days 2,191 sqft
    2023-05-01 0 days 2,147 sqft
    2023-06-01 0 days 2,119 sqft
    2023-07-01 0 days 2,021 sqft
    2023-08-01 0 days 2,088 sqft
    2023-09-01 0 days 1,996 sqft
    2023-10-01 0 days 2,002 sqft
    2023-11-01 0 days 1,967 sqft
    2023-12-01 0 days 1,912 sqft
    2024-01-01 0 days 1,876 sqft
    2024-02-01 0 days 1,822 sqft
    2024-03-01 0 days 1,822 sqft
    2024-04-01 0 days 1,897 sqft
    2024-05-01 0 days 2,049 sqft
    2024-06-01 0 days 2,100 sqft
    2024-07-01 0 days 2,011 sqft
    2024-08-01 0 days 1,960 sqft
    2024-09-01 0 days 1,888 sqft
    2024-10-01 0 days 1,849 sqft
    2024-11-01 0 days 1,940 sqft
    2024-12-01 0 days 1,839 sqft
    2025-01-01 0 days 1,783 sqft
    2025-02-01 0 days 1,652 sqft
    2025-03-01 0 days 1,660 sqft
    Longview's median listing age (time on market) for 2025-03-01 was 0 days.

    Longview's median square footage for active listings during the 2025-03-01 period was 1,660 sqft. One year prior, the average listing was 1,822 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).