Longview FHA Loan Rates, Closing Costs & Stats

LONGVIEW, WA

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 74 lenders originated 390 FHA loans during 2023. The total origination value was $129,770,000, with an average FHA loan value of $332,744.

Longview FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Longview averaged 7.03% for the week of 2024-05-10, compared to the national average (all FHA variants) of 6.786% for the same period.

Longview's average FHA mortgage closing costs are $9,597.

The average rate for the prior week (2024-05-03) was 6.92% and one month ago for the week of 2024-04-05, the average rate was 6.61%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.79%.

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 51 7.11% $13,860
MANN FINANCIAL INC. 34 6.81% $14,896
UNITED WHOLESALE MORTGAGE, LLC 25 6.11% $13,294
QUICKEN LOANS, LLC 19 6.27% $13,811
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 7.04% $13,079
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 12 6.50% $15,119
AMERICAN PACIFIC MORTGAGE CORPORATION 11 7.35% $13,708
S1L, Inc. 11 7.58% $13,293
V.I.P. MORTGAGE, INC. 9 7.08% $13,620
MOVEMENT MORTGAGE, LLC 8 6.56% $14,247
CARDINAL FINANCIAL 7 7.38% $14,193
CMG MORTGAGE, INC. 7 6.78% $13,607
DHI MORTGAGE COMPANY, LTD. 7 5.66% $11,128
CROSSCOUNTRY MORTGAGE, LLC 6 6.62% $13,679
PENNYMAC LOAN SERVICES, LLC 5 6.08% $13,860
AMERISAVE MORTGAGE CORPORATION 5 5.83% $15,125
ACADEMY MORTGAGE CORPORATION 5 6.00% $17,147
BAY EQUITY LLC 5 6.75% $13,813
CANOPY MORTGAGE, LLC 5 6.50% $16,152
Paramount Residential Mortgage Group, Inc. 4 7.19% $15,060
Loan Simple, Inc. 4 7.09% $16,288
MASON MCDUFFIE MORTGAGE CORPORATION 4 6.62% $11,175
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.97% $13,688
GUARANTEED RATE, INC. 4 6.31% $13,395
NATIONS DIRECT MORTGAGE, LLC 4 6.03% $15,967
SUMMIT MORTGAGE CORPORATION 4 7.72% $13,287
RESIDENTIAL MORTGAGE, LLC 3 6.91% $13,378
NFM, INC. 3 7.04% $15,650
Nations Lending Corporation 3 6.46% $14,946
PLANET HOME LENDING, LLC 3 6.25% $10,251
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.42% $18,842
Mr. Cooper ( Nationstar Mortgage ) 3 6.33% $20,648
CHURCHILL MORTGAGE CORPORATION 2 5.75% $11,910
AXIA FINANCIAL, LLC 2 7.06% $14,025
CORNERSTONE HOME LENDING, INC. 2 7.06% $19,012
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.25% $9,371
FIRST CENTENNIAL MORTGAGE CORPORATION 2 7.31% $10,393
Flagstar Bank, FSB 2 6.25% $15,662
HomeStreet Bank 2 6.13% $13,937
NEWREZ LLC 2 7.56% $12,868
UNION HOME MORTGAGE CORP. 2 6.63% $11,733
LEADERONE FINANCIAL CORPORATION 1 5.75% $18,108
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.99% $11,521
MLD MORTGAGE INC. 1 6.50% $18,654
MORTGAGE EXPRESS, LLC 1 5.25% $16,917
GENEVA FINANCIAL, LLC 1 6.25% $8,114
ENVOY MORTGAGE, LTD 1 6.25% $13,191
EAGLE HOME MORTGAGE, LLC 1 6.25% $11,981
Cornerstone First Mortgage, Inc 1 6.00% $19,245
CITYWIDE HOME LOANS, LLC 1 5.75% $15,858
NBKC BANK 1 6.50% $7,697
NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $9,814
Willamette Valley Bank 1 7.38% $16,653
1st Security Bank of Washington 1 5.75% $11,059
ON Q FINANCIAL, INC. 1 7.25% $13,428
PANORAMA MORTGAGE GROUP, LLC 1 6.13% $14,775
Century Mortgage Company DBA Century Lending Company 1 5.50% $15,851
CALIBER HOME LOANS, INC. 1 7.63% $15,813
BROKER SOLUTIONS, INC. 1 6.75% $11,694
PLAZA HOME MORTGAGE, INC. 1 5.75% $17,054
PREMIA MORTGAGE, LLC 1 6.25% $9,157
Banner Bank 1 6.00% $12,292
Bank of the Pacific 1 6.50% $14,953
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $8,829
ARC HOME LLC 1 6.50% $16,030
SUMMIT FUNDING, INC. 1 6.25% $17,038
AmeriHome Mortgage Company, LLC 1 5.25% $17,415
T2 FINANCIAL LLC 1 7.13% $9,256
The Federal Savings Bank 1 6.63% $24,773
ZILLOW HOME LOANS, LLC 1 6.50% $10,395
American Mortgage & Equity Consultants, Inc. 1 7.50% $16,357
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $11,453
LOANDEPOT.COM, LLC 1 6.99% $10,834
LPMC, LLC 1 7.00% $15,864

The top Longview FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 51 FHA loans originated. Their average total fees are $13,860, which is $1,037 lower than the next largest lender, MANN FINANCIAL INC..

The lowest fee Longview FHA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($13,079), S1L, Inc. ($13,293), UNITED WHOLESALE MORTGAGE, LLC ($13,294), AMERICAN PACIFIC MORTGAGE CORPORATION ($13,708) and QUICKEN LOANS, LLC ($13,811).

The lowest rate Longview FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.11%), QUICKEN LOANS, LLC (6.27%), EVERGREEN MONEYSOURCE MORTGAGE COMPANY (6.50%), MANN FINANCIAL INC. (6.81%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.04%).

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 $389,450 (17.2%) $533,582 (12.7%) 0.00 99
2021-06-01 $404,450 (18.4%) $539,778 (38.4%) 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 (17.2%) $580,416 (8.8%) 0.00 142
2022-06-01 $467,000 (15.5%) $581,657 (7.8%) 0.00 195
2022-07-01 $475,000 (22.1%) $549,292 (14.1%) 0.00 246
2022-08-01 $479,450 (22.0%) $550,369 (8.8%) 0.00 274
2022-09-01 $467,225 (13.6%) $553,607 (4.9%) 0.00 263
2022-10-01 $475,000 (15.7%) $563,010 (7.9%) 0.00 264
2022-11-01 $473,725 (14.2%) $551,706 (3.1%) 0.00 281
2022-12-01 $489,000 (17.9%) $567,127 (4.6%) 0.00 252
2023-01-01 $509,750 (29.2%) $579,331 (2.9%) 0.00 226
2023-02-01 $564,275 (45.6%) $612,462 (13.6%) 0.00 211
2023-03-01 $567,448 (23.8%) $621,321 (1.9%) 0.00 182
2023-04-01 $565,000 (24.2%) $639,691 (4.4%) 0.00 163
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 (8.9%) $606,103 (10.1%) 0.00 233
2023-09-01 $499,900 (7.0%) $583,008 (5.3%) 0.00 264
2023-10-01 $495,000 (4.2%) $567,797 (0.9%) 0.00 262
2023-11-01 $484,250 (2.2%) $544,043 (-1.4%) 0.00 263
2023-12-01 $479,500 (-1.9%) $545,726 (-3.8%) 0.00 232
2024-01-01 $478,250 (-6.2%) $535,403 (-7.6%) 0.00 221
2024-02-01 $480,700 (-14.8%) $557,759 (-8.9%) 0.00 204
2024-03-01 $479,950 (-15.4%) $556,711 (-10.4%) 0.00 201
2024-04-01 $512,725 (-9.3%) $587,686 (-8.1%) 0.00 189
Longview's median listing price for 2024-04-01 was $512,725, a difference of $-52,275 (-9.3%) versus the prior year and $32,775 versus the prior month.

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

Longview's average listing price for 2024-04-01 was $587,686, a difference of $-52,005 (-8.1%) versus the prior year and $30,975 versus the prior month.

For the 2024-04-01 period, Longview had 189 MLS listings, a difference of -12 listings (-6%) versus the prior month and 26 listings (16%) 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 1,768 sqft
2021-06-01 0 days 1,806 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 1,833 sqft
2022-09-01 0 days 1,826 sqft
2022-10-01 0 days 1,861 sqft
2022-11-01 0 days 1,934 sqft
2022-12-01 0 days 2,023 sqft
2023-01-01 0 days 2,043 sqft
2023-02-01 0 days 2,094 sqft
2023-03-01 0 days 2,141 sqft
2023-04-01 0 days 2,187 sqft
2023-05-01 0 days 2,145 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 1,993 sqft
2023-10-01 0 days 2,001 sqft
2023-11-01 0 days 1,966 sqft
2023-12-01 0 days 1,911 sqft
2024-01-01 0 days 1,869 sqft
2024-02-01 0 days 1,818 sqft
2024-03-01 0 days 1,820 sqft
2024-04-01 0 days 1,893 sqft
Longview's median listing age (time on market) for 2024-04-01 was 0 days.

Longview's median square footage for active listings during the 2024-04-01 period was 1,893 sqft. One year prior, the average listing was 2,187 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).