Longview USDA Loans
LONGVIEW, TX
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Longview's 33 lenders originated 87 USDA loans during 2021. The total origination value was $14,515,000, with an average USDA loan value of $166,839.
Longview USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Longview
averaged
5.42%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.75% and
one month ago for the week of 2022-04-08, the
average rate was 5.12%.
The average rate one year ago was 3.33%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.17%.
Longview USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Longview level.
The top Longview USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
13 USDA loans originated. Their average total fees are
$7,213, which is $726
higher than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Longview USDA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,487), GUILD MORTGAGE COMPANY ($7,213), .
The lowest rate Longview USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY (3.24%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.27%), .
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 | $185,750 (8.3%) | $252,185 (8.2%) | 0.68 | 1,349 |
2018-02-01 | $182,500 (4.3%) | $248,431 (5.3%) | 0.66 | 1,355 |
2018-03-01 | $185,000 (5.7%) | $251,878 (7.1%) | 0.64 | 1,317 |
2018-04-01 | $188,990 (5.9%) | $252,370 (5.8%) | 0.63 | 1,314 |
2018-05-01 | $189,450 (5.3%) | $249,336 (7.4%) | 0.63 | 1,324 |
2018-06-01 | $195,000 (7.7%) | $263,352 (13.2%) | 0.65 | 1,340 |
2018-07-01 | $199,250 (8.9%) | $265,393 (11.8%) | 0.66 | 1,358 |
2018-08-01 | $195,950 (6.0%) | $263,297 (9.6%) | 0.65 | 1,312 |
2018-09-01 | $190,000 (2.8%) | $261,618 (7.8%) | 0.64 | 1,281 |
2018-10-01 | $194,900 (5.5%) | $265,873 (9.4%) | 0.65 | 1,259 |
2018-11-01 | $195,000 (5.3%) | $271,773 (8.4%) | 0.65 | 1,227 |
2018-12-01 | $191,000 (1.1%) | $273,100 (8.0%) | 0.65 | 1,170 |
2019-01-01 | $194,000 (4.4%) | $272,595 (8.1%) | 0.67 | 1,104 |
2019-02-01 | $198,400 (8.7%) | $274,493 (10.5%) | 0.66 | 1,138 |
2019-03-01 | $198,800 (7.5%) | $279,055 (10.8%) | 0.65 | 1,172 |
2019-04-01 | $200,000 (5.8%) | $282,261 (11.8%) | 0.63 | 1,215 |
2019-05-01 | $199,900 (5.5%) | $284,875 (14.3%) | 0.62 | 1,202 |
2019-06-01 | $199,900 (2.5%) | $285,521 (8.4%) | 0.62 | 1,161 |
2019-07-01 | $199,900 (0.3%) | $275,633 (3.9%) | 0.62 | 1,159 |
2019-08-01 | $202,814 (3.5%) | $277,674 (5.5%) | 0.64 | 1,153 |
2019-09-01 | $199,700 (5.1%) | $277,360 (6.0%) | 0.63 | 1,121 |
2019-10-01 | $199,000 (2.1%) | $274,467 (3.2%) | 0.63 | 1,110 |
2019-11-01 | $198,900 (2.0%) | $273,257 (0.6%) | 0.64 | 1,047 |
2019-12-01 | $196,450 (2.9%) | $266,468 (-2.4%) | 0.65 | 953 |
2020-01-01 | $196,200 (1.1%) | $271,699 (-0.3%) | 0.65 | 867 |
2020-02-01 | $199,000 (0.3%) | $279,570 (1.9%) | 0.64 | 842 |
2020-03-01 | $202,450 (1.8%) | $288,345 (3.3%) | 0.63 | 829 |
2020-04-01 | $200,000 (0.0%) | $289,756 (2.7%) | 0.62 | 824 |
2020-05-01 | $209,500 (4.8%) | $298,726 (4.9%) | 0.63 | 791 |
2020-06-01 | $227,450 (13.8%) | $314,225 (10.1%) | 0.66 | 708 |
2020-07-01 | $232,500 (16.3%) | $318,858 (15.7%) | 0.67 | 650 |
2020-08-01 | $229,000 (12.9%) | $328,015 (18.1%) | 0.65 | 634 |
2020-09-01 | $240,950 (20.7%) | $349,171 (25.9%) | 0.69 | 615 |
2020-10-01 | $230,000 (15.6%) | $345,884 (26.0%) | 0.66 | 552 |
2020-11-01 | $235,000 (18.2%) | $349,250 (27.8%) | 0.67 | 520 |
2020-12-01 | $226,250 (15.2%) | $351,051 (31.7%) | 0.66 | 488 |
2021-01-01 | $224,900 (14.6%) | $353,838 (30.2%) | 0.66 | 448 |
2021-02-01 | $217,200 (9.2%) | $358,485 (28.2%) | 0.62 | 371 |
2021-03-01 | $224,900 (11.1%) | $370,942 (28.6%) | 0.63 | 328 |
2021-04-01 | $232,450 (16.2%) | $372,198 (28.5%) | 0.62 | 327 |
2021-05-01 | $245,000 (17.0%) | $384,735 (28.8%) | 0.64 | 270 |
2021-06-01 | $254,860 (12.1%) | $418,817 (33.3%) | 0.66 | 308 |
2021-07-01 | $277,452 (19.3%) | $402,860 (26.3%) | 0.72 | 382 |
2021-08-01 | $270,500 (18.1%) | $392,589 (19.7%) | 0.71 | 419 |
2021-09-01 | $280,000 (16.2%) | $410,238 (17.5%) | 0.74 | 406 |
2021-10-01 | $286,450 (24.5%) | $415,499 (20.1%) | 0.75 | 357 |
2021-11-01 | $266,000 (13.2%) | $401,596 (15.0%) | 0.70 | 374 |
2021-12-01 | $264,950 (17.1%) | $406,834 (15.9%) | 0.71 | 357 |
2022-01-01 | $259,900 (15.6%) | $405,224 (14.5%) | 0.69 | 307 |
2022-02-01 | $268,400 (23.6%) | $441,674 (23.2%) | 0.68 | 283 |
2022-03-01 | $284,950 (26.7%) | $451,203 (21.6%) | 0.70 | 281 |
2022-04-01 | $289,500 (24.5%) | $404,431 (8.7%) | 0.68 | 268 |
Longview's median listing price comes in at 68% of the national average.
Longview's average listing price for 2022-04-01 was $404,431, a difference of $32,233 (8.7%) versus the prior year and $-46,772 versus the prior month.
For the 2022-04-01 period, Longview had 268 MLS listings, a difference of -13 listings (-5%) versus the prior month and -59 listings (-18%) 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 | 117 days | 2,062 sqft |
2018-02-01 | 115 days | 2,034 sqft |
2018-03-01 | 103 days | 2,049 sqft |
2018-04-01 | 83 days | 2,062 sqft |
2018-05-01 | 75 days | 2,057 sqft |
2018-06-01 | 75 days | 2,100 sqft |
2018-07-01 | 79 days | 2,087 sqft |
2018-08-01 | 79 days | 2,071 sqft |
2018-09-01 | 89 days | 2,064 sqft |
2018-10-01 | 93 days | 2,072 sqft |
2018-11-01 | 96 days | 2,087 sqft |
2018-12-01 | 100 days | 2,064 sqft |
2019-01-01 | 105 days | 2,068 sqft |
2019-02-01 | 101 days | 2,088 sqft |
2019-03-01 | 87 days | 2,116 sqft |
2019-04-01 | 72 days | 2,144 sqft |
2019-05-01 | 74 days | 2,113 sqft |
2019-06-01 | 71 days | 2,100 sqft |
2019-07-01 | 70 days | 2,100 sqft |
2019-08-01 | 72 days | 2,103 sqft |
2019-09-01 | 75 days | 2,107 sqft |
2019-10-01 | 78 days | 2,128 sqft |
2019-11-01 | 78 days | 2,118 sqft |
2019-12-01 | 84 days | 2,099 sqft |
2020-01-01 | 96 days | 2,099 sqft |
2020-02-01 | 93 days | 2,097 sqft |
2020-03-01 | 69 days | 2,101 sqft |
2020-04-01 | 71 days | 2,100 sqft |
2020-05-01 | 75 days | 2,106 sqft |
2020-06-01 | 85 days | 2,226 sqft |
2020-07-01 | 72 days | 2,225 sqft |
2020-08-01 | 67 days | 2,208 sqft |
2020-09-01 | 64 days | 2,218 sqft |
2020-10-01 | 65 days | 2,172 sqft |
2020-11-01 | 70 days | 2,190 sqft |
2020-12-01 | 66 days | 2,139 sqft |
2021-01-01 | 67 days | 2,097 sqft |
2021-02-01 | 90 days | 2,141 sqft |
2021-03-01 | 80 days | 2,158 sqft |
2021-04-01 | 36 days | 2,155 sqft |
2021-05-01 | 43 days | 2,078 sqft |
2021-06-01 | 37 days | 2,240 sqft |
2021-07-01 | 35 days | 2,236 sqft |
2021-08-01 | 37 days | 2,049 sqft |
2021-09-01 | 44 days | 2,117 sqft |
2021-10-01 | 50 days | 2,091 sqft |
2021-11-01 | 48 days | 2,089 sqft |
2021-12-01 | 49 days | 2,021 sqft |
2022-01-01 | 62 days | 1,997 sqft |
2022-02-01 | 50 days | 1,976 sqft |
2022-03-01 | 38 days | 2,126 sqft |
2022-04-01 | 40 days | 2,116 sqft |
Longview's median square footage for active listings during the 2022-04-01 period was 2,116 sqft. One year prior, the average listing was 2,155 sqft.