Longview USDA Loan Rates, Closing Costs & Stats

LONGVIEW, TX

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    • 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 16 lenders originated 22 USDA loans during 2023. The total origination value was $3,580,000, with an average USDA loan value of $162,727.

    Longview USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Longview averaged 6.43% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Longview's average USDA mortgage closing costs are $5,709.

    The average rate for the prior week (2024-12-06) was 6.26% and one month ago for the week of 2024-11-08, the average rate was 6.58%.

    The average rate one year ago was 7.05%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.19%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Longview USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 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 5 6.80% $7,704
    UNITED WHOLESALE MORTGAGE, LLC 2 7.12% $8,554
    CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $8,438
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $7,592
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.13% $6,242
    EVERETT FINANCIAL, INC. 1 7.63% $7,147
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $8,756
    Guaranty Bank & Trust, N.A. 1 5.88% $6,070
    CMG MORTGAGE, INC. 1 5.75% $7,137
    Ixonia Bank 1 7.50% $9,625
    Nations Lending Corporation 1 6.75% $4,931
    Origin Bank 1 7.49% $5,459
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $8,320
    RELIANCE FIRST CAPITAL, LLC 1 7.63% $4,396
    UNION HOME MORTGAGE CORP. 1 7.13% $8,460
    AMCAP MORTGAGE, LTD. 1 7.63% $9,303

    The top Longview USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 5 USDA loans originated. Their average total fees are $7,704, which is $849 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Longview USDA lenders (with over 10 loans originated) are .

    The lowest rate Longview USDA lenders (with over 10 loans originated) are .

    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
    2024-05-01 $314,450 (2.6%) $392,694 (2.2%) 0.71 857
    2024-06-01 $319,000 (6.7%) $391,942 (2.7%) 0.72 899
    2024-07-01 $314,919 (0.9%) $384,911 (-2.7%) 0.72 940
    2024-08-01 $313,950 (-0.1%) $383,513 (-5.1%) 0.73 936
    2024-09-01 $300,000 (0.3%) $380,673 (-2.3%) 0.71 968
    2024-10-01 $306,000 (2.0%) $377,372 (-3.9%) 0.72 990
    2024-11-01 $300,000 (0.3%) $378,285 (0.4%) 0.72 971
    Longview's median listing price for 2024-11-01 was $300,000, a difference of $1,000 (0.3%) versus the prior year and $-6,000 versus the prior month.

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

    Longview's average listing price for 2024-11-01 was $378,285, a difference of $1,461 (0.4%) versus the prior year and $913 versus the prior month.

    For the 2024-11-01 period, Longview had 971 MLS listings, a difference of -19 listings (-2%) versus the prior month and 175 listings (22%) 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
    2024-05-01 58 days 2,064 sqft
    2024-06-01 59 days 2,042 sqft
    2024-07-01 64 days 2,024 sqft
    2024-08-01 65 days 2,034 sqft
    2024-09-01 71 days 2,021 sqft
    2024-10-01 69 days 2,007 sqft
    2024-11-01 74 days 2,010 sqft
    Longview's median listing age (time on market) for 2024-11-01 was 74 days. This is 22% longer than the same period one year ago.

    Longview's median square footage for active listings during the 2024-11-01 period was 2,010 sqft. One year prior, the average listing was 2,017 sqft.