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%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Longview level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GUILD MORTGAGE COMPANY 13 3.24% $7,213
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 3.27% $6,487
INTERLINC MORTGAGE SERVICES, LLC 8 3.02% $4,083
VeraBank 5 3.38% $4,027
AMCAP MORTGAGE, LTD. 4 2.59% $6,225
EVERETT FINANCIAL, INC. 4 3.25% $3,854
UNION HOME MORTGAGE CORP. 4 3.03% $5,085
Carrington Mortgage Services, LLC 3 3.38% $6,356
FINANCE OF AMERICA MORTGAGE LLC 2 3.19% $5,511
SOUTHWEST FUNDING, LP 2 3.50% $9,511
EASTMAN 2 3.31% $4,755
Nations Lending Corporation 2 3.25% $6,619
MORTGAGE FINANCIAL SERVICES, LLC 2 3.19% $7,912
PENNYMAC LOAN SERVICES, LLC 2 2.75% $4,407
Guaranty Bank & Trust, N.A. 2 3.19% $4,784
SENTE MORTGAGE, INC. 1 3.13% $7,085
STEARNS LENDING, LLC 1 2.50% $5,409
STOCKTON MORTGAGE CORPORATION 1 2.38% $7,466
V.I.P. MORTGAGE, INC. 1 3.25% $6,256
AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $4,110
BancorpSouth Bank 1 3.13% $5,571
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.75% $4,317
CROSSCOUNTRY MORTGAGE, LLC 1 2.99% $7,533
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 2.75% $4,658
FIDELITY BANK 1 3.50% $4,210
First Guaranty Mortgage Corporation 1 2.75% $5,201
Loan Simple, Inc. 1 3.25% $7,648
METROPLEX MORTGAGE SERVICES, INC. 1 3.00% $7,669
MOVEMENT MORTGAGE, LLC 1 2.75% $10,355
Northpointe Bank 1 2.75% $6,373
Paramount Residential Mortgage Group, Inc. 1 2.88% $4,138
PLAZA HOME MORTGAGE, INC. 1 3.13% $4,153
RESIDENTIAL BANCORP. 1 3.75% $5,857

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. Louis
Date 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 for 2022-04-01 was $289,500, a difference of $57,050 (24.5%) versus the prior year and $4,550 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 40 days. This is 11% longer than the same period one year ago.

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.