Longview USDA Loan Rates, Closing Costs & Stats

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 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 -0.08% for the week of 2024-06-21, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-06-14) was 6.61% and one month ago for the week of 2024-05-17, the average rate was 6.94%.

The average rate one year ago was 6.62%.

For refis of the same type during the week of 2024-06-21, the average rate was -0.11%.

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
Longview's median listing price for 2024-05-01 was $314,450, a difference of $8,000 (2.6%) versus the prior year and $4,450 versus the prior month.

Longview's median listing price comes in at 71% of the national average.

Longview's average listing price for 2024-05-01 was $392,694, a difference of $8,308 (2.2%) versus the prior year and $8,697 versus the prior month.

For the 2024-05-01 period, Longview had 857 MLS listings, a difference of 40 listings (5%) versus the prior month and 359 listings (72%) 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
Longview's median listing age (time on market) for 2024-05-01 was 58 days. This is 15% longer than the same period one year ago.

Longview's median square footage for active listings during the 2024-05-01 period was 2,064 sqft. One year prior, the average listing was 2,076 sqft.