Longview USDA Loans

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 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.