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 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 6.82% for the week of 2023-03-17, compared to the national average (all USDA variants) of 6.497% for the same period.

    Longview's average USDA mortgage closing costs are $5,484.

    The average rate for the prior week (2023-03-10) was 7.04% and one month ago for the week of 2023-02-10, the average rate was 6.31%.

    The average rate one year ago was 4.49%.

    For refis of the same type during the week of 2023-03-17, the average rate was 6.17%.

    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/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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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 $179,125 (5.4%) $242,652 (4.8%) 0.66 1,398
    2018-02-01 $175,000 (0.9%) $238,206 (2.2%) 0.64 1,419
    2018-03-01 $179,900 (2.9%) $244,669 (5.1%) 0.63 1,396
    2018-04-01 $181,225 (2.7%) $246,919 (5.1%) 0.61 1,408
    2018-05-01 $185,500 (3.1%) $247,850 (7.5%) 0.62 1,431
    2018-06-01 $192,700 (7.1%) $259,971 (12.4%) 0.64 1,427
    2018-07-01 $197,975 (10.0%) $260,693 (11.2%) 0.66 1,449
    2018-08-01 $193,900 (7.8%) $255,802 (8.6%) 0.65 1,414
    2018-09-01 $189,900 (5.6%) $255,756 (8.3%) 0.64 1,367
    2018-10-01 $191,375 (6.4%) $258,576 (9.8%) 0.65 1,325
    2018-11-01 $189,925 (5.7%) $258,141 (7.7%) 0.64 1,293
    2018-12-01 $189,900 (5.6%) $259,555 (6.6%) 0.66 1,241
    2019-01-01 $191,250 (6.8%) $261,614 (7.8%) 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%) $268,533 (9.8%) 0.64 1,201
    2019-04-01 $199,250 (10.0%) $270,769 (9.7%) 0.63 1,224
    2019-05-01 $199,000 (7.3%) $275,905 (11.3%) 0.62 1,223
    2019-06-01 $199,000 (3.3%) $271,263 (4.3%) 0.62 1,201
    2019-07-01 $199,900 (1.0%) $267,269 (2.5%) 0.63 1,207
    2019-08-01 $199,900 (3.1%) $267,245 (4.5%) 0.63 1,214
    2019-09-01 $199,900 (5.3%) $266,420 (4.2%) 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 (1.9%) 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 (0.6%) 0.62 832
    2020-04-01 $197,225 (-1.0%) $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 (8.2%) 0.63 715
    2020-07-01 $224,888 (12.5%) $298,866 (11.8%) 0.65 658
    2020-08-01 $223,250 (11.7%) $303,358 (13.5%) 0.64 640
    2020-09-01 $229,900 (15.0%) $315,718 (18.5%) 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 $194,000 (-2.6%) $321,420 (19.0%) 0.55 346
    2021-04-01 $214,900 (9.0%) $321,836 (18.9%) 0.58 336
    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%) 0.68 404
    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 (41.0%) $406,174 (26.4%) 0.68 280
    2022-04-01 $275,500 (28.2%) $385,762 (19.9%) 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%) $398,419 (5.3%) 0.67 443
    2022-08-01 $298,100 (14.7%) $395,548 (6.0%) 0.69 517
    2022-09-01 $298,250 (13.6%) $390,575 (4.3%) 0.70 552
    2022-10-01 $299,999 (15.4%) $394,558 (4.1%) 0.71 554
    2022-11-01 $299,999 (20.0%) $398,407 (8.8%) 0.72 551
    2022-12-01 $299,863 (19.9%) $388,359 (4.9%) 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
    Longview's median listing price for 2023-02-01 was $295,000, a difference of $51,000 (20.9%) versus the prior year and $-4,663 versus the prior month.

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

    Longview's average listing price for 2023-02-01 was $387,475, a difference of $7,791 (2.1%) versus the prior year and $-6,285 versus the prior month.

    For the 2023-02-01 period, Longview had 485 MLS listings, a difference of -27 listings (-5%) versus the prior month and 202 listings (71%) 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
    2018-01-01 121 days 2,015 sqft
    2018-02-01 117 days 1,973 sqft
    2018-03-01 103 days 1,994 sqft
    2018-04-01 82 days 2,029 sqft
    2018-05-01 74 days 2,024 sqft
    2018-06-01 74 days 2,046 sqft
    2018-07-01 77 days 2,036 sqft
    2018-08-01 78 days 2,032 sqft
    2018-09-01 88 days 2,021 sqft
    2018-10-01 94 days 2,031 sqft
    2018-11-01 99 days 2,041 sqft
    2018-12-01 102 days 2,017 sqft
    2019-01-01 107 days 2,026 sqft
    2019-02-01 106 days 2,059 sqft
    2019-03-01 93 days 2,073 sqft
    2019-04-01 77 days 2,087 sqft
    2019-05-01 72 days 2,075 sqft
    2019-06-01 68 days 2,057 sqft
    2019-07-01 69 days 2,052 sqft
    2019-08-01 71 days 2,070 sqft
    2019-09-01 75 days 2,085 sqft
    2019-10-01 78 days 2,094 sqft
    2019-11-01 84 days 2,074 sqft
    2019-12-01 88 days 2,029 sqft
    2020-01-01 99 days 2,030 sqft
    2020-02-01 92 days 2,027 sqft
    2020-03-01 73 days 2,031 sqft
    2020-04-01 76 days 2,025 sqft
    2020-05-01 81 days 2,053 sqft
    2020-06-01 85 days 2,129 sqft
    2020-07-01 71 days 2,135 sqft
    2020-08-01 65 days 2,141 sqft
    2020-09-01 67 days 2,158 sqft
    2020-10-01 67 days 2,152 sqft
    2020-11-01 68 days 2,116 sqft
    2020-12-01 68 days 2,046 sqft
    2021-01-01 68 days 2,028 sqft
    2021-02-01 85 days 2,056 sqft
    2021-03-01 77 days 2,048 sqft
    2021-04-01 43 days 2,044 sqft
    2021-05-01 40 days 1,972 sqft
    2021-06-01 32 days 2,045 sqft
    2021-07-01 33 days 2,078 sqft
    2021-08-01 39 days 2,041 sqft
    2021-09-01 43 days 2,053 sqft
    2021-10-01 53 days 2,021 sqft
    2021-11-01 53 days 2,016 sqft
    2021-12-01 51 days 1,981 sqft
    2022-01-01 64 days 1,945 sqft
    2022-02-01 49 days 1,882 sqft
    2022-03-01 35 days 2,051 sqft
    2022-04-01 39 days 2,046 sqft
    2022-05-01 26 days 2,082 sqft
    2022-06-01 34 days 2,142 sqft
    2022-07-01 36 days 2,114 sqft
    2022-08-01 38 days 2,096 sqft
    2022-09-01 46 days 2,102 sqft
    2022-10-01 57 days 2,077 sqft
    2022-11-01 54 days 2,092 sqft
    2022-12-01 67 days 2,076 sqft
    2023-01-01 86 days 2,085 sqft
    2023-02-01 81 days 2,022 sqft
    Longview's median listing age (time on market) for 2023-02-01 was 81 days. This is 66% longer than the same period one year ago.

    Longview's median square footage for active listings during the 2023-02-01 period was 2,022 sqft. One year prior, the average listing was 1,882 sqft.