Longview USDA Loan Rates, Closing Costs & Stats

LONGVIEW, WA

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 18 lenders originated 30 USDA loans during 2021. The total origination value was $9,330,000, with an average USDA loan value of $311,000.

Longview USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Longview averaged 6.4% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Longview's average USDA mortgage closing costs are $7,510.

The average rate for the prior week (2023-01-20) was 6.3% and one month ago for the week of 2022-12-23, the average rate was 6.23%.

The average rate one year ago was 3.68%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.89%.

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
MANN FINANCIAL INC. 7 2.79% $10,308
CHURCHILL MORTGAGE CORPORATION 3 3.04% $7,277
CALIBER HOME LOANS, INC. 3 2.46% $6,333
GUILD MORTGAGE COMPANY 2 2.63% $7,952
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.50% $6,598
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $8,928
Flagstar Bank, FSB 1 2.25% $6,451
GENEVA FINANCIAL, LLC 1 2.38% $7,450
GUARANTEED RATE, INC. 1 2.88% $7,702
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.88% $7,401
HOME POINT FINANCIAL CORPORATION 1 2.25% $7,275
LPMC, LLC 1 2.75% $6,587
UNITED WHOLESALE MORTGAGE, LLC 1 2.63% $11,977
ACADEMY MORTGAGE CORPORATION 1 3.63% $6,344
Willamette Valley Bank 1 2.88% $7,644
AMCAP MORTGAGE, LTD. 1 2.75% $6,536
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.75% $5,224
Bank of the Pacific 1 2.25% $5,589

The top Longview USDA lender as defined by loan originations is MANN FINANCIAL INC., with 7 USDA loans originated. Their average total fees are $10,308, which is $3,031 higher than the next largest lender, CHURCHILL MORTGAGE CORPORATION.

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 $295,125 (17.1%) $460,941 (10.6%) 0.00 200
2018-02-01 $317,450 (28.4%) $484,845 (11.1%) 0.00 172
2018-03-01 $308,500 (28.9%) $471,797 (10.2%) 0.00 161
2018-04-01 $307,025 (9.9%) $416,734 (-2.7%) 0.00 188
2018-05-01 $305,714 (10.3%) $410,713 (1.2%) 0.00 223
2018-06-01 $309,900 (5.4%) $404,732 (-3.9%) 0.00 254
2018-07-01 $302,500 (-4.0%) $386,903 (-11.9%) 0.00 309
2018-08-01 $299,900 (0.0%) $378,306 (-8.7%) 0.00 328
2018-09-01 $307,000 (2.6%) $382,990 (-7.3%) 0.00 329
2018-10-01 $310,725 (8.3%) $389,460 (-4.5%) 0.00 333
2018-11-01 $307,238 (7.6%) $387,732 (-5.8%) 0.00 321
2018-12-01 $319,000 (10.4%) $403,452 (-7.8%) 0.00 281
2019-01-01 $325,575 (10.3%) $413,525 (-10.3%) 0.00 256
2019-02-01 $319,900 (0.8%) $416,914 (-14.0%) 0.00 222
2019-03-01 $323,864 (5.0%) $420,872 (-10.8%) 0.00 212
2019-04-01 $328,489 (7.0%) $424,947 (2.0%) 0.00 213
2019-05-01 $330,550 (8.1%) $441,176 (7.4%) 0.00 227
2019-06-01 $329,900 (6.5%) $433,756 (7.2%) 0.00 256
2019-07-01 $329,925 (9.1%) $427,862 (10.6%) 0.00 275
2019-08-01 $324,950 (8.4%) $417,498 (10.4%) 0.00 293
2019-09-01 $317,525 (3.4%) $408,464 (6.7%) 0.00 296
2019-10-01 $312,950 (0.7%) $402,469 (3.3%) 0.00 298
2019-11-01 $325,000 (5.8%) $426,252 (9.9%) 0.00 292
2019-12-01 $312,450 (-2.1%) $445,420 (10.4%) 0.00 245
2020-01-01 $311,175 (-4.4%) $454,436 (9.9%) 0.00 236
2020-02-01 $316,250 (-1.1%) $466,004 (11.8%) 0.00 208
2020-03-01 $321,200 (-0.8%) $477,536 (13.5%) 0.00 198
2020-04-01 $330,375 (0.6%) $487,165 (14.6%) 0.00 190
2020-05-01 $334,900 (1.3%) $477,244 (8.2%) 0.00 194
2020-06-01 $343,225 (4.0%) $392,894 (-9.4%) 0.00 207
2020-07-01 $349,390 (5.9%) $404,433 (-5.5%) 0.00 197
2020-08-01 $354,995 (9.3%) $407,067 (-2.5%) 0.00 213
2020-09-01 $364,925 (14.9%) $422,818 (3.5%) 0.00 210
2020-10-01 $362,200 (15.7%) $414,307 (2.9%) 0.00 184
2020-11-01 $362,450 (11.5%) $412,674 (-3.2%) 0.00 122
2020-12-01 $359,375 (15.0%) $410,810 (-7.8%) 0.00 93
2021-01-01 $369,000 (18.6%) $431,826 (-5.0%) 0.00 74
2021-02-01 $372,400 (17.8%) $453,188 (-2.8%) 0.00 67
2021-03-01 $380,250 (18.4%) $470,964 (-1.4%) 0.00 71
2021-04-01 $397,475 (20.3%) $552,002 (13.3%) 0.00 80
2021-05-01 $390,000 (16.5%) $535,294 (12.2%) 0.00 99
2021-06-01 $404,450 (17.8%) $540,590 (37.6%) 0.00 120
2021-07-01 $389,500 (11.5%) $483,151 (19.5%) 0.00 127
2021-08-01 $393,100 (10.7%) $508,000 (24.8%) 0.00 133
2021-09-01 $413,675 (13.4%) $530,236 (25.4%) 0.00 148
2021-10-01 $415,000 (14.6%) $524,312 (26.6%) 0.00 148
2021-11-01 $422,450 (16.6%) $539,337 (30.7%) 0.00 120
2021-12-01 $419,450 (16.7%) $550,459 (34.0%) 0.00 96
2022-01-01 $397,200 (7.6%) $566,366 (31.2%) 0.00 83
2022-02-01 $394,875 (6.0%) $548,214 (21.0%) 0.00 80
2022-03-01 $462,450 (21.6%) $619,112 (31.5%) 0.00 98
2022-04-01 $465,000 (17.0%) $628,284 (13.8%) 0.00 109
2022-05-01 $463,450 (18.8%) $589,428 (10.1%) 0.00 138
2022-06-01 $470,850 (16.4%) $585,539 (8.3%) 0.00 193
2022-07-01 $479,900 (23.2%) $553,948 (14.7%) 0.00 241
2022-08-01 $479,975 (22.1%) $554,805 (9.2%) 0.00 270
2022-09-01 $467,475 (13.0%) $556,041 (4.9%) 0.00 260
2022-10-01 $480,000 (15.7%) $565,959 (7.9%) 0.00 260
2022-11-01 $477,000 (12.9%) $553,902 (2.7%) 0.00 277
2022-12-01 $489,900 (16.8%) $570,733 (3.7%) 0.00 249
Longview's median listing price for 2022-12-01 was $489,900, a difference of $70,450 (16.8%) versus the prior year and $12,900 versus the prior month.

Longview's median listing price comes in at 0% of the national average.

Longview's average listing price for 2022-12-01 was $570,733, a difference of $20,274 (3.7%) versus the prior year and $16,831 versus the prior month.

For the 2022-12-01 period, Longview had 249 MLS listings, a difference of -28 listings (-10%) versus the prior month and 153 listings (159%) 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 0 days 2,078 sqft
2018-02-01 0 days 2,175 sqft
2018-03-01 0 days 2,161 sqft
2018-04-01 0 days 2,078 sqft
2018-05-01 0 days 2,009 sqft
2018-06-01 0 days 2,032 sqft
2018-07-01 0 days 1,952 sqft
2018-08-01 0 days 1,935 sqft
2018-09-01 0 days 1,950 sqft
2018-10-01 0 days 1,847 sqft
2018-11-01 0 days 1,848 sqft
2018-12-01 0 days 1,912 sqft
2019-01-01 0 days 1,946 sqft
2019-02-01 0 days 1,914 sqft
2019-03-01 0 days 1,903 sqft
2019-04-01 0 days 1,901 sqft
2019-05-01 0 days 1,986 sqft
2019-06-01 0 days 1,938 sqft
2019-07-01 0 days 1,973 sqft
2019-08-01 0 days 1,922 sqft
2019-09-01 0 days 1,880 sqft
2019-10-01 0 days 1,842 sqft
2019-11-01 0 days 1,846 sqft
2019-12-01 0 days 1,777 sqft
2020-01-01 0 days 1,774 sqft
2020-02-01 0 days 1,721 sqft
2020-03-01 0 days 1,711 sqft
2020-04-01 0 days 1,799 sqft
2020-05-01 0 days 1,800 sqft
2020-06-01 0 days 1,801 sqft
2020-07-01 0 days 1,846 sqft
2020-08-01 0 days 1,924 sqft
2020-09-01 0 days 1,856 sqft
2020-10-01 0 days 1,791 sqft
2020-11-01 0 days 1,820 sqft
2020-12-01 0 days 1,701 sqft
2021-01-01 0 days 1,765 sqft
2021-02-01 0 days 1,722 sqft
2021-03-01 0 days 1,670 sqft
2021-04-01 0 days 1,978 sqft
2021-05-01 0 days 1,762 sqft
2021-06-01 0 days 1,800 sqft
2021-07-01 0 days 1,814 sqft
2021-08-01 0 days 1,802 sqft
2021-09-01 0 days 1,963 sqft
2021-10-01 0 days 1,784 sqft
2021-11-01 0 days 1,874 sqft
2021-12-01 0 days 1,884 sqft
2022-01-01 0 days 1,733 sqft
2022-02-01 0 days 1,650 sqft
2022-03-01 0 days 1,828 sqft
2022-04-01 0 days 1,834 sqft
2022-05-01 0 days 1,837 sqft
2022-06-01 0 days 1,813 sqft
2022-07-01 0 days 1,817 sqft
2022-08-01 0 days 1,864 sqft
2022-09-01 0 days 1,836 sqft
2022-10-01 0 days 1,878 sqft
2022-11-01 0 days 1,972 sqft
2022-12-01 0 days 2,040 sqft
Longview's median listing age (time on market) for 2022-12-01 was 0 days.

Longview's median square footage for active listings during the 2022-12-01 period was 2,040 sqft. One year prior, the average listing was 1,884 sqft.