Longview USDA Loans

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 5.22% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.21% and one month ago for the week of 2022-04-15, the average rate was 5.31%.

The average rate one year ago was 3.45%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.91%.

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
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 $294,500 (15.1%) $501,004 (-1.5%) 0.00 286
2018-02-01 $316,500 (31.9%) $526,721 (0.9%) 0.00 253
2018-03-01 $309,900 (26.8%) $529,471 (3.3%) 0.00 232
2018-04-01 $305,350 (7.1%) $438,954 (-9.7%) 0.00 262
2018-05-01 $305,000 (8.8%) $432,640 (-6.1%) 0.00 311
2018-06-01 $310,000 (3.5%) $413,510 (-12.3%) 0.00 381
2018-07-01 $300,000 (-7.7%) $401,576 (-16.8%) 0.00 409
2018-08-01 $299,900 (-1.2%) $395,898 (-10.5%) 0.00 444
2018-09-01 $305,000 (1.7%) $402,467 (-9.7%) 0.00 451
2018-10-01 $314,950 (8.3%) $408,574 (-7.2%) 0.00 449
2018-11-01 $314,900 (9.3%) $412,069 (-8.1%) 0.00 427
2018-12-01 $324,800 (10.5%) $428,858 (-10.1%) 0.00 374
2019-01-01 $324,950 (10.3%) $438,114 (-12.6%) 0.00 343
2019-02-01 $319,900 (1.1%) $448,876 (-14.8%) 0.00 295
2019-03-01 $323,800 (4.5%) $454,466 (-14.2%) 0.00 272
2019-04-01 $329,000 (7.8%) $456,747 (4.1%) 0.00 271
2019-05-01 $336,250 (10.3%) $465,428 (7.6%) 0.00 278
2019-06-01 $329,900 (6.4%) $459,065 (11.0%) 0.00 332
2019-07-01 $334,950 (11.7%) $452,468 (12.7%) 0.00 353
2019-08-01 $332,714 (10.9%) $448,025 (13.2%) 0.00 360
2019-09-01 $329,850 (8.2%) $443,649 (10.2%) 0.00 347
2019-10-01 $322,445 (2.4%) $433,410 (6.1%) 0.00 392
2019-11-01 $325,000 (3.2%) $475,888 (15.5%) 0.00 382
2019-12-01 $312,450 (-3.8%) $480,840 (12.1%) 0.00 333
2020-01-01 $313,750 (-3.5%) $493,086 (12.6%) 0.00 309
2020-02-01 $319,900 (0.0%) $515,665 (14.9%) 0.00 261
2020-03-01 $325,000 (0.4%) $528,202 (16.2%) 0.00 252
2020-04-01 $335,000 (1.8%) $536,228 (17.4%) 0.00 239
2020-05-01 $339,900 (1.1%) $533,169 (14.6%) 0.00 249
2020-06-01 $343,500 (4.1%) $398,579 (-13.2%) 0.00 254
2020-07-01 $343,500 (2.6%) $398,025 (-12.0%) 0.00 235
2020-08-01 $350,000 (5.2%) $406,663 (-9.2%) 0.00 258
2020-09-01 $364,450 (10.5%) $426,909 (-3.8%) 0.00 250
2020-10-01 $360,000 (11.7%) $422,134 (-2.6%) 0.00 213
2020-11-01 $354,950 (9.2%) $422,357 (-11.3%) 0.00 148
2020-12-01 $338,500 (8.3%) $423,181 (-12.0%) 0.00 109
2021-01-01 $365,000 (16.3%) $449,239 (-8.9%) 0.00 91
2021-02-01 $369,450 (15.5%) $456,845 (-11.4%) 0.00 83
2021-03-01 $382,500 (17.7%) $486,882 (-7.8%) 0.00 82
2021-04-01 $399,900 (19.4%) $547,078 (2.0%) 0.00 100
2021-05-01 $399,900 (17.7%) $532,997 (0.0%) 0.00 126
2021-06-01 $405,500 (18.1%) $539,122 (35.3%) 0.00 143
2021-07-01 $389,000 (13.3%) $502,664 (26.3%) 0.00 160
2021-08-01 $397,500 (13.6%) $516,551 (27.0%) 0.00 176
2021-09-01 $417,450 (14.5%) $541,041 (26.7%) 0.00 196
2021-10-01 $425,000 (18.1%) $528,274 (25.1%) 0.00 201
2021-11-01 $424,450 (19.6%) $534,841 (26.6%) 0.00 163
2021-12-01 $419,450 (23.9%) $542,299 (28.2%) 0.00 130
2022-01-01 $389,900 (6.8%) $534,504 (19.0%) 0.00 109
2022-02-01 $397,450 (7.6%) $523,770 (14.7%) 0.00 96
2022-03-01 $425,500 (11.2%) $569,020 (16.9%) 0.00 110
2022-04-01 $455,000 (13.8%) $583,447 (6.7%) 0.00 141
Longview's median listing price for 2022-04-01 was $455,000, a difference of $55,100 (13.8%) versus the prior year and $29,500 versus the prior month.

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

Longview's average listing price for 2022-04-01 was $583,447, a difference of $36,369 (6.7%) versus the prior year and $14,427 versus the prior month.

For the 2022-04-01 period, Longview had 141 MLS listings, a difference of 31 listings (28%) versus the prior month and 41 listings (41%) 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 2,021 sqft
2018-02-01 0 days 2,104 sqft
2018-03-01 0 days 2,068 sqft
2018-04-01 0 days 2,040 sqft
2018-05-01 0 days 2,009 sqft
2018-06-01 0 days 1,948 sqft
2018-07-01 0 days 1,905 sqft
2018-08-01 0 days 1,973 sqft
2018-09-01 0 days 1,950 sqft
2018-10-01 0 days 1,926 sqft
2018-11-01 0 days 1,884 sqft
2018-12-01 0 days 1,923 sqft
2019-01-01 0 days 1,920 sqft
2019-02-01 0 days 1,882 sqft
2019-03-01 0 days 1,899 sqft
2019-04-01 0 days 1,936 sqft
2019-05-01 0 days 1,984 sqft
2019-06-01 0 days 1,981 sqft
2019-07-01 0 days 1,971 sqft
2019-08-01 0 days 1,959 sqft
2019-09-01 0 days 1,923 sqft
2019-10-01 0 days 1,868 sqft
2019-11-01 0 days 1,869 sqft
2019-12-01 0 days 1,806 sqft
2020-01-01 0 days 1,781 sqft
2020-02-01 0 days 1,771 sqft
2020-03-01 0 days 1,761 sqft
2020-04-01 0 days 1,843 sqft
2020-05-01 0 days 1,850 sqft
2020-06-01 0 days 1,856 sqft
2020-07-01 0 days 1,871 sqft
2020-08-01 0 days 1,928 sqft
2020-09-01 0 days 1,881 sqft
2020-10-01 0 days 1,827 sqft
2020-11-01 0 days 1,810 sqft
2020-12-01 0 days 1,642 sqft
2021-01-01 0 days 1,763 sqft
2021-02-01 0 days 1,667 sqft
2021-03-01 0 days 1,636 sqft
2021-04-01 0 days 1,899 sqft
2021-05-01 0 days 1,756 sqft
2021-06-01 0 days 1,828 sqft
2021-07-01 0 days 1,817 sqft
2021-08-01 0 days 1,810 sqft
2021-09-01 0 days 1,969 sqft
2021-10-01 0 days 1,896 sqft
2021-11-01 0 days 1,887 sqft
2021-12-01 0 days 1,875 sqft
2022-01-01 0 days 1,703 sqft
2022-02-01 0 days 1,690 sqft
2022-03-01 0 days 1,762 sqft
2022-04-01 0 days 1,828 sqft
Longview's median listing age (time on market) for 2022-04-01 was 0 days.

Longview's median square footage for active listings during the 2022-04-01 period was 1,828 sqft. One year prior, the average listing was 1,899 sqft.