Longview USDA Loan Rates, Closing Costs & Stats

LONGVIEW, WA

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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 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.