Longview USDA Loans

LONGVIEW, WA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.