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%.
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. LouisDate | 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 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. LouisDate | 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 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.