Longview VA Loan Rates, Closing Costs & Stats

LONGVIEW, TX

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Longview's 55 lenders originated 282 VA loans during 2023. The total origination value was $81,760,000, with an average VA loan value of $289,929.

    Longview VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Longview averaged 0.55% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Longview's average VA mortgage closing costs are $7,040.

    The average rate for the prior week (2024-11-08) was 6.86% and one month ago for the week of 2024-10-11, the average rate was 6.43%.

    The average rate one year ago was 7.72%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.02%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Longview VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Longview level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 89 6.62% $6,093
    UNITED WHOLESALE MORTGAGE, LLC 23 6.60% $5,089
    GUILD MORTGAGE COMPANY 21 6.35% $11,013
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.97% $6,064
    NAVY FEDERAL CREDIT UNION 13 5.88% $4,240
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 7.97% $1,529
    GUARANTEED RATE, INC. 8 6.47% $8,477
    QUICKEN LOANS, LLC 8 6.43% $10,815
    PENNYMAC LOAN SERVICES, LLC 6 6.02% $9,851
    T2 FINANCIAL LLC 6 6.60% $9,530
    USAA Federal Savings Bank 6 6.06% $6,963
    Equity Prime Mortgage LLC 5 7.00% $5,564
    UNION HOME MORTGAGE CORP. 5 6.60% $10,512
    INTERLINC MORTGAGE SERVICES, LLC 4 6.78% $13,276
    VILLAGE CAPITAL MORTGAGE 3 5.58% $10,775
    CARDINAL FINANCIAL 3 6.92% $12,891
    NEWREZ LLC 3 6.54% $7,384
    CMG MORTGAGE, INC. 3 6.54% $4,902
    Paramount Residential Mortgage Group, Inc. 2 7.12% $9,217
    AMERICAN FINANCIAL NETWORK, INC. 2 7.00% $6,825
    LOANDEPOT.COM, LLC 2 4.37% $5,450
    BARKSDALE 2 6.81% $10,291
    Plains Commerce Bank 2 6.69% $4,746
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $5,594
    Barrington Bank & Trust Company, N.A. 2 6.50% $4,180
    Prosperity Home Mortgage, LLC 2 5.44% $5,679
    EVERETT FINANCIAL, INC. 2 6.31% $5,978
    CROSSCOUNTRY MORTGAGE, LLC 2 6.47% $3,680
    First Federal Bank 2 6.50% $12,167
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.81% $9,209
    SUN WEST MORTGAGE COMPANY, INC. 2 6.74% $2,771
    Sunflower Bank 1 6.13% $17,239
    BancorpSouth 1 6.88% $4,517
    Carrington Mortgage Services, LLC 1 6.88% $9,119
    Citizens Bank 1 5.75% $21,657
    Commercial Bank of Texas 1 5.99% $5,845
    DHI MORTGAGE COMPANY, LTD. 1 7.25% $3,789
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.25% $4,995
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.25% $11,765
    First National Bank Texas 1 5.75% $9,714
    FREEDOM MORTGAGE CORPORATION 1 7.75% $16,081
    Guaranty Bank & Trust, N.A. 1 5.75% $6,720
    HALLMARK HOME MORTGAGE, LLC 1 5.75% $13,374
    HomePromise Corporation 1 8.13% $3,262
    MANN FINANCIAL INC. 1 7.00% $6,160
    MORTGAGE FINANCIAL SERVICES, LLC 1 7.00% $2,998
    MOUNTAIN WEST FINANCIAL, INC. 1 6.88% $4,913
    NBKC BANK 1 6.13% $9,504
    PANORAMA MORTGAGE GROUP, LLC 1 7.13% $11,376
    PENTAGON FEDERAL CREDIT UNION 1 5.38% $8,451
    PLAZA HOME MORTGAGE, INC. 1 7.00% $7,604
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.63% $4,316
    S1L, Inc. 1 7.38% $4,240
    STOCKTON MORTGAGE CORPORATION 1 5.75% $10,459
    AMCAP MORTGAGE, LTD. 1 6.13% $18,127

    The top Longview VA lender as defined by loan originations is Mortgage Research Center, LLC, with 89 VA loans originated. Their average total fees are $6,093, which is $1,004 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Longview VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,240), UNITED WHOLESALE MORTGAGE, LLC ($5,089), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,064), Mortgage Research Center, LLC ($6,093) and GUILD MORTGAGE COMPANY ($11,013).

    The lowest rate Longview VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.88%), GUILD MORTGAGE COMPANY (6.35%), UNITED WHOLESALE MORTGAGE, LLC (6.60%), Mortgage Research Center, LLC (6.62%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.97%).

    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 $179,288 (5.5%) $242,812 (4.8%) 0.66 1,397
    2018-02-01 $175,000 (0.9%) $238,337 (2.2%) 0.64 1,418
    2018-03-01 $179,900 (2.9%) $244,808 (5.1%) 0.63 1,395
    2018-04-01 $181,250 (2.7%) $247,059 (5.1%) 0.61 1,407
    2018-05-01 $185,500 (3.1%) $247,669 (7.4%) 0.62 1,430
    2018-06-01 $192,700 (7.1%) $259,893 (12.4%) 0.64 1,427
    2018-07-01 $198,200 (10.1%) $260,729 (11.2%) 0.66 1,450
    2018-08-01 $193,950 (7.8%) $255,842 (8.6%) 0.65 1,415
    2018-09-01 $189,900 (5.6%) $255,660 (8.2%) 0.64 1,367
    2018-10-01 $191,375 (6.4%) $258,598 (9.7%) 0.65 1,326
    2018-11-01 $189,950 (5.7%) $258,283 (7.7%) 0.64 1,294
    2018-12-01 $189,900 (5.6%) $259,555 (6.5%) 0.66 1,242
    2019-01-01 $191,250 (6.7%) $261,614 (7.7%) 0.66 1,163
    2019-02-01 $193,125 (10.4%) $264,682 (11.1%) 0.65 1,179
    2019-03-01 $196,000 (9.0%) $268,592 (9.7%) 0.64 1,201
    2019-04-01 $199,000 (9.8%) $271,018 (9.7%) 0.63 1,224
    2019-05-01 $199,000 (7.3%) $275,910 (11.4%) 0.62 1,226
    2019-06-01 $199,000 (3.3%) $272,396 (4.8%) 0.62 1,202
    2019-07-01 $199,900 (0.9%) $268,282 (2.9%) 0.63 1,207
    2019-08-01 $199,900 (3.1%) $267,934 (4.7%) 0.63 1,214
    2019-09-01 $199,900 (5.3%) $266,721 (4.3%) 0.64 1,185
    2019-10-01 $199,700 (4.4%) $265,149 (2.5%) 0.64 1,149
    2019-11-01 $199,500 (5.0%) $262,907 (1.8%) 0.65 1,084
    2019-12-01 $194,700 (2.5%) $255,463 (-1.6%) 0.65 979
    2020-01-01 $194,900 (1.9%) $257,396 (-1.6%) 0.65 884
    2020-02-01 $195,000 (1.0%) $259,807 (-1.8%) 0.64 876
    2020-03-01 $199,250 (1.7%) $270,053 (0.5%) 0.62 832
    2020-04-01 $197,225 (-0.9%) $270,636 (-0.1%) 0.62 817
    2020-05-01 $199,900 (0.5%) $280,371 (1.6%) 0.61 788
    2020-06-01 $215,222 (8.2%) $293,539 (7.8%) 0.63 715
    2020-07-01 $224,888 (12.5%) $298,866 (11.4%) 0.65 658
    2020-08-01 $223,250 (11.7%) $303,358 (13.2%) 0.64 640
    2020-09-01 $229,900 (15.0%) $315,718 (18.4%) 0.66 608
    2020-10-01 $227,900 (14.1%) $318,534 (20.1%) 0.65 551
    2020-11-01 $222,500 (11.5%) $314,207 (19.5%) 0.65 526
    2020-12-01 $212,500 (9.1%) $306,068 (19.8%) 0.63 505
    2021-01-01 $209,900 (7.7%) $311,267 (20.9%) 0.63 468
    2021-02-01 $199,900 (2.5%) $322,120 (24.0%) 0.58 387
    2021-03-01 $193,500 (-2.9%) $321,172 (18.9%) 0.55 346
    2021-04-01 $214,875 (9.0%) $321,287 (18.7%) 0.58 337
    2021-05-01 $219,900 (10.0%) $336,137 (19.9%) 0.58 287
    2021-06-01 $239,450 (11.3%) $371,048 (26.4%) 0.63 309
    2021-07-01 $259,925 (15.6%) $378,525 (26.7%) 0.69 404
    2021-08-01 $259,975 (16.5%) $373,087 (23.0%) 0.69 420
    2021-09-01 $262,500 (14.2%) $374,397 (18.6%) 0.70 416
    2021-10-01 $259,944 (14.1%) $378,964 (19.0%) 0.69 373
    2021-11-01 $250,000 (12.4%) $366,356 (16.6%) 0.67 376
    2021-12-01 $250,000 (17.7%) $370,357 (21.0%) 0.68 359
    2022-01-01 $230,000 (9.6%) $360,507 (15.8%) 0.62 308
    2022-02-01 $244,000 (22.1%) $379,684 (17.9%) 0.63 283
    2022-03-01 $273,569 (41.4%) $406,174 (26.5%) 0.68 280
    2022-04-01 $275,500 (28.2%) $385,762 (20.1%) 0.66 266
    2022-05-01 $276,000 (25.5%) $407,102 (21.1%) 0.63 322
    2022-06-01 $301,840 (26.1%) $407,811 (9.9%) 0.67 366
    2022-07-01 $299,000 (15.0%) $397,698 (5.1%) 0.67 444
    2022-08-01 $297,750 (14.5%) $394,895 (5.9%) 0.69 518
    2022-09-01 $298,250 (13.6%) $390,271 (4.2%) 0.70 552
    2022-10-01 $299,999 (15.4%) $394,558 (4.1%) 0.71 554
    2022-11-01 $299,974 (20.0%) $398,183 (8.7%) 0.72 552
    2022-12-01 $299,825 (19.9%) $388,150 (4.8%) 0.74 540
    2023-01-01 $299,663 (30.3%) $393,760 (9.2%) 0.74 512
    2023-02-01 $295,000 (20.9%) $387,475 (2.1%) 0.71 485
    2023-03-01 $291,918 (6.7%) $395,316 (-2.7%) 0.69 468
    2023-04-01 $299,900 (8.9%) $403,083 (4.5%) 0.70 475
    2023-05-01 $306,450 (11.0%) $384,386 (-5.6%) 0.69 498
    2023-06-01 $299,000 (-0.9%) $381,694 (-6.4%) 0.67 556
    2023-07-01 $312,000 (4.4%) $395,713 (-0.5%) 0.71 611
    2023-08-01 $314,370 (5.6%) $404,241 (2.4%) 0.72 670
    2023-09-01 $299,000 (0.3%) $389,531 (-0.2%) 0.70 707
    2023-10-01 $299,900 (0.0%) $392,561 (-0.5%) 0.71 744
    2023-11-01 $299,000 (-0.3%) $376,824 (-5.4%) 0.71 796
    2023-12-01 $299,000 (-0.3%) $376,093 (-3.1%) 0.73 797
    2024-01-01 $299,450 (-0.1%) $375,911 (-4.5%) 0.73 750
    2024-02-01 $299,900 (1.7%) $375,840 (-3.0%) 0.72 757
    2024-03-01 $305,500 (4.7%) $379,353 (-4.0%) 0.72 788
    2024-04-01 $310,000 (3.4%) $383,997 (-4.7%) 0.72 817
    2024-05-01 $314,450 (2.6%) $392,694 (2.2%) 0.71 857
    2024-06-01 $319,000 (6.7%) $391,942 (2.7%) 0.72 899
    2024-07-01 $314,919 (0.9%) $384,911 (-2.7%) 0.72 940
    2024-08-01 $313,950 (-0.1%) $383,513 (-5.1%) 0.73 936
    2024-09-01 $300,000 (0.3%) $380,673 (-2.3%) 0.71 968
    2024-10-01 $306,000 (2.0%) $377,372 (-3.9%) 0.72 990
    Longview's median listing price for 2024-10-01 was $306,000, a difference of $6,100 (2.0%) versus the prior year and $6,000 versus the prior month.

    Longview's median listing price comes in at 72% of the national average.

    Longview's average listing price for 2024-10-01 was $377,372, a difference of $-15,189 (-3.9%) versus the prior year and $-3,301 versus the prior month.

    For the 2024-10-01 period, Longview had 990 MLS listings, a difference of 22 listings (2%) versus the prior month and 246 listings (33%) 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
    2018-01-01 110 days 2,016 sqft
    2018-02-01 106 days 1,973 sqft
    2018-03-01 93 days 1,995 sqft
    2018-04-01 72 days 2,031 sqft
    2018-05-01 66 days 2,024 sqft
    2018-06-01 67 days 2,046 sqft
    2018-07-01 68 days 2,035 sqft
    2018-08-01 71 days 2,032 sqft
    2018-09-01 81 days 2,019 sqft
    2018-10-01 88 days 2,030 sqft
    2018-11-01 89 days 2,039 sqft
    2018-12-01 90 days 2,017 sqft
    2019-01-01 97 days 2,026 sqft
    2019-02-01 95 days 2,059 sqft
    2019-03-01 83 days 2,073 sqft
    2019-04-01 70 days 2,087 sqft
    2019-05-01 64 days 2,075 sqft
    2019-06-01 61 days 2,059 sqft
    2019-07-01 61 days 2,054 sqft
    2019-08-01 63 days 2,070 sqft
    2019-09-01 68 days 2,085 sqft
    2019-10-01 72 days 2,094 sqft
    2019-11-01 75 days 2,074 sqft
    2019-12-01 81 days 2,029 sqft
    2020-01-01 94 days 2,030 sqft
    2020-02-01 86 days 2,027 sqft
    2020-03-01 65 days 2,031 sqft
    2020-04-01 70 days 2,025 sqft
    2020-05-01 73 days 2,053 sqft
    2020-06-01 78 days 2,129 sqft
    2020-07-01 64 days 2,135 sqft
    2020-08-01 59 days 2,141 sqft
    2020-09-01 61 days 2,158 sqft
    2020-10-01 63 days 2,152 sqft
    2020-11-01 61 days 2,116 sqft
    2020-12-01 63 days 2,046 sqft
    2021-01-01 64 days 2,028 sqft
    2021-02-01 77 days 2,056 sqft
    2021-03-01 66 days 2,047 sqft
    2021-04-01 37 days 2,043 sqft
    2021-05-01 33 days 1,972 sqft
    2021-06-01 31 days 2,045 sqft
    2021-07-01 31 days 2,078 sqft
    2021-08-01 37 days 2,041 sqft
    2021-09-01 42 days 2,053 sqft
    2021-10-01 50 days 2,021 sqft
    2021-11-01 52 days 2,016 sqft
    2021-12-01 49 days 1,981 sqft
    2022-01-01 60 days 1,945 sqft
    2022-02-01 40 days 1,882 sqft
    2022-03-01 33 days 2,051 sqft
    2022-04-01 36 days 2,046 sqft
    2022-05-01 24 days 2,082 sqft
    2022-06-01 33 days 2,142 sqft
    2022-07-01 36 days 2,109 sqft
    2022-08-01 38 days 2,095 sqft
    2022-09-01 46 days 2,102 sqft
    2022-10-01 54 days 2,078 sqft
    2022-11-01 52 days 2,094 sqft
    2022-12-01 67 days 2,076 sqft
    2023-01-01 84 days 2,085 sqft
    2023-02-01 79 days 2,022 sqft
    2023-03-01 56 days 2,025 sqft
    2023-04-01 46 days 2,064 sqft
    2023-05-01 50 days 2,076 sqft
    2023-06-01 46 days 2,021 sqft
    2023-07-01 48 days 2,043 sqft
    2023-08-01 51 days 2,064 sqft
    2023-09-01 57 days 2,030 sqft
    2023-10-01 65 days 2,044 sqft
    2023-11-01 61 days 2,017 sqft
    2023-12-01 68 days 2,001 sqft
    2024-01-01 77 days 2,022 sqft
    2024-02-01 78 days 2,025 sqft
    2024-03-01 64 days 2,035 sqft
    2024-04-01 55 days 2,056 sqft
    2024-05-01 58 days 2,064 sqft
    2024-06-01 59 days 2,042 sqft
    2024-07-01 64 days 2,024 sqft
    2024-08-01 65 days 2,034 sqft
    2024-09-01 71 days 2,021 sqft
    2024-10-01 69 days 2,007 sqft
    Longview's median listing age (time on market) for 2024-10-01 was 69 days. This is 7% longer than the same period one year ago.

    Longview's median square footage for active listings during the 2024-10-01 period was 2,007 sqft. One year prior, the average listing was 2,044 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.