Longview VA Loan Rates, Closing Costs & Stats
LONGVIEW, TX
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 84 lenders originated 386 VA loans during 2022. The total origination value was $106,520,000, with an average VA loan value of $275,959.
Longview VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Longview
averaged
6.51%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Longview's average VA mortgage closing costs are $7,027.
The average rate for the prior week (2023-05-19) was
6.44% and
one month ago for the week of 2023-04-21, the
average rate was 5.96%.
The average rate one year ago was 5.23%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.22%.
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.
The top Longview VA lender as defined by loan originations is Mortgage Research Center, LLC, with
90 VA loans originated. Their average total fees are
$6,493, which is $2,720
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Longview VA lenders (with over 10 loans originated) are
USAA Federal Savings Bank ($4,811), UNITED WHOLESALE MORTGAGE, LLC ($5,931), NAVY FEDERAL CREDIT UNION ($6,054), Mortgage Research Center, LLC ($6,493) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,651).
The lowest rate Longview VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (4.26%), NAVY FEDERAL CREDIT UNION (4.30%), USAA Federal Savings Bank (4.46%), GUILD MORTGAGE COMPANY (4.94%) and Mortgage Research Center, LLC (5.07%).
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 | $179,125 (5.4%) | $242,652 (4.8%) | 0.66 | 1,398 |
2018-02-01 | $175,000 (0.9%) | $238,206 (2.2%) | 0.64 | 1,419 |
2018-03-01 | $179,900 (2.9%) | $244,669 (5.1%) | 0.63 | 1,396 |
2018-04-01 | $181,225 (2.7%) | $246,919 (5.1%) | 0.61 | 1,408 |
2018-05-01 | $185,500 (3.1%) | $247,850 (7.5%) | 0.62 | 1,431 |
2018-06-01 | $192,700 (7.1%) | $259,971 (12.4%) | 0.64 | 1,427 |
2018-07-01 | $197,975 (10.0%) | $260,693 (11.2%) | 0.66 | 1,449 |
2018-08-01 | $193,900 (7.8%) | $255,802 (8.6%) | 0.65 | 1,414 |
2018-09-01 | $189,900 (5.6%) | $255,756 (8.3%) | 0.64 | 1,367 |
2018-10-01 | $191,375 (6.4%) | $258,576 (9.8%) | 0.65 | 1,325 |
2018-11-01 | $189,925 (5.7%) | $258,141 (7.7%) | 0.64 | 1,293 |
2018-12-01 | $189,900 (5.6%) | $259,555 (6.6%) | 0.66 | 1,241 |
2019-01-01 | $191,250 (6.8%) | $261,614 (7.8%) | 0.66 | 1,163 |
2019-02-01 | $193,125 (10.4%) | $264,682 (11.1%) | 0.65 | 1,179 |
2019-03-01 | $199,000 (10.6%) | $271,661 (11.0%) | 0.66 | 1,148 |
2019-04-01 | $199,250 (10.0%) | $271,042 (9.8%) | 0.63 | 1,224 |
2019-05-01 | $199,000 (7.3%) | $275,905 (11.3%) | 0.62 | 1,223 |
2019-06-01 | $199,000 (3.3%) | $271,263 (4.3%) | 0.62 | 1,201 |
2019-07-01 | $199,900 (1.0%) | $267,269 (2.5%) | 0.63 | 1,207 |
2019-08-01 | $198,750 (2.5%) | $266,701 (4.3%) | 0.62 | 1,230 |
2019-09-01 | $199,675 (5.2%) | $267,607 (4.6%) | 0.63 | 1,130 |
2019-10-01 | $199,500 (4.3%) | $264,632 (2.3%) | 0.64 | 1,142 |
2019-11-01 | $199,500 (5.0%) | $262,907 (1.9%) | 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 (0.1%) | $270,053 (-0.6%) | 0.62 | 832 |
2020-04-01 | $197,225 (-1.0%) | $270,636 (-0.2%) | 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 (8.2%) | 0.63 | 715 |
2020-07-01 | $224,888 (12.5%) | $298,866 (11.8%) | 0.65 | 658 |
2020-08-01 | $223,250 (12.3%) | $303,358 (13.7%) | 0.64 | 640 |
2020-09-01 | $229,900 (15.1%) | $315,718 (18.0%) | 0.66 | 608 |
2020-10-01 | $227,900 (14.2%) | $318,534 (20.4%) | 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 | $194,000 (-2.6%) | $321,420 (19.0%) | 0.55 | 346 |
2021-04-01 | $214,900 (9.0%) | $321,836 (18.9%) | 0.58 | 336 |
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 (41.0%) | $406,174 (26.4%) | 0.68 | 280 |
2022-04-01 | $275,500 (28.2%) | $385,762 (19.9%) | 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%) | $398,419 (5.3%) | 0.68 | 443 |
2022-08-01 | $298,100 (14.7%) | $395,548 (6.0%) | 0.69 | 517 |
2022-09-01 | $298,250 (13.6%) | $390,575 (4.3%) | 0.70 | 552 |
2022-10-01 | $299,999 (15.4%) | $394,558 (4.1%) | 0.71 | 554 |
2022-11-01 | $299,999 (20.0%) | $398,407 (8.8%) | 0.72 | 551 |
2022-12-01 | $299,863 (19.9%) | $388,359 (4.9%) | 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 |
Longview's median listing price comes in at 70% of the national average.
Longview's average listing price for 2023-04-01 was $403,083, a difference of $17,321 (4.5%) versus the prior year and $7,767 versus the prior month.
For the 2023-04-01 period, Longview had 475 MLS listings, a difference of 7 listings (1%) versus the prior month and 209 listings (79%) 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 | 121 days | 2,015 sqft |
2018-02-01 | 117 days | 1,973 sqft |
2018-03-01 | 103 days | 1,994 sqft |
2018-04-01 | 82 days | 2,029 sqft |
2018-05-01 | 74 days | 2,024 sqft |
2018-06-01 | 74 days | 2,046 sqft |
2018-07-01 | 77 days | 2,036 sqft |
2018-08-01 | 78 days | 2,032 sqft |
2018-09-01 | 88 days | 2,021 sqft |
2018-10-01 | 94 days | 2,031 sqft |
2018-11-01 | 99 days | 2,041 sqft |
2018-12-01 | 102 days | 2,017 sqft |
2019-01-01 | 107 days | 2,026 sqft |
2019-02-01 | 106 days | 2,059 sqft |
2019-03-01 | 99 days | 2,099 sqft |
2019-04-01 | 77 days | 2,088 sqft |
2019-05-01 | 72 days | 2,075 sqft |
2019-06-01 | 68 days | 2,057 sqft |
2019-07-01 | 69 days | 2,052 sqft |
2019-08-01 | 75 days | 2,057 sqft |
2019-09-01 | 82 days | 2,099 sqft |
2019-10-01 | 79 days | 2,095 sqft |
2019-11-01 | 84 days | 2,074 sqft |
2019-12-01 | 88 days | 2,029 sqft |
2020-01-01 | 99 days | 2,030 sqft |
2020-02-01 | 92 days | 2,027 sqft |
2020-03-01 | 73 days | 2,031 sqft |
2020-04-01 | 76 days | 2,025 sqft |
2020-05-01 | 81 days | 2,053 sqft |
2020-06-01 | 85 days | 2,129 sqft |
2020-07-01 | 71 days | 2,135 sqft |
2020-08-01 | 65 days | 2,141 sqft |
2020-09-01 | 67 days | 2,158 sqft |
2020-10-01 | 67 days | 2,152 sqft |
2020-11-01 | 68 days | 2,116 sqft |
2020-12-01 | 68 days | 2,046 sqft |
2021-01-01 | 68 days | 2,028 sqft |
2021-02-01 | 85 days | 2,056 sqft |
2021-03-01 | 77 days | 2,048 sqft |
2021-04-01 | 43 days | 2,044 sqft |
2021-05-01 | 40 days | 1,972 sqft |
2021-06-01 | 32 days | 2,045 sqft |
2021-07-01 | 33 days | 2,078 sqft |
2021-08-01 | 39 days | 2,041 sqft |
2021-09-01 | 43 days | 2,053 sqft |
2021-10-01 | 53 days | 2,021 sqft |
2021-11-01 | 53 days | 2,016 sqft |
2021-12-01 | 51 days | 1,981 sqft |
2022-01-01 | 64 days | 1,945 sqft |
2022-02-01 | 49 days | 1,882 sqft |
2022-03-01 | 35 days | 2,051 sqft |
2022-04-01 | 39 days | 2,046 sqft |
2022-05-01 | 26 days | 2,082 sqft |
2022-06-01 | 34 days | 2,142 sqft |
2022-07-01 | 36 days | 2,114 sqft |
2022-08-01 | 38 days | 2,096 sqft |
2022-09-01 | 46 days | 2,102 sqft |
2022-10-01 | 57 days | 2,077 sqft |
2022-11-01 | 54 days | 2,092 sqft |
2022-12-01 | 67 days | 2,076 sqft |
2023-01-01 | 86 days | 2,085 sqft |
2023-02-01 | 81 days | 2,022 sqft |
2023-03-01 | 57 days | 2,025 sqft |
2023-04-01 | 48 days | 2,064 sqft |
Longview's median square footage for active listings during the 2023-04-01 period was 2,064 sqft. One year prior, the average listing was 2,046 sqft.