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 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 6.93% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.78% and one month ago for the week of 2024-03-08, the average rate was 6.91%.

The average rate one year ago was 6.1%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.39%.

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
Longview's median listing price for 2024-03-01 was $305,500, a difference of $13,582 (4.7%) versus the prior year and $5,600 versus the prior month.

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

Longview's average listing price for 2024-03-01 was $379,353, a difference of $-15,963 (-4.0%) versus the prior year and $3,513 versus the prior month.

For the 2024-03-01 period, Longview had 788 MLS listings, a difference of 31 listings (4%) versus the prior month and 320 listings (68%) 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
Longview's median listing age (time on market) for 2024-03-01 was 64 days. This is 14% longer than the same period one year ago.

Longview's median square footage for active listings during the 2024-03-01 period was 2,035 sqft. One year prior, the average listing was 2,025 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.