Longview VA Loan Rates, Closing Costs & Stats

LONGVIEW, TX

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

    • 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%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 90 5.07% $6,493
    GUILD MORTGAGE COMPANY 25 4.94% $9,212
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 5.30% $8,651
    NAVY FEDERAL CREDIT UNION 14 4.30% $6,054
    USAA Federal Savings Bank 14 4.46% $4,811
    UNITED WHOLESALE MORTGAGE, LLC 13 4.26% $5,931
    SOUTHWEST FUNDING, LP 11 5.12% $10,028
    UNION HOME MORTGAGE CORP. 10 5.84% $12,504
    GUARANTEED RATE, INC. 9 5.70% $6,397
    QUICKEN LOANS, LLC 8 4.26% $8,841
    Barrington Bank & Trust Company, N.A. 8 4.82% $9,900
    Gateway First Bank 8 4.34% $6,121
    PENNYMAC LOAN SERVICES, LLC 7 3.50% $5,924
    STOCKTON MORTGAGE CORPORATION 7 5.36% $11,843
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 5.67% $4,773
    AMCAP MORTGAGE, LTD. 5 4.50% $6,466
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 5.83% $10,765
    INTERLINC MORTGAGE SERVICES, LLC 5 4.90% $8,746
    Equity Prime Mortgage LLC 4 6.50% $6,610
    T2 FINANCIAL LLC 4 5.31% $9,437
    FREEDOM MORTGAGE CORPORATION 4 3.47% $2,635
    CALIBER HOME LOANS, INC. 4 5.34% $6,454
    NEW DAY FINANCIAL, LLC 3 5.29% $10,943
    Carrington Mortgage Services, LLC 3 5.54% $4,699
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.67% $9,845
    CMG MORTGAGE, INC. 3 5.29% $10,868
    Mr. Cooper ( Nationstar Mortgage ) 3 3.96% $15,793
    SOUTHWEST STAGE FUNDING, LLC 3 6.29% $17
    SWBC MORTGAGE CORPORATION 3 4.33% $3,510
    Guaranty Bank & Trust, N.A. 3 4.58% $8,543
    CARDINAL FINANCIAL 3 4.46% $10,900
    Nations Lending Corporation 3 5.58% $11,409
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 4.06% $15,382
    THRIVE MORTGAGE, LLC 2 5.25% $12,088
    CERTAINTY HOME LOANS, LLC 2 5.94% $6,429
    MORTGAGE FINANCIAL SERVICES, LLC 2 5.63% $11,275
    Mid-Continent Funding, Inc. 2 5.31% $7,162
    Paramount Residential Mortgage Group, Inc. 2 4.44% $7,310
    Encompass Lending Group, LP 2 5.44% $8,045
    FINANCE OF AMERICA MORTGAGE LLC 2 4.63% $7,455
    NEWREZ LLC 2 2.62% $3,391
    LAKEVIEW LOAN SERVICING, LLC 2 2.94% $2,300
    Flagstar Bank, FSB 2 3.71% $11,099
    LOANDEPOT.COM, LLC 2 5.25% $12,543
    ZILLOW HOME LOANS, LLC 1 3.50% $6,132
    ACADEMY MORTGAGE CORPORATION 1 3.75% $15,629
    AMERISAVE MORTGAGE CORPORATION 1 3.25% $4,017
    ASPIRE FINANCIAL, INC. 1 3.00% $9,294
    Austin Bank, Texas 1 3.88% $8,276
    BancorpSouth Bank 1 6.63% $6,675
    BAY EQUITY LLC 1 3.99% $5,734
    BROKER SOLUTIONS, INC. 1 5.75% $6,032
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.25% $18,620
    CLEARPATH LENDING 1 2.25% $3,249
    CORNERSTONE HOME LENDING, INC. 1 3.75% $5,740
    CRESCENT MORTGAGE COMPANY 1 4.50% $3,686
    CROSSCOUNTRY MORTGAGE, LLC 1 5.25% $8,533
    Eagle Bank and Trust Company 1 3.25% $5,103
    EVERETT FINANCIAL, INC. 1 4.88% $2,291
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 5.25% $9,911
    First National Bank Texas 1 3.63% $13,487
    F&M Bank 1 4.50% $22,198
    GENEVA FINANCIAL, LLC 1 5.63% $5,725
    GMFS LLC 1 4.13% $1,140
    Goldwater Bank, N.A. 1 3.00% $5,990
    GUARANTEED RATE AFFINITY, LLC 1 4.55% $13,254
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.00% $7,861
    Lakeview Community Capital, LLC 1 2.75% $1,921
    MID AMERICA MORTGAGE, INC. 1 3.38% $5,311
    M&T Bank 1 5.13% $4,288
    OPEN MORTGAGE, LLC 1 5.75% $5,655
    Pacific Lending LLC 1 3.88% $10,077
    PENTAGON FEDERAL CREDIT UNION 1 4.50% $6,397
    PLAZA HOME MORTGAGE, INC. 1 2.63% $5,546
    PREMIA MORTGAGE, LLC 1 4.25% $13,102
    Prosperity Home Mortgage, LLC 1 6.00% $10,900
    Republic State Mortgage Co. 1 5.50% $14,583
    ROYAL UNITED MORTGAGE LLC 1 5.38% $2,758
    SFMC, LP 1 6.75% $16,694
    Simmons Bank 1 5.38% $3,711
    Strong Home Mortgage, LLC 1 4.13% $5,009
    VeraBank 1 5.13% $4,243
    VILLAGE CAPITAL MORTGAGE 1 3.75% $3,842
    Academy Bank 1 4.13% $20,770

    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. Louis
    Date 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 for 2023-04-01 was $299,900, a difference of $24,400 (8.9%) versus the prior year and $7,982 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-04-01 was 48 days. This is 22% longer than the same period one year ago.

    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.

    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.