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%.

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.