Longview VA Loans

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 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 102 lenders originated 646 VA loans during 2021. The total origination value was $153,010,000, with an average VA loan value of $236,858.

Longview VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Longview averaged 5.51% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.94% and one month ago for the week of 2022-04-08, the average rate was 5.46%.

The average rate one year ago was 3.38%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.56%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Longview level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 100 2.84% $5,211
FREEDOM MORTGAGE CORPORATION 37 2.51% $3,057
QUICKEN LOANS, LLC 34 2.42% $3,515
PENNYMAC LOAN SERVICES, LLC 25 2.45% $4,785
GUILD MORTGAGE COMPANY 25 3.14% $6,882
USAA Federal Savings Bank 23 2.78% $4,506
UNION HOME MORTGAGE CORP. 22 2.94% $6,283
NEW DAY FINANCIAL, LLC 16 2.54% $5,050
VILLAGE CAPITAL & INVESTMENT LLC 15 2.58% $3,247
CALIBER HOME LOANS, INC. 15 2.62% $4,000
SOUTHWEST FUNDING, LP 14 3.50% $10,272
NAVY FEDERAL CREDIT UNION 13 2.46% $5,734
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 3.25% $7,346
INTERLINC MORTGAGE SERVICES, LLC 11 3.40% $8,095
UNITED WHOLESALE MORTGAGE, LLC 10 2.61% $4,158
MORTGAGE FINANCIAL SERVICES, LLC 10 2.90% $5,933
CLEARPATH LENDING 10 2.50% $2,775
Mr. Cooper ( Nationstar Mortgage ) 9 3.21% $2,475
Low VA Rates, LLC 8 2.53% $3,244
Carrington Mortgage Services, LLC 8 2.92% $4,573
Wells Fargo Bank 7 2.63% $3,304
CMG MORTGAGE, INC. 7 2.79% $5,400
Barrington Bank & Trust Company, N.A. 6 2.98% $3,939
LAKEVIEW LOAN SERVICING, LLC 6 2.62% $3,089
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.15% $6,134
LOANDEPOT.COM, LLC 5 2.45% $3,840
HOME POINT FINANCIAL CORPORATION 5 2.92% $4,469
PLANET HOME LENDING, LLC 4 2.41% $3,226
First Guaranty Mortgage Corporation 4 2.53% $2,961
Gateway First Bank 4 2.81% $4,454
AMCAP MORTGAGE, LTD. 4 3.00% $8,459
ACCELERATE MORTGAGE, LLC 3 2.25% $6,319
WILLOW BEND MORTGAGE COMPANY, LLC 3 2.50% $3,219
GSF Mortgage Corporation 3 2.96% $6,474
GUARANTEED RATE, INC. 3 2.79% $7,798
SUN WEST MORTGAGE COMPANY, INC. 3 2.42% $3,526
Mid-Continent Funding, Inc. 3 2.79% $4,392
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.33% $4,711
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.25% $4,486
EASTMAN 3 3.63% $6,382
AMERISAVE MORTGAGE CORPORATION 3 3.42% $6,914
NEWREZ LLC 3 2.67% $2,687
VeraBank 3 2.83% $3,887
BancorpSouth Bank 3 2.71% $4,092
AMERICAN FINANCIAL NETWORK, INC. 3 2.54% $11,949
DRAPER AND KRAMER MORTGAGE CORP. 2 3.31% $3,537
CORNERSTONE HOME LENDING, INC. 2 2.94% $4,281
FINANCE OF AMERICA MORTGAGE LLC 2 3.25% $11,522
First National Bank Texas 2 2.44% $4,526
Goldwater Bank, N.A. 2 3.50% $9,706
Hometown Lenders, Inc. 2 2.94% $5,394
MID AMERICA MORTGAGE, INC. 2 3.25% $3,353
PENTAGON FEDERAL CREDIT UNION 2 2.31% $1,903
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 2.69% $11,142
Prosperity Home Mortgage, LLC 2 3.19% $5,317
SOUTHWEST STAGE FUNDING, LLC 2 3.25% $1,069
The Federal Savings Bank 2 2.75% $3,496
HOMESIDE FINANCIAL, LLC 1 3.25% $2,089
Guaranty Bank & Trust, N.A. 1 2.88% $10,278
MOVEMENT MORTGAGE, LLC 1 3.25% $0
First Mortgage Solutions, LLC 1 2.25% $4,988
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.50% $3,934
NATIONS DIRECT MORTGAGE, LLC 1 2.63% $8,636
Nations Lending Corporation 1 3.25% $6,223
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.75% $2,560
NETWORK CAPITAL FUNDING CORPORATION 1 3.13% $1,073
Network Funding, L.P. 1 2.30% $8,946
Fifth Third Bank 1 2.63% $4,221
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.25% $0
North American Savings Bank, F.S.B. 1 2.50% $5,807
NP, Inc. 1 2.25% $3,978
NTFN, INC. 1 2.75% $9,797
Paramount Bank 1 2.50% $4,394
ACADEMY MORTGAGE CORPORATION 1 3.50% $12,031
BNC National Bank 1 2.25% $1,998
PILGRIM MORTGAGE LLC 1 2.38% $4,707
DHI MORTGAGE COMPANY, LTD. 1 3.13% $17,763
PLAZA HOME MORTGAGE, INC. 1 2.25% $1,329
Bank of England 1 2.63% $3,931
V.I.P. MORTGAGE, INC. 1 2.75% $6,768
CROSSCOUNTRY MORTGAGE, LLC 1 2.88% $8,317
RANLIFE, INC. 1 3.13% $3,382
SENTE MORTGAGE, INC. 1 3.25% $23,235
Southside Bank 1 4.00% $3,360
Colonial Savings, F.A. 1 2.88% $4,082
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $7,633
SOVEREIGN LENDING GROUP INCORPORATED 1 2.38% $3,842
Stifel Bank and Trust 1 2.13% $1,023
STOCKTON MORTGAGE CORPORATION 1 3.00% $15,353
CityWorth Mortgage LLC 1 2.88% $6,133
SWBC MORTGAGE CORPORATION 1 3.00% $23,302
AmeriHome Mortgage Company, LLC 1 2.63% $2,315
The Home Loan Expert LLC 1 2.25% $3,905
Town Square Mortgage & Investments, Inc. 1 3.25% $1,445
Citizens Bank 1 3.00% $3,414
CERTAINTY HOME LOANS, LLC 1 3.13% $11,261
Lakeview Community Capital, LLC 1 2.50% $3,101
JPMorgan Chase Bank 1 2.75% $16,376
Magnolia Bank 1 2.75% $5,604
Meridian Bank Corporation 1 2.38% $3,972
BROKER SOLUTIONS, INC. 1 3.75% $4,347
InterContinental Capital Group, Inc 1 2.38% $2,700

The top Longview VA lender as defined by loan originations is Mortgage Research Center, LLC, with 100 VA loans originated. Their average total fees are $5,211, which is $2,154 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Longview VA lenders (with over 10 loans originated) are CLEARPATH LENDING ($2,775), FREEDOM MORTGAGE CORPORATION ($3,057), VILLAGE CAPITAL & INVESTMENT LLC ($3,247), QUICKEN LOANS, LLC ($3,515) and CALIBER HOME LOANS, INC. ($4,000).

The lowest rate Longview VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.42%), PENNYMAC LOAN SERVICES, LLC (2.45%), NAVY FEDERAL CREDIT UNION (2.46%), CLEARPATH LENDING (2.50%) and FREEDOM MORTGAGE CORPORATION (2.51%).


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 $185,750 (8.3%) $252,185 (8.2%) 0.68 1,349
2018-02-01 $182,500 (4.3%) $248,431 (5.3%) 0.66 1,355
2018-03-01 $185,000 (5.7%) $251,878 (7.1%) 0.64 1,317
2018-04-01 $188,990 (5.9%) $252,370 (5.8%) 0.63 1,314
2018-05-01 $189,450 (5.3%) $249,336 (7.4%) 0.63 1,324
2018-06-01 $195,000 (7.7%) $263,352 (13.2%) 0.65 1,340
2018-07-01 $199,250 (8.9%) $265,393 (11.8%) 0.66 1,358
2018-08-01 $195,950 (6.0%) $263,297 (9.6%) 0.65 1,312
2018-09-01 $190,000 (2.8%) $261,618 (7.8%) 0.64 1,281
2018-10-01 $194,900 (5.5%) $265,873 (9.4%) 0.65 1,259
2018-11-01 $195,000 (5.3%) $271,773 (8.4%) 0.65 1,227
2018-12-01 $191,000 (1.1%) $273,100 (8.0%) 0.65 1,170
2019-01-01 $194,000 (4.4%) $272,595 (8.1%) 0.67 1,104
2019-02-01 $198,400 (8.7%) $274,493 (10.5%) 0.66 1,138
2019-03-01 $198,800 (7.5%) $279,055 (10.8%) 0.65 1,172
2019-04-01 $200,000 (5.8%) $282,261 (11.8%) 0.63 1,215
2019-05-01 $199,900 (5.5%) $284,875 (14.3%) 0.62 1,202
2019-06-01 $199,900 (2.5%) $285,521 (8.4%) 0.62 1,161
2019-07-01 $199,900 (0.3%) $275,633 (3.9%) 0.62 1,159
2019-08-01 $202,814 (3.5%) $277,674 (5.5%) 0.64 1,153
2019-09-01 $199,700 (5.1%) $277,360 (6.0%) 0.63 1,121
2019-10-01 $199,000 (2.1%) $274,467 (3.2%) 0.63 1,110
2019-11-01 $198,900 (2.0%) $273,257 (0.6%) 0.64 1,047
2019-12-01 $196,450 (2.9%) $266,468 (-2.4%) 0.65 953
2020-01-01 $196,200 (1.1%) $271,699 (-0.3%) 0.65 867
2020-02-01 $199,000 (0.3%) $279,570 (1.9%) 0.64 842
2020-03-01 $202,450 (1.8%) $288,345 (3.3%) 0.63 829
2020-04-01 $200,000 (0.0%) $289,756 (2.7%) 0.62 824
2020-05-01 $209,500 (4.8%) $298,726 (4.9%) 0.63 791
2020-06-01 $227,450 (13.8%) $314,225 (10.1%) 0.66 708
2020-07-01 $232,500 (16.3%) $318,858 (15.7%) 0.67 650
2020-08-01 $229,000 (12.9%) $328,015 (18.1%) 0.65 634
2020-09-01 $240,950 (20.7%) $349,171 (25.9%) 0.69 615
2020-10-01 $230,000 (15.6%) $345,884 (26.0%) 0.66 552
2020-11-01 $235,000 (18.2%) $349,250 (27.8%) 0.67 520
2020-12-01 $226,250 (15.2%) $351,051 (31.7%) 0.66 488
2021-01-01 $224,900 (14.6%) $353,838 (30.2%) 0.66 448
2021-02-01 $217,200 (9.2%) $358,485 (28.2%) 0.62 371
2021-03-01 $224,900 (11.1%) $370,942 (28.6%) 0.63 328
2021-04-01 $232,450 (16.2%) $372,198 (28.5%) 0.62 327
2021-05-01 $245,000 (17.0%) $384,735 (28.8%) 0.64 270
2021-06-01 $254,860 (12.1%) $418,817 (33.3%) 0.66 308
2021-07-01 $277,452 (19.3%) $402,860 (26.3%) 0.72 382
2021-08-01 $270,500 (18.1%) $392,589 (19.7%) 0.71 419
2021-09-01 $280,000 (16.2%) $410,238 (17.5%) 0.74 406
2021-10-01 $286,450 (24.5%) $415,499 (20.1%) 0.75 357
2021-11-01 $266,000 (13.2%) $401,596 (15.0%) 0.70 374
2021-12-01 $264,950 (17.1%) $406,834 (15.9%) 0.71 357
2022-01-01 $259,900 (15.6%) $405,224 (14.5%) 0.69 307
2022-02-01 $268,400 (23.6%) $441,674 (23.2%) 0.68 283
2022-03-01 $284,950 (26.7%) $451,203 (21.6%) 0.70 281
2022-04-01 $289,500 (24.5%) $404,431 (8.7%) 0.68 268
Longview's median listing price for 2022-04-01 was $289,500, a difference of $57,050 (24.5%) versus the prior year and $4,550 versus the prior month.

Longview's median listing price comes in at 68% of the national average.

Longview's average listing price for 2022-04-01 was $404,431, a difference of $32,233 (8.7%) versus the prior year and $-46,772 versus the prior month.

For the 2022-04-01 period, Longview had 268 MLS listings, a difference of -13 listings (-5%) versus the prior month and -59 listings (-18%) 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
2018-01-01 117 days 2,062 sqft
2018-02-01 115 days 2,034 sqft
2018-03-01 103 days 2,049 sqft
2018-04-01 83 days 2,062 sqft
2018-05-01 75 days 2,057 sqft
2018-06-01 75 days 2,100 sqft
2018-07-01 79 days 2,087 sqft
2018-08-01 79 days 2,071 sqft
2018-09-01 89 days 2,064 sqft
2018-10-01 93 days 2,072 sqft
2018-11-01 96 days 2,087 sqft
2018-12-01 100 days 2,064 sqft
2019-01-01 105 days 2,068 sqft
2019-02-01 101 days 2,088 sqft
2019-03-01 87 days 2,116 sqft
2019-04-01 72 days 2,144 sqft
2019-05-01 74 days 2,113 sqft
2019-06-01 71 days 2,100 sqft
2019-07-01 70 days 2,100 sqft
2019-08-01 72 days 2,103 sqft
2019-09-01 75 days 2,107 sqft
2019-10-01 78 days 2,128 sqft
2019-11-01 78 days 2,118 sqft
2019-12-01 84 days 2,099 sqft
2020-01-01 96 days 2,099 sqft
2020-02-01 93 days 2,097 sqft
2020-03-01 69 days 2,101 sqft
2020-04-01 71 days 2,100 sqft
2020-05-01 75 days 2,106 sqft
2020-06-01 85 days 2,226 sqft
2020-07-01 72 days 2,225 sqft
2020-08-01 67 days 2,208 sqft
2020-09-01 64 days 2,218 sqft
2020-10-01 65 days 2,172 sqft
2020-11-01 70 days 2,190 sqft
2020-12-01 66 days 2,139 sqft
2021-01-01 67 days 2,097 sqft
2021-02-01 90 days 2,141 sqft
2021-03-01 80 days 2,158 sqft
2021-04-01 36 days 2,155 sqft
2021-05-01 43 days 2,078 sqft
2021-06-01 37 days 2,240 sqft
2021-07-01 35 days 2,236 sqft
2021-08-01 37 days 2,049 sqft
2021-09-01 44 days 2,117 sqft
2021-10-01 50 days 2,091 sqft
2021-11-01 48 days 2,089 sqft
2021-12-01 49 days 2,021 sqft
2022-01-01 62 days 1,997 sqft
2022-02-01 50 days 1,976 sqft
2022-03-01 38 days 2,126 sqft
2022-04-01 40 days 2,116 sqft
Longview's median listing age (time on market) for 2022-04-01 was 40 days. This is 11% longer than the same period one year ago.

Longview's median square footage for active listings during the 2022-04-01 period was 2,116 sqft. One year prior, the average listing was 2,155 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.