Longview VA Loan Rates, Closing Costs & Stats

LONGVIEW, WA

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 51 lenders originated 183 VA loans during 2023. The total origination value was $71,735,000, with an average VA loan value of $391,995.

Longview VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Longview averaged 6.63% 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 $6,851.

The average rate for the prior week (2024-04-05) was 6.88% and one month ago for the week of 2024-03-08, the average rate was 6.61%.

The average rate one year ago was 5.91%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.47%.

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 16 6.80% $5,774
UNITED WHOLESALE MORTGAGE, LLC 15 6.08% $9,176
QUICKEN LOANS, LLC 12 6.07% $13,563
GUILD MORTGAGE COMPANY 10 6.20% $10,830
MANN FINANCIAL INC. 9 6.50% $8,787
NAVY FEDERAL CREDIT UNION 7 5.84% $5,899
ACADEMY MORTGAGE CORPORATION 6 6.73% $8,616
PENNYMAC LOAN SERVICES, LLC 6 5.27% $8,960
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 6 6.44% $14,412
S1L, Inc. 5 6.70% $14,758
FREEDOM MORTGAGE CORPORATION 5 6.68% $18,273
CANOPY MORTGAGE, LLC 5 6.32% $15,758
MOVEMENT MORTGAGE, LLC 4 6.47% $9,546
AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.15% $18,406
The Federal Savings Bank 4 6.09% $19,527
USAA Federal Savings Bank 4 5.88% $14,987
CMG MORTGAGE, INC. 4 6.63% $11,358
EAGLE HOME MORTGAGE, LLC 4 6.44% $5,798
GUARANTEED RATE, INC. 4 6.03% $6,963
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.54% $7,456
CARDINAL FINANCIAL 3 6.54% $18,412
Equity Prime Mortgage LLC 3 6.88% $5,096
LOANPAL, LLC 2 5.81% $16,952
Barrington Bank & Trust Company, N.A. 2 7.00% $8,876
CHURCHILL MORTGAGE CORPORATION 2 5.88% $6,691
1st Security Bank of Washington 2 7.13% $4,725
NEWREZ LLC 2 6.44% $6,022
VERITAS FUNDING, LLC 2 6.31% $26,633
VILLAGE CAPITAL MORTGAGE 2 6.38% $18,552
Willamette Valley Bank 2 6.56% $34,776
HomeStreet Bank 1 7.13% $8,781
Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $7,333
NATIONS DIRECT MORTGAGE, LLC 1 6.75% $8,506
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.50% $10,059
NEW DAY FINANCIAL, LLC 1 8.00% $3,156
Wells Fargo Bank 1 5.63% $12,048
NFM, INC. 1 7.50% $13,273
Paramount Residential Mortgage Group, Inc. 1 5.75% $7,209
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $10,419
PLANET HOME LENDING, LLC 1 6.75% $4,296
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $21,389
BROKER SOLUTIONS, INC. 1 6.75% $7,900
AXIA FINANCIAL, LLC 1 6.63% $43
AMERISAVE MORTGAGE CORPORATION 1 4.75% $6,779
American Mortgage & Equity Consultants, Inc. 1 6.13% $9,059
AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $27,737
U.S. Bank 1 5.50% $7,475
LOANDEPOT.COM, LLC 1 5.63% $9,462
MASON MCDUFFIE MORTGAGE CORPORATION 1 7.12% $4,221
MORTGAGE EXPRESS, LLC 1 5.99% $19,029
LAKEVIEW LOAN SERVICING, LLC 1 6.50% $10,729

The top Longview VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $5,774, which is $3,403 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Longview VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,774), UNITED WHOLESALE MORTGAGE, LLC ($9,176), GUILD MORTGAGE COMPANY ($10,830), QUICKEN LOANS, LLC ($13,563) and .

The lowest rate Longview VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.07%), UNITED WHOLESALE MORTGAGE, LLC (6.08%), GUILD MORTGAGE COMPANY (6.20%), Mortgage Research Center, LLC (6.80%) and .


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 $288,950 (17.0%) $443,523 (8.5%) 0.00 215
2018-02-01 $303,000 (27.9%) $460,395 (9.7%) 0.00 189
2018-03-01 $298,950 (26.4%) $449,877 (8.8%) 0.00 178
2018-04-01 $301,350 (11.7%) $400,512 (-3.3%) 0.00 205
2018-05-01 $299,800 (12.6%) $395,973 (0.6%) 0.00 240
2018-06-01 $301,700 (5.2%) $389,364 (-4.5%) 0.00 275
2018-07-01 $299,700 (-3.0%) $375,725 (-11.9%) 0.00 328
2018-08-01 $299,575 (1.3%) $368,329 (-8.9%) 0.00 347
2018-09-01 $299,900 (1.7%) $373,699 (-6.9%) 0.00 348
2018-10-01 $305,000 (8.6%) $379,745 (-4.1%) 0.00 350
2018-11-01 $299,900 (7.2%) $379,082 (-5.4%) 0.00 337
2018-12-01 $310,000 (8.8%) $393,355 (-7.3%) 0.00 296
2019-01-01 $324,275 (12.2%) $404,817 (-8.7%) 0.00 269
2019-02-01 $317,000 (4.6%) $413,596 (-10.2%) 0.00 231
2019-03-01 $320,386 (7.2%) $417,262 (-7.3%) 0.00 220
2019-04-01 $324,336 (7.6%) $419,614 (4.8%) 0.00 223
2019-05-01 $329,225 (9.8%) $435,232 (9.9%) 0.00 237
2019-06-01 $329,300 (9.2%) $429,430 (10.3%) 0.00 266
2019-07-01 $329,350 (9.9%) $420,810 (12.0%) 0.00 283
2019-08-01 $323,777 (8.1%) $410,521 (11.5%) 0.00 301
2019-09-01 $315,718 (5.3%) $401,064 (7.3%) 0.00 306
2019-10-01 $309,225 (1.4%) $394,759 (4.0%) 0.00 308
2019-11-01 $319,900 (6.7%) $417,257 (10.1%) 0.00 302
2019-12-01 $302,350 (-2.5%) $431,298 (9.7%) 0.00 257
2020-01-01 $299,925 (-7.5%) $441,146 (9.0%) 0.00 246
2020-02-01 $306,500 (-3.3%) $452,425 (9.4%) 0.00 217
2020-03-01 $305,850 (-4.5%) $461,138 (10.5%) 0.00 207
2020-04-01 $306,775 (-5.4%) $472,869 (12.7%) 0.00 198
2020-05-01 $332,400 (1.0%) $473,591 (8.8%) 0.00 198
2020-06-01 $341,625 (3.7%) $389,967 (-9.2%) 0.00 209
2020-07-01 $349,255 (6.0%) $401,401 (-4.6%) 0.00 198
2020-08-01 $354,945 (9.6%) $401,751 (-2.1%) 0.00 218
2020-09-01 $364,450 (15.4%) $418,005 (4.2%) 0.00 214
2020-10-01 $359,900 (16.4%) $413,361 (4.7%) 0.00 185
2020-11-01 $362,425 (13.3%) $410,043 (-1.7%) 0.00 123
2020-12-01 $353,675 (17.0%) $406,882 (-5.7%) 0.00 95
2021-01-01 $369,000 (23.0%) $429,419 (-2.7%) 0.00 75
2021-02-01 $372,400 (21.5%) $450,513 (-0.4%) 0.00 67
2021-03-01 $378,000 (23.6%) $469,653 (1.9%) 0.00 71
2021-04-01 $397,450 (29.6%) $550,117 (16.3%) 0.00 80
2021-05-01 $389,450 (17.2%) $533,582 (12.7%) 0.00 99
2021-06-01 $404,450 (18.4%) $539,778 (38.4%) 0.00 121
2021-07-01 $389,000 (11.4%) $481,288 (19.9%) 0.00 128
2021-08-01 $393,100 (10.8%) $505,859 (25.9%) 0.00 135
2021-09-01 $411,450 (12.9%) $528,016 (26.3%) 0.00 150
2021-10-01 $410,450 (14.1%) $521,767 (26.2%) 0.00 150
2021-11-01 $415,000 (14.5%) $535,273 (30.5%) 0.00 122
2021-12-01 $414,950 (17.3%) $542,411 (33.3%) 0.00 99
2022-01-01 $394,500 (6.9%) $562,917 (31.1%) 0.00 84
2022-02-01 $387,475 (4.1%) $539,204 (19.7%) 0.00 83
2022-03-01 $458,475 (21.3%) $609,717 (29.8%) 0.00 101
2022-04-01 $455,000 (14.5%) $612,534 (11.4%) 0.00 113
2022-05-01 $456,225 (17.2%) $580,416 (8.8%) 0.00 142
2022-06-01 $467,000 (15.5%) $581,657 (7.8%) 0.00 195
2022-07-01 $475,000 (22.1%) $549,292 (14.1%) 0.00 246
2022-08-01 $479,450 (22.0%) $550,369 (8.8%) 0.00 274
2022-09-01 $467,225 (13.6%) $553,607 (4.9%) 0.00 263
2022-10-01 $475,000 (15.7%) $563,010 (7.9%) 0.00 264
2022-11-01 $473,725 (14.2%) $551,706 (3.1%) 0.00 281
2022-12-01 $489,000 (17.9%) $567,127 (4.6%) 0.00 252
2023-01-01 $509,750 (29.2%) $579,331 (2.9%) 0.00 226
2023-02-01 $564,275 (45.6%) $612,462 (13.6%) 0.00 211
2023-03-01 $567,448 (23.8%) $621,321 (1.9%) 0.00 182
2023-04-01 $565,000 (24.2%) $639,691 (4.4%) 0.00 163
2023-05-01 $569,975 (24.9%) $638,743 (10.1%) 0.00 181
2023-06-01 $569,750 (22.0%) $632,098 (8.7%) 0.00 187
2023-07-01 $524,000 (10.3%) $616,609 (12.3%) 0.00 214
2023-08-01 $522,100 (8.9%) $606,103 (10.1%) 0.00 233
2023-09-01 $499,900 (7.0%) $583,008 (5.3%) 0.00 264
2023-10-01 $495,000 (4.2%) $567,797 (0.9%) 0.00 262
2023-11-01 $484,250 (2.2%) $544,043 (-1.4%) 0.00 263
2023-12-01 $479,500 (-1.9%) $545,726 (-3.8%) 0.00 232
2024-01-01 $478,250 (-6.2%) $535,403 (-7.6%) 0.00 221
2024-02-01 $480,700 (-14.8%) $557,759 (-8.9%) 0.00 204
2024-03-01 $479,950 (-15.4%) $556,711 (-10.4%) 0.00 201
Longview's median listing price for 2024-03-01 was $479,950, a difference of $-87,498 (-15.4%) versus the prior year and $-750 versus the prior month.

Longview's median listing price comes in at 0% of the national average.

Longview's average listing price for 2024-03-01 was $556,711, a difference of $-64,610 (-10.4%) versus the prior year and $-1,048 versus the prior month.

For the 2024-03-01 period, Longview had 201 MLS listings, a difference of -3 listings (-1%) versus the prior month and 19 listings (10%) 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 0 days 1,976 sqft
2018-02-01 0 days 2,064 sqft
2018-03-01 0 days 2,048 sqft
2018-04-01 0 days 1,932 sqft
2018-05-01 0 days 1,895 sqft
2018-06-01 0 days 1,912 sqft
2018-07-01 0 days 1,846 sqft
2018-08-01 0 days 1,847 sqft
2018-09-01 0 days 1,875 sqft
2018-10-01 0 days 1,795 sqft
2018-11-01 0 days 1,811 sqft
2018-12-01 0 days 1,872 sqft
2019-01-01 0 days 1,869 sqft
2019-02-01 0 days 1,862 sqft
2019-03-01 0 days 1,864 sqft
2019-04-01 0 days 1,867 sqft
2019-05-01 0 days 1,926 sqft
2019-06-01 0 days 1,888 sqft
2019-07-01 0 days 1,933 sqft
2019-08-01 0 days 1,894 sqft
2019-09-01 0 days 1,846 sqft
2019-10-01 0 days 1,801 sqft
2019-11-01 0 days 1,812 sqft
2019-12-01 0 days 1,751 sqft
2020-01-01 0 days 1,742 sqft
2020-02-01 0 days 1,656 sqft
2020-03-01 0 days 1,668 sqft
2020-04-01 0 days 1,744 sqft
2020-05-01 0 days 1,782 sqft
2020-06-01 0 days 1,787 sqft
2020-07-01 0 days 1,843 sqft
2020-08-01 0 days 1,920 sqft
2020-09-01 0 days 1,833 sqft
2020-10-01 0 days 1,786 sqft
2020-11-01 0 days 1,802 sqft
2020-12-01 0 days 1,687 sqft
2021-01-01 0 days 1,750 sqft
2021-02-01 0 days 1,707 sqft
2021-03-01 0 days 1,670 sqft
2021-04-01 0 days 1,978 sqft
2021-05-01 0 days 1,768 sqft
2021-06-01 0 days 1,806 sqft
2021-07-01 0 days 1,809 sqft
2021-08-01 0 days 1,797 sqft
2021-09-01 0 days 1,950 sqft
2021-10-01 0 days 1,783 sqft
2021-11-01 0 days 1,864 sqft
2021-12-01 0 days 1,871 sqft
2022-01-01 0 days 1,703 sqft
2022-02-01 0 days 1,636 sqft
2022-03-01 0 days 1,812 sqft
2022-04-01 0 days 1,818 sqft
2022-05-01 0 days 1,813 sqft
2022-06-01 0 days 1,803 sqft
2022-07-01 0 days 1,812 sqft
2022-08-01 0 days 1,833 sqft
2022-09-01 0 days 1,826 sqft
2022-10-01 0 days 1,861 sqft
2022-11-01 0 days 1,934 sqft
2022-12-01 0 days 2,023 sqft
2023-01-01 0 days 2,043 sqft
2023-02-01 0 days 2,094 sqft
2023-03-01 0 days 2,141 sqft
2023-04-01 0 days 2,187 sqft
2023-05-01 0 days 2,145 sqft
2023-06-01 0 days 2,119 sqft
2023-07-01 0 days 2,021 sqft
2023-08-01 0 days 2,088 sqft
2023-09-01 0 days 1,993 sqft
2023-10-01 0 days 2,001 sqft
2023-11-01 0 days 1,966 sqft
2023-12-01 0 days 1,911 sqft
2024-01-01 0 days 1,869 sqft
2024-02-01 0 days 1,818 sqft
2024-03-01 0 days 1,820 sqft
Longview's median listing age (time on market) for 2024-03-01 was 0 days.

Longview's median square footage for active listings during the 2024-03-01 period was 1,820 sqft. One year prior, the average listing was 2,141 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.