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 77 lenders originated 334 VA loans during 2022. The total origination value was $127,130,000, with an average VA loan value of $380,629.

Longview VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Longview averaged 0.04% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

Longview's average VA mortgage closing costs are $6,598.

The average rate for the prior week (2023-11-17) was 6.78% and one month ago for the week of 2023-10-20, the average rate was 7.51%.

The average rate one year ago was 6.13%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.15%.

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 43 5.10% $6,161
GUILD MORTGAGE COMPANY 20 4.41% $13,049
QUICKEN LOANS, LLC 19 4.26% $10,073
UNITED WHOLESALE MORTGAGE, LLC 17 3.99% $6,983
FREEDOM MORTGAGE CORPORATION 17 3.92% $13,364
MANN FINANCIAL INC. 15 4.79% $8,724
PENNYMAC LOAN SERVICES, LLC 10 3.08% $7,865
The Federal Savings Bank 9 4.28% $16,512
ACADEMY MORTGAGE CORPORATION 9 4.85% $12,769
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 8 4.89% $12,277
NATIONS DIRECT MORTGAGE, LLC 7 4.14% $15,076
FINANCE OF AMERICA MORTGAGE LLC 7 4.34% $9,287
USAA Federal Savings Bank 7 5.02% $13,166
NAVY FEDERAL CREDIT UNION 7 3.38% $9,645
CALIBER HOME LOANS, INC. 6 5.29% $7,204
AMERICAN PACIFIC MORTGAGE CORPORATION 6 4.19% $10,464
CMG MORTGAGE, INC. 6 4.94% $9,465
GUARANTEED RATE, INC. 6 4.08% $7,344
CROSSCOUNTRY MORTGAGE, LLC 5 5.66% $13,233
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.25% $4,652
Umpqua Bank 5 4.33% $19,636
EAGLE HOME MORTGAGE, LLC 4 5.69% $2,010
LOANDEPOT.COM, LLC 4 2.72% $13,410
S1L, Inc. 4 5.16% $12,307
Willamette Valley Bank 4 4.44% $10,092
NEW DAY FINANCIAL, LLC 3 6.71% $10,425
Barrington Bank & Trust Company, N.A. 3 3.87% $12,259
BAY EQUITY LLC 3 5.17% $10,993
Mr. Cooper ( Nationstar Mortgage ) 3 4.08% $5,157
Flagstar Bank, FSB 2 3.94% $2,025
Gateway First Bank 2 5.88% $5,102
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 4.69% $8,627
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.25% $7,078
Hometown Lenders, Inc. 2 4.31% $24,094
AMERISAVE MORTGAGE CORPORATION 2 3.94% $10,884
MORTGAGE EXPRESS, LLC 2 3.50% $6,148
CARDINAL FINANCIAL 2 4.31% $27,052
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.94% $13,990
MOVEMENT MORTGAGE, LLC 2 4.88% $25,197
NEWREZ LLC 2 4.69% $7,636
Paramount Residential Mortgage Group, Inc. 2 4.81% $13,434
SIRVA MORTGAGE, INC. 2 5.88% $10,110
Strong Home Mortgage, LLC 2 4.94% $14,992
SUMMIT FUNDING, INC. 2 5.44% $10,597
DIRECTORS MORTGAGE, INC. 1 4.63% $36,153
Bank of England 1 5.75% $15,910
HOME POINT FINANCIAL CORPORATION 1 3.38% $17,161
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.50% $19,800
BROKER SOLUTIONS, INC. 1 4.60% $7,958
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.75% $3,735
NBKC BANK 1 3.13% $7,046
Columbia State Bank 1 2.50% $10,707
TRISTAR FINANCE, INC. 1 6.75% $18,990
Northpointe Bank 1 5.75% $21,705
NP, Inc. 1 2.25% $4,482
OnPoint Community Credit Union 1 4.00% $2,439
PANORAMA MORTGAGE GROUP, LLC 1 4.50% $14,775
Armed Forces Bank 1 4.25% $5,403
GUARANTEED RATE AFFINITY, LLC 1 6.88% $9,174
PENTAGON FEDERAL CREDIT UNION 1 4.50% $2,665
PLANET HOME LENDING, LLC 1 3.25% $28,943
PLAZA HOME MORTGAGE, INC. 1 6.25% $4,294
PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.25% $5,862
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.38% $3,716
Prosperity Home Mortgage, LLC 1 4.38% $9,444
Banner Bank 1 2.38% $29,500
HomePromise Corporation 1 5.88% $13,872
HomeStreet Bank 1 5.50% $10,897
RANLIFE, INC. 1 5.00% $3,795
JPMorgan Chase Bank 1 4.00% $5,600
KELLER MORTGAGE, LLC 1 3.25% $3,387
LAKEVIEW LOAN SERVICING, LLC 1 4.75% $20,773
AMERICAN FINANCIAL RESOURCES, INC. 1 3.25% $1,467
Colonial Savings, F.A. 1 4.75% $10,527
MASON MCDUFFIE MORTGAGE CORPORATION 1 5.25% $7,462
ENVOY MORTGAGE, LTD 1 5.63% $5,093
First Home Bank 1 2.75% $5,289

The top Longview VA lender as defined by loan originations is Mortgage Research Center, LLC, with 43 VA loans originated. Their average total fees are $6,161, which is $6,888 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Longview VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,161), UNITED WHOLESALE MORTGAGE, LLC ($6,983), PENNYMAC LOAN SERVICES, LLC ($7,865), MANN FINANCIAL INC. ($8,724) and QUICKEN LOANS, LLC ($10,073).

The lowest rate Longview VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.08%), FREEDOM MORTGAGE CORPORATION (3.92%), UNITED WHOLESALE MORTGAGE, LLC (3.99%), QUICKEN LOANS, LLC (4.26%) and GUILD MORTGAGE COMPANY (4.41%).


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 $295,125 (16.2%) $460,941 (8.6%) 0.00 200
2018-02-01 $317,450 (28.4%) $484,845 (11.1%) 0.00 172
2018-03-01 $308,500 (28.9%) $471,797 (10.2%) 0.00 161
2018-04-01 $307,025 (9.9%) $416,734 (-2.7%) 0.00 188
2018-05-01 $305,714 (10.3%) $410,713 (1.2%) 0.00 223
2018-06-01 $309,900 (5.4%) $404,732 (-3.9%) 0.00 254
2018-07-01 $302,500 (-4.0%) $386,903 (-11.9%) 0.00 309
2018-08-01 $299,900 (0.0%) $378,306 (-8.7%) 0.00 328
2018-09-01 $307,000 (2.6%) $382,990 (-7.3%) 0.00 329
2018-10-01 $310,725 (8.3%) $389,460 (-4.5%) 0.00 333
2018-11-01 $307,238 (7.6%) $387,732 (-5.8%) 0.00 321
2018-12-01 $319,000 (10.4%) $403,452 (-7.8%) 0.00 281
2019-01-01 $325,575 (10.3%) $413,525 (-10.3%) 0.00 256
2019-02-01 $319,900 (0.8%) $416,914 (-14.0%) 0.00 222
2019-03-01 $323,864 (5.0%) $420,890 (-10.8%) 0.00 212
2019-04-01 $328,489 (7.0%) $424,767 (1.9%) 0.00 213
2019-05-01 $330,550 (8.1%) $441,176 (7.4%) 0.00 227
2019-06-01 $329,900 (6.5%) $433,756 (7.2%) 0.00 256
2019-07-01 $329,925 (9.1%) $427,862 (10.6%) 0.00 275
2019-08-01 $324,950 (8.4%) $417,498 (10.4%) 0.00 293
2019-09-01 $317,525 (3.4%) $408,464 (6.7%) 0.00 296
2019-10-01 $312,950 (0.7%) $402,469 (3.3%) 0.00 298
2019-11-01 $325,000 (5.8%) $426,252 (9.9%) 0.00 292
2019-12-01 $312,450 (-2.1%) $445,420 (10.4%) 0.00 245
2020-01-01 $311,175 (-4.4%) $454,436 (9.9%) 0.00 236
2020-02-01 $316,250 (-1.1%) $466,004 (11.8%) 0.00 208
2020-03-01 $321,200 (-0.8%) $477,536 (13.5%) 0.00 198
2020-04-01 $330,375 (0.6%) $487,165 (14.7%) 0.00 190
2020-05-01 $334,900 (1.3%) $477,244 (8.2%) 0.00 194
2020-06-01 $343,225 (4.0%) $392,894 (-9.4%) 0.00 207
2020-07-01 $349,390 (5.9%) $404,433 (-5.5%) 0.00 197
2020-08-01 $354,995 (9.3%) $407,067 (-2.5%) 0.00 213
2020-09-01 $364,925 (14.9%) $422,818 (3.5%) 0.00 210
2020-10-01 $362,200 (15.7%) $414,307 (2.9%) 0.00 184
2020-11-01 $362,450 (11.5%) $412,674 (-3.2%) 0.00 122
2020-12-01 $359,375 (15.0%) $410,810 (-7.8%) 0.00 93
2021-01-01 $369,000 (18.6%) $431,826 (-5.0%) 0.00 74
2021-02-01 $372,400 (17.8%) $453,188 (-2.8%) 0.00 67
2021-03-01 $380,250 (18.4%) $470,964 (-1.4%) 0.00 71
2021-04-01 $397,475 (20.3%) $552,002 (13.3%) 0.00 80
2021-05-01 $390,000 (16.5%) $535,294 (12.2%) 0.00 99
2021-06-01 $404,450 (17.8%) $542,034 (38.0%) 0.00 120
2021-07-01 $389,500 (11.5%) $483,151 (19.5%) 0.00 127
2021-08-01 $393,100 (10.7%) $508,000 (24.8%) 0.00 133
2021-09-01 $413,675 (13.4%) $530,236 (25.4%) 0.00 148
2021-10-01 $415,000 (14.6%) $524,312 (26.6%) 0.00 148
2021-11-01 $422,450 (16.6%) $539,337 (30.7%) 0.00 120
2021-12-01 $419,450 (16.7%) $550,459 (34.0%) 0.00 96
2022-01-01 $397,200 (7.6%) $566,366 (31.2%) 0.00 83
2022-02-01 $394,875 (6.0%) $548,214 (21.0%) 0.00 80
2022-03-01 $462,450 (21.6%) $619,112 (31.5%) 0.00 98
2022-04-01 $465,000 (17.0%) $628,284 (13.8%) 0.00 109
2022-05-01 $463,450 (18.8%) $589,320 (10.1%) 0.00 138
2022-06-01 $470,850 (16.4%) $585,399 (8.0%) 0.00 193
2022-07-01 $479,900 (23.2%) $553,948 (14.7%) 0.00 241
2022-08-01 $479,975 (22.1%) $554,805 (9.2%) 0.00 270
2022-09-01 $467,475 (13.0%) $556,041 (4.9%) 0.00 260
2022-10-01 $480,000 (15.7%) $565,959 (7.9%) 0.00 260
2022-11-01 $475,950 (12.7%) $553,499 (2.6%) 0.00 278
2022-12-01 $489,500 (16.7%) $569,877 (3.5%) 0.00 249
2023-01-01 $513,625 (29.3%) $582,439 (2.8%) 0.00 223
2023-02-01 $569,588 (44.3%) $617,444 (12.6%) 0.00 207
2023-03-01 $568,700 (23.0%) $626,485 (1.2%) 0.00 178
2023-04-01 $565,000 (21.5%) $646,346 (2.9%) 0.00 159
2023-05-01 $574,988 (24.1%) $647,938 (10.0%) 0.00 177
2023-06-01 $573,600 (21.8%) $641,095 (9.5%) 0.00 183
2023-07-01 $527,450 (9.9%) $624,383 (12.7%) 0.00 207
2023-08-01 $522,100 (8.8%) $606,103 (9.3%) 0.00 233
2023-09-01 $499,900 (6.9%) $583,008 (4.9%) 0.00 264
2023-10-01 $495,000 (3.1%) $567,797 (0.3%) 0.00 262
Longview's median listing price for 2023-10-01 was $495,000, a difference of $15,000 (3.1%) versus the prior year and $-4,900 versus the prior month.

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

Longview's average listing price for 2023-10-01 was $567,797, a difference of $1,838 (0.3%) versus the prior year and $-15,211 versus the prior month.

For the 2023-10-01 period, Longview had 262 MLS listings, a difference of -2 listings (-1%) versus the prior month and 2 listings (1%) 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 2,078 sqft
2018-02-01 0 days 2,175 sqft
2018-03-01 0 days 2,161 sqft
2018-04-01 0 days 2,078 sqft
2018-05-01 0 days 2,009 sqft
2018-06-01 0 days 2,032 sqft
2018-07-01 0 days 1,952 sqft
2018-08-01 0 days 1,935 sqft
2018-09-01 0 days 1,950 sqft
2018-10-01 0 days 1,847 sqft
2018-11-01 0 days 1,848 sqft
2018-12-01 0 days 1,912 sqft
2019-01-01 0 days 1,946 sqft
2019-02-01 0 days 1,914 sqft
2019-03-01 0 days 1,903 sqft
2019-04-01 0 days 1,901 sqft
2019-05-01 0 days 1,986 sqft
2019-06-01 0 days 1,938 sqft
2019-07-01 0 days 1,973 sqft
2019-08-01 0 days 1,922 sqft
2019-09-01 0 days 1,880 sqft
2019-10-01 0 days 1,842 sqft
2019-11-01 0 days 1,846 sqft
2019-12-01 0 days 1,777 sqft
2020-01-01 0 days 1,774 sqft
2020-02-01 0 days 1,721 sqft
2020-03-01 0 days 1,711 sqft
2020-04-01 0 days 1,799 sqft
2020-05-01 0 days 1,800 sqft
2020-06-01 0 days 1,801 sqft
2020-07-01 0 days 1,846 sqft
2020-08-01 0 days 1,924 sqft
2020-09-01 0 days 1,856 sqft
2020-10-01 0 days 1,791 sqft
2020-11-01 0 days 1,820 sqft
2020-12-01 0 days 1,701 sqft
2021-01-01 0 days 1,765 sqft
2021-02-01 0 days 1,722 sqft
2021-03-01 0 days 1,670 sqft
2021-04-01 0 days 1,978 sqft
2021-05-01 0 days 1,762 sqft
2021-06-01 0 days 1,803 sqft
2021-07-01 0 days 1,814 sqft
2021-08-01 0 days 1,805 sqft
2021-09-01 0 days 1,963 sqft
2021-10-01 0 days 1,784 sqft
2021-11-01 0 days 1,874 sqft
2021-12-01 0 days 1,884 sqft
2022-01-01 0 days 1,733 sqft
2022-02-01 0 days 1,650 sqft
2022-03-01 0 days 1,828 sqft
2022-04-01 0 days 1,834 sqft
2022-05-01 0 days 1,837 sqft
2022-06-01 0 days 1,813 sqft
2022-07-01 0 days 1,817 sqft
2022-08-01 0 days 1,864 sqft
2022-09-01 0 days 1,836 sqft
2022-10-01 0 days 1,878 sqft
2022-11-01 0 days 1,958 sqft
2022-12-01 0 days 2,040 sqft
2023-01-01 0 days 2,056 sqft
2023-02-01 0 days 2,126 sqft
2023-03-01 0 days 2,189 sqft
2023-04-01 0 days 2,217 sqft
2023-05-01 0 days 2,181 sqft
2023-06-01 0 days 2,130 sqft
2023-07-01 0 days 2,079 sqft
2023-08-01 0 days 2,090 sqft
2023-09-01 0 days 1,993 sqft
2023-10-01 0 days 2,002 sqft
Longview's median listing age (time on market) for 2023-10-01 was 0 days.

Longview's median square footage for active listings during the 2023-10-01 period was 2,002 sqft. One year prior, the average listing was 1,878 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.