Longview VA Loan Rates, Closing Costs & Stats

LONGVIEW, WA

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    • 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.