Longview VA Loans

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 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 104 lenders originated 767 VA loans during 2021. The total origination value was $242,405,000, with an average VA loan value of $316,043.

Longview VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Longview averaged 5.68% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.49% and one month ago for the week of 2022-04-15, the average rate was 5.15%.

The average rate one year ago was 3.14%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.47%.

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 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
GUILD MORTGAGE COMPANY 81 2.66% $6,658
QUICKEN LOANS, LLC 58 2.37% $4,783
FREEDOM MORTGAGE CORPORATION 56 2.46% $3,207
PENNYMAC LOAN SERVICES, LLC 34 2.35% $5,640
Mortgage Research Center, LLC 33 2.78% $8,765
ACADEMY MORTGAGE CORPORATION 24 2.68% $10,353
CALIBER HOME LOANS, INC. 24 2.47% $4,964
The Federal Savings Bank 20 2.51% $9,323
MANN FINANCIAL INC. 18 3.16% $11,790
UNITED WHOLESALE MORTGAGE, LLC 18 2.51% $6,108
LAKEVIEW LOAN SERVICING, LLC 18 2.44% $2,509
NEW DAY FINANCIAL, LLC 17 2.61% $8,926
LOANDEPOT.COM, LLC 17 2.58% $6,150
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 16 3.22% $11,823
NATIONS DIRECT MORTGAGE, LLC 14 2.56% $4,936
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 3.12% $8,750
HOME POINT FINANCIAL CORPORATION 11 2.49% $5,610
AMERICAN FINANCIAL NETWORK, INC. 10 2.68% $9,980
Umpqua Bank 10 2.75% $10,529
SUMMIT MORTGAGE CORPORATION 10 2.74% $9,664
MOVEMENT MORTGAGE, LLC 8 3.11% $6,123
Mr. Cooper ( Nationstar Mortgage ) 7 2.88% $4,641
Wells Fargo Bank 7 2.52% $3,577
AMERICAN PACIFIC MORTGAGE CORPORATION 7 2.93% $9,057
FINANCE OF AMERICA MORTGAGE LLC 6 2.92% $8,327
Barrington Bank & Trust Company, N.A. 5 2.71% $2,194
HomeStreet Bank 5 2.78% $8,740
NP, Inc. 5 2.30% $5,064
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 2.98% $6,384
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 5 3.38% $6,204
NAVY FEDERAL CREDIT UNION 5 2.35% $5,877
CROSSCOUNTRY MORTGAGE, LLC 5 2.73% $4,838
USAA Federal Savings Bank 5 2.78% $5,547
Carrington Mortgage Services, LLC 5 2.43% $5,881
Magnolia Bank 4 2.56% $15,587
PREMIER MORTGAGE RESOURCES, L.L.C. 4 2.69% $5,331
VILLAGE CAPITAL & INVESTMENT LLC 4 3.00% $3,553
Sierra Pacific Mortgage Company, Inc. 4 3.25% $7,906
NEWREZ LLC 4 2.47% $4,961
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.56% $5,042
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.06% $10,445
MUTUAL OF OMAHA MORTGAGE, INC. 4 2.63% $5,944
STEARNS LENDING, LLC 3 2.75% $9,564
Paramount Residential Mortgage Group, Inc. 3 2.96% $5,951
PLANET HOME LENDING, LLC 3 2.29% $2,982
AMERICAN FINANCING CORPORATION 3 3.04% $4,142
TJC Mortgage, Inc. 3 2.29% $7,072
Willamette Valley Bank 3 2.79% $8,123
JPMorgan Chase Bank 2 2.56% $5,218
Columbia State Bank 2 2.94% $3,513
Banner Bank 2 2.31% $10,439
Hometown Lenders, Inc. 2 3.00% $7,522
CRESCENT MORTGAGE COMPANY 2 2.69% $2,786
GUARANTEED RATE, INC. 2 2.44% $13,412
SUN WEST MORTGAGE COMPANY, INC. 2 2.25% $2,113
LPMC, LLC 2 2.81% $16,838
First Mortgage Solutions, LLC 2 2.25% $1,946
First Guaranty Mortgage Corporation 2 2.81% $384
First Federal Bank 2 3.00% $21,031
FIRST CENTENNIAL MORTGAGE CORPORATION 2 2.56% $3,226
PENTAGON FEDERAL CREDIT UNION 2 2.31% $926
AMERISAVE MORTGAGE CORPORATION 2 2.31% $6,317
North American Savings Bank, F.S.B. 2 2.25% $2,342
DIRECTORS MORTGAGE, INC. 2 2.50% $5,344
Nations Lending Corporation 2 2.69% $12,284
Strong Home Mortgage, LLC 1 2.25% $59
ACCELERATE MORTGAGE, LLC 1 2.25% $1,716
AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $4,004
AmRes Corporation 1 2.88% $11,812
Bank of England 1 3.38% $4,509
BAY EQUITY LLC 1 2.75% $13,500
BELEM SERVICING LLC 1 3.25% $15,344
BKCO MORTGAGE, LLC 1 3.25% $15,430
BROKER SOLUTIONS, INC. 1 2.25% $5,505
CMG MORTGAGE, INC. 1 3.25% $9,393
Commerce Home Mortgage, Inc. 1 2.75% $3,163
CONTOUR MORTGAGE CORPORATION 1 3.25% $5,679
Equity Prime Mortgage LLC 1 3.63% $1,171
EVERETT FINANCIAL, INC. 1 2.25% $3,090
First Home Bank 1 2.88% $2,597
Flagstar Bank, FSB 1 2.75% $7,483
Gateway First Bank 1 3.38% $19,436
GENEVA FINANCIAL, LLC 1 3.13% $0
INTERCAP LENDING INC. 1 2.25% $3,653
InterContinental Capital Group, Inc 1 2.75% $8,231
KELLER MORTGAGE, LLC 1 2.88% $9,444
LEADERONE FINANCIAL CORPORATION 1 2.63% $4,413
LIBERTY HOME MORTGAGE CORPORATION 1 2.25% $5,098
LOANPAL, LLC 1 2.25% $9,551
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.25% $5,174
NETWORK CAPITAL FUNDING CORPORATION 1 2.63% $950
Northpointe Bank 1 2.25% $3,980
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.63% $25,862
PARKSIDE LENDING, LLC 1 2.25% $3,150
PHH Mortgage Corporation 1 2.88% $6,473
PLAZA HOME MORTGAGE, INC. 1 2.88% $14,147
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $5,688
Prosperity Home Mortgage, LLC 1 2.50% $9,856
RANLIFE, INC. 1 2.75% $2,152
RELIANCE FIRST CAPITAL, LLC 1 2.63% $9,405
SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $18,910
SUMMIT FUNDING, INC. 1 2.75% $3,391
T2 FINANCIAL LLC 1 2.88% $4,206
TOP FLITE FINANCIAL, INC. 1 3.25% $13,732

The top Longview VA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 81 VA loans originated. Their average total fees are $6,658, which is $1,875 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Longview VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,509), FREEDOM MORTGAGE CORPORATION ($3,207), QUICKEN LOANS, LLC ($4,783), NATIONS DIRECT MORTGAGE, LLC ($4,936) and CALIBER HOME LOANS, INC. ($4,964).

The lowest rate Longview VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.35%), QUICKEN LOANS, LLC (2.37%), LAKEVIEW LOAN SERVICING, LLC (2.44%), FREEDOM MORTGAGE CORPORATION (2.46%) and CALIBER HOME LOANS, INC. (2.47%).


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 $294,500 (15.1%) $501,004 (-1.5%) 0.00 286
2018-02-01 $316,500 (31.9%) $526,721 (0.9%) 0.00 253
2018-03-01 $309,900 (26.8%) $529,471 (3.3%) 0.00 232
2018-04-01 $305,350 (7.1%) $438,954 (-9.7%) 0.00 262
2018-05-01 $305,000 (8.8%) $432,640 (-6.1%) 0.00 311
2018-06-01 $310,000 (3.5%) $413,510 (-12.3%) 0.00 381
2018-07-01 $300,000 (-7.7%) $401,576 (-16.8%) 0.00 409
2018-08-01 $299,900 (-1.2%) $395,898 (-10.5%) 0.00 444
2018-09-01 $305,000 (1.7%) $402,467 (-9.7%) 0.00 451
2018-10-01 $314,950 (8.3%) $408,574 (-7.2%) 0.00 449
2018-11-01 $314,900 (9.3%) $412,069 (-8.1%) 0.00 427
2018-12-01 $324,800 (10.5%) $428,858 (-10.1%) 0.00 374
2019-01-01 $324,950 (10.3%) $438,114 (-12.6%) 0.00 343
2019-02-01 $319,900 (1.1%) $448,876 (-14.8%) 0.00 295
2019-03-01 $323,800 (4.5%) $454,466 (-14.2%) 0.00 272
2019-04-01 $329,000 (7.8%) $456,747 (4.1%) 0.00 271
2019-05-01 $336,250 (10.3%) $465,428 (7.6%) 0.00 278
2019-06-01 $329,900 (6.4%) $459,065 (11.0%) 0.00 332
2019-07-01 $334,950 (11.7%) $452,468 (12.7%) 0.00 353
2019-08-01 $332,714 (10.9%) $448,025 (13.2%) 0.00 360
2019-09-01 $329,850 (8.2%) $443,649 (10.2%) 0.00 347
2019-10-01 $322,445 (2.4%) $433,410 (6.1%) 0.00 392
2019-11-01 $325,000 (3.2%) $475,888 (15.5%) 0.00 382
2019-12-01 $312,450 (-3.8%) $480,840 (12.1%) 0.00 333
2020-01-01 $313,750 (-3.5%) $493,086 (12.6%) 0.00 309
2020-02-01 $319,900 (0.0%) $515,665 (14.9%) 0.00 261
2020-03-01 $325,000 (0.4%) $528,202 (16.2%) 0.00 252
2020-04-01 $335,000 (1.8%) $536,228 (17.4%) 0.00 239
2020-05-01 $339,900 (1.1%) $533,169 (14.6%) 0.00 249
2020-06-01 $343,500 (4.1%) $398,579 (-13.2%) 0.00 254
2020-07-01 $343,500 (2.6%) $398,025 (-12.0%) 0.00 235
2020-08-01 $350,000 (5.2%) $406,663 (-9.2%) 0.00 258
2020-09-01 $364,450 (10.5%) $426,909 (-3.8%) 0.00 250
2020-10-01 $360,000 (11.7%) $422,134 (-2.6%) 0.00 213
2020-11-01 $354,950 (9.2%) $422,357 (-11.3%) 0.00 148
2020-12-01 $338,500 (8.3%) $423,181 (-12.0%) 0.00 109
2021-01-01 $365,000 (16.3%) $449,239 (-8.9%) 0.00 91
2021-02-01 $369,450 (15.5%) $456,845 (-11.4%) 0.00 83
2021-03-01 $382,500 (17.7%) $486,882 (-7.8%) 0.00 82
2021-04-01 $399,900 (19.4%) $547,078 (2.0%) 0.00 100
2021-05-01 $399,900 (17.7%) $532,997 (0.0%) 0.00 126
2021-06-01 $405,500 (18.1%) $539,122 (35.3%) 0.00 143
2021-07-01 $389,000 (13.3%) $502,664 (26.3%) 0.00 160
2021-08-01 $397,500 (13.6%) $516,551 (27.0%) 0.00 176
2021-09-01 $417,450 (14.5%) $541,041 (26.7%) 0.00 196
2021-10-01 $425,000 (18.1%) $528,274 (25.1%) 0.00 201
2021-11-01 $424,450 (19.6%) $534,841 (26.6%) 0.00 163
2021-12-01 $419,450 (23.9%) $542,299 (28.2%) 0.00 130
2022-01-01 $389,900 (6.8%) $534,504 (19.0%) 0.00 109
2022-02-01 $397,450 (7.6%) $523,770 (14.7%) 0.00 96
2022-03-01 $425,500 (11.2%) $569,020 (16.9%) 0.00 110
2022-04-01 $455,000 (13.8%) $583,447 (6.7%) 0.00 141
Longview's median listing price for 2022-04-01 was $455,000, a difference of $55,100 (13.8%) versus the prior year and $29,500 versus the prior month.

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

Longview's average listing price for 2022-04-01 was $583,447, a difference of $36,369 (6.7%) versus the prior year and $14,427 versus the prior month.

For the 2022-04-01 period, Longview had 141 MLS listings, a difference of 31 listings (28%) versus the prior month and 41 listings (41%) 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 2,021 sqft
2018-02-01 0 days 2,104 sqft
2018-03-01 0 days 2,068 sqft
2018-04-01 0 days 2,040 sqft
2018-05-01 0 days 2,009 sqft
2018-06-01 0 days 1,948 sqft
2018-07-01 0 days 1,905 sqft
2018-08-01 0 days 1,973 sqft
2018-09-01 0 days 1,950 sqft
2018-10-01 0 days 1,926 sqft
2018-11-01 0 days 1,884 sqft
2018-12-01 0 days 1,923 sqft
2019-01-01 0 days 1,920 sqft
2019-02-01 0 days 1,882 sqft
2019-03-01 0 days 1,899 sqft
2019-04-01 0 days 1,936 sqft
2019-05-01 0 days 1,984 sqft
2019-06-01 0 days 1,981 sqft
2019-07-01 0 days 1,971 sqft
2019-08-01 0 days 1,959 sqft
2019-09-01 0 days 1,923 sqft
2019-10-01 0 days 1,868 sqft
2019-11-01 0 days 1,869 sqft
2019-12-01 0 days 1,806 sqft
2020-01-01 0 days 1,781 sqft
2020-02-01 0 days 1,771 sqft
2020-03-01 0 days 1,761 sqft
2020-04-01 0 days 1,843 sqft
2020-05-01 0 days 1,850 sqft
2020-06-01 0 days 1,856 sqft
2020-07-01 0 days 1,871 sqft
2020-08-01 0 days 1,928 sqft
2020-09-01 0 days 1,881 sqft
2020-10-01 0 days 1,827 sqft
2020-11-01 0 days 1,810 sqft
2020-12-01 0 days 1,642 sqft
2021-01-01 0 days 1,763 sqft
2021-02-01 0 days 1,667 sqft
2021-03-01 0 days 1,636 sqft
2021-04-01 0 days 1,899 sqft
2021-05-01 0 days 1,756 sqft
2021-06-01 0 days 1,828 sqft
2021-07-01 0 days 1,817 sqft
2021-08-01 0 days 1,810 sqft
2021-09-01 0 days 1,969 sqft
2021-10-01 0 days 1,896 sqft
2021-11-01 0 days 1,887 sqft
2021-12-01 0 days 1,875 sqft
2022-01-01 0 days 1,703 sqft
2022-02-01 0 days 1,690 sqft
2022-03-01 0 days 1,762 sqft
2022-04-01 0 days 1,828 sqft
Longview's median listing age (time on market) for 2022-04-01 was 0 days.

Longview's median square footage for active listings during the 2022-04-01 period was 1,828 sqft. One year prior, the average listing was 1,899 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.