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 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 6.92% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Longview's average VA mortgage closing costs are $6,851.

    The average rate for the prior week (2024-04-12) was 6.85% and one month ago for the week of 2024-03-15, the average rate was 6.91%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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.