Compare mortgage rates and fees for leading lenders in Longview, WA. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Longview.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Longview. Plus, shopping lenders is free and there is no obligation.
October 1, 2020
The current average rate for a 30 year fixed rate mortgage in Longview is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
Below we provide helpful information on the real estate market, home prices and housing affordability in Longview. Understand how much you need to earn to afford a home in Longview, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Longview fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Longview is right for you.
The median home value for Longview, WA (Cowlitz County) is $268,526
Based on current mortgage rates and a 10% down payment, you need to make $48,328 per year to buy the median priced home in Longview
With this income, you could qualify for a $241,673 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Longview is $1,119
The median household income for Longview, WA (Cowlitz County) is $52,525
Based on this income, you can afford a home valued at approximately $291,850
The home price you can afford to buy based on household income in Longview is 109% of the median home value which means housing prices are average. Longview (Cowlitz County) ranks 23 out of 39 counties in Washington and 2,936 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Longview, WA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Longview (Cowlitz County) below.
Conforming loan limits for Longview, WA
FHA loan limits for Longview, WA
VA loan limits for Longview, WA