Jacksonville FHA Loan Rates, Closing Costs & Stats
JACKSONVILLE, FL
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Jacksonville's 267 lenders originated 9,251 FHA loans during 2021. The total origination value was $2,121,635,000, with an average FHA loan value of $229,341.
Jacksonville FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Jacksonville
averaged
-0.07%
for the week of 2022-11-25, compared to the national average (all FHA variants) of
0% for the same period.
Jacksonville's average FHA mortgage closing costs are $7,638.
The average rate for the prior week (2022-11-18) was
6.45% and
one month ago for the week of 2022-10-21, the
average rate was 6.96%.
The average rate one year ago was 3.23%.
For refis of the same type during the week of 2022-11-25, the average rate
was -0.23%.
Jacksonville FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Jacksonville level.
The top Jacksonville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
752 FHA loans originated. Their average total fees are
$6,634, which is $926
lower than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Jacksonville FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($3,025), OCEANSIDE MORTGAGE COMPANY ($3,419), Bank of America ($3,446), Mr. Cooper ( Nationstar Mortgage ) ($4,615) and AmeriHome Mortgage Company, LLC ($4,618).
The lowest rate Jacksonville FHA lenders (with over 10 loans originated) are
MATTAMY HOME FUNDING, LLC (2.56%), Flagstar Bank, FSB (2.63%), Regions Bank (2.73%), InterContinental Capital Group, Inc (2.73%) and QUICKEN LOANS, LLC (2.74%).
Jacksonville FHA Loan Limits
| Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
|---|---|---|---|---|---|---|
| JACKSONVILLE, FL | BAKER | 2022 | $432,400 | $553,550 | $669,100 | $831,550 |
| JACKSONVILLE, FL | CLAY | 2022 | $432,400 | $553,550 | $669,100 | $831,550 |
| JACKSONVILLE, FL | DUVAL | 2022 | $432,400 | $553,550 | $669,100 | $831,550 |
| JACKSONVILLE, FL | NASSAU | 2022 | $432,400 | $553,550 | $669,100 | $831,550 |
| JACKSONVILLE, FL | ST. JOHNS | 2022 | $432,400 | $553,550 | $669,100 | $831,550 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Jacksonville (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 | $311,693 (9.4%) | $425,484 (6.3%) | 1.16 | 6,550 |
| 2018-02-01 | $318,945 (11.1%) | $432,082 (8.2%) | 1.16 | 6,712 |
| 2018-03-01 | $324,900 (9.0%) | $443,160 (7.9%) | 1.14 | 6,992 |
| 2018-04-01 | $324,450 (7.6%) | $443,603 (5.9%) | 1.10 | 7,118 |
| 2018-05-01 | $319,950 (1.6%) | $444,295 (2.3%) | 1.07 | 7,352 |
| 2018-06-01 | $319,900 (3.4%) | $437,229 (1.8%) | 1.07 | 7,620 |
| 2018-07-01 | $309,000 (0.0%) | $423,006 (-1.1%) | 1.03 | 8,145 |
| 2018-08-01 | $302,364 (-2.2%) | $419,444 (-1.8%) | 1.01 | 8,170 |
| 2018-09-01 | $299,000 (-1.6%) | $411,138 (-2.9%) | 1.00 | 8,166 |
| 2018-10-01 | $294,995 (-4.6%) | $406,954 (-3.3%) | 1.00 | 8,337 |
| 2018-11-01 | $291,495 (-6.0%) | $403,815 (-4.7%) | 0.99 | 8,430 |
| 2018-12-01 | $295,900 (-3.0%) | $403,968 (-3.6%) | 1.02 | 8,115 |
| 2019-01-01 | $297,127 (-4.7%) | $408,528 (-4.0%) | 1.03 | 7,814 |
| 2019-02-01 | $299,900 (-6.0%) | $415,326 (-3.9%) | 1.01 | 7,885 |
| 2019-03-01 | $305,081 (-6.1%) | $428,880 (-3.2%) | 1.00 | 7,868 |
| 2019-04-01 | $312,488 (-3.7%) | $443,597 (0.0%) | 0.99 | 7,901 |
| 2019-05-01 | $314,950 (-1.6%) | $445,442 (0.3%) | 0.98 | 7,925 |
| 2019-06-01 | $310,995 (-2.8%) | $444,217 (1.6%) | 0.97 | 7,969 |
| 2019-07-01 | $307,995 (-0.3%) | $438,938 (3.8%) | 0.96 | 7,906 |
| 2019-08-01 | $303,626 (0.4%) | $436,262 (4.0%) | 0.96 | 7,887 |
| 2019-09-01 | $301,530 (0.9%) | $435,983 (6.0%) | 0.96 | 7,794 |
| 2019-10-01 | $299,913 (1.7%) | $435,182 (6.9%) | 0.97 | 7,740 |
| 2019-11-01 | $299,999 (2.9%) | $437,321 (8.3%) | 0.98 | 7,615 |
| 2019-12-01 | $299,945 (1.4%) | $437,532 (8.3%) | 1.00 | 7,265 |
| 2020-01-01 | $299,950 (1.0%) | $437,873 (7.2%) | 1.00 | 6,881 |
| 2020-02-01 | $310,000 (3.4%) | $444,666 (7.1%) | 1.01 | 6,805 |
| 2020-03-01 | $311,343 (2.1%) | $441,787 (3.0%) | 0.98 | 6,867 |
| 2020-04-01 | $299,950 (-4.0%) | $428,323 (-3.4%) | 0.94 | 7,405 |
| 2020-05-01 | $305,900 (-2.9%) | $434,121 (-2.5%) | 0.93 | 7,061 |
| 2020-06-01 | $307,495 (-1.1%) | $435,027 (-2.1%) | 0.91 | 6,246 |
| 2020-07-01 | $312,450 (1.5%) | $442,425 (0.8%) | 0.91 | 5,652 |
| 2020-08-01 | $315,000 (3.8%) | $450,878 (3.4%) | 0.90 | 5,046 |
| 2020-09-01 | $315,000 (4.5%) | $458,365 (5.1%) | 0.90 | 4,461 |
| 2020-10-01 | $308,500 (2.9%) | $456,654 (4.9%) | 0.88 | 4,276 |
| 2020-11-01 | $302,423 (0.8%) | $461,459 (5.5%) | 0.88 | 4,099 |
| 2020-12-01 | $300,000 (0.0%) | $464,445 (6.2%) | 0.89 | 3,720 |
| 2021-01-01 | $306,835 (2.3%) | $472,007 (7.8%) | 0.92 | 3,061 |
| 2021-02-01 | $314,270 (1.4%) | $494,540 (11.2%) | 0.91 | 2,470 |
| 2021-03-01 | $318,122 (2.2%) | $502,249 (13.7%) | 0.90 | 2,179 |
| 2021-04-01 | $329,450 (9.8%) | $523,682 (22.3%) | 0.89 | 2,164 |
| 2021-05-01 | $335,100 (9.6%) | $519,694 (19.7%) | 0.89 | 2,233 |
| 2021-06-01 | $344,495 (12.0%) | $518,890 (19.3%) | 0.91 | 2,460 |
| 2021-07-01 | $349,057 (11.7%) | $526,220 (18.9%) | 0.92 | 2,771 |
| 2021-08-01 | $350,000 (11.1%) | $525,907 (16.6%) | 0.93 | 2,908 |
| 2021-09-01 | $359,900 (14.3%) | $526,964 (15.0%) | 0.96 | 3,034 |
| 2021-10-01 | $355,000 (15.1%) | $511,063 (11.9%) | 0.95 | 3,099 |
| 2021-11-01 | $360,143 (19.1%) | $521,465 (13.0%) | 0.96 | 2,800 |
| 2021-12-01 | $367,450 (22.5%) | $545,330 (17.4%) | 1.00 | 2,414 |
| 2022-01-01 | $372,995 (21.6%) | $563,125 (19.3%) | 1.01 | 2,167 |
| 2022-02-01 | $379,950 (20.9%) | $580,808 (17.4%) | 0.99 | 1,880 |
| 2022-03-01 | $397,450 (24.9%) | $602,914 (20.0%) | 1.00 | 1,753 |
| 2022-04-01 | $409,999 (24.5%) | $601,406 (14.8%) | 0.98 | 2,024 |
| 2022-05-01 | $430,473 (28.5%) | $614,476 (18.2%) | 0.98 | 2,676 |
| 2022-06-01 | $442,475 (28.4%) | $615,352 (18.6%) | 0.99 | 3,405 |
| 2022-07-01 | $429,900 (23.2%) | $598,488 (13.7%) | 0.97 | 4,402 |
| 2022-08-01 | $420,448 (20.1%) | $590,395 (12.3%) | 0.97 | 5,170 |
| 2022-09-01 | $407,500 (13.2%) | $569,312 (8.0%) | 0.95 | 5,595 |
| 2022-10-01 | $400,000 (12.7%) | $564,276 (10.4%) | 0.94 | 5,869 |
Jacksonville's median listing price comes in at 94% of the national average.
Jacksonville's average listing price for 2022-10-01 was $564,276, a difference of $53,213 (10.4%) versus the prior year and $-5,036 versus the prior month.
For the 2022-10-01 period, Jacksonville had 5,869 MLS listings, a difference of 274 listings (5%) versus the prior month and 2,770 listings (89%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Jacksonville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 82 days | 2,075 sqft |
| 2018-02-01 | 75 days | 2,077 sqft |
| 2018-03-01 | 57 days | 2,115 sqft |
| 2018-04-01 | 58 days | 2,113 sqft |
| 2018-05-01 | 59 days | 2,098 sqft |
| 2018-06-01 | 60 days | 2,103 sqft |
| 2018-07-01 | 62 days | 2,056 sqft |
| 2018-08-01 | 64 days | 2,037 sqft |
| 2018-09-01 | 67 days | 2,013 sqft |
| 2018-10-01 | 68 days | 1,999 sqft |
| 2018-11-01 | 72 days | 1,986 sqft |
| 2018-12-01 | 77 days | 1,988 sqft |
| 2019-01-01 | 84 days | 1,978 sqft |
| 2019-02-01 | 80 days | 1,972 sqft |
| 2019-03-01 | 68 days | 2,012 sqft |
| 2019-04-01 | 60 days | 2,043 sqft |
| 2019-05-01 | 63 days | 2,055 sqft |
| 2019-06-01 | 64 days | 2,048 sqft |
| 2019-07-01 | 67 days | 2,041 sqft |
| 2019-08-01 | 69 days | 2,019 sqft |
| 2019-09-01 | 71 days | 2,002 sqft |
| 2019-10-01 | 72 days | 1,988 sqft |
| 2019-11-01 | 71 days | 1,986 sqft |
| 2019-12-01 | 74 days | 1,979 sqft |
| 2020-01-01 | 82 days | 1,975 sqft |
| 2020-02-01 | 75 days | 1,981 sqft |
| 2020-03-01 | 61 days | 1,960 sqft |
| 2020-04-01 | 64 days | 1,914 sqft |
| 2020-05-01 | 71 days | 1,933 sqft |
| 2020-06-01 | 78 days | 1,931 sqft |
| 2020-07-01 | 77 days | 1,936 sqft |
| 2020-08-01 | 75 days | 1,922 sqft |
| 2020-09-01 | 70 days | 1,894 sqft |
| 2020-10-01 | 63 days | 1,862 sqft |
| 2020-11-01 | 62 days | 1,851 sqft |
| 2020-12-01 | 64 days | 1,830 sqft |
| 2021-01-01 | 65 days | 1,819 sqft |
| 2021-02-01 | 60 days | 1,802 sqft |
| 2021-03-01 | 48 days | 1,808 sqft |
| 2021-04-01 | 40 days | 1,806 sqft |
| 2021-05-01 | 41 days | 1,811 sqft |
| 2021-06-01 | 36 days | 1,800 sqft |
| 2021-07-01 | 37 days | 1,800 sqft |
| 2021-08-01 | 37 days | 1,797 sqft |
| 2021-09-01 | 38 days | 1,784 sqft |
| 2021-10-01 | 39 days | 1,798 sqft |
| 2021-11-01 | 44 days | 1,792 sqft |
| 2021-12-01 | 51 days | 1,796 sqft |
| 2022-01-01 | 50 days | 1,798 sqft |
| 2022-02-01 | 38 days | 1,799 sqft |
| 2022-03-01 | 36 days | 1,853 sqft |
| 2022-04-01 | 29 days | 1,831 sqft |
| 2022-05-01 | 29 days | 1,857 sqft |
| 2022-06-01 | 30 days | 1,856 sqft |
| 2022-07-01 | 34 days | 1,850 sqft |
| 2022-08-01 | 41 days | 1,846 sqft |
| 2022-09-01 | 47 days | 1,831 sqft |
| 2022-10-01 | 54 days | 1,823 sqft |
Jacksonville's median square footage for active listings during the 2022-10-01 period was 1,823 sqft. One year prior, the average listing was 1,798 sqft.
