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 238 lenders originated 6,209 FHA loans during 2023. The total origination value was $1,798,975,000, with an average FHA loan value of $289,737.
Jacksonville FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Jacksonville
averaged
6.62%
for the week of 2024-04-19, compared to the national average (all FHA variants) of
6.855% for the same period.
Jacksonville's average FHA mortgage closing costs are $8,813.
The average rate for the prior week (2024-04-12) was
6.41% and
one month ago for the week of 2024-03-15, the
average rate was 6.08%.
The average rate one year ago was 6.11%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.83%.
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 UNITED WHOLESALE MORTGAGE, LLC, with
863 FHA loans originated. Their average total fees are
$13,467, which is $5,021
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Jacksonville FHA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($6,126), VYSTAR ($6,532), HOMEAMERICAN MORTGAGE CORPORATION ($7,400), JPMorgan Chase Bank ($7,643) and SWBC MORTGAGE CORPORATION ($8,220).
The lowest rate Jacksonville FHA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.06%), DHI MORTGAGE COMPANY, LTD. (5.29%), HOMEAMERICAN MORTGAGE CORPORATION (5.39%), South Pacific Financial Corporation (5.44%) and NVR Mortgage Finance, Inc. (5.45%).
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 |
| JACKSONVILLE, FL | BAKER | 2023 | $526,700 | $674,250 | $815,050 | $1,012,900 |
| JACKSONVILLE, FL | CLAY | 2023 | $526,700 | $674,250 | $815,050 | $1,012,900 |
| JACKSONVILLE, FL | DUVAL | 2023 | $526,700 | $674,250 | $815,050 | $1,012,900 |
| JACKSONVILLE, FL | NASSAU | 2023 | $526,700 | $674,250 | $815,050 | $1,012,900 |
| JACKSONVILLE, FL | ST. JOHNS | 2023 | $526,700 | $674,250 | $815,050 | $1,012,900 |
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 | $311,750 (9.4%) | $425,365 (6.3%) | 1.16 | 6,546 |
| 2018-02-01 | $318,945 (11.1%) | $431,988 (8.2%) | 1.16 | 6,707 |
| 2018-03-01 | $324,900 (9.0%) | $443,043 (7.9%) | 1.14 | 6,988 |
| 2018-04-01 | $324,450 (7.6%) | $443,499 (5.9%) | 1.10 | 7,114 |
| 2018-05-01 | $319,950 (1.6%) | $444,180 (2.3%) | 1.07 | 7,350 |
| 2018-06-01 | $319,900 (3.4%) | $437,133 (1.8%) | 1.07 | 7,618 |
| 2018-07-01 | $309,000 (0.0%) | $422,864 (-1.2%) | 1.03 | 8,142 |
| 2018-08-01 | $302,295 (-2.2%) | $419,305 (-1.8%) | 1.01 | 8,167 |
| 2018-09-01 | $299,000 (-1.6%) | $411,008 (-2.9%) | 1.01 | 8,163 |
| 2018-10-01 | $294,995 (-4.6%) | $406,825 (-3.3%) | 1.00 | 8,334 |
| 2018-11-01 | $291,495 (-6.0%) | $403,686 (-4.7%) | 0.99 | 8,427 |
| 2018-12-01 | $295,895 (-3.0%) | $403,835 (-3.6%) | 1.02 | 8,114 |
| 2019-01-01 | $296,995 (-4.7%) | $408,388 (-4.0%) | 1.03 | 7,813 |
| 2019-02-01 | $299,900 (-6.0%) | $415,188 (-3.9%) | 1.01 | 7,884 |
| 2019-03-01 | $305,081 (-6.1%) | $428,793 (-3.2%) | 1.00 | 7,863 |
| 2019-04-01 | $312,312 (-3.7%) | $443,583 (0.0%) | 0.99 | 7,891 |
| 2019-05-01 | $314,950 (-1.6%) | $445,407 (0.3%) | 0.98 | 7,911 |
| 2019-06-01 | $311,302 (-2.7%) | $444,273 (1.6%) | 0.97 | 7,951 |
| 2019-07-01 | $308,117 (-0.3%) | $438,962 (3.8%) | 0.96 | 7,885 |
| 2019-08-01 | $303,969 (0.6%) | $436,270 (4.1%) | 0.96 | 7,866 |
| 2019-09-01 | $301,680 (0.9%) | $435,985 (6.1%) | 0.97 | 7,772 |
| 2019-10-01 | $299,925 (1.7%) | $435,200 (7.0%) | 0.97 | 7,718 |
| 2019-11-01 | $299,999 (2.9%) | $437,370 (8.3%) | 0.98 | 7,593 |
| 2019-12-01 | $299,948 (1.4%) | $437,599 (8.4%) | 1.00 | 7,243 |
| 2020-01-01 | $299,950 (1.0%) | $437,961 (7.2%) | 1.00 | 6,861 |
| 2020-02-01 | $310,000 (3.4%) | $444,812 (7.1%) | 1.01 | 6,784 |
| 2020-03-01 | $311,493 (2.1%) | $441,916 (3.1%) | 0.98 | 6,845 |
| 2020-04-01 | $299,950 (-4.0%) | $428,421 (-3.4%) | 0.94 | 7,385 |
| 2020-05-01 | $305,990 (-2.8%) | $434,250 (-2.5%) | 0.93 | 7,040 |
| 2020-06-01 | $308,423 (-0.9%) | $435,167 (-2.1%) | 0.91 | 6,225 |
| 2020-07-01 | $312,450 (1.4%) | $442,590 (0.8%) | 0.91 | 5,631 |
| 2020-08-01 | $315,000 (3.6%) | $451,078 (3.4%) | 0.90 | 5,025 |
| 2020-09-01 | $315,000 (4.4%) | $458,640 (5.2%) | 0.90 | 4,440 |
| 2020-10-01 | $309,500 (3.2%) | $456,928 (5.0%) | 0.89 | 4,255 |
| 2020-11-01 | $302,945 (1.0%) | $461,768 (5.6%) | 0.89 | 4,078 |
| 2020-12-01 | $300,864 (0.3%) | $464,782 (6.2%) | 0.89 | 3,699 |
| 2021-01-01 | $303,900 (1.3%) | $470,488 (7.4%) | 0.91 | 3,040 |
| 2021-02-01 | $313,503 (1.1%) | $492,995 (10.8%) | 0.91 | 2,450 |
| 2021-03-01 | $319,450 (2.6%) | $502,391 (13.7%) | 0.91 | 2,159 |
| 2021-04-01 | $329,950 (10.0%) | $523,859 (22.3%) | 0.89 | 2,144 |
| 2021-05-01 | $336,600 (10.0%) | $519,338 (19.6%) | 0.89 | 2,213 |
| 2021-06-01 | $345,592 (12.1%) | $519,530 (19.4%) | 0.91 | 2,441 |
| 2021-07-01 | $349,900 (12.0%) | $527,632 (19.2%) | 0.92 | 2,753 |
| 2021-08-01 | $350,000 (11.1%) | $526,848 (16.8%) | 0.93 | 2,893 |
| 2021-09-01 | $359,923 (14.3%) | $527,742 (15.1%) | 0.96 | 3,017 |
| 2021-10-01 | $355,000 (14.7%) | $511,506 (11.9%) | 0.95 | 3,080 |
| 2021-11-01 | $361,500 (19.3%) | $521,969 (13.0%) | 0.97 | 2,780 |
| 2021-12-01 | $367,950 (22.3%) | $546,586 (17.6%) | 1.00 | 2,394 |
| 2022-01-01 | $375,000 (23.4%) | $564,407 (20.0%) | 1.01 | 2,147 |
| 2022-02-01 | $380,000 (21.2%) | $580,587 (17.8%) | 0.99 | 1,859 |
| 2022-03-01 | $395,925 (23.9%) | $600,690 (19.6%) | 0.99 | 1,732 |
| 2022-04-01 | $410,000 (24.3%) | $601,499 (14.8%) | 0.98 | 2,003 |
| 2022-05-01 | $427,950 (27.1%) | $612,944 (18.0%) | 0.98 | 2,655 |
| 2022-06-01 | $439,473 (27.2%) | $611,924 (17.8%) | 0.98 | 3,384 |
| 2022-07-01 | $426,963 (22.0%) | $595,293 (12.8%) | 0.96 | 4,383 |
| 2022-08-01 | $420,135 (20.0%) | $590,359 (12.1%) | 0.97 | 5,149 |
| 2022-09-01 | $409,498 (13.8%) | $570,660 (8.1%) | 0.96 | 5,574 |
| 2022-10-01 | $400,000 (12.7%) | $564,187 (10.3%) | 0.94 | 5,848 |
| 2022-11-01 | $397,500 (10.0%) | $550,419 (5.5%) | 0.96 | 6,048 |
| 2022-12-01 | $389,000 (5.7%) | $543,580 (-0.6%) | 0.96 | 5,804 |
| 2023-01-01 | $385,000 (2.7%) | $544,127 (-3.6%) | 0.95 | 5,299 |
| 2023-02-01 | $389,720 (2.6%) | $555,031 (-4.4%) | 0.94 | 5,065 |
| 2023-03-01 | $399,450 (0.9%) | $577,661 (-3.8%) | 0.94 | 4,789 |
| 2023-04-01 | $410,000 (0.0%) | $599,640 (-0.3%) | 0.95 | 4,498 |
| 2023-05-01 | $426,376 (-0.4%) | $623,358 (1.7%) | 0.97 | 4,446 |
| 2023-06-01 | $438,998 (-0.1%) | $631,847 (3.3%) | 0.99 | 4,716 |
| 2023-07-01 | $435,000 (1.9%) | $626,948 (5.3%) | 0.99 | 4,827 |
| 2023-08-01 | $427,500 (1.8%) | $607,780 (3.0%) | 0.98 | 4,961 |
| 2023-09-01 | $424,900 (3.8%) | $602,249 (5.5%) | 0.99 | 5,271 |
| 2023-10-01 | $425,000 (6.3%) | $603,796 (7.0%) | 1.00 | 5,678 |
| 2023-11-01 | $412,000 (3.7%) | $588,535 (6.9%) | 0.98 | 5,967 |
| 2023-12-01 | $407,697 (4.8%) | $577,685 (6.3%) | 0.99 | 5,951 |
| 2024-01-01 | $404,950 (5.2%) | $573,897 (5.5%) | 0.99 | 5,751 |
| 2024-02-01 | $410,000 (5.2%) | $575,287 (3.7%) | 0.99 | 6,209 |
| 2024-03-01 | $415,000 (3.9%) | $590,907 (2.3%) | 0.98 | 6,636 |
Jacksonville's median listing price comes in at 98% of the national average.
Jacksonville's average listing price for 2024-03-01 was $590,907, a difference of $13,246 (2.3%) versus the prior year and $15,620 versus the prior month.
For the 2024-03-01 period, Jacksonville had 6,636 MLS listings, a difference of 427 listings (7%) versus the prior month and 1,847 listings (39%) 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 | 79 days | 2,077 sqft |
| 2018-02-01 | 70 days | 2,077 sqft |
| 2018-03-01 | 52 days | 2,115 sqft |
| 2018-04-01 | 54 days | 2,113 sqft |
| 2018-05-01 | 56 days | 2,098 sqft |
| 2018-06-01 | 57 days | 2,103 sqft |
| 2018-07-01 | 58 days | 2,056 sqft |
| 2018-08-01 | 60 days | 2,037 sqft |
| 2018-09-01 | 65 days | 2,013 sqft |
| 2018-10-01 | 65 days | 2,000 sqft |
| 2018-11-01 | 68 days | 1,986 sqft |
| 2018-12-01 | 73 days | 1,987 sqft |
| 2019-01-01 | 80 days | 1,978 sqft |
| 2019-02-01 | 74 days | 1,972 sqft |
| 2019-03-01 | 64 days | 2,012 sqft |
| 2019-04-01 | 58 days | 2,043 sqft |
| 2019-05-01 | 59 days | 2,055 sqft |
| 2019-06-01 | 60 days | 2,049 sqft |
| 2019-07-01 | 64 days | 2,041 sqft |
| 2019-08-01 | 65 days | 2,020 sqft |
| 2019-09-01 | 67 days | 2,002 sqft |
| 2019-10-01 | 68 days | 1,989 sqft |
| 2019-11-01 | 65 days | 1,986 sqft |
| 2019-12-01 | 71 days | 1,980 sqft |
| 2020-01-01 | 78 days | 1,976 sqft |
| 2020-02-01 | 69 days | 1,981 sqft |
| 2020-03-01 | 56 days | 1,961 sqft |
| 2020-04-01 | 59 days | 1,915 sqft |
| 2020-05-01 | 66 days | 1,933 sqft |
| 2020-06-01 | 72 days | 1,931 sqft |
| 2020-07-01 | 71 days | 1,937 sqft |
| 2020-08-01 | 70 days | 1,922 sqft |
| 2020-09-01 | 63 days | 1,896 sqft |
| 2020-10-01 | 58 days | 1,862 sqft |
| 2020-11-01 | 57 days | 1,852 sqft |
| 2020-12-01 | 59 days | 1,830 sqft |
| 2021-01-01 | 60 days | 1,819 sqft |
| 2021-02-01 | 54 days | 1,799 sqft |
| 2021-03-01 | 44 days | 1,809 sqft |
| 2021-04-01 | 38 days | 1,805 sqft |
| 2021-05-01 | 39 days | 1,810 sqft |
| 2021-06-01 | 35 days | 1,800 sqft |
| 2021-07-01 | 36 days | 1,804 sqft |
| 2021-08-01 | 36 days | 1,797 sqft |
| 2021-09-01 | 37 days | 1,785 sqft |
| 2021-10-01 | 37 days | 1,800 sqft |
| 2021-11-01 | 42 days | 1,794 sqft |
| 2021-12-01 | 48 days | 1,797 sqft |
| 2022-01-01 | 47 days | 1,796 sqft |
| 2022-02-01 | 37 days | 1,798 sqft |
| 2022-03-01 | 34 days | 1,845 sqft |
| 2022-04-01 | 29 days | 1,834 sqft |
| 2022-05-01 | 27 days | 1,853 sqft |
| 2022-06-01 | 29 days | 1,851 sqft |
| 2022-07-01 | 33 days | 1,852 sqft |
| 2022-08-01 | 41 days | 1,846 sqft |
| 2022-09-01 | 46 days | 1,835 sqft |
| 2022-10-01 | 53 days | 1,822 sqft |
| 2022-11-01 | 59 days | 1,815 sqft |
| 2022-12-01 | 64 days | 1,804 sqft |
| 2023-01-01 | 73 days | 1,798 sqft |
| 2023-02-01 | 64 days | 1,808 sqft |
| 2023-03-01 | 52 days | 1,816 sqft |
| 2023-04-01 | 51 days | 1,840 sqft |
| 2023-05-01 | 48 days | 1,860 sqft |
| 2023-06-01 | 45 days | 1,869 sqft |
| 2023-07-01 | 50 days | 1,862 sqft |
| 2023-08-01 | 49 days | 1,856 sqft |
| 2023-09-01 | 50 days | 1,835 sqft |
| 2023-10-01 | 51 days | 1,825 sqft |
| 2023-11-01 | 53 days | 1,812 sqft |
| 2023-12-01 | 61 days | 1,800 sqft |
| 2024-01-01 | 66 days | 1,786 sqft |
| 2024-02-01 | 51 days | 1,784 sqft |
| 2024-03-01 | 47 days | 1,800 sqft |
Jacksonville's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,816 sqft.