Jacksonville FHA Loan Rates, Closing Costs & Stats

JACKSONVILLE, NC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 85 lenders originated 507 FHA loans during 2024. The total origination value was $119,625,000, with an average FHA loan value of $235,947.

    Jacksonville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Jacksonville averaged 6.03% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Jacksonville's average FHA mortgage closing costs are $7,563.

    The average rate for the prior week (2025-03-28) was 6.12% and one month ago for the week of 2025-02-28, the average rate was 6.21%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.37%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 48 6.30% $10,320
    GUILD MORTGAGE COMPANY 42 6.47% $8,114
    NEWREZ LLC 39 6.52% $7,689
    MOVEMENT MORTGAGE, LLC 35 6.66% $10,282
    FREEDOM MORTGAGE CORPORATION 29 6.19% $9,363
    UNITED WHOLESALE MORTGAGE, LLC 24 6.02% $12,646
    PLAZA HOME MORTGAGE, INC. 23 6.71% $8,545
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 11 6.59% $10,768
    GUARANTEED RATE, INC. 11 6.53% $10,315
    CROSSCOUNTRY MORTGAGE, LLC 10 6.73% $11,409
    BROKER SOLUTIONS, INC. 9 7.04% $8,236
    T2 FINANCIAL LLC 9 6.74% $11,417
    Integrity Home Mortgage Corp 9 6.57% $9,586
    LOANDEPOT.COM, LLC 8 6.37% $12,195
    PENNYMAC LOAN SERVICES, LLC 8 6.00% $11,949
    American Security Mortgage Corp. 8 6.56% $8,831
    FBC MORTGAGE, LLC 8 5.02% $7,607
    SeaTrust Mortgage Company 7 6.30% $11,789
    Mortgage Research Center, LLC 6 6.44% $7,716
    DHI MORTGAGE COMPANY, LTD. 6 5.00% $7,905
    INTERCOASTAL MORTGAGE COMPANY 5 6.35% $7,732
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.88% $10,159
    North State Bank 4 6.28% $7,019
    Flagstar Bank, FSB 4 6.38% $10,402
    SUN WEST MORTGAGE COMPANY, INC. 3 6.04% $12,113
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.25% $11,324
    First-Citizens Bank & Trust Company 3 5.71% $7,870
    MUTUAL OF OMAHA MORTGAGE, INC. 3 5.92% $15,290
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.94% $10,972
    Alcova Mortgage LLC 2 6.13% $10,983
    AmeriHome Mortgage Company, LLC 2 5.63% $7,105
    AMERISAVE MORTGAGE CORPORATION 2 6.63% $11,520
    Blue Ridge Bank 2 6.44% $8,788
    CMG MORTGAGE, INC. 2 6.56% $10,545
    Equity Prime Mortgage LLC 2 6.69% $10,187
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.25% $5,121
    HOMESIDE FINANCIAL, LLC 2 6.88% $10,391
    JET HOMELOANS, LLC 2 5.62% $17,298
    Keystone Funding, Inc. 2 5.75% $7,595
    LAKEVIEW LOAN SERVICING, LLC 2 6.00% $6,353
    MICHIGAN MUTUAL, INC. 2 5.63% $10,151
    Mr. Cooper ( Nationstar Mortgage ) 2 6.75% $8,551
    NBKC BANK 2 5.75% $9,693
    PNC Bank 2 6.75% $8,581
    Prosperity Home Mortgage, LLC 2 6.69% $8,159
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 5.94% $10,281
    Towne Bank 2 6.69% $8,073
    Magnolia Bank 1 6.50% $10,005
    VILLAGE CAPITAL MORTGAGE 1 6.75% $2,841
    MID AMERICA MORTGAGE, INC. 1 7.75% $12,308
    MORIA DEVELOPMENT, INC. 1 7.00% $9,948
    DEVELOPER'S MORTGAGE COMPANY 1 6.13% $11,308
    Corporate Investors Mortgage Group, Inc. 1 7.00% $6,647
    CORNERSTONE HOME LENDING, INC. 1 6.25% $15,758
    Truist 1 5.75% $11,958
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.50% $12,961
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.50% $20,596
    UNION HOME MORTGAGE CORP. 1 7.13% $8,377
    NETWORK CAPITAL FUNDING CORPORATION 1 5.50% $17,532
    CARDINAL FINANCIAL 1 6.25% $25,787
    NFM, INC. 1 6.50% $12,086
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $7,076
    Bank of England 1 6.75% $9,808
    PHH Mortgage Corporation 1 6.99% $8,567
    Arvest Bank 1 6.50% $7,646
    United Bank 1 5.75% $18,275
    Presidential Bank, FSB 1 6.63% $11,029
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.13% $14,060
    Ameris Bank 1 5.75% $8,186
    RADIUS FINANCIAL GROUP INC. 1 6.63% $7,548
    U.S. Bank 1 6.13% $4,360
    RUOFF MORTGAGE COMPANY, INC. 1 7.75% $2,857
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.63% $12,595
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $7,710
    ACOPIA, LLC 1 7.13% $22,202
    HOMESTEAD FUNDING CORP. 1 6.63% $6,677
    Gateway First Bank 1 6.75% $8,126
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $11,626
    JMAC LENDING, INC. 1 7.38% $10,398
    American Mortgage & Equity Consultants, Inc. 1 6.25% $12,848
    Lakeview Community Capital, LLC 1 5.75% $5,883
    TOTAL MORTGAGE SERVICES, LLC 1 6.63% $12,799
    FIRST HOME MORTGAGE CORPORATION 1 5.75% $10,350
    LOANPAL, LLC 1 5.63% $11,912
    Loan Simple, Inc. 1 7.00% $19,359

    The top Jacksonville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 48 FHA loans originated. Their average total fees are $10,320, which is $2,206 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Jacksonville FHA lenders (with over 10 loans originated) are NEWREZ LLC ($7,689), GUILD MORTGAGE COMPANY ($8,114), PLAZA HOME MORTGAGE, INC. ($8,545), FREEDOM MORTGAGE CORPORATION ($9,363) and MOVEMENT MORTGAGE, LLC ($10,282).

    The lowest rate Jacksonville FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.02%), FREEDOM MORTGAGE CORPORATION (6.19%), QUICKEN LOANS, LLC (6.30%), GUILD MORTGAGE COMPANY (6.47%) and NEWREZ LLC (6.52%).

    Jacksonville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    JACKSONVILLE, NC ONSLOW 2022 $420,680 $538,650 $651,050 $809,150
    JACKSONVILLE, NC ONSLOW 2023 $472,030 $604,400 $730,525 $907,900

    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 $187,725 (16.9%) $229,219 (18.8%) 0.70 1,284
    2018-02-01 $186,950 (12.3%) $223,048 (12.2%) 0.68 1,332
    2018-03-01 $188,450 (11.2%) $227,270 (12.2%) 0.66 1,399
    2018-04-01 $189,950 (11.7%) $232,836 (12.6%) 0.64 1,374
    2018-05-01 $194,598 (14.3%) $235,631 (14.6%) 0.65 1,390
    2018-06-01 $194,900 (11.8%) $237,359 (11.2%) 0.65 1,381
    2018-07-01 $192,000 (9.0%) $238,375 (8.0%) 0.64 1,408
    2018-08-01 $194,950 (8.3%) $239,297 (7.1%) 0.65 1,390
    2018-09-01 $194,500 (6.9%) $237,959 (5.7%) 0.65 1,370
    2018-10-01 $195,945 (6.5%) $241,120 (7.5%) 0.66 1,037
    2018-11-01 $199,600 (7.2%) $243,806 (7.8%) 0.68 947
    2018-12-01 $201,000 (7.5%) $245,838 (7.7%) 0.69 863
    2019-01-01 $207,450 (10.5%) $253,288 (10.5%) 0.72 778
    2019-02-01 $211,750 (13.3%) $261,489 (17.2%) 0.72 745
    2019-03-01 $213,543 (13.3%) $267,425 (17.7%) 0.70 729
    2019-04-01 $211,793 (11.5%) $260,898 (12.1%) 0.67 812
    2019-05-01 $211,300 (8.6%) $267,126 (13.4%) 0.66 1,010
    2019-06-01 $210,000 (7.8%) $260,579 (9.8%) 0.66 1,137
    2019-07-01 $210,975 (9.9%) $261,799 (9.8%) 0.66 1,215
    2019-08-01 $209,418 (7.4%) $258,741 (8.1%) 0.66 1,297
    2019-09-01 $208,620 (7.3%) $256,979 (8.0%) 0.67 1,333
    2019-10-01 $208,089 (6.2%) $255,805 (6.1%) 0.67 1,362
    2019-11-01 $206,000 (3.2%) $254,844 (4.5%) 0.68 1,375
    2019-12-01 $208,325 (3.6%) $258,173 (5.0%) 0.69 1,285
    2020-01-01 $209,900 (1.2%) $257,300 (1.6%) 0.70 1,208
    2020-02-01 $209,900 (-0.9%) $257,104 (-1.7%) 0.69 1,175
    2020-03-01 $213,700 (0.1%) $263,104 (-1.6%) 0.67 1,159
    2020-04-01 $215,338 (1.7%) $265,676 (1.8%) 0.67 1,113
    2020-05-01 $219,900 (4.1%) $274,558 (2.8%) 0.67 938
    2020-06-01 $221,000 (5.2%) $275,100 (5.6%) 0.65 812
    2020-07-01 $220,373 (4.5%) $275,281 (5.2%) 0.64 745
    2020-08-01 $221,000 (5.5%) $281,540 (8.8%) 0.63 645
    2020-09-01 $226,775 (8.7%) $282,734 (10.0%) 0.65 576
    2020-10-01 $225,000 (8.1%) $287,533 (12.4%) 0.64 554
    2020-11-01 $226,975 (10.2%) $295,824 (16.1%) 0.66 520
    2020-12-01 $226,250 (8.6%) $302,548 (17.2%) 0.67 427
    2021-01-01 $230,650 (9.9%) $313,897 (22.0%) 0.69 367
    2021-02-01 $222,675 (6.1%) $312,981 (21.7%) 0.65 301
    2021-03-01 $222,125 (3.9%) $308,699 (17.3%) 0.63 300
    2021-04-01 $222,475 (3.3%) $314,009 (18.2%) 0.60 286
    2021-05-01 $225,000 (2.3%) $318,496 (16.0%) 0.60 305
    2021-06-01 $228,700 (3.5%) $331,988 (20.7%) 0.60 323
    2021-07-01 $230,000 (4.4%) $338,706 (23.0%) 0.61 331
    2021-08-01 $229,750 (4.0%) $340,964 (21.1%) 0.61 340
    2021-09-01 $237,450 (4.7%) $338,647 (19.8%) 0.63 325
    2021-10-01 $230,000 (2.2%) $334,668 (16.4%) 0.61 347
    2021-11-01 $253,450 (11.7%) $353,331 (19.4%) 0.68 349
    2021-12-01 $260,400 (15.1%) $364,867 (20.6%) 0.71 343
    2022-01-01 $272,750 (18.3%) $384,040 (22.4%) 0.74 268
    2022-02-01 $266,500 (19.7%) $372,904 (19.2%) 0.69 227
    2022-03-01 $260,500 (17.3%) $365,711 (18.5%) 0.65 232
    2022-04-01 $275,000 (23.6%) $390,160 (24.3%) 0.66 258
    2022-05-01 $299,945 (33.3%) $406,209 (27.5%) 0.69 336
    2022-06-01 $300,900 (31.6%) $415,624 (25.2%) 0.67 379
    2022-07-01 $314,950 (36.9%) $424,370 (25.3%) 0.71 468
    2022-08-01 $329,925 (43.6%) $427,827 (25.5%) 0.76 500
    2022-09-01 $322,000 (35.6%) $413,626 (22.1%) 0.75 500
    2022-10-01 $325,000 (41.3%) $407,079 (21.6%) 0.76 553
    2022-11-01 $329,172 (29.9%) $408,451 (15.6%) 0.79 619
    2022-12-01 $329,900 (26.7%) $411,198 (12.7%) 0.81 602
    2023-01-01 $330,000 (21.0%) $407,112 (6.0%) 0.82 587
    2023-02-01 $330,225 (23.9%) $398,088 (6.8%) 0.80 556
    2023-03-01 $335,450 (28.8%) $411,658 (12.6%) 0.79 511
    2023-04-01 $343,450 (24.9%) $416,649 (6.8%) 0.80 494
    2023-05-01 $349,000 (16.4%) $431,627 (6.3%) 0.79 548
    2023-06-01 $347,450 (15.5%) $437,037 (5.2%) 0.78 549
    2023-07-01 $340,000 (8.0%) $423,012 (-0.3%) 0.77 574
    2023-08-01 $334,475 (1.4%) $418,846 (-2.1%) 0.77 590
    2023-09-01 $329,000 (2.2%) $414,691 (0.3%) 0.77 672
    2023-10-01 $324,975 (0.0%) $395,861 (-2.8%) 0.76 736
    2023-11-01 $325,000 (-1.3%) $397,621 (-2.7%) 0.77 812
    2023-12-01 $325,000 (-1.5%) $404,148 (-1.7%) 0.79 836
    2024-01-01 $324,450 (-1.7%) $400,477 (-1.6%) 0.79 781
    2024-02-01 $329,893 (-0.1%) $409,813 (3.0%) 0.79 767
    2024-03-01 $330,000 (-1.6%) $413,280 (0.4%) 0.78 763
    2024-04-01 $340,575 (-0.8%) $448,616 (7.7%) 0.79 776
    2024-05-01 $344,900 (-1.2%) $459,378 (6.4%) 0.78 855
    2024-06-01 $344,900 (-0.7%) $465,077 (6.4%) 0.78 836
    2024-07-01 $344,975 (1.5%) $463,354 (9.5%) 0.79 868
    2024-08-01 $340,500 (1.8%) $455,981 (8.9%) 0.79 908
    2024-09-01 $335,000 (1.8%) $431,670 (4.1%) 0.79 957
    2024-10-01 $334,900 (3.1%) $427,155 (7.9%) 0.79 965
    2024-11-01 $336,000 (3.4%) $419,353 (5.5%) 0.81 975
    2024-12-01 $339,850 (4.6%) $420,586 (4.1%) 0.84 953
    2025-01-01 $337,725 (4.1%) $420,866 (5.1%) 0.84 925
    2025-02-01 $341,975 (3.7%) $429,652 (4.8%) 0.83 905
    2025-03-01 $349,200 (5.8%) $447,448 (8.3%) 0.00 887
    Jacksonville's median listing price for 2025-03-01 was $349,200, a difference of $19,200 (5.8%) versus the prior year and $7,225 versus the prior month.

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

    Jacksonville's average listing price for 2025-03-01 was $447,448, a difference of $34,168 (8.3%) versus the prior year and $17,796 versus the prior month.

    For the 2025-03-01 period, Jacksonville had 887 MLS listings, a difference of -18 listings (-2%) versus the prior month and 124 listings (16%) 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 97 days 1,754 sqft
    2018-02-01 87 days 1,748 sqft
    2018-03-01 63 days 1,753 sqft
    2018-04-01 63 days 1,756 sqft
    2018-05-01 62 days 1,760 sqft
    2018-06-01 65 days 1,760 sqft
    2018-07-01 66 days 1,764 sqft
    2018-08-01 68 days 1,786 sqft
    2018-09-01 81 days 1,779 sqft
    2018-10-01 101 days 1,781 sqft
    2018-11-01 102 days 1,783 sqft
    2018-12-01 108 days 1,780 sqft
    2019-01-01 90 days 1,813 sqft
    2019-02-01 74 days 1,862 sqft
    2019-03-01 52 days 1,883 sqft
    2019-04-01 37 days 1,870 sqft
    2019-05-01 37 days 1,844 sqft
    2019-06-01 50 days 1,821 sqft
    2019-07-01 55 days 1,810 sqft
    2019-08-01 59 days 1,792 sqft
    2019-09-01 66 days 1,777 sqft
    2019-10-01 74 days 1,761 sqft
    2019-11-01 73 days 1,760 sqft
    2019-12-01 83 days 1,770 sqft
    2020-01-01 94 days 1,760 sqft
    2020-02-01 89 days 1,730 sqft
    2020-03-01 68 days 1,710 sqft
    2020-04-01 70 days 1,736 sqft
    2020-05-01 74 days 1,774 sqft
    2020-06-01 69 days 1,798 sqft
    2020-07-01 57 days 1,802 sqft
    2020-08-01 57 days 1,789 sqft
    2020-09-01 64 days 1,782 sqft
    2020-10-01 59 days 1,796 sqft
    2020-11-01 68 days 1,788 sqft
    2020-12-01 68 days 1,758 sqft
    2021-01-01 59 days 1,807 sqft
    2021-02-01 49 days 1,720 sqft
    2021-03-01 40 days 1,683 sqft
    2021-04-01 39 days 1,705 sqft
    2021-05-01 38 days 1,676 sqft
    2021-06-01 40 days 1,678 sqft
    2021-07-01 40 days 1,647 sqft
    2021-08-01 42 days 1,619 sqft
    2021-09-01 40 days 1,654 sqft
    2021-10-01 39 days 1,592 sqft
    2021-11-01 38 days 1,706 sqft
    2021-12-01 51 days 1,721 sqft
    2022-01-01 60 days 1,717 sqft
    2022-02-01 42 days 1,679 sqft
    2022-03-01 34 days 1,586 sqft
    2022-04-01 34 days 1,651 sqft
    2022-05-01 32 days 1,740 sqft
    2022-06-01 36 days 1,735 sqft
    2022-07-01 38 days 1,860 sqft
    2022-08-01 43 days 1,863 sqft
    2022-09-01 49 days 1,827 sqft
    2022-10-01 48 days 1,865 sqft
    2022-11-01 48 days 1,898 sqft
    2022-12-01 59 days 1,904 sqft
    2023-01-01 71 days 1,910 sqft
    2023-02-01 51 days 1,899 sqft
    2023-03-01 45 days 1,900 sqft
    2023-04-01 45 days 1,941 sqft
    2023-05-01 38 days 1,964 sqft
    2023-06-01 42 days 1,925 sqft
    2023-07-01 44 days 1,874 sqft
    2023-08-01 44 days 1,832 sqft
    2023-09-01 47 days 1,823 sqft
    2023-10-01 47 days 1,800 sqft
    2023-11-01 49 days 1,788 sqft
    2023-12-01 62 days 1,800 sqft
    2024-01-01 73 days 1,801 sqft
    2024-02-01 66 days 1,794 sqft
    2024-03-01 52 days 1,800 sqft
    2024-04-01 50 days 1,809 sqft
    2024-05-01 43 days 1,830 sqft
    2024-06-01 52 days 1,830 sqft
    2024-07-01 59 days 1,834 sqft
    2024-08-01 58 days 1,802 sqft
    2024-09-01 58 days 1,795 sqft
    2024-10-01 58 days 1,764 sqft
    2024-11-01 65 days 1,763 sqft
    2024-12-01 76 days 1,794 sqft
    2025-01-01 80 days 1,781 sqft
    2025-02-01 69 days 1,786 sqft
    2025-03-01 0 days 1,796 sqft
    Jacksonville's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Jacksonville's median square footage for active listings during the 2025-03-01 period was 1,796 sqft. One year prior, the average listing was 1,800 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).