Jacksonville FHA Loan Rates, Closing Costs & Stats

JACKSONVILLE, NC

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 93 lenders originated 472 FHA loans during 2023. The total origination value was $102,410,000, with an average FHA loan value of $216,970.

Jacksonville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Jacksonville averaged -0.29% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

Jacksonville's average FHA mortgage closing costs are $7,199.

The average rate for the prior week (2024-11-22) was 6.3% and one month ago for the week of 2024-10-25, the average rate was 6.28%.

The average rate one year ago was 7.07%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.1%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
MOVEMENT MORTGAGE, LLC 62 6.72% $9,998
QUICKEN LOANS, LLC 40 6.28% $10,074
NEWREZ LLC 31 6.74% $7,553
UNITED WHOLESALE MORTGAGE, LLC 26 6.18% $12,061
GUILD MORTGAGE COMPANY 20 6.97% $7,333
CROSSCOUNTRY MORTGAGE, LLC 17 6.69% $9,455
FREEDOM MORTGAGE CORPORATION 16 6.73% $10,101
PLAZA HOME MORTGAGE, INC. 15 6.35% $7,996
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 6.53% $11,108
GUARANTEED RATE, INC. 14 6.29% $9,792
LOANDEPOT.COM, LLC 13 6.74% $9,858
Mr. Cooper ( Nationstar Mortgage ) 13 6.41% $14,617
CARDINAL FINANCIAL 8 6.00% $11,347
INTERCOASTAL MORTGAGE COMPANY 7 6.77% $8,778
AMERISAVE MORTGAGE CORPORATION 7 6.21% $12,899
American Security Mortgage Corp. 6 6.25% $8,970
SeaTrust Mortgage Company 5 6.55% $10,281
UNION HOME MORTGAGE CORP. 5 6.95% $9,504
Mortgage Research Center, LLC 5 7.35% $6,703
Carrington Mortgage Services, LLC 4 5.97% $10,152
Integrity Home Mortgage Corp 3 7.50% $10,383
HOMESIDE FINANCIAL, LLC 3 6.63% $8,605
SUN WEST MORTGAGE COMPANY, INC. 3 5.67% $11,895
PLANET HOME LENDING, LLC 3 6.21% $9,508
PENNYMAC LOAN SERVICES, LLC 3 5.67% $10,018
CORNERSTONE HOME LENDING, INC. 3 6.04% $12,732
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.75% $10,527
ZILLOW HOME LOANS, LLC 2 6.19% $7,523
AMERICAN FINANCIAL RESOURCES, INC. 2 6.69% $9,562
Atlantic Coast Mortgage, LLC 2 5.63% $10,655
DELMAR FINANCIAL COMPANY 2 6.31% $10,989
Equity Prime Mortgage LLC 2 7.00% $14,409
EQUITY RESOURCES, INC. 2 6.87% $8,087
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.31% $11,874
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.44% $9,717
LAKEVIEW LOAN SERVICING, LLC 2 6.25% $11,302
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.25% $8,754
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.63% $21,143
Northpointe Bank 2 6.63% $9,979
PNC Bank 2 6.19% $8,873
RADIUS FINANCIAL GROUP INC. 2 6.81% $12,397
Towne Bank 2 6.69% $11,381
VILLAGE CAPITAL MORTGAGE 2 5.94% $6,451
TOP FLITE FINANCIAL, INC. 1 6.50% $13,174
FBC MORTGAGE, LLC 1 7.25% $9,759
HOMESPIRE MORTGAGE CORPORATION 1 6.63% $6,921
East Coast Capital Corp. 1 7.75% $13,729
DHI MORTGAGE COMPANY, LTD. 1 5.75% $8,783
JET HOMELOANS, LLC 1 7.25% $13,693
Wells Fargo Bank 1 6.50% $4,851
LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $8,774
DAS Acquisition Company, LLC 1 6.13% $10,556
LOANLEADERS OF AMERICA, INC. 1 5.63% $9,327
LOANPAL, LLC 1 7.13% $11,210
MICHIGAN MUTUAL, INC. 1 5.75% $6,576
Mid-Continent Funding, Inc. 1 6.13% $12,418
Corporate Investors Mortgage Group, Inc. 1 6.63% $6,463
TOWNE MORTGAGE COMPANY 1 5.75% $10,995
CMG MORTGAGE, INC. 1 6.75% $7,243
CityWorth Mortgage LLC 1 7.13% $7,734
AMERICAN FINANCIAL NETWORK, INC. 1 7.38% $14,604
NEW DAY FINANCIAL, LLC 1 7.25% $9,227
CHURCHILL MORTGAGE CORPORATION 1 7.25% $12,884
NFM, INC. 1 6.63% $11,328
Advance Financial Group, LLC 1 6.25% $9,428
OCMBC, INC. 1 6.75% $8,574
Paramount Residential Mortgage Group, Inc. 1 7.13% $7,740
CBM Mortgage, Inc. 1 5.63% $5,913
PENTAGON FEDERAL CREDIT UNION 1 6.38% $6,399
PHH Mortgage Corporation 1 5.63% $7,276
CALIBER HOME LOANS, INC. 1 6.25% $9,159
BOND STREET MORTGAGE, LLC 1 6.63% $9,764
U.S. Bank 1 5.50% $12,451
Princeton Mortgage Corporation 1 7.25% $9,150
Prosperity Home Mortgage, LLC 1 6.75% $5,882
Blue Ridge Bank 1 6.13% $10,952
ACOPIA, LLC 1 6.75% $9,789
Renasant Bank 1 5.99% $7,681
RESOURCE FINANCIAL SERVICES, INC. 1 7.25% $8,463
BECKAM FUNDING CORP. 1 7.00% $10,332
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.00% $5,194
SUCCESS MORTGAGE PARTNERS, INC. 1 6.99% $15,377
Ameris Bank 1 6.63% $14,214
The Federal Savings Bank 1 6.50% $8,365
FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $8,923
First Federal Bank 1 6.13% $5,158
First National Bank of Pennsylvania 1 5.50% $11,800
Flagstar Bank, FSB 1 6.50% $8,959
First-Citizens Bank & Trust Company 1 7.38% $10,970
Gateway First Bank 1 6.25% $5,745
GENEVA FINANCIAL, LLC 1 6.63% $18,405
First Bank 1 7.12% $7,196
Fifth Third Bank 1 7.13% $5,571

The top Jacksonville FHA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 62 FHA loans originated. Their average total fees are $9,998, which is $76 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Jacksonville FHA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($7,333), NEWREZ LLC ($7,553), PLAZA HOME MORTGAGE, INC. ($7,996), CROSSCOUNTRY MORTGAGE, LLC ($9,455) and GUARANTEED RATE, INC. ($9,792).

The lowest rate Jacksonville FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.18%), QUICKEN LOANS, LLC (6.28%), GUARANTEED RATE, INC. (6.29%), PLAZA HOME MORTGAGE, INC. (6.35%) and Mr. Cooper ( Nationstar Mortgage ) (6.41%).

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 $187,750 (16.8%) $229,259 (18.6%) 0.70 1,284
2018-02-01 $186,950 (12.1%) $223,099 (12.2%) 0.68 1,331
2018-03-01 $188,500 (11.2%) $227,323 (12.1%) 0.66 1,398
2018-04-01 $189,950 (11.5%) $232,836 (12.5%) 0.64 1,374
2018-05-01 $194,598 (14.1%) $235,631 (14.5%) 0.65 1,390
2018-06-01 $194,900 (11.7%) $237,359 (11.2%) 0.65 1,381
2018-07-01 $192,000 (8.5%) $238,375 (8.0%) 0.64 1,408
2018-08-01 $194,950 (8.3%) $239,325 (7.1%) 0.65 1,391
2018-09-01 $194,500 (6.3%) $238,018 (5.7%) 0.65 1,371
2018-10-01 $195,948 (6.4%) $241,153 (7.5%) 0.66 1,037
2018-11-01 $199,700 (7.2%) $244,258 (8.0%) 0.68 948
2018-12-01 $201,000 (7.5%) $246,339 (7.9%) 0.69 864
2019-01-01 $207,450 (10.5%) $253,825 (10.7%) 0.72 779
2019-02-01 $211,850 (13.3%) $262,038 (17.5%) 0.72 746
2019-03-01 $213,718 (13.4%) $267,971 (17.9%) 0.70 730
2019-04-01 $211,838 (11.5%) $261,383 (12.3%) 0.67 813
2019-05-01 $211,425 (8.7%) $267,543 (13.5%) 0.66 1,011
2019-06-01 $210,350 (7.9%) $260,916 (9.9%) 0.66 1,138
2019-07-01 $211,000 (9.9%) $262,122 (10.0%) 0.66 1,216
2019-08-01 $209,455 (7.4%) $258,966 (8.2%) 0.66 1,297
2019-09-01 $208,636 (7.3%) $257,078 (8.0%) 0.67 1,334
2019-10-01 $208,091 (6.2%) $255,819 (6.1%) 0.67 1,362
2019-11-01 $206,000 (3.2%) $254,844 (4.3%) 0.68 1,375
2019-12-01 $208,325 (3.6%) $258,173 (4.8%) 0.69 1,285
2020-01-01 $209,900 (1.2%) $257,762 (1.6%) 0.70 1,208
2020-02-01 $209,900 (-0.9%) $257,574 (-1.7%) 0.69 1,176
2020-03-01 $213,700 (0.0%) $263,445 (-1.7%) 0.67 1,161
2020-04-01 $215,400 (1.7%) $266,162 (1.8%) 0.67 1,114
2020-05-01 $219,900 (4.0%) $276,307 (3.3%) 0.67 941
2020-06-01 $221,450 (5.3%) $276,978 (6.2%) 0.65 815
2020-07-01 $220,938 (4.7%) $277,207 (5.8%) 0.64 749
2020-08-01 $221,250 (5.6%) $283,533 (9.5%) 0.63 649
2020-09-01 $227,400 (9.0%) $285,287 (11.0%) 0.65 580
2020-10-01 $226,225 (8.7%) $289,755 (13.3%) 0.65 557
2020-11-01 $227,125 (10.3%) $296,774 (16.5%) 0.66 522
2020-12-01 $226,375 (8.7%) $303,587 (17.6%) 0.67 429
2021-01-01 $230,950 (10.0%) $315,055 (22.2%) 0.69 369
2021-02-01 $222,925 (6.2%) $314,273 (22.0%) 0.65 302
2021-03-01 $223,250 (4.5%) $309,944 (17.7%) 0.63 301
2021-04-01 $223,450 (3.7%) $314,968 (18.3%) 0.60 286
2021-05-01 $225,000 (2.3%) $318,496 (15.3%) 0.60 305
2021-06-01 $229,450 (3.6%) $331,918 (19.8%) 0.60 325
2021-07-01 $230,000 (4.1%) $338,728 (22.2%) 0.61 335
2021-08-01 $229,975 (3.9%) $342,443 (20.8%) 0.61 342
2021-09-01 $237,500 (4.4%) $340,823 (19.5%) 0.63 327
2021-10-01 $231,000 (2.1%) $334,774 (15.5%) 0.62 350
2021-11-01 $256,220 (12.8%) $353,599 (19.2%) 0.68 353
2021-12-01 $264,225 (16.7%) $365,008 (20.2%) 0.72 349
2022-01-01 $274,250 (18.8%) $384,040 (21.9%) 0.74 270
2022-02-01 $266,500 (19.6%) $372,904 (18.7%) 0.69 227
2022-03-01 $261,475 (17.1%) $365,787 (18.0%) 0.65 234
2022-04-01 $277,500 (24.2%) $390,963 (24.1%) 0.66 260
2022-05-01 $299,945 (33.3%) $406,391 (27.6%) 0.69 336
2022-06-01 $302,450 (31.8%) $415,825 (25.3%) 0.67 380
2022-07-01 $315,000 (37.0%) $426,071 (25.8%) 0.71 468
2022-08-01 $329,700 (43.4%) $428,164 (25.0%) 0.76 501
2022-09-01 $322,000 (35.6%) $413,648 (21.4%) 0.75 501
2022-10-01 $325,000 (40.7%) $407,079 (21.6%) 0.76 553
2022-11-01 $329,444 (28.6%) $408,192 (15.4%) 0.79 619
2022-12-01 $329,900 (24.9%) $411,309 (12.7%) 0.81 602
2023-01-01 $330,000 (20.3%) $407,682 (6.2%) 0.82 588
2023-02-01 $330,450 (24.0%) $399,586 (7.2%) 0.80 557
2023-03-01 $335,900 (28.5%) $413,235 (13.0%) 0.79 512
2023-04-01 $344,900 (24.3%) $417,804 (6.9%) 0.80 495
2023-05-01 $349,225 (16.4%) $432,551 (6.4%) 0.79 550
2023-06-01 $347,450 (14.9%) $437,925 (5.3%) 0.78 550
2023-07-01 $340,000 (7.9%) $423,838 (-0.5%) 0.77 575
2023-08-01 $335,925 (1.9%) $419,209 (-2.1%) 0.77 591
2023-09-01 $329,000 (2.2%) $415,073 (0.3%) 0.77 672
2023-10-01 $324,975 (0.0%) $395,942 (-2.7%) 0.76 736
2023-11-01 $325,000 (-1.4%) $397,533 (-2.6%) 0.77 812
2023-12-01 $325,000 (-1.5%) $403,993 (-1.8%) 0.79 836
2024-01-01 $324,450 (-1.7%) $400,477 (-1.8%) 0.79 781
2024-02-01 $329,793 (-0.2%) $409,724 (2.5%) 0.79 767
2024-03-01 $330,000 (-1.8%) $413,280 (0.0%) 0.78 763
2024-04-01 $340,575 (-1.3%) $448,510 (7.4%) 0.79 776
2024-05-01 $346,950 (-0.7%) $468,401 (8.3%) 0.78 854
2024-06-01 $345,000 (-0.7%) $473,365 (8.1%) 0.78 841
2024-07-01 $344,975 (1.5%) $463,354 (9.3%) 0.79 868
2024-08-01 $340,500 (1.4%) $455,981 (8.8%) 0.79 908
2024-09-01 $335,000 (1.8%) $431,670 (4.0%) 0.79 957
2024-10-01 $334,900 (3.1%) $427,121 (7.9%) 0.79 966
Jacksonville's median listing price for 2024-10-01 was $334,900, a difference of $9,925 (3.1%) versus the prior year and $-100 versus the prior month.

Jacksonville's median listing price comes in at 79% of the national average.

Jacksonville's average listing price for 2024-10-01 was $427,121, a difference of $31,179 (7.9%) versus the prior year and $-4,549 versus the prior month.

For the 2024-10-01 period, Jacksonville had 966 MLS listings, a difference of 9 listings (1%) versus the prior month and 230 listings (31%) 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 86 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 1,784 sqft
2018-12-01 108 days 1,782 sqft
2019-01-01 90 days 1,814 sqft
2019-02-01 74 days 1,862 sqft
2019-03-01 52 days 1,883 sqft
2019-04-01 37 days 1,871 sqft
2019-05-01 37 days 1,844 sqft
2019-06-01 50 days 1,821 sqft
2019-07-01 55 days 1,811 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 1,731 sqft
2020-03-01 68 days 1,710 sqft
2020-04-01 70 days 1,736 sqft
2020-05-01 75 days 1,777 sqft
2020-06-01 69 days 1,800 sqft
2020-07-01 57 days 1,804 sqft
2020-08-01 57 days 1,794 sqft
2020-09-01 64 days 1,790 sqft
2020-10-01 59 days 1,800 sqft
2020-11-01 68 days 1,789 sqft
2020-12-01 68 days 1,763 sqft
2021-01-01 60 days 1,813 sqft
2021-02-01 49 days 1,723 sqft
2021-03-01 40 days 1,690 sqft
2021-04-01 40 days 1,712 sqft
2021-05-01 38 days 1,674 sqft
2021-06-01 41 days 1,670 sqft
2021-07-01 40 days 1,647 sqft
2021-08-01 41 days 1,622 sqft
2021-09-01 40 days 1,653 sqft
2021-10-01 39 days 1,600 sqft
2021-11-01 38 days 1,710 sqft
2021-12-01 53 days 1,729 sqft
2022-01-01 61 days 1,728 sqft
2022-02-01 42 days 1,679 sqft
2022-03-01 34 days 1,591 sqft
2022-04-01 34 days 1,657 sqft
2022-05-01 32 days 1,736 sqft
2022-06-01 36 days 1,731 sqft
2022-07-01 38 days 1,860 sqft
2022-08-01 43 days 1,865 sqft
2022-09-01 49 days 1,827 sqft
2022-10-01 49 days 1,865 sqft
2022-11-01 48 days 1,895 sqft
2022-12-01 59 days 1,904 sqft
2023-01-01 71 days 1,910 sqft
2023-02-01 51 days 1,901 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 1,884 sqft
2023-08-01 44 days 1,834 sqft
2023-09-01 47 days 1,825 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 1,795 sqft
2024-03-01 52 days 1,800 sqft
2024-04-01 50 days 1,809 sqft
2024-05-01 41 days 1,833 sqft
2024-06-01 50 days 1,843 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
Jacksonville's median listing age (time on market) for 2024-10-01 was 58 days. This is 23% longer than the same period one year ago.

Jacksonville's median square footage for active listings during the 2024-10-01 period was 1,764 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).