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%.
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 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. LouisDate | 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 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. LouisDate | 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 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.