Jacksonville USDA Loan Rates, Closing Costs & Stats

JACKSONVILLE, FL

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Jacksonville's 24 lenders originated 46 USDA loans during 2022. The total origination value was $11,520,000, with an average USDA loan value of $250,435.

Jacksonville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Jacksonville averaged 6.01% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

Jacksonville's average USDA mortgage closing costs are $6,121.

The average rate for the prior week (2024-02-09) was 6.05% and one month ago for the week of 2024-01-12, the average rate was 5.77%.

The average rate one year ago was 5.9%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.1%.

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

Jacksonville USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Jacksonville level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
ACADEMY MORTGAGE CORPORATION 7 5.21% $9,261
DHI MORTGAGE COMPANY, LTD. 5 3.90% $9,479
KBHS HOME LOANS, LLC 3 5.67% $15,003
GUARANTEED RATE, INC. 2 3.81% $7,099
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.31% $7,248
Bank of England 2 5.50% $8,130
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.31% $10,994
First Federal Bank 2 4.88% $5,943
HOME POINT FINANCIAL CORPORATION 2 3.00% $6,180
OPEN MORTGAGE, LLC 2 4.56% $10,466
PENNYMAC LOAN SERVICES, LLC 1 2.88% $6,496
The Home Loan Expert LLC 1 2.25% $9,950
CANOPY MORTGAGE, LLC 1 4.63% $7,996
HAMILTON HOME LOANS, INC. 1 3.99% $7,074
Truist 1 2.25% $6,147
HOMESTAR FINANCIAL CORPORATION 1 2.88% $6,396
AMERIFIRST FINANCIAL CORPORATION 1 4.50% $11,120
Network Funding, L.P. 1 3.25% $6,279
UNITED WHOLESALE MORTGAGE, LLC 1 3.63% $9,891
OVM FINANCIAL, INC. 1 3.75% $9,146
CMG MORTGAGE, INC. 1 5.25% $7,023
CROSSCOUNTRY MORTGAGE, LLC 1 4.94% $8,381
CARDINAL FINANCIAL 1 4.50% $8,164
EMM LOANS LLC 1 3.63% $7,169

The top Jacksonville USDA lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with 7 USDA loans originated. Their average total fees are $9,261, which is $217 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Jacksonville USDA lenders (with over 10 loans originated) are .

The lowest rate Jacksonville USDA lenders (with over 10 loans originated) are .


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
Jacksonville's median listing price for 2023-12-01 was $407,697, a difference of $18,697 (4.8%) versus the prior year and $-4,303 versus the prior month.

Jacksonville's median listing price comes in at 99% of the national average.

Jacksonville's average listing price for 2023-12-01 was $577,685, a difference of $34,105 (6.3%) versus the prior year and $-10,850 versus the prior month.

For the 2023-12-01 period, Jacksonville had 5,951 MLS listings, a difference of -16 listings (0%) versus the prior month and 147 listings (3%) 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 1,977 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 2,021 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 1,815 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 1,855 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
Jacksonville's median listing age (time on market) for 2023-12-01 was 61 days. This is -5% shorter than the same period one year ago.

Jacksonville's median square footage for active listings during the 2023-12-01 period was 1,800 sqft. One year prior, the average listing was 1,804 sqft.