Jacksonville USDA Loan Rates, Closing Costs & Stats

JACKSONVILLE, FL

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    • 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 72 lenders originated 240 USDA loans during 2021. The total origination value was $55,970,000, with an average USDA loan value of $233,208.

    Jacksonville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jacksonville averaged 6.25% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Jacksonville's average USDA mortgage closing costs are $6,014.

    The average rate for the prior week (2022-11-25) was 6.79% and one month ago for the week of 2022-10-28, the average rate was 6.96%.

    The average rate one year ago was 3.35%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.1%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 21 2.88% $5,557
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 3.21% $8,296
    HAMILTON HOME LOANS, INC. 13 3.08% $5,667
    LOANDEPOT.COM, LLC 12 3.18% $7,641
    CROSSCOUNTRY MORTGAGE, LLC 10 3.18% $5,841
    Bank of England 7 2.64% $6,573
    GUARANTEED RATE, INC. 7 3.05% $8,007
    First Federal Bank 7 2.89% $5,855
    UNION HOME MORTGAGE CORP. 6 2.75% $4,927
    HOMEAMERICAN MORTGAGE CORPORATION 5 2.53% $3,345
    KBHS HOME LOANS, LLC 5 3.23% $9,102
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 2.69% $7,005
    Paramount Residential Mortgage Group, Inc. 4 3.06% $7,195
    Gateway First Bank 4 3.00% $4,864
    Ameris Bank 4 2.81% $6,408
    Capital City Home Loans, LLC 4 2.69% $6,130
    Carrington Mortgage Services, LLC 4 3.00% $6,289
    CMG MORTGAGE, INC. 4 3.00% $8,671
    JET HOMELOANS, LLC 4 2.81% $9,481
    UNITED WHOLESALE MORTGAGE, LLC 4 2.87% $8,143
    HOMESTAR FINANCIAL CORPORATION 3 3.00% $4,695
    CALIBER HOME LOANS, INC. 3 2.96% $7,340
    FINANCE OF AMERICA MORTGAGE LLC 3 3.08% $7,854
    NEWREZ LLC 3 3.29% $5,611
    HOME POINT FINANCIAL CORPORATION 3 2.79% $6,192
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.79% $5,805
    ACADEMY MORTGAGE CORPORATION 3 2.88% $8,191
    Colten Mortgage, LLC 3 2.67% $4,887
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.16% $8,715
    Mortgage Lenders Investment Trading Corporation 2 3.00% $5,457
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 2.75% $5,001
    DAS Acquisition Company, LLC 2 3.06% $4,889
    FBC MORTGAGE, LLC 2 3.00% $7,013
    Flagstar Bank, FSB 2 2.50% $5,491
    Florida Capital Bank 2 2.88% $6,126
    Hometown Equity Mortgage, LLC 2 3.38% $4,044
    LAKEVIEW LOAN SERVICING, LLC 2 3.00% $3,975
    MOVEMENT MORTGAGE, LLC 2 2.69% $6,466
    PENNYMAC LOAN SERVICES, LLC 2 2.63% $6,893
    PLAZA HOME MORTGAGE, INC. 2 2.81% $6,076
    South State Bank 2 2.44% $6,351
    WATSON MORTGAGE CORP. 2 2.75% $6,276
    HOMESIDE FINANCIAL, LLC 1 3.13% $4,582
    COUNTRYPLACE MORTGAGE, LTD. 1 4.13% $9,038
    STOCKTON MORTGAGE CORPORATION 1 3.00% $4,619
    Ixonia Bank 1 2.88% $6,967
    CONTOUR MORTGAGE CORPORATION 1 2.75% $6,045
    Citizens Bank 1 2.88% $6,447
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.13% $7,216
    LIBERTY HOME MORTGAGE CORPORATION 1 2.88% $7,414
    Bell Bank 1 2.88% $7,049
    METROPLEX MORTGAGE SERVICES, INC. 1 2.88% $11,402
    MICHIGAN MUTUAL, INC. 1 2.25% $5,342
    ABSOLUTE HOME MORTGAGE CORPORATION 1 2.99% $8,355
    Alcova Mortgage LLC 1 3.38% $5,103
    Austin Capital Bank SSB 1 2.75% $10,577
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $6,981
    Advisors Mortgage Group, L.L.C. 1 3.25% $4,380
    U.S. Bank 1 2.75% $4,506
    AMERICAN FINANCIAL NETWORK, INC. 1 4.13% $6,555
    Prosperity Home Mortgage, LLC 1 3.25% $5,380
    PULTE MORTGAGE LLC 1 3.50% $3,110
    SIGNATURE MORTGAGE CORPORATION 1 2.88% $6,296
    VAN DYK MORTGAGE CORPORATION 1 3.25% $5,620
    STEARNS LENDING, LLC 1 2.75% $4,978
    GSF Mortgage Corporation 1 3.13% $6,623
    FREEDOM MORTGAGE CORPORATION 1 2.75% $8,826
    GUILD MORTGAGE COMPANY 1 3.38% $5,388
    First Guaranty Mortgage Corporation 1 2.25% $12,209
    Equity Prime Mortgage LLC 1 4.13% $9,809
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.50% $8,160
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.63% $6,952

    The top Jacksonville USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 21 USDA loans originated. Their average total fees are $5,557, which is $2,739 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Jacksonville USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,557), HAMILTON HOME LOANS, INC. ($5,667), CROSSCOUNTRY MORTGAGE, LLC ($5,841), LOANDEPOT.COM, LLC ($7,641) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,296).

    The lowest rate Jacksonville USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.88%), HAMILTON HOME LOANS, INC. (3.08%), CROSSCOUNTRY MORTGAGE, LLC (3.18%), LOANDEPOT.COM, LLC (3.18%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.21%).

    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 $311,693 (9.4%) $425,484 (6.3%) 1.16 6,550
    2018-02-01 $318,945 (11.1%) $432,082 (8.2%) 1.16 6,712
    2018-03-01 $324,900 (9.0%) $443,160 (7.9%) 1.14 6,992
    2018-04-01 $324,450 (7.6%) $443,603 (5.9%) 1.10 7,118
    2018-05-01 $319,950 (1.6%) $444,295 (2.3%) 1.07 7,352
    2018-06-01 $319,900 (3.4%) $437,229 (1.8%) 1.07 7,620
    2018-07-01 $309,000 (0.0%) $423,006 (-1.1%) 1.03 8,145
    2018-08-01 $302,364 (-2.2%) $419,444 (-1.8%) 1.01 8,170
    2018-09-01 $299,000 (-1.6%) $411,138 (-2.9%) 1.00 8,166
    2018-10-01 $294,995 (-4.6%) $406,954 (-3.3%) 1.00 8,337
    2018-11-01 $291,495 (-6.0%) $403,815 (-4.7%) 0.99 8,430
    2018-12-01 $295,900 (-3.0%) $403,968 (-3.6%) 1.02 8,115
    2019-01-01 $297,127 (-4.7%) $408,528 (-4.0%) 1.03 7,814
    2019-02-01 $299,900 (-6.0%) $415,326 (-3.9%) 1.01 7,885
    2019-03-01 $305,081 (-6.1%) $428,880 (-3.2%) 1.00 7,868
    2019-04-01 $312,488 (-3.7%) $443,597 (0.0%) 0.99 7,901
    2019-05-01 $314,950 (-1.6%) $445,442 (0.3%) 0.98 7,925
    2019-06-01 $310,995 (-2.8%) $444,217 (1.6%) 0.97 7,969
    2019-07-01 $307,995 (-0.3%) $438,938 (3.8%) 0.96 7,906
    2019-08-01 $303,626 (0.4%) $436,262 (4.0%) 0.96 7,887
    2019-09-01 $301,530 (0.9%) $435,983 (6.0%) 0.96 7,794
    2019-10-01 $299,913 (1.7%) $435,182 (6.9%) 0.97 7,740
    2019-11-01 $299,999 (2.9%) $437,321 (8.3%) 0.98 7,615
    2019-12-01 $299,945 (1.4%) $437,532 (8.3%) 1.00 7,265
    2020-01-01 $299,950 (1.0%) $437,873 (7.2%) 1.00 6,881
    2020-02-01 $310,000 (3.4%) $444,666 (7.1%) 1.01 6,805
    2020-03-01 $311,343 (2.1%) $441,787 (3.0%) 0.98 6,867
    2020-04-01 $299,950 (-4.0%) $428,323 (-3.4%) 0.94 7,405
    2020-05-01 $305,900 (-2.9%) $434,121 (-2.5%) 0.93 7,061
    2020-06-01 $307,495 (-1.1%) $435,027 (-2.1%) 0.91 6,246
    2020-07-01 $312,450 (1.5%) $442,425 (0.8%) 0.91 5,652
    2020-08-01 $315,000 (3.8%) $450,878 (3.4%) 0.90 5,046
    2020-09-01 $315,000 (4.5%) $458,365 (5.1%) 0.90 4,461
    2020-10-01 $308,500 (2.9%) $456,654 (4.9%) 0.88 4,276
    2020-11-01 $302,423 (0.8%) $461,459 (5.5%) 0.88 4,099
    2020-12-01 $300,000 (0.0%) $464,445 (6.2%) 0.89 3,720
    2021-01-01 $306,835 (2.3%) $472,007 (7.8%) 0.92 3,061
    2021-02-01 $314,270 (1.4%) $494,540 (11.2%) 0.91 2,470
    2021-03-01 $318,122 (2.2%) $502,249 (13.7%) 0.90 2,179
    2021-04-01 $329,450 (9.8%) $523,682 (22.3%) 0.89 2,164
    2021-05-01 $335,100 (9.6%) $519,694 (19.7%) 0.89 2,233
    2021-06-01 $344,495 (12.0%) $518,890 (19.3%) 0.91 2,460
    2021-07-01 $349,057 (11.7%) $526,220 (18.9%) 0.92 2,771
    2021-08-01 $350,000 (11.1%) $525,907 (16.6%) 0.93 2,908
    2021-09-01 $359,900 (14.3%) $526,964 (15.0%) 0.96 3,034
    2021-10-01 $355,000 (15.1%) $511,063 (11.9%) 0.95 3,099
    2021-11-01 $360,143 (19.1%) $521,465 (13.0%) 0.96 2,800
    2021-12-01 $367,450 (22.5%) $545,330 (17.4%) 1.00 2,414
    2022-01-01 $372,995 (21.6%) $563,125 (19.3%) 1.01 2,167
    2022-02-01 $379,950 (20.9%) $580,808 (17.4%) 0.99 1,880
    2022-03-01 $397,450 (24.9%) $602,914 (20.0%) 1.00 1,753
    2022-04-01 $409,999 (24.5%) $601,406 (14.8%) 0.98 2,024
    2022-05-01 $430,473 (28.5%) $614,476 (18.2%) 0.98 2,676
    2022-06-01 $442,475 (28.4%) $615,352 (18.6%) 0.99 3,405
    2022-07-01 $429,900 (23.2%) $598,488 (13.7%) 0.97 4,402
    2022-08-01 $420,448 (20.1%) $590,395 (12.3%) 0.97 5,170
    2022-09-01 $407,500 (13.2%) $569,312 (8.0%) 0.95 5,595
    2022-10-01 $400,000 (12.7%) $564,276 (10.4%) 0.94 5,869
    2022-11-01 $397,500 (10.4%) $550,428 (5.6%) 0.96 6,068
    Jacksonville's median listing price for 2022-11-01 was $397,500, a difference of $37,357 (10.4%) versus the prior year and $-2,500 versus the prior month.

    Jacksonville's median listing price comes in at 96% of the national average.

    Jacksonville's average listing price for 2022-11-01 was $550,428, a difference of $28,963 (5.6%) versus the prior year and $-13,848 versus the prior month.

    For the 2022-11-01 period, Jacksonville had 6,068 MLS listings, a difference of 199 listings (3%) versus the prior month and 3,268 listings (117%) 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 82 days 2,075 sqft
    2018-02-01 75 days 2,077 sqft
    2018-03-01 57 days 2,115 sqft
    2018-04-01 58 days 2,113 sqft
    2018-05-01 59 days 2,098 sqft
    2018-06-01 60 days 2,103 sqft
    2018-07-01 62 days 2,056 sqft
    2018-08-01 64 days 2,037 sqft
    2018-09-01 67 days 2,013 sqft
    2018-10-01 68 days 1,999 sqft
    2018-11-01 72 days 1,986 sqft
    2018-12-01 77 days 1,988 sqft
    2019-01-01 84 days 1,978 sqft
    2019-02-01 80 days 1,972 sqft
    2019-03-01 68 days 2,012 sqft
    2019-04-01 60 days 2,043 sqft
    2019-05-01 63 days 2,055 sqft
    2019-06-01 64 days 2,048 sqft
    2019-07-01 67 days 2,041 sqft
    2019-08-01 69 days 2,019 sqft
    2019-09-01 71 days 2,002 sqft
    2019-10-01 72 days 1,988 sqft
    2019-11-01 71 days 1,986 sqft
    2019-12-01 74 days 1,979 sqft
    2020-01-01 82 days 1,975 sqft
    2020-02-01 75 days 1,981 sqft
    2020-03-01 61 days 1,960 sqft
    2020-04-01 64 days 1,914 sqft
    2020-05-01 71 days 1,933 sqft
    2020-06-01 78 days 1,931 sqft
    2020-07-01 77 days 1,936 sqft
    2020-08-01 75 days 1,922 sqft
    2020-09-01 70 days 1,894 sqft
    2020-10-01 63 days 1,862 sqft
    2020-11-01 62 days 1,851 sqft
    2020-12-01 64 days 1,830 sqft
    2021-01-01 65 days 1,819 sqft
    2021-02-01 60 days 1,802 sqft
    2021-03-01 48 days 1,808 sqft
    2021-04-01 40 days 1,806 sqft
    2021-05-01 41 days 1,811 sqft
    2021-06-01 36 days 1,800 sqft
    2021-07-01 37 days 1,800 sqft
    2021-08-01 37 days 1,797 sqft
    2021-09-01 38 days 1,784 sqft
    2021-10-01 39 days 1,798 sqft
    2021-11-01 44 days 1,792 sqft
    2021-12-01 51 days 1,796 sqft
    2022-01-01 50 days 1,798 sqft
    2022-02-01 38 days 1,799 sqft
    2022-03-01 36 days 1,853 sqft
    2022-04-01 29 days 1,831 sqft
    2022-05-01 29 days 1,857 sqft
    2022-06-01 30 days 1,856 sqft
    2022-07-01 34 days 1,850 sqft
    2022-08-01 41 days 1,846 sqft
    2022-09-01 47 days 1,831 sqft
    2022-10-01 54 days 1,823 sqft
    2022-11-01 60 days 1,814 sqft
    Jacksonville's median listing age (time on market) for 2022-11-01 was 60 days. This is 38% longer than the same period one year ago.

    Jacksonville's median square footage for active listings during the 2022-11-01 period was 1,814 sqft. One year prior, the average listing was 1,792 sqft.