Jacksonville USDA Loans

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 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 5.41% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.54% and one month ago for the week of 2022-04-08, the average rate was 4.8%.

The average rate one year ago was 3.02%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.26%.

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 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. Total Fees
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 $313,490 (8.1%) $424,319 (5.3%) 1.15 7,612
2018-02-01 $319,950 (9.9%) $430,274 (6.8%) 1.15 7,788
2018-03-01 $325,000 (8.4%) $442,349 (6.8%) 1.12 8,015
2018-04-01 $325,000 (5.2%) $443,808 (5.2%) 1.09 8,202
2018-05-01 $322,990 (1.5%) $442,536 (1.3%) 1.08 8,479
2018-06-01 $323,990 (2.9%) $438,235 (1.1%) 1.08 8,787
2018-07-01 $315,000 (1.0%) $425,459 (-1.2%) 1.05 9,308
2018-08-01 $312,693 (0.1%) $423,689 (-0.9%) 1.04 9,265
2018-09-01 $307,990 (-0.3%) $416,160 (-1.7%) 1.03 9,274
2018-10-01 $299,950 (-4.1%) $412,502 (-2.2%) 1.00 9,529
2018-11-01 $299,700 (-4.1%) $410,051 (-3.2%) 1.00 9,588
2018-12-01 $300,000 (-3.2%) $409,877 (-2.1%) 1.03 9,276
2019-01-01 $301,350 (-3.9%) $414,979 (-2.2%) 1.04 8,899
2019-02-01 $308,334 (-3.6%) $420,433 (-2.3%) 1.03 9,071
2019-03-01 $313,714 (-3.5%) $433,819 (-1.9%) 1.02 9,032
2019-04-01 $321,250 (-1.2%) $449,186 (1.2%) 1.01 9,131
2019-05-01 $323,900 (0.3%) $453,992 (2.6%) 1.00 9,191
2019-06-01 $319,990 (-1.2%) $453,550 (3.5%) 0.98 9,220
2019-07-01 $315,450 (0.1%) $447,256 (5.1%) 0.98 9,084
2019-08-01 $312,800 (0.0%) $445,518 (5.2%) 0.98 8,948
2019-09-01 $309,950 (0.6%) $444,969 (6.9%) 0.98 8,738
2019-10-01 $314,445 (4.8%) $450,052 (9.1%) 1.00 8,957
2019-11-01 $313,990 (4.8%) $449,174 (9.5%) 1.01 8,869
2019-12-01 $309,995 (3.3%) $446,017 (8.8%) 1.03 8,479
2020-01-01 $311,995 (3.5%) $446,213 (7.5%) 1.04 7,991
2020-02-01 $319,900 (3.8%) $452,897 (7.7%) 1.03 7,881
2020-03-01 $324,850 (3.6%) $455,956 (5.1%) 1.02 7,932
2020-04-01 $315,293 (-1.9%) $443,949 (-1.2%) 0.98 8,527
2020-05-01 $321,990 (-0.6%) $448,446 (-1.2%) 0.98 8,139
2020-06-01 $321,025 (0.3%) $451,846 (-0.4%) 0.94 7,224
2020-07-01 $323,400 (2.5%) $461,022 (3.1%) 0.93 6,488
2020-08-01 $327,000 (4.5%) $476,268 (6.9%) 0.93 5,805
2020-09-01 $328,278 (5.9%) $482,110 (8.4%) 0.94 5,101
2020-10-01 $324,900 (3.3%) $479,717 (6.6%) 0.93 4,882
2020-11-01 $319,450 (1.7%) $485,924 (8.2%) 0.91 4,708
2020-12-01 $318,450 (2.7%) $486,738 (9.1%) 0.93 4,264
2021-01-01 $318,990 (2.2%) $486,461 (9.0%) 0.94 3,500
2021-02-01 $327,450 (2.4%) $513,369 (13.4%) 0.94 2,771
2021-03-01 $334,180 (2.9%) $524,601 (15.1%) 0.94 2,391
2021-04-01 $341,400 (8.3%) $539,584 (21.5%) 0.92 2,345
2021-05-01 $347,500 (7.9%) $536,379 (19.6%) 0.91 2,403
2021-06-01 $349,995 (9.0%) $529,484 (17.2%) 0.91 2,705
2021-07-01 $350,254 (8.3%) $536,258 (16.3%) 0.91 3,023
2021-08-01 $359,000 (9.8%) $536,864 (12.7%) 0.94 3,279
2021-09-01 $369,876 (12.7%) $542,572 (12.5%) 0.97 3,435
2021-10-01 $369,900 (13.9%) $529,298 (10.3%) 0.97 3,506
2021-11-01 $374,900 (17.4%) $540,111 (11.2%) 0.99 3,136
2021-12-01 $376,250 (18.2%) $560,468 (15.2%) 1.00 2,720
2022-01-01 $385,000 (20.7%) $584,914 (20.2%) 1.03 2,430
2022-02-01 $392,500 (19.9%) $601,459 (17.2%) 1.00 2,054
2022-03-01 $406,000 (21.5%) $621,919 (18.6%) 1.00 1,901
2022-04-01 $419,900 (23.0%) $616,449 (14.3%) 0.99 2,202
Jacksonville's median listing price for 2022-04-01 was $419,900, a difference of $78,500 (23.0%) versus the prior year and $13,900 versus the prior month.

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

Jacksonville's average listing price for 2022-04-01 was $616,449, a difference of $76,865 (14.3%) versus the prior year and $-5,470 versus the prior month.

For the 2022-04-01 period, Jacksonville had 2,202 MLS listings, a difference of 301 listings (16%) versus the prior month and -143 listings (-6%) 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 2,062 sqft
2018-02-01 77 days 2,064 sqft
2018-03-01 58 days 2,099 sqft
2018-04-01 59 days 2,107 sqft
2018-05-01 61 days 2,087 sqft
2018-06-01 62 days 2,098 sqft
2018-07-01 64 days 2,060 sqft
2018-08-01 64 days 2,050 sqft
2018-09-01 67 days 2,031 sqft
2018-10-01 68 days 2,010 sqft
2018-11-01 71 days 1,996 sqft
2018-12-01 78 days 1,998 sqft
2019-01-01 84 days 1,986 sqft
2019-02-01 80 days 1,986 sqft
2019-03-01 62 days 2,025 sqft
2019-04-01 63 days 2,062 sqft
2019-05-01 64 days 2,072 sqft
2019-06-01 64 days 2,066 sqft
2019-07-01 70 days 2,052 sqft
2019-08-01 70 days 2,030 sqft
2019-09-01 72 days 2,014 sqft
2019-10-01 70 days 2,017 sqft
2019-11-01 69 days 2,003 sqft
2019-12-01 73 days 1,993 sqft
2020-01-01 81 days 1,987 sqft
2020-02-01 74 days 1,992 sqft
2020-03-01 58 days 1,992 sqft
2020-04-01 58 days 1,956 sqft
2020-05-01 67 days 1,960 sqft
2020-06-01 67 days 1,950 sqft
2020-07-01 64 days 1,962 sqft
2020-08-01 59 days 1,958 sqft
2020-09-01 57 days 1,930 sqft
2020-10-01 51 days 1,897 sqft
2020-11-01 51 days 1,868 sqft
2020-12-01 57 days 1,862 sqft
2021-01-01 64 days 1,856 sqft
2021-02-01 55 days 1,856 sqft
2021-03-01 44 days 1,859 sqft
2021-04-01 39 days 1,833 sqft
2021-05-01 38 days 1,821 sqft
2021-06-01 37 days 1,809 sqft
2021-07-01 37 days 1,800 sqft
2021-08-01 38 days 1,807 sqft
2021-09-01 38 days 1,802 sqft
2021-10-01 39 days 1,820 sqft
2021-11-01 43 days 1,811 sqft
2021-12-01 50 days 1,810 sqft
2022-01-01 52 days 1,814 sqft
2022-02-01 40 days 1,826 sqft
2022-03-01 38 days 1,868 sqft
2022-04-01 31 days 1,860 sqft
Jacksonville's median listing age (time on market) for 2022-04-01 was 31 days. This is -19% shorter than the same period one year ago.

Jacksonville's median square footage for active listings during the 2022-04-01 period was 1,860 sqft. One year prior, the average listing was 1,833 sqft.