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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.