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 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.