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 6.25% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

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

The average rate for the prior week (2023-05-19) was 6.2% and one month ago for the week of 2023-04-21, the average rate was 5.7%.

The average rate one year ago was 4.82%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.24%.

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 $311,635 (9.4%) $425,320 (6.3%) 1.16 6,549
2018-02-01 $318,923 (11.1%) $431,920 (8.2%) 1.16 6,711
2018-03-01 $324,900 (9.0%) $443,002 (7.9%) 1.14 6,991
2018-04-01 $324,450 (7.6%) $443,457 (5.9%) 1.10 7,117
2018-05-01 $319,950 (1.6%) $444,151 (2.3%) 1.07 7,351
2018-06-01 $319,900 (3.4%) $437,089 (1.8%) 1.07 7,619
2018-07-01 $309,000 (0.0%) $422,874 (-1.1%) 1.03 8,144
2018-08-01 $302,345 (-2.2%) $419,315 (-1.8%) 1.01 8,169
2018-09-01 $299,000 (-1.6%) $411,006 (-2.9%) 1.01 8,165
2018-10-01 $294,995 (-4.6%) $406,823 (-3.3%) 1.00 8,336
2018-11-01 $291,495 (-6.0%) $403,685 (-4.7%) 0.99 8,429
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 $305,000 (-6.1%) $431,411 (-2.6%) 1.02 8,082
2019-04-01 $312,356 (-3.7%) $443,562 (0.0%) 0.99 7,904
2019-05-01 $314,950 (-1.6%) $445,410 (0.3%) 0.98 7,913
2019-06-01 $311,302 (-2.7%) $444,268 (1.6%) 0.97 7,953
2019-07-01 $308,139 (-0.3%) $438,962 (3.8%) 0.96 7,888
2019-08-01 $313,900 (3.8%) $449,778 (7.3%) 0.98 7,835
2019-09-01 $309,500 (3.5%) $451,194 (9.8%) 0.98 7,113
2019-10-01 $299,900 (1.7%) $434,537 (6.8%) 0.97 7,709
2019-11-01 $299,999 (2.9%) $437,401 (8.4%) 0.98 7,594
2019-12-01 $299,949 (1.4%) $437,630 (8.4%) 1.00 7,244
2020-01-01 $299,950 (1.0%) $437,977 (7.3%) 1.00 6,861
2020-02-01 $310,000 (3.4%) $444,802 (7.1%) 1.02 6,785
2020-03-01 $311,498 (2.1%) $441,907 (2.4%) 0.98 6,846
2020-04-01 $299,950 (-4.0%) $428,418 (-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 (0.4%) $451,078 (0.3%) 0.90 5,025
2020-09-01 $315,000 (1.8%) $458,640 (1.7%) 0.90 4,440
2020-10-01 $309,500 (3.2%) $456,928 (5.2%) 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 $307,313 (2.5%) $472,474 (7.9%) 0.92 3,040
2021-02-01 $314,963 (1.6%) $495,116 (11.3%) 0.92 2,450
2021-03-01 $319,675 (2.6%) $502,902 (13.8%) 0.91 2,159
2021-04-01 $329,950 (10.0%) $524,508 (22.4%) 0.89 2,144
2021-05-01 $336,850 (10.1%) $520,427 (19.8%) 0.89 2,213
2021-06-01 $345,592 (12.1%) $519,730 (19.4%) 0.91 2,441
2021-07-01 $349,700 (11.9%) $527,714 (19.2%) 0.92 2,753
2021-08-01 $350,000 (11.1%) $527,122 (16.9%) 0.93 2,893
2021-09-01 $359,948 (14.3%) $528,078 (15.1%) 0.96 3,017
2021-10-01 $355,782 (15.0%) $512,316 (12.1%) 0.95 3,080
2021-11-01 $361,500 (19.3%) $523,037 (13.3%) 0.97 2,780
2021-12-01 $368,450 (22.5%) $547,221 (17.7%) 1.00 2,394
2022-01-01 $375,000 (22.0%) $564,717 (19.5%) 1.01 2,147
2022-02-01 $381,495 (21.1%) $582,723 (17.7%) 0.99 1,859
2022-03-01 $397,565 (24.4%) $605,096 (20.3%) 1.00 1,732
2022-04-01 $410,000 (24.3%) $603,079 (15.0%) 0.98 2,003
2022-05-01 $432,200 (28.3%) $615,889 (18.3%) 0.99 2,655
2022-06-01 $442,500 (28.0%) $616,552 (18.6%) 0.99 3,384
2022-07-01 $430,000 (23.0%) $599,339 (13.6%) 0.97 4,382
2022-08-01 $421,030 (20.3%) $591,002 (12.1%) 0.97 5,149
2022-09-01 $407,500 (13.2%) $569,903 (7.9%) 0.95 5,574
2022-10-01 $400,000 (12.4%) $564,789 (10.2%) 0.94 5,848
2022-11-01 $397,995 (10.1%) $550,890 (5.3%) 0.96 6,048
2022-12-01 $389,450 (5.7%) $544,984 (-0.4%) 0.96 5,804
2023-01-01 $385,000 (2.7%) $544,371 (-3.6%) 0.95 5,299
2023-02-01 $389,950 (2.2%) $556,394 (-4.5%) 0.94 5,065
2023-03-01 $399,700 (0.5%) $578,654 (-4.4%) 0.94 4,789
2023-04-01 $410,000 (0.0%) $600,671 (-0.4%) 0.95 4,498
Jacksonville's median listing price for 2023-04-01 was $410,000, a difference of $0 (0.0%) versus the prior year and $10,300 versus the prior month.

Jacksonville's median listing price comes in at 95% of the national average.

Jacksonville's average listing price for 2023-04-01 was $600,671, a difference of $-2,408 (-0.4%) versus the prior year and $22,017 versus the prior month.

For the 2023-04-01 period, Jacksonville had 4,498 MLS listings, a difference of -291 listings (-6%) versus the prior month and 2,495 listings (125%) 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 2,076 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 2,000 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 61 days 2,011 sqft
2019-04-01 60 days 2,043 sqft
2019-05-01 63 days 2,055 sqft
2019-06-01 64 days 2,049 sqft
2019-07-01 67 days 2,041 sqft
2019-08-01 74 days 2,037 sqft
2019-09-01 79 days 2,029 sqft
2019-10-01 73 days 1,989 sqft
2019-11-01 70 days 1,986 sqft
2019-12-01 74 days 1,981 sqft
2020-01-01 82 days 1,976 sqft
2020-02-01 75 days 1,981 sqft
2020-03-01 61 days 1,961 sqft
2020-04-01 64 days 1,915 sqft
2020-05-01 71 days 1,933 sqft
2020-06-01 78 days 1,932 sqft
2020-07-01 77 days 1,938 sqft
2020-08-01 75 days 1,922 sqft
2020-09-01 70 days 1,896 sqft
2020-10-01 62 days 1,862 sqft
2020-11-01 61 days 1,852 sqft
2020-12-01 63 days 1,831 sqft
2021-01-01 64 days 1,819 sqft
2021-02-01 59 days 1,802 sqft
2021-03-01 47 days 1,808 sqft
2021-04-01 40 days 1,806 sqft
2021-05-01 41 days 1,813 sqft
2021-06-01 36 days 1,800 sqft
2021-07-01 36 days 1,804 sqft
2021-08-01 37 days 1,796 sqft
2021-09-01 37 days 1,783 sqft
2021-10-01 39 days 1,798 sqft
2021-11-01 43 days 1,793 sqft
2021-12-01 50 days 1,798 sqft
2022-01-01 50 days 1,798 sqft
2022-02-01 38 days 1,800 sqft
2022-03-01 36 days 1,855 sqft
2022-04-01 29 days 1,834 sqft
2022-05-01 28 days 1,858 sqft
2022-06-01 29 days 1,856 sqft
2022-07-01 33 days 1,851 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 1,815 sqft
2022-12-01 65 days 1,799 sqft
2023-01-01 74 days 1,793 sqft
2023-02-01 65 days 1,805 sqft
2023-03-01 54 days 1,810 sqft
2023-04-01 52 days 1,832 sqft
Jacksonville's median listing age (time on market) for 2023-04-01 was 52 days. This is 79% longer than the same period one year ago.

Jacksonville's median square footage for active listings during the 2023-04-01 period was 1,832 sqft. One year prior, the average listing was 1,834 sqft.