Jacksonville USDA Loan Rates, Closing Costs & Stats

JACKSONVILLE, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.