Jacksonville USDA Loans

JACKSONVILLE, FL

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    • 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.