Jacksonville USDA Loan Rates, Closing Costs & Stats
Jacksonville, IL
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 9 lenders originated 20 USDA loans during 2023. The total origination value was $2,220,000, with an average USDA loan value of $111,000.
Jacksonville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Jacksonville
averaged
6.9%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Jacksonville's average USDA mortgage closing costs are $3,326.
The average rate for the prior week (2024-04-12) was
6.95% and
one month ago for the week of 2024-03-15, the
average rate was 6.43%.
The average rate one year ago was 6.17%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.96%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Petefish, Skiles & Co. | 7 | 6.96% | $3,295 |
| BROKER SOLUTIONS, INC. | 3 | 6.83% | $5,748 |
| CNB Bank And Trust, N.A. | 3 | 7.50% | $2,798 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 2 | 6.88% | $5,919 |
| TOP FLITE FINANCIAL, INC. | 1 | 7.50% | $7,278 |
| United Community Bank | 1 | 6.00% | $3,080 |
| First Bank | 1 | 7.63% | $3,937 |
| FIRST STATE MORTGAGE SERVICES, LLC | 1 | 7.00% | $3,780 |
| Heartland Bank and Trust Company | 1 | 5.75% | $4,080 |
The top Jacksonville USDA lender as defined by loan originations is Petefish, Skiles & Co., with
7 USDA loans originated. Their average total fees are
$3,295, which is $2,454
lower than the next largest lender,
BROKER SOLUTIONS, INC..
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 | $119,900 (11.0%) | $136,808 (3.8%) | 0.00 | 123 |
| 2018-02-01 | $119,900 (11.7%) | $137,540 (6.7%) | 0.00 | 125 |
| 2018-03-01 | $120,000 (0.1%) | $144,230 (5.0%) | 0.00 | 137 |
| 2018-04-01 | $130,425 (8.8%) | $151,039 (10.4%) | 0.00 | 146 |
| 2018-05-01 | $128,450 (7.9%) | $145,261 (8.9%) | 0.00 | 156 |
| 2018-06-01 | $124,900 (4.2%) | $143,089 (5.4%) | 0.00 | 159 |
| 2018-07-01 | $124,900 (4.2%) | $141,265 (4.9%) | 0.00 | 160 |
| 2018-08-01 | $126,125 (5.2%) | $142,315 (6.4%) | 0.00 | 158 |
| 2018-09-01 | $124,900 (4.2%) | $135,513 (-0.8%) | 0.00 | 153 |
| 2018-10-01 | $120,050 (-1.4%) | $135,898 (-3.3%) | 0.00 | 157 |
| 2018-11-01 | $116,650 (0.4%) | $132,764 (-4.3%) | 0.00 | 152 |
| 2018-12-01 | $115,900 (2.2%) | $132,680 (1.4%) | 0.00 | 143 |
| 2019-01-01 | $115,900 (-3.3%) | $131,540 (-3.9%) | 0.00 | 129 |
| 2019-02-01 | $117,925 (-1.7%) | $134,084 (-2.5%) | 0.00 | 116 |
| 2019-03-01 | $121,514 (1.3%) | $138,839 (-3.7%) | 0.00 | 113 |
| 2019-04-01 | $124,564 (-4.5%) | $142,660 (-5.6%) | 0.00 | 114 |
| 2019-05-01 | $132,900 (3.5%) | $145,978 (0.5%) | 0.00 | 136 |
| 2019-06-01 | $134,400 (7.6%) | $141,219 (-1.3%) | 0.00 | 171 |
| 2019-07-01 | $136,675 (9.4%) | $141,060 (-0.1%) | 0.00 | 172 |
| 2019-08-01 | $136,654 (8.4%) | $140,930 (-1.0%) | 0.00 | 170 |
| 2019-09-01 | $131,786 (5.5%) | $137,726 (1.6%) | 0.00 | 177 |
| 2019-10-01 | $123,200 (2.6%) | $134,273 (-1.2%) | 0.00 | 181 |
| 2019-11-01 | $116,900 (0.2%) | $130,458 (-1.7%) | 0.00 | 178 |
| 2019-12-01 | $100,925 (-12.9%) | $123,275 (-7.1%) | 0.00 | 164 |
| 2020-01-01 | $97,950 (-15.5%) | $121,707 (-7.5%) | 0.00 | 149 |
| 2020-02-01 | $104,900 (-11.1%) | $119,369 (-11.0%) | 0.00 | 138 |
| 2020-03-01 | $109,900 (-9.6%) | $127,705 (-8.0%) | 0.00 | 141 |
| 2020-04-01 | $120,950 (-2.9%) | $129,672 (-9.1%) | 0.00 | 135 |
| 2020-05-01 | $119,900 (-9.8%) | $130,719 (-10.5%) | 0.00 | 127 |
| 2020-06-01 | $124,550 (-7.3%) | $135,106 (-4.3%) | 0.00 | 119 |
| 2020-07-01 | $119,900 (-12.3%) | $133,819 (-5.1%) | 0.00 | 115 |
| 2020-08-01 | $109,900 (-19.6%) | $126,505 (-10.2%) | 0.00 | 105 |
| 2020-09-01 | $94,000 (-28.7%) | $114,583 (-16.8%) | 0.00 | 99 |
| 2020-10-01 | $104,900 (-14.9%) | $112,468 (-16.2%) | 0.00 | 104 |
| 2020-11-01 | $104,900 (-10.3%) | $110,482 (-15.3%) | 0.00 | 87 |
| 2020-12-01 | $101,150 (0.2%) | $111,880 (-9.2%) | 0.00 | 82 |
| 2021-01-01 | $87,500 (-10.7%) | $114,443 (-6.0%) | 0.00 | 71 |
| 2021-02-01 | $86,175 (-17.9%) | $112,924 (-5.4%) | 0.00 | 61 |
| 2021-03-01 | $79,900 (-27.3%) | $103,117 (-19.3%) | 0.00 | 53 |
| 2021-04-01 | $72,000 (-40.5%) | $99,106 (-23.6%) | 0.00 | 47 |
| 2021-05-01 | $80,250 (-33.1%) | $124,682 (-4.6%) | 0.00 | 38 |
| 2021-06-01 | $77,375 (-37.9%) | $127,268 (-5.8%) | 0.00 | 33 |
| 2021-07-01 | $69,500 (-42.0%) | $110,897 (-17.1%) | 0.00 | 32 |
| 2021-08-01 | $82,200 (-25.2%) | $120,461 (-4.8%) | 0.00 | 41 |
| 2021-09-01 | $90,475 (-3.8%) | $125,549 (9.6%) | 0.00 | 40 |
| 2021-10-01 | $84,900 (-19.1%) | $126,835 (12.8%) | 0.00 | 44 |
| 2021-11-01 | $98,425 (-6.2%) | $146,079 (32.2%) | 0.00 | 50 |
| 2021-12-01 | $101,974 (0.8%) | $127,990 (14.4%) | 0.00 | 48 |
| 2022-01-01 | $99,900 (14.2%) | $127,710 (11.6%) | 0.00 | 30 |
| 2022-02-01 | $102,450 (18.9%) | $121,199 (7.3%) | 0.00 | 29 |
| 2022-03-01 | $89,725 (12.3%) | $110,000 (6.7%) | 0.00 | 32 |
| 2022-04-01 | $95,700 (32.9%) | $118,864 (19.9%) | 0.00 | 33 |
| 2022-05-01 | $104,900 (30.7%) | $130,849 (5.0%) | 0.00 | 34 |
| 2022-06-01 | $125,650 (62.4%) | $148,616 (16.8%) | 0.00 | 36 |
| 2022-07-01 | $114,900 (65.3%) | $149,095 (34.4%) | 0.00 | 45 |
| 2022-08-01 | $117,425 (42.9%) | $158,037 (31.2%) | 0.00 | 33 |
| 2022-09-01 | $130,450 (44.2%) | $208,333 (65.9%) | 0.00 | 30 |
| 2022-10-01 | $124,900 (47.1%) | $169,099 (33.3%) | 0.00 | 39 |
| 2022-11-01 | $123,950 (25.9%) | $153,768 (5.3%) | 0.00 | 46 |
| 2022-12-01 | $137,450 (34.8%) | $138,510 (8.2%) | 0.00 | 38 |
| 2023-01-01 | $125,000 (25.1%) | $132,466 (3.7%) | 0.00 | 31 |
| 2023-02-01 | $117,225 (14.4%) | $128,744 (6.2%) | 0.00 | 22 |
| 2023-03-01 | $128,225 (42.9%) | $130,152 (18.3%) | 0.00 | 25 |
| 2023-04-01 | $134,450 (40.5%) | $154,956 (30.4%) | 0.00 | 23 |
| 2023-05-01 | $130,138 (24.1%) | $149,475 (14.2%) | 0.00 | 28 |
| 2023-06-01 | $133,163 (6.0%) | $142,334 (-4.2%) | 0.00 | 29 |
| 2023-07-01 | $130,000 (13.1%) | $137,638 (-7.7%) | 0.00 | 25 |
| 2023-08-01 | $126,088 (7.4%) | $149,693 (-5.3%) | 0.00 | 22 |
| 2023-09-01 | $134,675 (3.2%) | $143,335 (-31.2%) | 0.00 | 34 |
| 2023-10-01 | $129,900 (4.0%) | $146,903 (-13.1%) | 0.00 | 33 |
| 2023-11-01 | $129,900 (4.8%) | $155,643 (1.2%) | 0.00 | 37 |
| 2023-12-01 | $149,900 (9.1%) | $176,498 (27.4%) | 0.00 | 31 |
| 2024-01-01 | $156,175 (24.9%) | $153,472 (15.9%) | 0.00 | 30 |
| 2024-02-01 | $128,675 (9.8%) | $142,027 (10.3%) | 0.00 | 27 |
| 2024-03-01 | $123,400 (-3.8%) | $145,852 (12.1%) | 0.00 | 28 |
Jacksonville's median listing price comes in at 0% of the national average.
Jacksonville's average listing price for 2024-03-01 was $145,852, a difference of $15,700 (12.1%) versus the prior year and $3,825 versus the prior month.
For the 2024-03-01 period, Jacksonville had 28 MLS listings, a difference of 1 listings (4%) versus the prior month and 3 listings (12%) 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 | 0 days | 1,855 sqft |
| 2018-02-01 | 0 days | 1,852 sqft |
| 2018-03-01 | 0 days | 1,847 sqft |
| 2018-04-01 | 0 days | 1,864 sqft |
| 2018-05-01 | 0 days | 1,847 sqft |
| 2018-06-01 | 0 days | 1,843 sqft |
| 2018-07-01 | 0 days | 1,824 sqft |
| 2018-08-01 | 0 days | 1,848 sqft |
| 2018-09-01 | 0 days | 1,835 sqft |
| 2018-10-01 | 0 days | 1,728 sqft |
| 2018-11-01 | 0 days | 1,679 sqft |
| 2018-12-01 | 0 days | 1,680 sqft |
| 2019-01-01 | 0 days | 1,643 sqft |
| 2019-02-01 | 0 days | 1,636 sqft |
| 2019-03-01 | 0 days | 1,731 sqft |
| 2019-04-01 | 0 days | 1,842 sqft |
| 2019-05-01 | 0 days | 1,853 sqft |
| 2019-06-01 | 0 days | 1,850 sqft |
| 2019-07-01 | 0 days | 1,889 sqft |
| 2019-08-01 | 0 days | 1,852 sqft |
| 2019-09-01 | 0 days | 1,809 sqft |
| 2019-10-01 | 0 days | 1,777 sqft |
| 2019-11-01 | 0 days | 1,777 sqft |
| 2019-12-01 | 0 days | 1,683 sqft |
| 2020-01-01 | 0 days | 1,702 sqft |
| 2020-02-01 | 0 days | 1,683 sqft |
| 2020-03-01 | 0 days | 1,786 sqft |
| 2020-04-01 | 0 days | 1,810 sqft |
| 2020-05-01 | 0 days | 1,728 sqft |
| 2020-06-01 | 0 days | 1,796 sqft |
| 2020-07-01 | 0 days | 1,722 sqft |
| 2020-08-01 | 0 days | 1,683 sqft |
| 2020-09-01 | 0 days | 1,588 sqft |
| 2020-10-01 | 0 days | 1,592 sqft |
| 2020-11-01 | 0 days | 1,558 sqft |
| 2020-12-01 | 0 days | 1,540 sqft |
| 2021-01-01 | 0 days | 1,536 sqft |
| 2021-02-01 | 0 days | 1,545 sqft |
| 2021-03-01 | 0 days | 1,401 sqft |
| 2021-04-01 | 0 days | 1,388 sqft |
| 2021-05-01 | 0 days | 1,688 sqft |
| 2021-06-01 | 0 days | 1,301 sqft |
| 2021-07-01 | 0 days | 1,312 sqft |
| 2021-08-01 | 0 days | 1,563 sqft |
| 2021-09-01 | 0 days | 1,555 sqft |
| 2021-10-01 | 0 days | 1,651 sqft |
| 2021-11-01 | 0 days | 1,928 sqft |
| 2021-12-01 | 0 days | 1,766 sqft |
| 2022-01-01 | 0 days | 1,760 sqft |
| 2022-02-01 | 0 days | 1,872 sqft |
| 2022-03-01 | 0 days | 1,405 sqft |
| 2022-04-01 | 0 days | 1,656 sqft |
| 2022-05-01 | 0 days | 1,604 sqft |
| 2022-06-01 | 0 days | 1,858 sqft |
| 2022-07-01 | 0 days | 1,520 sqft |
| 2022-08-01 | 0 days | 1,541 sqft |
| 2022-09-01 | 0 days | 1,681 sqft |
| 2022-10-01 | 0 days | 1,728 sqft |
| 2022-11-01 | 0 days | 1,627 sqft |
| 2022-12-01 | 0 days | 1,770 sqft |
| 2023-01-01 | 0 days | 1,580 sqft |
| 2023-02-01 | 0 days | 1,623 sqft |
| 2023-03-01 | 0 days | 1,615 sqft |
| 2023-04-01 | 0 days | 1,728 sqft |
| 2023-05-01 | 0 days | 1,848 sqft |
| 2023-06-01 | 0 days | 1,729 sqft |
| 2023-07-01 | 0 days | 1,604 sqft |
| 2023-08-01 | 0 days | 1,662 sqft |
| 2023-09-01 | 0 days | 1,604 sqft |
| 2023-10-01 | 0 days | 1,672 sqft |
| 2023-11-01 | 0 days | 1,660 sqft |
| 2023-12-01 | 0 days | 1,852 sqft |
| 2024-01-01 | 0 days | 1,678 sqft |
| 2024-02-01 | 0 days | 1,665 sqft |
| 2024-03-01 | 0 days | 1,604 sqft |
Jacksonville's median square footage for active listings during the 2024-03-01 period was 1,604 sqft. One year prior, the average listing was 1,615 sqft.