Jacksonville USDA Loan Rates, Closing Costs & Stats

JACKSONVILLE, NC

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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 13 lenders originated 30 USDA loans during 2023. The total origination value was $6,920,000, with an average USDA loan value of $230,667.

    Jacksonville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jacksonville averaged 6.75% 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 $5,027.

    The average rate for the prior week (2024-04-12) was 6.31% and one month ago for the week of 2024-03-15, the average rate was 6.39%.

    The average rate one year ago was 6.03%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.65%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 8 6.59% $8,305
    PLAZA HOME MORTGAGE, INC. 4 6.28% $5,652
    UNITED WHOLESALE MORTGAGE, LLC 3 6.38% $9,892
    NEWREZ LLC 3 6.63% $5,683
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.71% $7,859
    CMG MORTGAGE, INC. 2 5.94% $10,661
    Truist 1 5.50% $6,232
    North State Bank 1 6.50% $7,255
    Atlantic Coast Mortgage, LLC 1 6.88% $6,588
    SeaTrust Mortgage Company 1 6.00% $8,459
    CROSSCOUNTRY MORTGAGE, LLC 1 6.00% $11,546
    GUARANTEED RATE, INC. 1 5.75% $11,691
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $2,480

    The top Jacksonville USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 8 USDA loans originated. Their average total fees are $8,305, which is $2,654 higher than the next largest lender, PLAZA HOME MORTGAGE, 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 $187,750 (16.8%) $229,259 (18.6%) 0.70 1,284
    2018-02-01 $186,950 (12.1%) $223,099 (12.2%) 0.68 1,331
    2018-03-01 $188,500 (11.2%) $227,323 (12.1%) 0.66 1,398
    2018-04-01 $189,950 (11.5%) $232,836 (12.5%) 0.64 1,374
    2018-05-01 $194,598 (14.1%) $235,631 (14.5%) 0.65 1,390
    2018-06-01 $194,900 (11.7%) $237,359 (11.2%) 0.65 1,381
    2018-07-01 $192,000 (8.5%) $238,375 (8.0%) 0.64 1,408
    2018-08-01 $194,950 (8.3%) $239,325 (7.1%) 0.65 1,391
    2018-09-01 $194,500 (6.3%) $238,018 (5.7%) 0.65 1,371
    2018-10-01 $195,948 (6.4%) $241,153 (7.5%) 0.66 1,037
    2018-11-01 $199,700 (7.2%) $244,258 (8.0%) 0.68 948
    2018-12-01 $201,000 (7.5%) $246,339 (7.9%) 0.69 864
    2019-01-01 $207,450 (10.5%) $253,825 (10.7%) 0.72 779
    2019-02-01 $211,850 (13.3%) $262,038 (17.5%) 0.72 746
    2019-03-01 $213,718 (13.4%) $267,971 (17.9%) 0.70 730
    2019-04-01 $211,838 (11.5%) $261,383 (12.3%) 0.67 813
    2019-05-01 $211,425 (8.7%) $267,543 (13.5%) 0.66 1,011
    2019-06-01 $210,350 (7.9%) $260,916 (9.9%) 0.66 1,138
    2019-07-01 $211,000 (9.9%) $262,122 (10.0%) 0.66 1,216
    2019-08-01 $209,455 (7.4%) $258,966 (8.2%) 0.66 1,297
    2019-09-01 $208,636 (7.3%) $257,078 (8.0%) 0.67 1,334
    2019-10-01 $208,091 (6.2%) $255,819 (6.1%) 0.67 1,362
    2019-11-01 $206,000 (3.2%) $254,844 (4.3%) 0.68 1,375
    2019-12-01 $208,325 (3.6%) $258,173 (4.8%) 0.69 1,285
    2020-01-01 $209,900 (1.2%) $257,762 (1.6%) 0.70 1,208
    2020-02-01 $209,900 (-0.9%) $257,574 (-1.7%) 0.69 1,176
    2020-03-01 $213,700 (0.0%) $263,445 (-1.7%) 0.67 1,161
    2020-04-01 $215,400 (1.7%) $266,162 (1.8%) 0.67 1,114
    2020-05-01 $219,900 (4.0%) $276,307 (3.3%) 0.67 941
    2020-06-01 $221,450 (5.3%) $276,978 (6.2%) 0.65 815
    2020-07-01 $220,938 (4.7%) $277,207 (5.8%) 0.64 749
    2020-08-01 $221,250 (5.6%) $283,533 (9.5%) 0.63 649
    2020-09-01 $227,400 (9.0%) $285,287 (11.0%) 0.65 580
    2020-10-01 $226,225 (8.7%) $289,755 (13.3%) 0.65 557
    2020-11-01 $227,125 (10.3%) $296,774 (16.5%) 0.66 522
    2020-12-01 $226,375 (8.7%) $303,587 (17.6%) 0.67 429
    2021-01-01 $230,950 (10.0%) $315,055 (22.2%) 0.69 369
    2021-02-01 $222,925 (6.2%) $314,273 (22.0%) 0.65 302
    2021-03-01 $223,250 (4.5%) $309,944 (17.7%) 0.63 301
    2021-04-01 $223,450 (3.7%) $314,968 (18.3%) 0.60 286
    2021-05-01 $225,000 (2.3%) $318,496 (15.3%) 0.60 305
    2021-06-01 $229,450 (3.6%) $331,918 (19.8%) 0.60 325
    2021-07-01 $230,000 (4.1%) $338,728 (22.2%) 0.61 335
    2021-08-01 $229,975 (3.9%) $342,443 (20.8%) 0.61 342
    2021-09-01 $237,500 (4.4%) $340,823 (19.5%) 0.63 327
    2021-10-01 $231,000 (2.1%) $334,774 (15.5%) 0.62 350
    2021-11-01 $256,220 (12.8%) $353,599 (19.2%) 0.68 353
    2021-12-01 $264,225 (16.7%) $365,008 (20.2%) 0.72 349
    2022-01-01 $274,250 (18.8%) $384,040 (21.9%) 0.74 270
    2022-02-01 $266,500 (19.6%) $372,904 (18.7%) 0.69 227
    2022-03-01 $261,475 (17.1%) $365,787 (18.0%) 0.65 234
    2022-04-01 $277,500 (24.2%) $390,963 (24.1%) 0.66 260
    2022-05-01 $299,945 (33.3%) $406,391 (27.6%) 0.69 336
    2022-06-01 $302,450 (31.8%) $415,825 (25.3%) 0.67 380
    2022-07-01 $315,000 (37.0%) $426,071 (25.8%) 0.71 468
    2022-08-01 $329,700 (43.4%) $428,164 (25.0%) 0.76 501
    2022-09-01 $322,000 (35.6%) $413,648 (21.4%) 0.75 501
    2022-10-01 $325,000 (40.7%) $407,079 (21.6%) 0.76 553
    2022-11-01 $329,444 (28.6%) $408,192 (15.4%) 0.79 619
    2022-12-01 $329,900 (24.9%) $411,309 (12.7%) 0.81 602
    2023-01-01 $330,000 (20.3%) $407,682 (6.2%) 0.82 588
    2023-02-01 $330,450 (24.0%) $399,586 (7.2%) 0.80 557
    2023-03-01 $335,900 (28.5%) $413,235 (13.0%) 0.79 512
    2023-04-01 $344,900 (24.3%) $417,804 (6.9%) 0.80 495
    2023-05-01 $349,225 (16.4%) $432,551 (6.4%) 0.79 550
    2023-06-01 $347,450 (14.9%) $437,925 (5.3%) 0.78 550
    2023-07-01 $340,000 (7.9%) $423,838 (-0.5%) 0.77 575
    2023-08-01 $335,925 (1.9%) $419,209 (-2.1%) 0.77 591
    2023-09-01 $329,000 (2.2%) $415,073 (0.3%) 0.77 672
    2023-10-01 $324,975 (0.0%) $395,942 (-2.7%) 0.76 736
    2023-11-01 $325,000 (-1.4%) $397,533 (-2.6%) 0.77 812
    2023-12-01 $325,000 (-1.5%) $403,993 (-1.8%) 0.79 836
    2024-01-01 $324,450 (-1.7%) $400,477 (-1.8%) 0.79 781
    2024-02-01 $329,793 (-0.2%) $409,724 (2.5%) 0.79 767
    2024-03-01 $330,000 (-1.8%) $413,280 (0.0%) 0.78 763
    Jacksonville's median listing price for 2024-03-01 was $330,000, a difference of $-5,900 (-1.8%) versus the prior year and $207 versus the prior month.

    Jacksonville's median listing price comes in at 78% of the national average.

    Jacksonville's average listing price for 2024-03-01 was $413,280, a difference of $45 (0.0%) versus the prior year and $3,556 versus the prior month.

    For the 2024-03-01 period, Jacksonville had 763 MLS listings, a difference of -4 listings (-1%) versus the prior month and 251 listings (49%) 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 97 days 1,754 sqft
    2018-02-01 86 days 1,748 sqft
    2018-03-01 63 days 1,753 sqft
    2018-04-01 63 days 1,756 sqft
    2018-05-01 62 days 1,760 sqft
    2018-06-01 65 days 1,760 sqft
    2018-07-01 66 days 1,764 sqft
    2018-08-01 68 days 1,786 sqft
    2018-09-01 81 days 1,779 sqft
    2018-10-01 101 days 1,781 sqft
    2018-11-01 102 days 1,784 sqft
    2018-12-01 108 days 1,782 sqft
    2019-01-01 90 days 1,814 sqft
    2019-02-01 74 days 1,862 sqft
    2019-03-01 52 days 1,883 sqft
    2019-04-01 37 days 1,871 sqft
    2019-05-01 37 days 1,844 sqft
    2019-06-01 50 days 1,821 sqft
    2019-07-01 55 days 1,811 sqft
    2019-08-01 59 days 1,792 sqft
    2019-09-01 66 days 1,777 sqft
    2019-10-01 74 days 1,761 sqft
    2019-11-01 73 days 1,760 sqft
    2019-12-01 83 days 1,770 sqft
    2020-01-01 94 days 1,760 sqft
    2020-02-01 89 days 1,731 sqft
    2020-03-01 68 days 1,710 sqft
    2020-04-01 70 days 1,736 sqft
    2020-05-01 75 days 1,777 sqft
    2020-06-01 69 days 1,800 sqft
    2020-07-01 57 days 1,804 sqft
    2020-08-01 57 days 1,794 sqft
    2020-09-01 64 days 1,790 sqft
    2020-10-01 59 days 1,800 sqft
    2020-11-01 68 days 1,789 sqft
    2020-12-01 68 days 1,763 sqft
    2021-01-01 60 days 1,813 sqft
    2021-02-01 49 days 1,723 sqft
    2021-03-01 40 days 1,690 sqft
    2021-04-01 40 days 1,712 sqft
    2021-05-01 38 days 1,674 sqft
    2021-06-01 41 days 1,670 sqft
    2021-07-01 40 days 1,647 sqft
    2021-08-01 41 days 1,622 sqft
    2021-09-01 40 days 1,653 sqft
    2021-10-01 39 days 1,600 sqft
    2021-11-01 38 days 1,710 sqft
    2021-12-01 53 days 1,729 sqft
    2022-01-01 61 days 1,728 sqft
    2022-02-01 42 days 1,679 sqft
    2022-03-01 34 days 1,591 sqft
    2022-04-01 34 days 1,657 sqft
    2022-05-01 32 days 1,736 sqft
    2022-06-01 36 days 1,731 sqft
    2022-07-01 38 days 1,860 sqft
    2022-08-01 43 days 1,865 sqft
    2022-09-01 49 days 1,827 sqft
    2022-10-01 49 days 1,865 sqft
    2022-11-01 48 days 1,895 sqft
    2022-12-01 59 days 1,904 sqft
    2023-01-01 71 days 1,910 sqft
    2023-02-01 51 days 1,901 sqft
    2023-03-01 45 days 1,900 sqft
    2023-04-01 45 days 1,941 sqft
    2023-05-01 38 days 1,964 sqft
    2023-06-01 42 days 1,925 sqft
    2023-07-01 44 days 1,884 sqft
    2023-08-01 44 days 1,834 sqft
    2023-09-01 47 days 1,825 sqft
    2023-10-01 47 days 1,800 sqft
    2023-11-01 49 days 1,788 sqft
    2023-12-01 62 days 1,800 sqft
    2024-01-01 73 days 1,801 sqft
    2024-02-01 66 days 1,795 sqft
    2024-03-01 52 days 1,800 sqft
    Jacksonville's median listing age (time on market) for 2024-03-01 was 52 days. This is 16% longer than the same period one year ago.

    Jacksonville's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,900 sqft.