Jacksonville USDA Loan Rates, Closing Costs & Stats

JACKSONVILLE, NC

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 40 lenders originated 254 USDA loans during 2021. The total origination value was $43,730,000, with an average USDA loan value of $172,165.

Jacksonville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Jacksonville averaged 6.04% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Jacksonville's average USDA mortgage closing costs are $4,602.

The average rate for the prior week (2023-01-20) was 6.23% and one month ago for the week of 2022-12-23, the average rate was 6.46%.

The average rate one year ago was 3.71%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.63%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Alpha Mortgage Corporation 69 3.17% $5,201
MOVEMENT MORTGAGE, LLC 26 3.05% $4,789
CALIBER HOME LOANS, INC. 22 2.85% $4,122
GUARANTEED RATE, INC. 16 2.95% $5,112
RESIDENTIAL MORTGAGE SERVICES, INC. 14 2.87% $4,081
SeaTrust Mortgage Company 12 3.00% $5,710
UNION HOME MORTGAGE CORP. 12 2.76% $5,567
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 9 3.35% $6,186
HOME POINT FINANCIAL CORPORATION 8 2.75% $4,651
PLAZA HOME MORTGAGE, INC. 6 2.81% $4,056
PENNYMAC LOAN SERVICES, LLC 5 2.87% $5,782
Gateway First Bank 5 3.10% $2,706
American Security Mortgage Corp. 5 2.60% $3,732
FREEDOM MORTGAGE CORPORATION 5 2.95% $3,831
ANGEL OAK HOME LOANS LLC 4 2.66% $4,613
Wells Fargo Bank 3 3.38% $4,526
Bank of England 3 3.08% $8,471
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.24% $5,846
INTERCOASTAL MORTGAGE COMPANY 3 3.25% $5,271
Mortgage Research Center, LLC 2 3.06% $2,223
RESOURCE FINANCIAL SERVICES, INC. 2 2.44% $4,893
CROSSCOUNTRY MORTGAGE, LLC 2 3.50% $6,262
DHI MORTGAGE COMPANY, LTD. 1 2.50% $4,519
ON Q FINANCIAL, INC. 1 3.50% $5,419
PLANET HOME LENDING, LLC 1 3.25% $4,163
CORNERSTONE HOME LENDING, INC. 1 2.75% $4,768
CMG MORTGAGE, INC. 1 2.25% $8,166
Carrington Mortgage Services, LLC 1 3.13% $4,350
SIGNATURE MORTGAGE CORPORATION 1 3.25% $5,489
SOUTHWEST FUNDING, LP 1 4.25% $8,173
Towne Bank 1 2.88% $4,854
TOWNE MORTGAGE COMPANY 1 2.88% $5,179
Truist 1 2.63% $5,256
Austin Capital Bank SSB 1 2.25% $6,459
U.S. Bank 1 3.25% $5,274
VILLAGE CAPITAL MORTGAGE 1 2.25% $4,090
First-Citizens Bank & Trust Company 1 2.88% $5,181
GUILD MORTGAGE COMPANY 1 3.00% $2,035
AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $6,594
LOANDEPOT.COM, LLC 1 2.88% $4,523

The top Jacksonville USDA lender as defined by loan originations is Alpha Mortgage Corporation, with 69 USDA loans originated. Their average total fees are $5,201, which is $412 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Jacksonville USDA lenders (with over 10 loans originated) are RESIDENTIAL MORTGAGE SERVICES, INC. ($4,081), CALIBER HOME LOANS, INC. ($4,122), MOVEMENT MORTGAGE, LLC ($4,789), GUARANTEED RATE, INC. ($5,112) and Alpha Mortgage Corporation ($5,201).

The lowest rate Jacksonville USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. (2.76%), CALIBER HOME LOANS, INC. (2.85%), RESIDENTIAL MORTGAGE SERVICES, INC. (2.87%), GUARANTEED RATE, INC. (2.95%) and SeaTrust Mortgage Company (3.00%).


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 $186,725 (16.4%) $225,858 (17.3%) 0.69 1,272
2018-02-01 $186,260 (12.5%) $219,711 (11.3%) 0.68 1,321
2018-03-01 $187,500 (10.9%) $223,975 (11.2%) 0.66 1,387
2018-04-01 $189,450 (11.5%) $229,508 (11.5%) 0.64 1,363
2018-05-01 $193,660 (13.9%) $232,483 (13.3%) 0.65 1,380
2018-06-01 $193,450 (12.0%) $234,234 (11.5%) 0.65 1,371
2018-07-01 $191,500 (9.4%) $235,090 (8.1%) 0.64 1,397
2018-08-01 $194,700 (8.2%) $235,735 (7.0%) 0.65 1,385
2018-09-01 $194,490 (7.9%) $234,347 (5.5%) 0.65 1,362
2018-10-01 $195,425 (7.4%) $236,716 (7.2%) 0.66 1,029
2018-11-01 $199,000 (7.6%) $238,829 (7.7%) 0.67 939
2018-12-01 $199,900 (7.5%) $241,225 (7.2%) 0.69 856
2019-01-01 $206,575 (10.6%) $248,338 (10.0%) 0.71 772
2019-02-01 $211,475 (13.5%) $257,152 (17.0%) 0.71 738
2019-03-01 $212,786 (13.5%) $264,104 (17.9%) 0.70 724
2019-04-01 $211,250 (11.5%) $258,485 (12.6%) 0.67 809
2019-05-01 $211,200 (9.1%) $266,062 (14.4%) 0.66 1,013
2019-06-01 $210,000 (8.6%) $258,393 (10.3%) 0.66 1,139
2019-07-01 $209,950 (9.6%) $259,895 (10.6%) 0.66 1,218
2019-08-01 $209,355 (7.5%) $257,125 (9.1%) 0.66 1,298
2019-09-01 $208,536 (7.2%) $255,395 (9.0%) 0.67 1,334
2019-10-01 $207,950 (6.4%) $254,242 (7.4%) 0.67 1,365
2019-11-01 $206,000 (3.5%) $253,274 (6.1%) 0.68 1,379
2019-12-01 $207,950 (4.0%) $256,707 (6.4%) 0.69 1,288
2020-01-01 $209,900 (1.6%) $255,821 (3.0%) 0.70 1,211
2020-02-01 $209,900 (-0.7%) $255,769 (-0.5%) 0.69 1,174
2020-03-01 $213,500 (0.3%) $261,644 (-0.9%) 0.67 1,158
2020-04-01 $215,200 (1.9%) $264,134 (2.2%) 0.67 1,112
2020-05-01 $219,000 (3.7%) $274,459 (3.2%) 0.67 941
2020-06-01 $220,950 (5.2%) $274,990 (6.4%) 0.65 814
2020-07-01 $220,500 (5.0%) $275,143 (5.9%) 0.64 747
2020-08-01 $220,000 (5.1%) $281,123 (9.3%) 0.63 653
2020-09-01 $226,125 (8.4%) $282,082 (10.5%) 0.65 584
2020-10-01 $224,950 (8.2%) $286,411 (12.7%) 0.64 562
2020-11-01 $226,338 (9.9%) $295,017 (16.5%) 0.66 527
2020-12-01 $224,800 (8.1%) $301,562 (17.5%) 0.67 434
2021-01-01 $230,175 (9.7%) $311,848 (21.9%) 0.69 374
2021-02-01 $222,200 (5.9%) $310,957 (21.6%) 0.65 309
2021-03-01 $221,500 (3.8%) $307,100 (17.4%) 0.63 308
2021-04-01 $222,000 (3.2%) $312,359 (18.3%) 0.60 294
2021-05-01 $225,000 (2.7%) $316,688 (15.4%) 0.60 313
2021-06-01 $227,500 (3.0%) $330,266 (20.1%) 0.60 332
2021-07-01 $229,900 (4.3%) $336,836 (22.4%) 0.61 339
2021-08-01 $229,250 (4.2%) $339,159 (20.6%) 0.61 348
2021-09-01 $236,450 (4.6%) $336,813 (19.4%) 0.63 332
2021-10-01 $230,000 (2.2%) $331,400 (15.7%) 0.61 352
2021-11-01 $252,475 (11.6%) $349,202 (18.4%) 0.67 354
2021-12-01 $256,225 (14.0%) $356,366 (18.2%) 0.69 348
2022-01-01 $270,000 (17.3%) $370,229 (18.7%) 0.73 272
2022-02-01 $263,950 (18.8%) $366,381 (17.8%) 0.69 233
2022-03-01 $259,200 (17.0%) $359,664 (17.1%) 0.65 241
2022-04-01 $272,500 (22.8%) $385,058 (23.3%) 0.65 264
2022-05-01 $298,175 (32.5%) $405,250 (28.0%) 0.68 339
2022-06-01 $298,950 (31.4%) $413,703 (25.3%) 0.67 383
2022-07-01 $314,900 (37.0%) $422,632 (25.5%) 0.71 473
2022-08-01 $329,925 (43.9%) $426,354 (25.7%) 0.76 506
2022-09-01 $321,500 (36.0%) $411,470 (22.2%) 0.75 505
2022-10-01 $325,000 (41.3%) $405,757 (22.4%) 0.76 561
2022-11-01 $328,675 (30.2%) $406,438 (16.4%) 0.79 627
2022-12-01 $325,000 (26.8%) $398,693 (11.9%) 0.81 635
Jacksonville's median listing price for 2022-12-01 was $325,000, a difference of $68,775 (26.8%) versus the prior year and $-3,675 versus the prior month.

Jacksonville's median listing price comes in at 81% of the national average.

Jacksonville's average listing price for 2022-12-01 was $398,693, a difference of $42,327 (11.9%) versus the prior year and $-7,745 versus the prior month.

For the 2022-12-01 period, Jacksonville had 635 MLS listings, a difference of 8 listings (1%) versus the prior month and 287 listings (82%) 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
2018-01-01 106 days 1,751 sqft
2018-02-01 94 days 1,743 sqft
2018-03-01 67 days 1,748 sqft
2018-04-01 68 days 1,754 sqft
2018-05-01 66 days 1,758 sqft
2018-06-01 71 days 1,757 sqft
2018-07-01 73 days 1,758 sqft
2018-08-01 74 days 1,781 sqft
2018-09-01 86 days 1,774 sqft
2018-10-01 109 days 1,776 sqft
2018-11-01 113 days 1,779 sqft
2018-12-01 116 days 1,778 sqft
2019-01-01 112 days 1,810 sqft
2019-02-01 84 days 1,854 sqft
2019-03-01 55 days 1,878 sqft
2019-04-01 39 days 1,869 sqft
2019-05-01 39 days 1,844 sqft
2019-06-01 51 days 1,818 sqft
2019-07-01 58 days 1,808 sqft
2019-08-01 61 days 1,792 sqft
2019-09-01 68 days 1,776 sqft
2019-10-01 76 days 1,760 sqft
2019-11-01 78 days 1,756 sqft
2019-12-01 88 days 1,768 sqft
2020-01-01 96 days 1,760 sqft
2020-02-01 92 days 1,726 sqft
2020-03-01 75 days 1,707 sqft
2020-04-01 74 days 1,733 sqft
2020-05-01 80 days 1,770 sqft
2020-06-01 76 days 1,798 sqft
2020-07-01 59 days 1,802 sqft
2020-08-01 61 days 1,792 sqft
2020-09-01 74 days 1,786 sqft
2020-10-01 63 days 1,800 sqft
2020-11-01 76 days 1,790 sqft
2020-12-01 72 days 1,764 sqft
2021-01-01 64 days 1,810 sqft
2021-02-01 52 days 1,726 sqft
2021-03-01 43 days 1,700 sqft
2021-04-01 42 days 1,712 sqft
2021-05-01 39 days 1,683 sqft
2021-06-01 42 days 1,682 sqft
2021-07-01 42 days 1,653 sqft
2021-08-01 43 days 1,626 sqft
2021-09-01 42 days 1,666 sqft
2021-10-01 40 days 1,607 sqft
2021-11-01 39 days 1,714 sqft
2021-12-01 56 days 1,721 sqft
2022-01-01 61 days 1,714 sqft
2022-02-01 48 days 1,688 sqft
2022-03-01 34 days 1,604 sqft
2022-04-01 35 days 1,664 sqft
2022-05-01 32 days 1,741 sqft
2022-06-01 37 days 1,736 sqft
2022-07-01 38 days 1,868 sqft
2022-08-01 44 days 1,869 sqft
2022-09-01 50 days 1,829 sqft
2022-10-01 50 days 1,868 sqft
2022-11-01 49 days 1,896 sqft
2022-12-01 64 days 1,888 sqft
Jacksonville's median listing age (time on market) for 2022-12-01 was 64 days. This is 15% longer than the same period one year ago.

Jacksonville's median square footage for active listings during the 2022-12-01 period was 1,888 sqft. One year prior, the average listing was 1,721 sqft.