Jacksonville USDA Loan Rates, Closing Costs & Stats

Jacksonville, TX

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 5 lenders originated 5 USDA loans during 2022. The total origination value was $1,055,000, with an average USDA loan value of $211,000.

Jacksonville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Jacksonville averaged 6.84% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

Jacksonville's average USDA mortgage closing costs are $5,391.

The average rate for the prior week (2023-09-15) was 6.5% and one month ago for the week of 2023-08-18, the average rate was 6.5%.

The average rate one year ago was 5.43%.

For refis of the same type during the week of 2023-09-22, the average rate was 5.84%.

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 1 5.88% $6,624
CARDINAL FINANCIAL 1 3.50% $6,063
Equity Prime Mortgage LLC 1 5.75% $4,407
HOME POINT FINANCIAL CORPORATION 1 4.75% $6,735
UNITED WHOLESALE MORTGAGE, LLC 1 4.88% $7,186

The top Jacksonville USDA lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $6,624, which is $561 higher than the next largest lender, CARDINAL FINANCIAL.

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 $212,500 (11.1%) $297,778 (12.5%) 0.00 174
2018-02-01 $209,475 (7.6%) $313,142 (19.5%) 0.00 179
2018-03-01 $225,900 (3.2%) $319,967 (9.3%) 0.00 181
2018-04-01 $226,225 (-2.7%) $323,721 (8.9%) 0.00 181
2018-05-01 $235,250 (-4.8%) $328,708 (8.3%) 0.00 178
2018-06-01 $240,500 (-7.0%) $330,162 (2.0%) 0.00 184
2018-07-01 $244,975 (0.0%) $316,511 (-0.2%) 0.00 202
2018-08-01 $241,875 (7.0%) $309,224 (2.5%) 0.00 200
2018-09-01 $239,000 (16.9%) $314,186 (9.4%) 0.00 196
2018-10-01 $235,500 (19.3%) $299,989 (5.8%) 0.00 182
2018-11-01 $235,000 (17.9%) $310,131 (10.1%) 0.00 189
2018-12-01 $234,750 (9.9%) $309,085 (6.4%) 0.00 182
2019-01-01 $232,000 (9.2%) $308,065 (3.5%) 0.00 176
2019-02-01 $229,500 (9.6%) $314,855 (0.6%) 0.00 169
2019-03-01 $236,143 (4.5%) $314,851 (-1.6%) 0.00 177
2019-04-01 $242,268 (7.1%) $308,952 (-4.6%) 0.00 195
2019-05-01 $249,700 (6.1%) $340,402 (3.6%) 0.00 206
2019-06-01 $249,900 (3.9%) $347,200 (5.2%) 0.00 196
2019-07-01 $241,459 (-1.4%) $347,679 (9.9%) 0.00 179
2019-08-01 $244,918 (1.3%) $349,517 (13.0%) 0.00 174
2019-09-01 $247,495 (3.6%) $343,255 (9.3%) 0.00 163
2019-10-01 $249,375 (5.9%) $341,096 (13.7%) 0.00 150
2019-11-01 $243,000 (3.4%) $332,574 (7.2%) 0.00 155
2019-12-01 $237,125 (1.0%) $325,252 (5.2%) 0.00 165
2020-01-01 $239,995 (3.5%) $323,215 (4.9%) 0.00 151
2020-02-01 $234,900 (2.4%) $320,855 (1.9%) 0.00 153
2020-03-01 $241,095 (2.1%) $344,873 (9.5%) 0.00 140
2020-04-01 $247,600 (2.2%) $341,651 (10.6%) 0.00 140
2020-05-01 $259,995 (4.1%) $355,191 (4.3%) 0.00 126
2020-06-01 $260,000 (4.0%) $364,017 (4.8%) 0.00 112
2020-07-01 $261,450 (8.3%) $369,008 (6.1%) 0.00 107
2020-08-01 $269,220 (9.9%) $368,163 (5.3%) 0.00 101
2020-09-01 $244,893 (-1.1%) $332,767 (-3.1%) 0.00 89
2020-10-01 $236,000 (-5.4%) $330,193 (-3.2%) 0.00 79
2020-11-01 $217,500 (-10.5%) $312,421 (-6.1%) 0.00 82
2020-12-01 $256,269 (8.1%) $355,639 (9.3%) 0.00 72
2021-01-01 $256,275 (6.8%) $357,046 (10.5%) 0.00 66
2021-02-01 $268,225 (14.2%) $376,763 (17.4%) 0.00 62
2021-03-01 $258,600 (7.3%) $371,357 (7.7%) 0.00 56
2021-04-01 $262,375 (6.0%) $345,274 (1.1%) 0.00 55
2021-05-01 $248,500 (-4.4%) $340,264 (-4.2%) 0.00 64
2021-06-01 $230,000 (-11.5%) $321,939 (-11.6%) 0.00 65
2021-07-01 $254,000 (-2.9%) $368,146 (-0.2%) 0.00 66
2021-08-01 $254,747 (-5.4%) $371,720 (1.0%) 0.00 86
2021-09-01 $267,500 (9.2%) $370,387 (11.3%) 0.00 94
2021-10-01 $225,000 (-4.7%) $375,065 (13.6%) 0.00 87
2021-11-01 $195,219 (-10.2%) $347,785 (11.3%) 0.00 87
2021-12-01 $188,994 (-26.3%) $361,286 (1.6%) 0.00 75
2022-01-01 $197,988 (-22.7%) $347,200 (-2.8%) 0.00 60
2022-02-01 $209,822 (-21.8%) $336,114 (-10.8%) 0.00 53
2022-03-01 $274,300 (6.1%) $402,328 (8.3%) 0.00 54
2022-04-01 $286,250 (9.1%) $429,392 (24.4%) 0.00 65
2022-05-01 $274,975 (10.7%) $434,300 (27.6%) 0.00 82
2022-06-01 $259,475 (12.8%) $393,955 (22.4%) 0.00 86
2022-07-01 $278,900 (9.8%) $392,447 (6.6%) 0.00 100
2022-08-01 $264,450 (3.8%) $404,421 (8.8%) 0.00 119
2022-09-01 $252,500 (-5.6%) $384,197 (3.7%) 0.00 116
2022-10-01 $269,900 (20.0%) $384,821 (2.6%) 0.00 134
2022-11-01 $255,000 (30.6%) $361,693 (4.0%) 0.00 138
2022-12-01 $255,000 (34.9%) $336,679 (-6.8%) 0.00 136
2023-01-01 $255,000 (28.8%) $332,666 (-4.2%) 0.00 118
2023-02-01 $255,000 (21.5%) $330,253 (-1.7%) 0.00 119
2023-03-01 $255,000 (-7.0%) $365,511 (-9.2%) 0.00 123
2023-04-01 $259,950 (-9.2%) $385,225 (-10.3%) 0.00 120
2023-05-01 $310,000 (12.7%) $384,715 (-11.4%) 0.00 120
2023-06-01 $271,000 (4.4%) $375,979 (-4.6%) 0.00 134
2023-07-01 $279,800 (0.3%) $401,591 (2.3%) 0.00 156
2023-08-01 $325,000 (22.9%) $402,451 (-0.5%) 0.00 182
Jacksonville's median listing price for 2023-08-01 was $325,000, a difference of $60,550 (22.9%) versus the prior year and $45,200 versus the prior month.

Jacksonville's median listing price comes in at 0% of the national average.

Jacksonville's average listing price for 2023-08-01 was $402,451, a difference of $-1,970 (-0.5%) versus the prior year and $860 versus the prior month.

For the 2023-08-01 period, Jacksonville had 182 MLS listings, a difference of 26 listings (17%) versus the prior month and 63 listings (53%) 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 2,050 sqft
2018-02-01 0 days 2,092 sqft
2018-03-01 0 days 2,211 sqft
2018-04-01 0 days 2,220 sqft
2018-05-01 0 days 2,180 sqft
2018-06-01 0 days 2,194 sqft
2018-07-01 0 days 2,149 sqft
2018-08-01 0 days 2,111 sqft
2018-09-01 0 days 2,094 sqft
2018-10-01 0 days 2,155 sqft
2018-11-01 0 days 2,165 sqft
2018-12-01 0 days 2,094 sqft
2019-01-01 0 days 2,006 sqft
2019-02-01 0 days 2,022 sqft
2019-03-01 0 days 1,994 sqft
2019-04-01 0 days 1,978 sqft
2019-05-01 0 days 2,160 sqft
2019-06-01 0 days 2,181 sqft
2019-07-01 0 days 2,248 sqft
2019-08-01 0 days 2,260 sqft
2019-09-01 0 days 2,263 sqft
2019-10-01 0 days 2,265 sqft
2019-11-01 0 days 2,120 sqft
2019-12-01 0 days 2,085 sqft
2020-01-01 0 days 2,108 sqft
2020-02-01 0 days 2,100 sqft
2020-03-01 0 days 2,148 sqft
2020-04-01 0 days 2,152 sqft
2020-05-01 0 days 2,233 sqft
2020-06-01 0 days 2,208 sqft
2020-07-01 0 days 2,235 sqft
2020-08-01 0 days 2,192 sqft
2020-09-01 0 days 2,032 sqft
2020-10-01 0 days 1,925 sqft
2020-11-01 0 days 1,939 sqft
2020-12-01 0 days 2,004 sqft
2021-01-01 0 days 2,012 sqft
2021-02-01 0 days 2,074 sqft
2021-03-01 0 days 2,094 sqft
2021-04-01 0 days 2,112 sqft
2021-05-01 0 days 2,064 sqft
2021-06-01 0 days 1,874 sqft
2021-07-01 0 days 2,000 sqft
2021-08-01 0 days 1,922 sqft
2021-09-01 0 days 1,907 sqft
2021-10-01 0 days 1,792 sqft
2021-11-01 0 days 1,755 sqft
2021-12-01 0 days 1,751 sqft
2022-01-01 0 days 1,720 sqft
2022-02-01 0 days 1,800 sqft
2022-03-01 0 days 2,038 sqft
2022-04-01 0 days 2,015 sqft
2022-05-01 0 days 2,008 sqft
2022-06-01 0 days 1,980 sqft
2022-07-01 0 days 1,948 sqft
2022-08-01 0 days 1,906 sqft
2022-09-01 0 days 1,861 sqft
2022-10-01 0 days 1,892 sqft
2022-11-01 0 days 1,703 sqft
2022-12-01 0 days 1,668 sqft
2023-01-01 0 days 1,684 sqft
2023-02-01 0 days 1,577 sqft
2023-03-01 0 days 1,628 sqft
2023-04-01 0 days 1,732 sqft
2023-05-01 0 days 1,779 sqft
2023-06-01 0 days 1,785 sqft
2023-07-01 0 days 1,881 sqft
2023-08-01 0 days 1,935 sqft
Jacksonville's median listing age (time on market) for 2023-08-01 was 0 days.

Jacksonville's median square footage for active listings during the 2023-08-01 period was 1,935 sqft. One year prior, the average listing was 1,906 sqft.