Jacksonville VA Loan Rates, Closing Costs & Stats
JACKSONVILLE, FL
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Jacksonville's 305 lenders originated 15,774 VA loans during 2021. The total origination value was $4,684,150,000, with an average VA loan value of $296,954.
Jacksonville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Jacksonville
averaged
6.43%
for the week of 2022-12-02, compared to the national average (all VA variants) of
6.292% for the same period.
Jacksonville's average VA mortgage closing costs are $6,205.
The average rate for the prior week (2022-11-25) was
6.57% and
one month ago for the week of 2022-10-28, the
average rate was 6.96%.
The average rate one year ago was 3.34%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.48%.
Jacksonville VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Jacksonville level.
The top Jacksonville VA lender as defined by loan originations is QUICKEN LOANS, LLC, with
1,142 VA loans originated. Their average total fees are
$5,189, which is $1,211
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Jacksonville VA lenders (with over 10 loans originated) are
AmeriHome Mortgage Company, LLC ($2,164), Lakeview Community Capital, LLC ($2,354), LAKEVIEW LOAN SERVICING, LLC ($2,820), PLANET HOME LENDING, LLC ($2,955) and BNC National Bank ($2,963).
The lowest rate Jacksonville VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.20%), CLEARPATH LENDING (2.31%), BNC National Bank (2.32%), Low VA Rates, LLC (2.33%) and VILLAGE CAPITAL MORTGAGE (2.34%).
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 | $311,693 (9.4%) | $425,484 (6.3%) | 1.16 | 6,550 |
| 2018-02-01 | $318,945 (11.1%) | $432,082 (8.2%) | 1.16 | 6,712 |
| 2018-03-01 | $324,900 (9.0%) | $443,160 (7.9%) | 1.14 | 6,992 |
| 2018-04-01 | $324,450 (7.6%) | $443,603 (5.9%) | 1.10 | 7,118 |
| 2018-05-01 | $319,950 (1.6%) | $444,295 (2.3%) | 1.07 | 7,352 |
| 2018-06-01 | $319,900 (3.4%) | $437,229 (1.8%) | 1.07 | 7,620 |
| 2018-07-01 | $309,000 (0.0%) | $423,006 (-1.1%) | 1.03 | 8,145 |
| 2018-08-01 | $302,364 (-2.2%) | $419,444 (-1.8%) | 1.01 | 8,170 |
| 2018-09-01 | $299,000 (-1.6%) | $411,138 (-2.9%) | 1.00 | 8,166 |
| 2018-10-01 | $294,995 (-4.6%) | $406,954 (-3.3%) | 1.00 | 8,337 |
| 2018-11-01 | $291,495 (-6.0%) | $403,815 (-4.7%) | 0.99 | 8,430 |
| 2018-12-01 | $295,900 (-3.0%) | $403,968 (-3.6%) | 1.02 | 8,115 |
| 2019-01-01 | $297,127 (-4.7%) | $408,528 (-4.0%) | 1.03 | 7,814 |
| 2019-02-01 | $299,900 (-6.0%) | $415,326 (-3.9%) | 1.01 | 7,885 |
| 2019-03-01 | $305,081 (-6.1%) | $428,880 (-3.2%) | 1.00 | 7,868 |
| 2019-04-01 | $312,488 (-3.7%) | $443,597 (0.0%) | 0.99 | 7,901 |
| 2019-05-01 | $314,950 (-1.6%) | $445,442 (0.3%) | 0.98 | 7,925 |
| 2019-06-01 | $310,995 (-2.8%) | $444,217 (1.6%) | 0.97 | 7,969 |
| 2019-07-01 | $307,995 (-0.3%) | $438,938 (3.8%) | 0.96 | 7,906 |
| 2019-08-01 | $303,626 (0.4%) | $436,262 (4.0%) | 0.96 | 7,887 |
| 2019-09-01 | $301,530 (0.9%) | $435,983 (6.0%) | 0.96 | 7,794 |
| 2019-10-01 | $299,913 (1.7%) | $435,182 (6.9%) | 0.97 | 7,740 |
| 2019-11-01 | $299,999 (2.9%) | $437,321 (8.3%) | 0.98 | 7,615 |
| 2019-12-01 | $299,945 (1.4%) | $437,532 (8.3%) | 1.00 | 7,265 |
| 2020-01-01 | $299,950 (1.0%) | $437,873 (7.2%) | 1.00 | 6,881 |
| 2020-02-01 | $310,000 (3.4%) | $444,666 (7.1%) | 1.01 | 6,805 |
| 2020-03-01 | $311,343 (2.1%) | $441,787 (3.0%) | 0.98 | 6,867 |
| 2020-04-01 | $299,950 (-4.0%) | $428,323 (-3.4%) | 0.94 | 7,405 |
| 2020-05-01 | $305,900 (-2.9%) | $434,121 (-2.5%) | 0.93 | 7,061 |
| 2020-06-01 | $307,495 (-1.1%) | $435,027 (-2.1%) | 0.91 | 6,246 |
| 2020-07-01 | $312,450 (1.5%) | $442,425 (0.8%) | 0.91 | 5,652 |
| 2020-08-01 | $315,000 (3.8%) | $450,878 (3.4%) | 0.90 | 5,046 |
| 2020-09-01 | $315,000 (4.5%) | $458,365 (5.1%) | 0.90 | 4,461 |
| 2020-10-01 | $308,500 (2.9%) | $456,654 (4.9%) | 0.88 | 4,276 |
| 2020-11-01 | $302,423 (0.8%) | $461,459 (5.5%) | 0.88 | 4,099 |
| 2020-12-01 | $300,000 (0.0%) | $464,445 (6.2%) | 0.89 | 3,720 |
| 2021-01-01 | $306,835 (2.3%) | $472,007 (7.8%) | 0.92 | 3,061 |
| 2021-02-01 | $314,270 (1.4%) | $494,540 (11.2%) | 0.91 | 2,470 |
| 2021-03-01 | $318,122 (2.2%) | $502,249 (13.7%) | 0.90 | 2,179 |
| 2021-04-01 | $329,450 (9.8%) | $523,682 (22.3%) | 0.89 | 2,164 |
| 2021-05-01 | $335,100 (9.6%) | $519,694 (19.7%) | 0.89 | 2,233 |
| 2021-06-01 | $344,495 (12.0%) | $518,890 (19.3%) | 0.91 | 2,460 |
| 2021-07-01 | $349,057 (11.7%) | $526,220 (18.9%) | 0.92 | 2,771 |
| 2021-08-01 | $350,000 (11.1%) | $525,907 (16.6%) | 0.93 | 2,908 |
| 2021-09-01 | $359,900 (14.3%) | $526,964 (15.0%) | 0.96 | 3,034 |
| 2021-10-01 | $355,000 (15.1%) | $511,063 (11.9%) | 0.95 | 3,099 |
| 2021-11-01 | $360,143 (19.1%) | $521,465 (13.0%) | 0.96 | 2,800 |
| 2021-12-01 | $367,450 (22.5%) | $545,330 (17.4%) | 1.00 | 2,414 |
| 2022-01-01 | $372,995 (21.6%) | $563,125 (19.3%) | 1.01 | 2,167 |
| 2022-02-01 | $379,950 (20.9%) | $580,808 (17.4%) | 0.99 | 1,880 |
| 2022-03-01 | $397,450 (24.9%) | $602,914 (20.0%) | 1.00 | 1,753 |
| 2022-04-01 | $409,999 (24.5%) | $601,406 (14.8%) | 0.98 | 2,024 |
| 2022-05-01 | $430,473 (28.5%) | $614,476 (18.2%) | 0.98 | 2,676 |
| 2022-06-01 | $442,475 (28.4%) | $615,352 (18.6%) | 0.99 | 3,405 |
| 2022-07-01 | $429,900 (23.2%) | $598,488 (13.7%) | 0.97 | 4,402 |
| 2022-08-01 | $420,448 (20.1%) | $590,395 (12.3%) | 0.97 | 5,170 |
| 2022-09-01 | $407,500 (13.2%) | $569,312 (8.0%) | 0.95 | 5,595 |
| 2022-10-01 | $400,000 (12.7%) | $564,276 (10.4%) | 0.94 | 5,869 |
| 2022-11-01 | $397,500 (10.4%) | $550,428 (5.6%) | 0.96 | 6,068 |
Jacksonville's median listing price comes in at 96% of the national average.
Jacksonville's average listing price for 2022-11-01 was $550,428, a difference of $28,963 (5.6%) versus the prior year and $-13,848 versus the prior month.
For the 2022-11-01 period, Jacksonville had 6,068 MLS listings, a difference of 199 listings (3%) versus the prior month and 3,268 listings (117%) 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 | 2,075 sqft |
| 2018-02-01 | 75 days | 2,077 sqft |
| 2018-03-01 | 57 days | 2,115 sqft |
| 2018-04-01 | 58 days | 2,113 sqft |
| 2018-05-01 | 59 days | 2,098 sqft |
| 2018-06-01 | 60 days | 2,103 sqft |
| 2018-07-01 | 62 days | 2,056 sqft |
| 2018-08-01 | 64 days | 2,037 sqft |
| 2018-09-01 | 67 days | 2,013 sqft |
| 2018-10-01 | 68 days | 1,999 sqft |
| 2018-11-01 | 72 days | 1,986 sqft |
| 2018-12-01 | 77 days | 1,988 sqft |
| 2019-01-01 | 84 days | 1,978 sqft |
| 2019-02-01 | 80 days | 1,972 sqft |
| 2019-03-01 | 68 days | 2,012 sqft |
| 2019-04-01 | 60 days | 2,043 sqft |
| 2019-05-01 | 63 days | 2,055 sqft |
| 2019-06-01 | 64 days | 2,048 sqft |
| 2019-07-01 | 67 days | 2,041 sqft |
| 2019-08-01 | 69 days | 2,019 sqft |
| 2019-09-01 | 71 days | 2,002 sqft |
| 2019-10-01 | 72 days | 1,988 sqft |
| 2019-11-01 | 71 days | 1,986 sqft |
| 2019-12-01 | 74 days | 1,979 sqft |
| 2020-01-01 | 82 days | 1,975 sqft |
| 2020-02-01 | 75 days | 1,981 sqft |
| 2020-03-01 | 61 days | 1,960 sqft |
| 2020-04-01 | 64 days | 1,914 sqft |
| 2020-05-01 | 71 days | 1,933 sqft |
| 2020-06-01 | 78 days | 1,931 sqft |
| 2020-07-01 | 77 days | 1,936 sqft |
| 2020-08-01 | 75 days | 1,922 sqft |
| 2020-09-01 | 70 days | 1,894 sqft |
| 2020-10-01 | 63 days | 1,862 sqft |
| 2020-11-01 | 62 days | 1,851 sqft |
| 2020-12-01 | 64 days | 1,830 sqft |
| 2021-01-01 | 65 days | 1,819 sqft |
| 2021-02-01 | 60 days | 1,802 sqft |
| 2021-03-01 | 48 days | 1,808 sqft |
| 2021-04-01 | 40 days | 1,806 sqft |
| 2021-05-01 | 41 days | 1,811 sqft |
| 2021-06-01 | 36 days | 1,800 sqft |
| 2021-07-01 | 37 days | 1,800 sqft |
| 2021-08-01 | 37 days | 1,797 sqft |
| 2021-09-01 | 38 days | 1,784 sqft |
| 2021-10-01 | 39 days | 1,798 sqft |
| 2021-11-01 | 44 days | 1,792 sqft |
| 2021-12-01 | 51 days | 1,796 sqft |
| 2022-01-01 | 50 days | 1,798 sqft |
| 2022-02-01 | 38 days | 1,799 sqft |
| 2022-03-01 | 36 days | 1,853 sqft |
| 2022-04-01 | 29 days | 1,831 sqft |
| 2022-05-01 | 29 days | 1,857 sqft |
| 2022-06-01 | 30 days | 1,856 sqft |
| 2022-07-01 | 34 days | 1,850 sqft |
| 2022-08-01 | 41 days | 1,846 sqft |
| 2022-09-01 | 47 days | 1,831 sqft |
| 2022-10-01 | 54 days | 1,823 sqft |
| 2022-11-01 | 60 days | 1,814 sqft |
Jacksonville's median square footage for active listings during the 2022-11-01 period was 1,814 sqft. One year prior, the average listing was 1,792 sqft.
