Jacksonville VA Loans
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 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
5.4%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.73% and
one month ago for the week of 2022-04-08, the
average rate was 4.85%.
The average rate one year ago was 2.87%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.34%.
Jacksonville VA Loan Lenders by Rates & Fees
The below table looks at the average fees 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 & INVESTMENT LLC (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 | $313,490 (8.1%) | $424,319 (5.3%) | 1.15 | 7,612 |
| 2018-02-01 | $319,950 (9.9%) | $430,274 (6.8%) | 1.15 | 7,788 |
| 2018-03-01 | $325,000 (8.4%) | $442,349 (6.8%) | 1.12 | 8,015 |
| 2018-04-01 | $325,000 (5.2%) | $443,808 (5.2%) | 1.09 | 8,202 |
| 2018-05-01 | $322,990 (1.5%) | $442,536 (1.3%) | 1.08 | 8,479 |
| 2018-06-01 | $323,990 (2.9%) | $438,235 (1.1%) | 1.08 | 8,787 |
| 2018-07-01 | $315,000 (1.0%) | $425,459 (-1.2%) | 1.05 | 9,308 |
| 2018-08-01 | $312,693 (0.1%) | $423,689 (-0.9%) | 1.04 | 9,265 |
| 2018-09-01 | $307,990 (-0.3%) | $416,160 (-1.7%) | 1.03 | 9,274 |
| 2018-10-01 | $299,950 (-4.1%) | $412,502 (-2.2%) | 1.00 | 9,529 |
| 2018-11-01 | $299,700 (-4.1%) | $410,051 (-3.2%) | 1.00 | 9,588 |
| 2018-12-01 | $300,000 (-3.2%) | $409,877 (-2.1%) | 1.03 | 9,276 |
| 2019-01-01 | $301,350 (-3.9%) | $414,979 (-2.2%) | 1.04 | 8,899 |
| 2019-02-01 | $308,334 (-3.6%) | $420,433 (-2.3%) | 1.03 | 9,071 |
| 2019-03-01 | $313,714 (-3.5%) | $433,819 (-1.9%) | 1.02 | 9,032 |
| 2019-04-01 | $321,250 (-1.2%) | $449,186 (1.2%) | 1.01 | 9,131 |
| 2019-05-01 | $323,900 (0.3%) | $453,992 (2.6%) | 1.00 | 9,191 |
| 2019-06-01 | $319,990 (-1.2%) | $453,550 (3.5%) | 0.98 | 9,220 |
| 2019-07-01 | $315,450 (0.1%) | $447,256 (5.1%) | 0.98 | 9,084 |
| 2019-08-01 | $312,800 (0.0%) | $445,518 (5.2%) | 0.98 | 8,948 |
| 2019-09-01 | $309,950 (0.6%) | $444,969 (6.9%) | 0.98 | 8,738 |
| 2019-10-01 | $314,445 (4.8%) | $450,052 (9.1%) | 1.00 | 8,957 |
| 2019-11-01 | $313,990 (4.8%) | $449,174 (9.5%) | 1.01 | 8,869 |
| 2019-12-01 | $309,995 (3.3%) | $446,017 (8.8%) | 1.03 | 8,479 |
| 2020-01-01 | $311,995 (3.5%) | $446,213 (7.5%) | 1.04 | 7,991 |
| 2020-02-01 | $319,900 (3.8%) | $452,897 (7.7%) | 1.03 | 7,881 |
| 2020-03-01 | $324,850 (3.6%) | $455,956 (5.1%) | 1.02 | 7,932 |
| 2020-04-01 | $315,293 (-1.9%) | $443,949 (-1.2%) | 0.98 | 8,527 |
| 2020-05-01 | $321,990 (-0.6%) | $448,446 (-1.2%) | 0.98 | 8,139 |
| 2020-06-01 | $321,025 (0.3%) | $451,846 (-0.4%) | 0.94 | 7,224 |
| 2020-07-01 | $323,400 (2.5%) | $461,022 (3.1%) | 0.93 | 6,488 |
| 2020-08-01 | $327,000 (4.5%) | $476,268 (6.9%) | 0.93 | 5,805 |
| 2020-09-01 | $328,278 (5.9%) | $482,110 (8.4%) | 0.94 | 5,101 |
| 2020-10-01 | $324,900 (3.3%) | $479,717 (6.6%) | 0.93 | 4,882 |
| 2020-11-01 | $319,450 (1.7%) | $485,924 (8.2%) | 0.91 | 4,708 |
| 2020-12-01 | $318,450 (2.7%) | $486,738 (9.1%) | 0.93 | 4,264 |
| 2021-01-01 | $318,990 (2.2%) | $486,461 (9.0%) | 0.94 | 3,500 |
| 2021-02-01 | $327,450 (2.4%) | $513,369 (13.4%) | 0.94 | 2,771 |
| 2021-03-01 | $334,180 (2.9%) | $524,601 (15.1%) | 0.94 | 2,391 |
| 2021-04-01 | $341,400 (8.3%) | $539,584 (21.5%) | 0.92 | 2,345 |
| 2021-05-01 | $347,500 (7.9%) | $536,379 (19.6%) | 0.91 | 2,403 |
| 2021-06-01 | $349,995 (9.0%) | $529,484 (17.2%) | 0.91 | 2,705 |
| 2021-07-01 | $350,254 (8.3%) | $536,258 (16.3%) | 0.91 | 3,023 |
| 2021-08-01 | $359,000 (9.8%) | $536,864 (12.7%) | 0.94 | 3,279 |
| 2021-09-01 | $369,876 (12.7%) | $542,572 (12.5%) | 0.97 | 3,435 |
| 2021-10-01 | $369,900 (13.9%) | $529,298 (10.3%) | 0.97 | 3,506 |
| 2021-11-01 | $374,900 (17.4%) | $540,111 (11.2%) | 0.99 | 3,136 |
| 2021-12-01 | $376,250 (18.2%) | $560,468 (15.2%) | 1.00 | 2,720 |
| 2022-01-01 | $385,000 (20.7%) | $584,914 (20.2%) | 1.03 | 2,430 |
| 2022-02-01 | $392,500 (19.9%) | $601,459 (17.2%) | 1.00 | 2,054 |
| 2022-03-01 | $406,000 (21.5%) | $621,919 (18.6%) | 1.00 | 1,901 |
| 2022-04-01 | $419,900 (23.0%) | $616,449 (14.3%) | 0.99 | 2,202 |
Jacksonville's median listing price comes in at 99% of the national average.
Jacksonville's average listing price for 2022-04-01 was $616,449, a difference of $76,865 (14.3%) versus the prior year and $-5,470 versus the prior month.
For the 2022-04-01 period, Jacksonville had 2,202 MLS listings, a difference of 301 listings (16%) versus the prior month and -143 listings (-6%) 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 | 2,062 sqft |
| 2018-02-01 | 77 days | 2,064 sqft |
| 2018-03-01 | 58 days | 2,099 sqft |
| 2018-04-01 | 59 days | 2,107 sqft |
| 2018-05-01 | 61 days | 2,087 sqft |
| 2018-06-01 | 62 days | 2,098 sqft |
| 2018-07-01 | 64 days | 2,060 sqft |
| 2018-08-01 | 64 days | 2,050 sqft |
| 2018-09-01 | 67 days | 2,031 sqft |
| 2018-10-01 | 68 days | 2,010 sqft |
| 2018-11-01 | 71 days | 1,996 sqft |
| 2018-12-01 | 78 days | 1,998 sqft |
| 2019-01-01 | 84 days | 1,986 sqft |
| 2019-02-01 | 80 days | 1,986 sqft |
| 2019-03-01 | 62 days | 2,025 sqft |
| 2019-04-01 | 63 days | 2,062 sqft |
| 2019-05-01 | 64 days | 2,072 sqft |
| 2019-06-01 | 64 days | 2,066 sqft |
| 2019-07-01 | 70 days | 2,052 sqft |
| 2019-08-01 | 70 days | 2,030 sqft |
| 2019-09-01 | 72 days | 2,014 sqft |
| 2019-10-01 | 70 days | 2,017 sqft |
| 2019-11-01 | 69 days | 2,003 sqft |
| 2019-12-01 | 73 days | 1,993 sqft |
| 2020-01-01 | 81 days | 1,987 sqft |
| 2020-02-01 | 74 days | 1,992 sqft |
| 2020-03-01 | 58 days | 1,992 sqft |
| 2020-04-01 | 58 days | 1,956 sqft |
| 2020-05-01 | 67 days | 1,960 sqft |
| 2020-06-01 | 67 days | 1,950 sqft |
| 2020-07-01 | 64 days | 1,962 sqft |
| 2020-08-01 | 59 days | 1,958 sqft |
| 2020-09-01 | 57 days | 1,930 sqft |
| 2020-10-01 | 51 days | 1,897 sqft |
| 2020-11-01 | 51 days | 1,868 sqft |
| 2020-12-01 | 57 days | 1,862 sqft |
| 2021-01-01 | 64 days | 1,856 sqft |
| 2021-02-01 | 55 days | 1,856 sqft |
| 2021-03-01 | 44 days | 1,859 sqft |
| 2021-04-01 | 39 days | 1,833 sqft |
| 2021-05-01 | 38 days | 1,821 sqft |
| 2021-06-01 | 37 days | 1,809 sqft |
| 2021-07-01 | 37 days | 1,800 sqft |
| 2021-08-01 | 38 days | 1,807 sqft |
| 2021-09-01 | 38 days | 1,802 sqft |
| 2021-10-01 | 39 days | 1,820 sqft |
| 2021-11-01 | 43 days | 1,811 sqft |
| 2021-12-01 | 50 days | 1,810 sqft |
| 2022-01-01 | 52 days | 1,814 sqft |
| 2022-02-01 | 40 days | 1,826 sqft |
| 2022-03-01 | 38 days | 1,868 sqft |
| 2022-04-01 | 31 days | 1,860 sqft |
Jacksonville's median square footage for active listings during the 2022-04-01 period was 1,860 sqft. One year prior, the average listing was 1,833 sqft.
