Jacksonville VA Loans

JACKSONVILLE, NC

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 189 lenders originated 7,203 VA loans during 2021. The total origination value was $1,550,105,000, with an average VA loan value of $215,203.

Jacksonville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Jacksonville averaged 5.22% 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 5.45% and one month ago for the week of 2022-04-08, the average rate was 5.08%.

The average rate one year ago was 2.99%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.12%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 649 2.59% $3,885
Mortgage Research Center, LLC 638 2.89% $6,325
MOVEMENT MORTGAGE, LLC 606 2.95% $5,328
NAVY FEDERAL CREDIT UNION 597 2.50% $4,944
Alpha Mortgage Corporation 400 3.25% $6,083
GUARANTEED RATE, INC. 361 2.79% $5,959
RESIDENTIAL MORTGAGE SERVICES, INC. 322 2.73% $5,715
QUICKEN LOANS, LLC 268 2.49% $4,379
PENNYMAC LOAN SERVICES, LLC 244 2.43% $4,962
CALIBER HOME LOANS, INC. 169 2.62% $5,164
UNION HOME MORTGAGE CORP. 145 2.82% $6,010
VILLAGE CAPITAL & INVESTMENT LLC 132 2.42% $3,425
USAA Federal Savings Bank 109 2.88% $5,661
LAKEVIEW LOAN SERVICING, LLC 89 2.60% $2,205
Wells Fargo Bank 86 2.51% $3,701
NEW DAY FINANCIAL, LLC 68 2.90% $5,429
Mr. Cooper ( Nationstar Mortgage ) 68 3.01% $3,457
PLAZA HOME MORTGAGE, INC. 65 2.64% $6,245
UNITED WHOLESALE MORTGAGE, LLC 64 2.63% $5,965
LOANDEPOT.COM, LLC 60 2.52% $5,115
Carrington Mortgage Services, LLC 58 3.10% $3,562
HOME POINT FINANCIAL CORPORATION 54 2.58% $5,546
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 54 2.95% $7,105
SeaTrust Mortgage Company 52 2.82% $5,937
CLEARPATH LENDING 52 2.38% $3,742
GUILD MORTGAGE COMPANY 49 3.07% $6,162
ANGEL OAK HOME LOANS LLC 45 2.68% $5,366
American Security Mortgage Corp. 44 2.67% $5,820
The Federal Savings Bank 42 2.65% $5,865
INTERCOASTAL MORTGAGE COMPANY 41 2.82% $6,292
CROSSCOUNTRY MORTGAGE, LLC 40 3.13% $7,376
NEWREZ LLC 36 2.70% $3,424
AMERICAN FINANCIAL NETWORK, INC. 30 2.52% $7,022
SUN WEST MORTGAGE COMPANY, INC. 29 2.41% $3,683
InterContinental Capital Group, Inc 24 2.35% $3,018
Low VA Rates, LLC 24 2.55% $3,863
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 2.95% $6,495
Mid-Continent Funding, Inc. 20 2.88% $6,020
First Guaranty Mortgage Corporation 19 2.51% $4,055
ACCELERATE MORTGAGE, LLC 18 2.25% $4,868
Barrington Bank & Trust Company, N.A. 17 2.65% $3,309
PENTAGON FEDERAL CREDIT UNION 16 2.38% $2,731
MUTUAL OF OMAHA MORTGAGE, INC. 16 2.80% $6,699
Lakeview Community Capital, LLC 14 2.63% $1,968
CORNERSTONE HOME LENDING, INC. 14 2.93% $9,227
HOMEBRIDGE FINANCIAL SERVICES, INC. 14 2.80% $7,777
Towne Bank 14 2.72% $5,512
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 14 2.82% $5,908
EQUITY RESOURCES, INC. 13 2.74% $5,025
Gateway First Bank 13 3.08% $3,810
NP, Inc. 12 2.45% $4,009
BROKER SOLUTIONS, INC. 12 2.73% $7,694
DHI MORTGAGE COMPANY, LTD. 11 2.70% $9,511
AMERISAVE MORTGAGE CORPORATION 11 2.72% $4,055
North American Savings Bank, F.S.B. 11 2.43% $2,894
U.S. Bank 9 2.64% $3,326
RESOURCE FINANCIAL SERVICES, INC. 8 2.61% $5,612
AmeriHome Mortgage Company, LLC 7 3.02% $2,163
NBKC BANK 7 2.71% $8,927
CMG MORTGAGE, INC. 7 3.09% $4,835
Nations Lending Corporation 7 2.84% $7,449
Magnolia Bank 7 2.59% $6,027
SOUTHERN TRUST MORTGAGE, LLC 6 2.67% $8,787
ON Q FINANCIAL, INC. 6 2.71% $5,341
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 2.73% $4,384
PLANET HOME LENDING, LLC 6 2.60% $4,848
CHURCHILL MORTGAGE CORPORATION 6 2.44% $5,213
Ameris Bank 5 2.50% $5,612
Equity Prime Mortgage LLC 5 3.23% $4,600
HOMESIDE FINANCIAL, LLC 5 2.55% $2,882
SOVEREIGN LENDING GROUP INCORPORATED 5 2.93% $5,863
Blue Ridge Bank 5 2.90% $8,986
KELLER MORTGAGE, LLC 5 2.93% $8,222
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 4.23% $3,415
Truist Bank 4 2.71% $2,539
Renasant Bank 4 2.53% $7,332
First Federal Bank 4 3.81% $4,485
Atlantic Coast Mortgage, LLC 4 2.91% $6,143
BNC National Bank 4 2.38% $2,146
LENDUS, LLC 4 2.38% $4,621
TJC Mortgage, Inc. 3 2.08% $6,257
V.I.P. MORTGAGE, INC. 3 2.92% $3,449
EMBRACE HOME LOANS, INC. 3 2.46% $5,860
Bank of England 3 2.63% $9,712
STEARNS LENDING, LLC 3 2.42% $6,326
LEADERONE FINANCIAL CORPORATION 3 2.50% $5,598
Ixonia Bank 3 2.71% $2,617
JET DIRECT FUNDING CORP 3 2.67% $11,026
FINANCE OF AMERICA MORTGAGE LLC 3 2.96% $10,403
Credence Funding Corporation 3 2.17% $3,329
LOANPAL, LLC 3 3.25% $5,131
UNITED SECURITY FINANCIAL CORP 3 1.92% $3,397
Alcova Mortgage LLC 3 2.71% $4,994
CAPITAL CENTER, L.L.C. 3 2.50% $2,393
AMERICAN FINANCING CORPORATION 3 2.33% $4,013
PNC Bank 3 2.88% $2,557
Flagstar Bank, FSB 3 2.77% $2,870
CONTOUR MORTGAGE CORPORATION 3 2.25% $6,534
George Mason Mortgage, LLC 3 2.66% $6,990
ROYAL UNITED MORTGAGE LLC 2 2.75% $7,522
RAPID MORTGAGE COMPANY 2 3.75% $8,559
Corporate Investors Mortgage Group, Inc. 2 2.63% $4,350
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.25% $4,077
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.75% $4,159
Presidential Bank, FSB 2 2.25% $2,207
NFM, INC. 2 3.25% $4,480
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.81% $13,911
BELEM SERVICING LLC 2 2.81% $5,145
HOMESTAR FINANCIAL CORPORATION 2 3.19% $6,998
Austin Capital Bank SSB 2 2.94% $5,379
First Heritage Mortgage, LLC 2 2.81% $6,245
Wyndham Capital Mortgage, Inc. 2 3.25% $5,717
JET HOMELOANS, LLC 2 3.50% $7,771
KS StateBank 2 2.44% $2,257
First Bank 2 2.50% $6,389
Northpointe Bank 2 3.13% $2,405
Capital Bank 2 2.25% $1,696
North State Bank 2 2.38% $4,833
Towne Mortgage, LLC 2 2.50% $16,113
Meridian Bank Corporation 2 2.50% $6,140
SUMMIT FUNDING, INC. 2 2.81% $6,423
DIRECT MORTGAGE LOANS, LLC 2 2.50% $4,036
CityWorth Mortgage LLC 2 2.63% $7,880
SOUTHWEST STAGE FUNDING, LLC 2 2.81% $8,575
DAS Acquisition Company, LLC 2 4.00% $9,572
ZILLOW HOME LOANS, LLC 1 3.13% $5,432
AMERICAN FINANCIAL RESOURCES, INC. 1 2.88% $4,323
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.75% $10,000
APEX HOME LOANS, INC. 1 3.13% $8,208
ARC HOME LLC 1 2.38% $6,956
Armed Forces Bank 1 2.25% $2,454
Assurance Financial Group, L.L.C. 1 2.63% $3,135
BAY CAPITAL MORTGAGE CORPORATION 1 2.25% $5,302
CANOPY MORTGAGE, LLC 1 2.75% $3,543
CERTAINTY HOME LOANS, LLC 1 2.88% $10,800
Citizens Bank 1 2.63% $2,702
Colonial Savings, F.A. 1 3.13% $1,397
Community First National Bank 1 2.50% $6,481
Core Bank 1 2.75% $8,901
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.25% $5,181
Evolve Bank & Trust 1 2.88% $7,849
Fifth Third Bank 1 2.75% $2,693
First Federal Bank of Kansas City 1 2.25% $2,359
First Home Bank 1 2.75% $1,572
First Mortgage Solutions, LLC 1 2.25% $907
First National Bank of Pennsylvania 1 2.63% $8,541
First Reliance Bank 1 2.63% $4,330
First Savings Bank 1 3.25% $8,807
FIRST SAVINGS MORTGAGE CORPORATION 1 2.38% $3,754
First Western Trust Bank 1 2.63% $1,999
GENEVA FINANCIAL, LLC 1 3.25% $3,057
Goldwater Bank, N.A. 1 3.00% $11,366
GoPrime Mortgage, Inc. 1 2.50% $1,857
HOMESTEAD FUNDING CORP. 1 2.25% $934
INTERCAP LENDING INC. 1 2.25% $3,155
LIBERTY HOME MORTGAGE CORPORATION 1 2.63% $5,642
Manufacturers and Traders Trust Company 1 2.88% $5,650
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 2.88% $9,562
MICHIGAN MUTUAL, INC. 1 3.38% $2,100
MID AMERICA MORTGAGE, INC. 1 2.75% $1,887
MLD MORTGAGE INC. 1 2.25% $3,354
MORTGAGE FINANCIAL GROUP, INC. 1 3.13% $7,653
Mortgage Network, Inc. 1 2.25% $5,528
Pacor Mortgage Corp 1 2.25% $2,699
Paramount Bank 1 2.25% $13,212
Paramount Residential Mortgage Group, Inc. 1 2.25% $5,115
PHH Mortgage Corporation 1 3.63% $964
Plains Commerce Bank 1 2.25% $3,175
PLUS RELOCATION MORTGAGE, LLC 1 3.25% $2,811
Prime Choice Funding Inc. 1 2.25% $2,576
Prosperity Home Mortgage, LLC 1 3.25% $3,008
RELIANCE FIRST CAPITAL, LLC 1 3.50% $8,663
ROSS MORTGAGE CORPORATION 1 3.50% $5,371
Sandy Spring Bank 1 2.38% $3,375
South State Bank 1 2.25% $13,225
Strong Home Mortgage, LLC 1 3.00% $9,320
SUCCESS MORTGAGE PARTNERS, INC. 1 3.88% $2,954
T2 FINANCIAL LLC 1 3.00% $3,654
THE MORTGAGE FIRM, INC. 1 2.99% $9,542
THRIVE MORTGAGE, LLC 1 2.75% $1,120
Tidewater Home Funding, LLC 1 2.75% $2,621
TIDEWATER MORTGAGE SERVICES, INC. 1 2.88% $3,195
US MORTGAGE CORPORATION 1 2.88% $4,371
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.75% $2,026
VAN DYK MORTGAGE CORPORATION 1 3.13% $17,695
Victorian Finance, LLC 1 3.75% $1,410
WESTERN EXPRESS LENDING 1 2.75% $1,842
Willamette Valley Bank 1 2.75% $5,570
ACADEMY MORTGAGE CORPORATION 1 2.75% $10,420

The top Jacksonville VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 649 VA loans originated. Their average total fees are $3,885, which is $2,440 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Jacksonville VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($1,968), LAKEVIEW LOAN SERVICING, LLC ($2,205), PENTAGON FEDERAL CREDIT UNION ($2,731), North American Savings Bank, F.S.B. ($2,894) and InterContinental Capital Group, Inc ($3,018).

The lowest rate Jacksonville VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.25%), InterContinental Capital Group, Inc (2.35%), PENTAGON FEDERAL CREDIT UNION (2.38%), CLEARPATH LENDING (2.38%) and SUN WEST MORTGAGE COMPANY, INC. (2.41%).


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 $190,500 (14.5%) $247,309 (18.4%) 0.70 1,329
2018-02-01 $189,000 (11.2%) $242,107 (13.9%) 0.68 1,377
2018-03-01 $189,950 (8.6%) $247,048 (14.0%) 0.66 1,443
2018-04-01 $193,700 (10.1%) $256,499 (14.3%) 0.65 1,425
2018-05-01 $196,500 (12.3%) $258,193 (16.2%) 0.66 1,422
2018-06-01 $196,900 (9.6%) $259,776 (13.0%) 0.66 1,416
2018-07-01 $195,450 (8.0%) $260,382 (9.2%) 0.65 1,425
2018-08-01 $196,000 (5.6%) $260,710 (7.4%) 0.66 1,417
2018-09-01 $195,900 (3.2%) $258,451 (4.9%) 0.66 1,398
2018-10-01 $198,200 (4.4%) $262,647 (6.7%) 0.66 1,059
2018-11-01 $201,500 (6.1%) $267,723 (8.7%) 0.68 976
2018-12-01 $202,900 (6.8%) $271,901 (10.4%) 0.69 891
2019-01-01 $211,400 (11.0%) $281,217 (13.7%) 0.73 802
2019-02-01 $216,950 (14.8%) $291,373 (20.4%) 0.73 762
2019-03-01 $218,229 (14.9%) $295,243 (19.5%) 0.71 742
2019-04-01 $215,450 (11.2%) $282,574 (10.2%) 0.68 823
2019-05-01 $218,700 (11.3%) $286,780 (11.1%) 0.67 1,021
2019-06-01 $217,790 (10.6%) $280,763 (8.1%) 0.67 1,148
2019-07-01 $216,200 (10.6%) $279,717 (7.4%) 0.67 1,238
2019-08-01 $214,043 (9.2%) $279,177 (7.1%) 0.67 1,298
2019-09-01 $212,200 (8.3%) $283,639 (9.8%) 0.67 1,301
2019-10-01 $212,450 (7.2%) $289,453 (10.2%) 0.68 1,406
2019-11-01 $212,000 (5.2%) $291,071 (8.7%) 0.68 1,428
2019-12-01 $214,200 (5.6%) $296,179 (8.9%) 0.71 1,349
2020-01-01 $215,450 (1.9%) $301,069 (7.1%) 0.72 1,267
2020-02-01 $215,500 (-0.7%) $303,502 (4.2%) 0.70 1,247
2020-03-01 $220,000 (0.8%) $309,962 (5.0%) 0.69 1,226
2020-04-01 $221,053 (2.6%) $313,610 (11.0%) 0.69 1,201
2020-05-01 $228,900 (4.7%) $326,621 (13.9%) 0.69 1,026
2020-06-01 $229,900 (5.6%) $330,633 (17.8%) 0.67 859
2020-07-01 $228,575 (5.7%) $330,229 (18.1%) 0.65 800
2020-08-01 $234,900 (9.7%) $337,323 (20.8%) 0.67 692
2020-09-01 $237,900 (12.1%) $350,202 (23.5%) 0.68 611
2020-10-01 $235,900 (11.0%) $347,656 (20.1%) 0.67 569
2020-11-01 $238,700 (12.6%) $348,797 (19.8%) 0.68 550
2020-12-01 $243,900 (13.9%) $359,260 (21.3%) 0.72 464
2021-01-01 $246,425 (14.4%) $374,037 (24.2%) 0.73 377
2021-02-01 $248,125 (15.1%) $379,905 (25.2%) 0.71 301
2021-03-01 $243,663 (10.8%) $362,762 (17.0%) 0.68 287
2021-04-01 $237,450 (7.4%) $354,443 (13.0%) 0.64 271
2021-05-01 $238,350 (4.1%) $373,164 (14.3%) 0.63 292
2021-06-01 $238,000 (3.5%) $375,542 (13.6%) 0.62 322
2021-07-01 $237,500 (3.9%) $380,665 (15.3%) 0.62 347
2021-08-01 $239,950 (2.2%) $382,459 (13.4%) 0.63 360
2021-09-01 $244,250 (2.7%) $390,768 (11.6%) 0.64 342
2021-10-01 $240,000 (1.7%) $381,925 (9.9%) 0.63 364
2021-11-01 $267,450 (12.0%) $396,434 (13.7%) 0.70 371
2021-12-01 $271,950 (11.5%) $401,835 (11.9%) 0.73 367
2022-01-01 $284,000 (15.3%) $426,994 (14.2%) 0.76 284
2022-02-01 $280,200 (12.9%) $413,395 (8.8%) 0.71 236
2022-03-01 $268,500 (10.2%) $406,272 (12.0%) 0.66 234
2022-04-01 $285,000 (20.0%) $429,112 (21.1%) 0.67 261
Jacksonville's median listing price for 2022-04-01 was $285,000, a difference of $47,550 (20.0%) versus the prior year and $16,500 versus the prior month.

Jacksonville's median listing price comes in at 67% of the national average.

Jacksonville's average listing price for 2022-04-01 was $429,112, a difference of $74,669 (21.1%) versus the prior year and $22,840 versus the prior month.

For the 2022-04-01 period, Jacksonville had 261 MLS listings, a difference of 27 listings (12%) versus the prior month and -10 listings (-4%) 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
2018-01-01 111 days 1,723 sqft
2018-02-01 99 days 1,712 sqft
2018-03-01 73 days 1,734 sqft
2018-04-01 71 days 1,753 sqft
2018-05-01 69 days 1,758 sqft
2018-06-01 74 days 1,756 sqft
2018-07-01 78 days 1,754 sqft
2018-08-01 79 days 1,757 sqft
2018-09-01 86 days 1,756 sqft
2018-10-01 112 days 1,755 sqft
2018-11-01 115 days 1,760 sqft
2018-12-01 120 days 1,756 sqft
2019-01-01 132 days 1,802 sqft
2019-02-01 98 days 1,843 sqft
2019-03-01 59 days 1,873 sqft
2019-04-01 42 days 1,856 sqft
2019-05-01 41 days 1,828 sqft
2019-06-01 52 days 1,814 sqft
2019-07-01 58 days 1,808 sqft
2019-08-01 58 days 1,795 sqft
2019-09-01 71 days 1,774 sqft
2019-10-01 73 days 1,759 sqft
2019-11-01 72 days 1,756 sqft
2019-12-01 80 days 1,758 sqft
2020-01-01 92 days 1,763 sqft
2020-02-01 91 days 1,726 sqft
2020-03-01 75 days 1,708 sqft
2020-04-01 75 days 1,711 sqft
2020-05-01 84 days 1,762 sqft
2020-06-01 80 days 1,799 sqft
2020-07-01 59 days 1,790 sqft
2020-08-01 57 days 1,814 sqft
2020-09-01 58 days 1,803 sqft
2020-10-01 53 days 1,813 sqft
2020-11-01 58 days 1,809 sqft
2020-12-01 58 days 1,800 sqft
2021-01-01 63 days 1,837 sqft
2021-02-01 59 days 1,783 sqft
2021-03-01 42 days 1,736 sqft
2021-04-01 40 days 1,740 sqft
2021-05-01 41 days 1,722 sqft
2021-06-01 42 days 1,695 sqft
2021-07-01 43 days 1,655 sqft
2021-08-01 43 days 1,631 sqft
2021-09-01 43 days 1,680 sqft
2021-10-01 43 days 1,623 sqft
2021-11-01 42 days 1,733 sqft
2021-12-01 45 days 1,752 sqft
2022-01-01 55 days 1,732 sqft
2022-02-01 49 days 1,721 sqft
2022-03-01 35 days 1,641 sqft
2022-04-01 35 days 1,680 sqft
Jacksonville's median listing age (time on market) for 2022-04-01 was 35 days. This is -13% shorter than the same period one year ago.

Jacksonville's median square footage for active listings during the 2022-04-01 period was 1,680 sqft. One year prior, the average listing was 1,740 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.