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%.
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 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. LouisDate | 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 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. LouisDate | 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 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.