Jacksonville VA Loan Rates, Closing Costs & Stats

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 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 142 lenders originated 2,984 VA loans during 2023. The total origination value was $832,230,000, with an average VA loan value of $278,897.

Jacksonville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Jacksonville averaged 6.38% for the week of 2024-07-12, compared to the national average (all VA variants) of 6.364% for the same period.

Jacksonville's average VA mortgage closing costs are $5,676.

The average rate for the prior week (2024-07-05) was 6.7% and one month ago for the week of 2024-06-07, the average rate was 6.41%.

The average rate one year ago was 6.69%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.48%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Jacksonville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 416 6.77% $7,121
NAVY FEDERAL CREDIT UNION 399 5.80% $7,084
MOVEMENT MORTGAGE, LLC 283 6.55% $8,535
UNITED WHOLESALE MORTGAGE, LLC 194 6.22% $8,668
FREEDOM MORTGAGE CORPORATION 179 6.64% $9,235
GUARANTEED RATE, INC. 165 6.23% $7,813
GUILD MORTGAGE COMPANY 136 6.53% $6,759
NEWREZ LLC 133 6.68% $8,553
QUICKEN LOANS, LLC 103 6.18% $9,501
CROSSCOUNTRY MORTGAGE, LLC 81 6.60% $7,243
PENNYMAC LOAN SERVICES, LLC 56 5.59% $7,261
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 47 6.51% $9,978
PLAZA HOME MORTGAGE, INC. 45 6.16% $7,757
DHI MORTGAGE COMPANY, LTD. 43 5.30% $9,385
USAA Federal Savings Bank 35 6.26% $9,152
American Security Mortgage Corp. 26 6.10% $9,064
VILLAGE CAPITAL MORTGAGE 26 6.07% $9,690
LOANDEPOT.COM, LLC 24 6.22% $8,533
JET HOMELOANS, LLC 24 5.94% $11,101
SeaTrust Mortgage Company 23 6.47% $8,977
The Federal Savings Bank 23 6.32% $15,786
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 6.39% $9,192
INTERCOASTAL MORTGAGE COMPANY 20 6.14% $8,915
Mr. Cooper ( Nationstar Mortgage ) 19 5.88% $13,305
NEW DAY FINANCIAL, LLC 19 7.61% $11,261
Atlantic Coast Mortgage, LLC 15 6.09% $10,325
MORTGAGE SOLUTIONS OF COLORADO, LLC 15 7.72% $3,766
Wells Fargo Bank 12 5.98% $8,132
PENTAGON FEDERAL CREDIT UNION 11 5.75% $11,355
NBKC BANK 10 5.69% $6,938
Prosperity Home Mortgage, LLC 9 6.33% $11,266
CORNERSTONE HOME LENDING, INC. 9 5.91% $8,682
LAKEVIEW LOAN SERVICING, LLC 9 5.90% $10,469
UNION HOME MORTGAGE CORP. 8 6.84% $7,008
FBC MORTGAGE, LLC 8 6.59% $5,437
Integrity Home Mortgage Corp 7 6.48% $7,749
Mid-Continent Funding, Inc. 7 6.48% $13,403
CMG MORTGAGE, INC. 7 5.98% $9,858
HOMESIDE FINANCIAL, LLC 6 6.67% $8,043
MUTUAL OF OMAHA MORTGAGE, INC. 6 6.15% $8,533
AMERISAVE MORTGAGE CORPORATION 6 5.94% $14,628
Equity Prime Mortgage LLC 5 6.73% $11,308
AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.50% $11,618
BROKER SOLUTIONS, INC. 5 6.42% $11,401
CARDINAL FINANCIAL 5 6.93% $12,109
Towne Bank 5 6.63% $8,333
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.45% $11,406
Flagstar Bank, FSB 5 6.95% $13,284
Nations Lending Corporation 4 6.41% $10,046
Barrington Bank & Trust Company, N.A. 4 6.11% $11,907
ZILLOW HOME LOANS, LLC 4 6.47% $6,507
MILEND, INC. 4 6.91% $9,478
Plains Commerce Bank 4 5.72% $9,335
EQUITY RESOURCES, INC. 4 6.59% $10,790
Gateway First Bank 3 5.75% $13,786
AMERICAN FINANCIAL NETWORK, INC. 3 6.38% $9,930
CALIBER HOME LOANS, INC. 3 6.58% $10,967
LOANPAL, LLC 3 6.00% $18,543
CHURCHILL MORTGAGE CORPORATION 3 6.42% $12,623
FIRST HOME MORTGAGE CORPORATION 3 6.79% $10,184
SOUTHEAST MORTGAGE OF GEORGIA, INC. 3 7.38% $3,319
SUN WEST MORTGAGE COMPANY, INC. 3 6.88% $8,547
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.54% $13,830
The Central Trust Bank 3 6.25% $6,893
T2 FINANCIAL LLC 2 6.31% $12,831
AmeriHome Mortgage Company, LLC 2 6.63% $6,003
Ameris Bank 2 6.19% $3,971
Armed Forces Bank 2 6.13% $12,784
Bank of England 2 6.31% $6,906
Blue Ridge Bank 2 6.06% $10,722
BNC National Bank 2 5.94% $4,285
Carrington Mortgage Services, LLC 2 6.38% $7,392
Century Mortgage Company DBA Century Lending Company 2 4.94% $10,363
DELMAR FINANCIAL COMPANY 2 7.44% $9,225
EMBRACE HOME LOANS, INC. 2 6.62% $12,064
First Federal Bank 2 6.25% $7,632
GoPrime Mortgage, Inc. 2 5.81% $9,710
GUARANTEED RATE AFFINITY, LLC 2 6.24% $10,203
MICHIGAN MUTUAL, INC. 2 6.63% $5,531
MORTGAGE EQUITY PARTNERS LLC 2 7.19% $10,219
MORTGAGEONE, INC. 2 6.81% $10,043
NTFN, INC. 2 6.69% $6,080
Paramount Residential Mortgage Group, Inc. 2 6.44% $16,052
PLANET HOME LENDING, LLC 2 6.13% $6,184
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.12% $2,692
RELIANCE FIRST CAPITAL, LLC 2 6.00% $18,880
RESOURCE FINANCIAL SERVICES, INC. 2 7.13% $5,225
SECURITYNATIONAL MORTGAGE COMPANY 2 6.63% $9,869
Sierra Pacific Mortgage Company, Inc. 2 6.13% $9,296
U.S. Bank 2 6.19% $7,865
GUARANTY HOME MORTGAGE CORPORATION 1 6.75% $14,319
GENEVA FINANCIAL, LLC 1 6.88% $11,283
First Western Trust Bank 1 5.88% $21,622
FIRST SAVINGS MORTGAGE CORPORATION 1 5.75% $12,492
NFM, INC. 1 5.63% $4,091
NJ LENDERS CORP. 1 5.00% $13,767
North American Savings Bank, F.S.B. 1 5.63% $5,387
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 7.00% $10,117
OCMBC, INC. 1 7.00% $3,033
BAYSHORE MORTGAGE FUNDING, LLC 1 6.88% $16,780
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $22,397
First-Citizens Bank & Trust Company 1 6.25% $15,652
PHH Mortgage Corporation 1 7.38% $4,076
First Bank 1 6.63% $3,376
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $14,911
FEDERATED MORTGAGE CORP. 1 5.75% $7,703
PNC Bank 1 6.00% $4,519
POLARIS HOME FUNDING CORP. 1 7.25% $9,156
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $15,284
AMCAP MORTGAGE, LTD. 1 6.75% $19,447
Farmers Bank & Trust 1 4.75% $11,620
Encompass Lending Group, LP 1 6.25% $6,395
RADIUS FINANCIAL GROUP INC. 1 6.25% $13,414
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.63% $6,678
Renasant Bank 1 6.63% $3,779
AMERICAN FINANCING CORPORATION 1 7.25% $15,858
ROYAL UNITED MORTGAGE LLC 1 6.75% $27,346
EMM LOANS LLC 1 6.25% $19,675
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $6,091
Wyndham Capital Mortgage, Inc. 1 5.25% $10,348
Credence Funding Corporation 1 6.25% $7,595
SOUTHERN TRUST MORTGAGE, LLC 1 6.63% $24,387
Strong Home Mortgage, LLC 1 6.99% $13,582
Corporate Investors Mortgage Group, Inc. 1 6.75% $11,509
Alcova Mortgage LLC 1 6.25% $20,698
TD Bank 1 6.88% $8,191
Cornerstone First Mortgage, Inc 1 5.50% $14,915
CONTOUR MORTGAGE CORPORATION 1 6.75% $8,356
The Loan Store, Inc. 1 7.13% $5,183
Citizens Bank 1 6.25% $4,354
TOWNE MORTGAGE COMPANY 1 6.25% $12,680
Magnolia Bank 1 6.63% $15,156
LOANLEADERS OF AMERICA, INC. 1 5.25% $12,800
CAPITAL CENTER, L.L.C. 1 5.75% $6,205
United Bank 1 6.25% $8,982
Lakeview Community Capital, LLC 1 6.13% $13,677
KELLER MORTGAGE, LLC 1 5.75% $3,127
JPMorgan Chase Bank 1 6.63% $2,597
HOMESTAR FINANCIAL CORPORATION 1 6.75% $11,466
HOMESPIRE MORTGAGE CORPORATION 1 7.13% $8,553
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.63% $7,972
NATIONS RELIABLE LENDING, LLC 1 4.75% $22,431

The top Jacksonville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 416 VA loans originated. Their average total fees are $7,121, which is $37 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee Jacksonville VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,766), GUILD MORTGAGE COMPANY ($6,759), NBKC BANK ($6,938), NAVY FEDERAL CREDIT UNION ($7,084) and Mortgage Research Center, LLC ($7,121).

The lowest rate Jacksonville VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.30%), PENNYMAC LOAN SERVICES, LLC (5.59%), NBKC BANK (5.69%), PENTAGON FEDERAL CREDIT UNION (5.75%) and NAVY FEDERAL CREDIT UNION (5.80%).


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 $187,750 (16.8%) $229,259 (18.6%) 0.70 1,284
2018-02-01 $186,950 (12.1%) $223,099 (12.2%) 0.68 1,331
2018-03-01 $188,500 (11.2%) $227,323 (12.1%) 0.66 1,398
2018-04-01 $189,950 (11.5%) $232,836 (12.5%) 0.64 1,374
2018-05-01 $194,598 (14.1%) $235,631 (14.5%) 0.65 1,390
2018-06-01 $194,900 (11.7%) $237,359 (11.2%) 0.65 1,381
2018-07-01 $192,000 (8.5%) $238,375 (8.0%) 0.64 1,408
2018-08-01 $194,950 (8.3%) $239,325 (7.1%) 0.65 1,391
2018-09-01 $194,500 (6.3%) $238,018 (5.7%) 0.65 1,371
2018-10-01 $195,948 (6.4%) $241,153 (7.5%) 0.66 1,037
2018-11-01 $199,700 (7.2%) $244,258 (8.0%) 0.68 948
2018-12-01 $201,000 (7.5%) $246,339 (7.9%) 0.69 864
2019-01-01 $207,450 (10.5%) $253,825 (10.7%) 0.72 779
2019-02-01 $211,850 (13.3%) $262,038 (17.5%) 0.72 746
2019-03-01 $213,718 (13.4%) $267,971 (17.9%) 0.70 730
2019-04-01 $211,838 (11.5%) $261,383 (12.3%) 0.67 813
2019-05-01 $211,425 (8.7%) $267,543 (13.5%) 0.66 1,011
2019-06-01 $210,350 (7.9%) $260,916 (9.9%) 0.66 1,138
2019-07-01 $211,000 (9.9%) $262,122 (10.0%) 0.66 1,216
2019-08-01 $209,455 (7.4%) $258,966 (8.2%) 0.66 1,297
2019-09-01 $208,636 (7.3%) $257,078 (8.0%) 0.67 1,334
2019-10-01 $208,091 (6.2%) $255,819 (6.1%) 0.67 1,362
2019-11-01 $206,000 (3.2%) $254,844 (4.3%) 0.68 1,375
2019-12-01 $208,325 (3.6%) $258,173 (4.8%) 0.69 1,285
2020-01-01 $209,900 (1.2%) $257,762 (1.6%) 0.70 1,208
2020-02-01 $209,900 (-0.9%) $257,574 (-1.7%) 0.69 1,176
2020-03-01 $213,700 (0.0%) $263,445 (-1.7%) 0.67 1,161
2020-04-01 $215,400 (1.7%) $266,162 (1.8%) 0.67 1,114
2020-05-01 $219,900 (4.0%) $276,307 (3.3%) 0.67 941
2020-06-01 $221,450 (5.3%) $276,978 (6.2%) 0.65 815
2020-07-01 $220,938 (4.7%) $277,207 (5.8%) 0.64 749
2020-08-01 $221,250 (5.6%) $283,533 (9.5%) 0.63 649
2020-09-01 $227,400 (9.0%) $285,287 (11.0%) 0.65 580
2020-10-01 $226,225 (8.7%) $289,755 (13.3%) 0.65 557
2020-11-01 $227,125 (10.3%) $296,774 (16.5%) 0.66 522
2020-12-01 $226,375 (8.7%) $303,587 (17.6%) 0.67 429
2021-01-01 $230,950 (10.0%) $315,055 (22.2%) 0.69 369
2021-02-01 $222,925 (6.2%) $314,273 (22.0%) 0.65 302
2021-03-01 $223,250 (4.5%) $309,944 (17.7%) 0.63 301
2021-04-01 $223,450 (3.7%) $314,968 (18.3%) 0.60 286
2021-05-01 $225,000 (2.3%) $318,496 (15.3%) 0.60 305
2021-06-01 $229,450 (3.6%) $331,918 (19.8%) 0.60 325
2021-07-01 $230,000 (4.1%) $338,728 (22.2%) 0.61 335
2021-08-01 $229,975 (3.9%) $342,443 (20.8%) 0.61 342
2021-09-01 $237,500 (4.4%) $340,823 (19.5%) 0.63 327
2021-10-01 $231,000 (2.1%) $334,774 (15.5%) 0.62 350
2021-11-01 $256,220 (12.8%) $353,599 (19.2%) 0.68 353
2021-12-01 $264,225 (16.7%) $365,008 (20.2%) 0.72 349
2022-01-01 $274,250 (18.8%) $384,040 (21.9%) 0.74 270
2022-02-01 $266,500 (19.6%) $372,904 (18.7%) 0.69 227
2022-03-01 $261,475 (17.1%) $365,787 (18.0%) 0.65 234
2022-04-01 $277,500 (24.2%) $390,963 (24.1%) 0.66 260
2022-05-01 $299,945 (33.3%) $406,391 (27.6%) 0.69 336
2022-06-01 $302,450 (31.8%) $415,825 (25.3%) 0.67 380
2022-07-01 $315,000 (37.0%) $426,071 (25.8%) 0.71 468
2022-08-01 $329,700 (43.4%) $428,164 (25.0%) 0.76 501
2022-09-01 $322,000 (35.6%) $413,648 (21.4%) 0.75 501
2022-10-01 $325,000 (40.7%) $407,079 (21.6%) 0.76 553
2022-11-01 $329,444 (28.6%) $408,192 (15.4%) 0.79 619
2022-12-01 $329,900 (24.9%) $411,309 (12.7%) 0.81 602
2023-01-01 $330,000 (20.3%) $407,682 (6.2%) 0.82 588
2023-02-01 $330,450 (24.0%) $399,586 (7.2%) 0.80 557
2023-03-01 $335,900 (28.5%) $413,235 (13.0%) 0.79 512
2023-04-01 $344,900 (24.3%) $417,804 (6.9%) 0.80 495
2023-05-01 $349,225 (16.4%) $432,551 (6.4%) 0.79 550
2023-06-01 $347,450 (14.9%) $437,925 (5.3%) 0.78 550
2023-07-01 $340,000 (7.9%) $423,838 (-0.5%) 0.77 575
2023-08-01 $335,925 (1.9%) $419,209 (-2.1%) 0.77 591
2023-09-01 $329,000 (2.2%) $415,073 (0.3%) 0.77 672
2023-10-01 $324,975 (0.0%) $395,942 (-2.7%) 0.76 736
2023-11-01 $325,000 (-1.4%) $397,533 (-2.6%) 0.77 812
2023-12-01 $325,000 (-1.5%) $403,993 (-1.8%) 0.79 836
2024-01-01 $324,450 (-1.7%) $400,477 (-1.8%) 0.79 781
2024-02-01 $329,793 (-0.2%) $409,724 (2.5%) 0.79 767
2024-03-01 $330,000 (-1.8%) $413,280 (0.0%) 0.78 763
2024-04-01 $340,575 (-1.3%) $448,510 (7.4%) 0.79 776
2024-05-01 $346,950 (-0.7%) $468,401 (8.3%) 0.78 854
2024-06-01 $349,354 (0.6%) $479,444 (9.5%) 0.79 841
Jacksonville's median listing price for 2024-06-01 was $349,354, a difference of $1,904 (0.6%) versus the prior year and $2,404 versus the prior month.

Jacksonville's median listing price comes in at 79% of the national average.

Jacksonville's average listing price for 2024-06-01 was $479,444, a difference of $41,519 (9.5%) versus the prior year and $11,043 versus the prior month.

For the 2024-06-01 period, Jacksonville had 841 MLS listings, a difference of -13 listings (-2%) versus the prior month and 291 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 97 days 1,754 sqft
2018-02-01 86 days 1,748 sqft
2018-03-01 63 days 1,753 sqft
2018-04-01 63 days 1,756 sqft
2018-05-01 62 days 1,760 sqft
2018-06-01 65 days 1,760 sqft
2018-07-01 66 days 1,764 sqft
2018-08-01 68 days 1,786 sqft
2018-09-01 81 days 1,779 sqft
2018-10-01 101 days 1,781 sqft
2018-11-01 102 days 1,784 sqft
2018-12-01 108 days 1,782 sqft
2019-01-01 90 days 1,814 sqft
2019-02-01 74 days 1,862 sqft
2019-03-01 52 days 1,883 sqft
2019-04-01 37 days 1,871 sqft
2019-05-01 37 days 1,844 sqft
2019-06-01 50 days 1,821 sqft
2019-07-01 55 days 1,811 sqft
2019-08-01 59 days 1,792 sqft
2019-09-01 66 days 1,777 sqft
2019-10-01 74 days 1,761 sqft
2019-11-01 73 days 1,760 sqft
2019-12-01 83 days 1,770 sqft
2020-01-01 94 days 1,760 sqft
2020-02-01 89 days 1,731 sqft
2020-03-01 68 days 1,710 sqft
2020-04-01 70 days 1,736 sqft
2020-05-01 75 days 1,777 sqft
2020-06-01 69 days 1,800 sqft
2020-07-01 57 days 1,804 sqft
2020-08-01 57 days 1,794 sqft
2020-09-01 64 days 1,790 sqft
2020-10-01 59 days 1,800 sqft
2020-11-01 68 days 1,789 sqft
2020-12-01 68 days 1,763 sqft
2021-01-01 60 days 1,813 sqft
2021-02-01 49 days 1,723 sqft
2021-03-01 40 days 1,690 sqft
2021-04-01 40 days 1,712 sqft
2021-05-01 38 days 1,674 sqft
2021-06-01 41 days 1,670 sqft
2021-07-01 40 days 1,647 sqft
2021-08-01 41 days 1,622 sqft
2021-09-01 40 days 1,653 sqft
2021-10-01 39 days 1,600 sqft
2021-11-01 38 days 1,710 sqft
2021-12-01 53 days 1,729 sqft
2022-01-01 61 days 1,728 sqft
2022-02-01 42 days 1,679 sqft
2022-03-01 34 days 1,591 sqft
2022-04-01 34 days 1,657 sqft
2022-05-01 32 days 1,736 sqft
2022-06-01 36 days 1,731 sqft
2022-07-01 38 days 1,860 sqft
2022-08-01 43 days 1,865 sqft
2022-09-01 49 days 1,827 sqft
2022-10-01 49 days 1,865 sqft
2022-11-01 48 days 1,895 sqft
2022-12-01 59 days 1,904 sqft
2023-01-01 71 days 1,910 sqft
2023-02-01 51 days 1,901 sqft
2023-03-01 45 days 1,900 sqft
2023-04-01 45 days 1,941 sqft
2023-05-01 38 days 1,964 sqft
2023-06-01 42 days 1,925 sqft
2023-07-01 44 days 1,884 sqft
2023-08-01 44 days 1,834 sqft
2023-09-01 47 days 1,825 sqft
2023-10-01 47 days 1,800 sqft
2023-11-01 49 days 1,788 sqft
2023-12-01 62 days 1,800 sqft
2024-01-01 73 days 1,801 sqft
2024-02-01 66 days 1,795 sqft
2024-03-01 52 days 1,800 sqft
2024-04-01 50 days 1,809 sqft
2024-05-01 41 days 1,833 sqft
2024-06-01 50 days 1,851 sqft
Jacksonville's median listing age (time on market) for 2024-06-01 was 50 days. This is 19% longer than the same period one year ago.

Jacksonville's median square footage for active listings during the 2024-06-01 period was 1,851 sqft. One year prior, the average listing was 1,925 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.