Jacksonville VA Loan Rates, Closing Costs & Stats

Jacksonville, TX

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 20 lenders originated 46 VA loans during 2023. The total origination value was $13,000,000, with an average VA loan value of $282,609.

Jacksonville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Jacksonville averaged 6.99% for the week of 2024-07-05, compared to the national average (all VA variants) of 6.475% for the same period.

Jacksonville's average VA mortgage closing costs are $5,729.

The average rate for the prior week (2024-06-28) was 6.69% and one month ago for the week of 2024-05-31, the average rate was 6.82%.

The average rate one year ago was 7.07%.

For refis of the same type during the week of 2024-07-05, the average rate was 6.58%.

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 16 6.72% $7,209
UNITED WHOLESALE MORTGAGE, LLC 4 6.97% $6,974
CMG MORTGAGE, INC. 3 7.08% $12,139
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.50% $2,839
USAA Federal Savings Bank 2 5.81% $6,618
GUARANTEED RATE, INC. 2 6.63% $6,210
SOUTHWEST STAGE FUNDING, LLC 2 6.63% $2,324
GUILD MORTGAGE COMPANY 2 6.69% $17,760
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $9,923
QUICKEN LOANS, LLC 1 6.49% $11,664
TIB The Independent Bankersbank 1 6.13% $10,428
Town Square Mortgage & Investments, Inc. 1 6.00% $13,282
NEWREZ LLC 1 6.13% $10,428
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.38% $8,886
HALLMARK HOME MORTGAGE, LLC 1 6.63% $7,814
Mid-Continent Funding, Inc. 1 6.75% $7,173
NEW DAY FINANCIAL, LLC 1 7.75% $3,588
AMCAP MORTGAGE, LTD. 1 7.13% $2,601
PENNYMAC LOAN SERVICES, LLC 1 6.50% $11,886
PENTAGON FEDERAL CREDIT UNION 1 5.13% $5,946

The top Jacksonville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $7,209, which is $235 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Jacksonville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,209), .

The lowest rate Jacksonville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.72%), .


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 $212,225 (11.0%) $296,930 (12.1%) 0.00 177
2018-02-01 $209,500 (7.6%) $311,820 (19.0%) 0.00 182
2018-03-01 $227,450 (3.9%) $317,900 (8.7%) 0.00 186
2018-04-01 $228,200 (-2.9%) $323,386 (8.2%) 0.00 183
2018-05-01 $235,250 (-5.2%) $328,140 (7.5%) 0.00 180
2018-06-01 $244,000 (-5.6%) $330,249 (1.8%) 0.00 185
2018-07-01 $244,500 (-0.2%) $315,751 (-0.6%) 0.00 204
2018-08-01 $240,500 (7.9%) $308,280 (2.5%) 0.00 202
2018-09-01 $237,000 (16.0%) $313,319 (9.4%) 0.00 198
2018-10-01 $236,550 (20.5%) $299,936 (6.0%) 0.00 184
2018-11-01 $235,000 (17.9%) $310,022 (9.8%) 0.00 191
2018-12-01 $235,000 (10.0%) $310,749 (7.2%) 0.00 184
2019-01-01 $231,900 (9.3%) $309,476 (4.2%) 0.00 180
2019-02-01 $229,250 (9.4%) $315,877 (1.3%) 0.00 172
2019-03-01 $234,957 (3.3%) $315,702 (-0.7%) 0.00 179
2019-04-01 $242,207 (6.1%) $310,222 (-4.1%) 0.00 196
2019-05-01 $249,700 (6.1%) $342,645 (4.4%) 0.00 207
2019-06-01 $249,900 (2.4%) $348,351 (5.5%) 0.00 200
2019-07-01 $241,818 (-1.1%) $347,683 (10.1%) 0.00 180
2019-08-01 $244,918 (1.8%) $350,176 (13.6%) 0.00 176
2019-09-01 $247,495 (4.4%) $346,382 (10.6%) 0.00 165
2019-10-01 $249,600 (5.5%) $346,625 (15.6%) 0.00 153
2019-11-01 $243,000 (3.4%) $338,927 (9.3%) 0.00 158
2019-12-01 $239,173 (1.8%) $326,085 (4.9%) 0.00 168
2020-01-01 $241,095 (4.0%) $324,091 (4.7%) 0.00 155
2020-02-01 $234,950 (2.5%) $320,823 (1.6%) 0.00 156
2020-03-01 $242,898 (3.4%) $347,316 (10.0%) 0.00 142
2020-04-01 $250,325 (3.4%) $344,266 (11.0%) 0.00 142
2020-05-01 $260,000 (4.1%) $357,039 (4.2%) 0.00 128
2020-06-01 $261,725 (4.7%) $366,334 (5.2%) 0.00 115
2020-07-01 $273,075 (12.9%) $371,290 (6.8%) 0.00 110
2020-08-01 $275,950 (12.7%) $367,974 (5.1%) 0.00 103
2020-09-01 $250,250 (1.1%) $334,259 (-3.5%) 0.00 93
2020-10-01 $236,500 (-5.3%) $331,502 (-4.4%) 0.00 81
2020-11-01 $227,175 (-6.5%) $311,598 (-8.1%) 0.00 85
2020-12-01 $256,425 (7.2%) $355,445 (9.0%) 0.00 74
2021-01-01 $256,275 (6.3%) $357,068 (10.2%) 0.00 68
2021-02-01 $272,450 (16.0%) $376,646 (17.4%) 0.00 63
2021-03-01 $261,300 (7.6%) $373,044 (7.4%) 0.00 56
2021-04-01 $267,125 (6.7%) $348,848 (1.3%) 0.00 54
2021-05-01 $248,750 (-4.3%) $341,312 (-4.4%) 0.00 65
2021-06-01 $230,000 (-12.1%) $323,246 (-11.8%) 0.00 66
2021-07-01 $259,000 (-5.2%) $368,688 (-0.7%) 0.00 67
2021-08-01 $254,997 (-7.6%) $370,950 (0.8%) 0.00 88
2021-09-01 $272,313 (8.8%) $373,924 (11.9%) 0.00 96
2021-10-01 $228,000 (-3.6%) $376,957 (13.7%) 0.00 89
2021-11-01 $195,741 (-13.8%) $348,068 (11.7%) 0.00 87
2021-12-01 $191,244 (-25.4%) $361,954 (1.8%) 0.00 75
2022-01-01 $198,494 (-22.6%) $348,226 (-2.5%) 0.00 61
2022-02-01 $209,944 (-22.9%) $337,224 (-10.5%) 0.00 54
2022-03-01 $277,150 (6.1%) $402,771 (8.0%) 0.00 55
2022-04-01 $314,900 (17.9%) $422,725 (21.2%) 0.00 79
2022-05-01 $309,900 (24.6%) $427,850 (25.4%) 0.00 94
2022-06-01 $297,250 (29.2%) $394,696 (22.1%) 0.00 95
2022-07-01 $297,200 (14.8%) $392,449 (6.4%) 0.00 111
2022-08-01 $277,175 (8.7%) $405,594 (9.3%) 0.00 127
2022-09-01 $264,675 (-2.8%) $387,719 (3.7%) 0.00 129
2022-10-01 $275,000 (20.6%) $386,083 (2.4%) 0.00 139
2022-11-01 $255,000 (30.3%) $364,229 (4.6%) 0.00 141
2022-12-01 $255,000 (33.3%) $339,442 (-6.2%) 0.00 140
2023-01-01 $258,675 (30.3%) $336,597 (-3.3%) 0.00 122
2023-02-01 $255,000 (21.5%) $334,122 (-0.9%) 0.00 128
2023-03-01 $258,675 (-6.7%) $369,564 (-8.2%) 0.00 137
2023-04-01 $304,500 (-3.3%) $386,330 (-8.6%) 0.00 130
2023-05-01 $325,600 (5.1%) $386,446 (-9.7%) 0.00 130
2023-06-01 $293,750 (-1.2%) $376,823 (-4.5%) 0.00 143
2023-07-01 $300,000 (0.9%) $403,538 (2.8%) 0.00 172
2023-08-01 $325,000 (17.3%) $402,451 (-0.8%) 0.00 182
2023-09-01 $310,000 (17.1%) $386,636 (-0.3%) 0.00 186
2023-10-01 $301,250 (9.6%) $377,344 (-2.3%) 0.00 192
2023-11-01 $305,000 (19.6%) $379,238 (4.1%) 0.00 186
2023-12-01 $310,000 (21.6%) $393,299 (15.9%) 0.00 187
2024-01-01 $272,450 (5.3%) $379,597 (12.8%) 0.00 188
2024-02-01 $259,450 (1.8%) $367,085 (9.9%) 0.00 195
2024-03-01 $292,000 (12.9%) $383,217 (3.7%) 0.00 184
2024-04-01 $293,750 (-3.5%) $385,004 (-0.3%) 0.00 187
2024-05-01 $308,600 (-5.2%) $406,043 (5.1%) 0.00 179
2024-06-01 $299,900 (2.1%) $396,513 (5.2%) 0.00 173
Jacksonville's median listing price for 2024-06-01 was $299,900, a difference of $6,150 (2.1%) versus the prior year and $-8,700 versus the prior month.

Jacksonville's median listing price comes in at 0% of the national average.

Jacksonville's average listing price for 2024-06-01 was $396,513, a difference of $19,690 (5.2%) versus the prior year and $-9,530 versus the prior month.

For the 2024-06-01 period, Jacksonville had 173 MLS listings, a difference of -6 listings (-3%) versus the prior month and 30 listings (21%) 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 0 days 2,048 sqft
2018-02-01 0 days 2,080 sqft
2018-03-01 0 days 2,082 sqft
2018-04-01 0 days 2,200 sqft
2018-05-01 0 days 2,175 sqft
2018-06-01 0 days 2,192 sqft
2018-07-01 0 days 2,136 sqft
2018-08-01 0 days 2,098 sqft
2018-09-01 0 days 2,094 sqft
2018-10-01 0 days 2,155 sqft
2018-11-01 0 days 2,168 sqft
2018-12-01 0 days 2,108 sqft
2019-01-01 0 days 2,009 sqft
2019-02-01 0 days 2,032 sqft
2019-03-01 0 days 2,004 sqft
2019-04-01 0 days 1,982 sqft
2019-05-01 0 days 2,180 sqft
2019-06-01 0 days 2,198 sqft
2019-07-01 0 days 2,248 sqft
2019-08-01 0 days 2,260 sqft
2019-09-01 0 days 2,263 sqft
2019-10-01 0 days 2,265 sqft
2019-11-01 0 days 2,148 sqft
2019-12-01 0 days 2,103 sqft
2020-01-01 0 days 2,120 sqft
2020-02-01 0 days 2,104 sqft
2020-03-01 0 days 2,152 sqft
2020-04-01 0 days 2,176 sqft
2020-05-01 0 days 2,250 sqft
2020-06-01 0 days 2,220 sqft
2020-07-01 0 days 2,294 sqft
2020-08-01 0 days 2,196 sqft
2020-09-01 0 days 2,057 sqft
2020-10-01 0 days 1,953 sqft
2020-11-01 0 days 1,947 sqft
2020-12-01 0 days 2,008 sqft
2021-01-01 0 days 2,023 sqft
2021-02-01 0 days 2,092 sqft
2021-03-01 0 days 2,105 sqft
2021-04-01 0 days 2,173 sqft
2021-05-01 0 days 2,076 sqft
2021-06-01 0 days 1,918 sqft
2021-07-01 0 days 2,000 sqft
2021-08-01 0 days 1,922 sqft
2021-09-01 0 days 1,913 sqft
2021-10-01 0 days 1,792 sqft
2021-11-01 0 days 1,749 sqft
2021-12-01 0 days 1,751 sqft
2022-01-01 0 days 1,724 sqft
2022-02-01 0 days 1,817 sqft
2022-03-01 0 days 2,054 sqft
2022-04-01 0 days 2,013 sqft
2022-05-01 0 days 2,007 sqft
2022-06-01 0 days 1,994 sqft
2022-07-01 0 days 1,987 sqft
2022-08-01 0 days 1,920 sqft
2022-09-01 0 days 1,889 sqft
2022-10-01 0 days 1,907 sqft
2022-11-01 0 days 1,790 sqft
2022-12-01 0 days 1,690 sqft
2023-01-01 0 days 1,743 sqft
2023-02-01 0 days 1,649 sqft
2023-03-01 0 days 1,684 sqft
2023-04-01 0 days 1,793 sqft
2023-05-01 0 days 1,864 sqft
2023-06-01 0 days 1,799 sqft
2023-07-01 0 days 1,922 sqft
2023-08-01 0 days 1,935 sqft
2023-09-01 0 days 1,864 sqft
2023-10-01 0 days 1,803 sqft
2023-11-01 0 days 1,799 sqft
2023-12-01 0 days 1,794 sqft
2024-01-01 0 days 1,764 sqft
2024-02-01 0 days 1,697 sqft
2024-03-01 0 days 1,751 sqft
2024-04-01 0 days 1,783 sqft
2024-05-01 0 days 1,799 sqft
2024-06-01 0 days 1,850 sqft
Jacksonville's median listing age (time on market) for 2024-06-01 was 0 days.

Jacksonville's median square footage for active listings during the 2024-06-01 period was 1,850 sqft. One year prior, the average listing was 1,799 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.