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 25 lenders originated 48 VA loans during 2022. The total origination value was $13,540,000, with an average VA loan value of $282,083.

Jacksonville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Jacksonville averaged 6.82% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

Jacksonville's average VA mortgage closing costs are $5,431.

The average rate for the prior week (2023-09-15) was 6.6% and one month ago for the week of 2023-08-18, the average rate was 6.88%.

The average rate one year ago was 5.65%.

For refis of the same type during the week of 2023-09-22, the average rate was 6.12%.

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/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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 10 4.48% $4,806
FINANCE OF AMERICA MORTGAGE LLC 4 5.28% $6,587
CMG MORTGAGE, INC. 3 5.92% $6,962
USAA Federal Savings Bank 3 4.54% $13,027
CALIBER HOME LOANS, INC. 2 4.29% $12,297
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 4.75% $5,408
FREEDOM MORTGAGE CORPORATION 2 3.50% $2,908
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.19% $6,266
NAVY FEDERAL CREDIT UNION 1 2.25% $4,852
NBKC BANK 1 4.88% $12,418
NEWREZ LLC 1 6.99% $3,635
North American Savings Bank, F.S.B. 1 4.50% $8,534
PENNYMAC LOAN SERVICES, LLC 1 3.49% $12,538
PLANET HOME LENDING, LLC 1 2.75% $3,238
Prosperity Home Mortgage, LLC 1 5.63% $2,806
QUICKEN LOANS, LLC 1 5.63% $4,211
Austin Bank, Texas 1 3.50% $11,164
Wells Fargo Bank 1 5.25% $5,900
Citizens Bank 1 5.25% $13,238
EVERETT FINANCIAL, INC. 1 3.38% $19,980
Gateway First Bank 1 3.40% $12,780
GUARANTEED RATE, INC. 1 6.00% $10,467
GUILD MORTGAGE COMPANY 1 5.63% $5,620
INTERLINC MORTGAGE SERVICES, LLC 1 5.75% $11,154
NATIONS RELIABLE LENDING, LLC 1 5.63% $6,364

The top Jacksonville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $4,806, which is $1,781 lower than the next largest lender, FINANCE OF AMERICA MORTGAGE LLC.

The lowest fee Jacksonville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,806), .

The lowest rate Jacksonville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (4.48%), .


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 $212,500 (11.1%) $297,778 (12.5%) 0.00 174
2018-02-01 $209,475 (7.6%) $313,142 (19.5%) 0.00 179
2018-03-01 $225,900 (3.2%) $319,967 (9.3%) 0.00 181
2018-04-01 $226,225 (-2.7%) $323,721 (8.9%) 0.00 181
2018-05-01 $235,250 (-4.8%) $328,708 (8.3%) 0.00 178
2018-06-01 $240,500 (-7.0%) $330,162 (2.0%) 0.00 184
2018-07-01 $244,975 (0.0%) $316,511 (-0.2%) 0.00 202
2018-08-01 $241,875 (7.0%) $309,224 (2.5%) 0.00 200
2018-09-01 $239,000 (16.9%) $314,186 (9.4%) 0.00 196
2018-10-01 $235,500 (19.3%) $299,989 (5.8%) 0.00 182
2018-11-01 $235,000 (17.9%) $310,131 (10.1%) 0.00 189
2018-12-01 $234,750 (9.9%) $309,085 (6.4%) 0.00 182
2019-01-01 $232,000 (9.2%) $308,065 (3.5%) 0.00 176
2019-02-01 $229,500 (9.6%) $314,855 (0.6%) 0.00 169
2019-03-01 $236,143 (4.5%) $314,851 (-1.6%) 0.00 177
2019-04-01 $242,268 (7.1%) $308,952 (-4.6%) 0.00 195
2019-05-01 $249,700 (6.1%) $340,402 (3.6%) 0.00 206
2019-06-01 $249,900 (3.9%) $347,200 (5.2%) 0.00 196
2019-07-01 $241,459 (-1.4%) $347,679 (9.9%) 0.00 179
2019-08-01 $244,918 (1.3%) $349,517 (13.0%) 0.00 174
2019-09-01 $247,495 (3.6%) $343,255 (9.3%) 0.00 163
2019-10-01 $249,375 (5.9%) $341,096 (13.7%) 0.00 150
2019-11-01 $243,000 (3.4%) $332,574 (7.2%) 0.00 155
2019-12-01 $237,125 (1.0%) $325,252 (5.2%) 0.00 165
2020-01-01 $239,995 (3.5%) $323,215 (4.9%) 0.00 151
2020-02-01 $234,900 (2.4%) $320,855 (1.9%) 0.00 153
2020-03-01 $241,095 (2.1%) $344,873 (9.5%) 0.00 140
2020-04-01 $247,600 (2.2%) $341,651 (10.6%) 0.00 140
2020-05-01 $259,995 (4.1%) $355,191 (4.3%) 0.00 126
2020-06-01 $260,000 (4.0%) $364,017 (4.8%) 0.00 112
2020-07-01 $261,450 (8.3%) $369,008 (6.1%) 0.00 107
2020-08-01 $269,220 (9.9%) $368,163 (5.3%) 0.00 101
2020-09-01 $244,893 (-1.1%) $332,767 (-3.1%) 0.00 89
2020-10-01 $236,000 (-5.4%) $330,193 (-3.2%) 0.00 79
2020-11-01 $217,500 (-10.5%) $312,421 (-6.1%) 0.00 82
2020-12-01 $256,269 (8.1%) $355,639 (9.3%) 0.00 72
2021-01-01 $256,275 (6.8%) $357,046 (10.5%) 0.00 66
2021-02-01 $268,225 (14.2%) $376,763 (17.4%) 0.00 62
2021-03-01 $258,600 (7.3%) $371,357 (7.7%) 0.00 56
2021-04-01 $262,375 (6.0%) $345,274 (1.1%) 0.00 55
2021-05-01 $248,500 (-4.4%) $340,264 (-4.2%) 0.00 64
2021-06-01 $230,000 (-11.5%) $321,939 (-11.6%) 0.00 65
2021-07-01 $254,000 (-2.9%) $368,146 (-0.2%) 0.00 66
2021-08-01 $254,747 (-5.4%) $371,720 (1.0%) 0.00 86
2021-09-01 $267,500 (9.2%) $370,387 (11.3%) 0.00 94
2021-10-01 $225,000 (-4.7%) $375,065 (13.6%) 0.00 87
2021-11-01 $195,219 (-10.2%) $347,785 (11.3%) 0.00 87
2021-12-01 $188,994 (-26.3%) $361,286 (1.6%) 0.00 75
2022-01-01 $197,988 (-22.7%) $347,200 (-2.8%) 0.00 60
2022-02-01 $209,822 (-21.8%) $336,114 (-10.8%) 0.00 53
2022-03-01 $274,300 (6.1%) $402,328 (8.3%) 0.00 54
2022-04-01 $286,250 (9.1%) $429,392 (24.4%) 0.00 65
2022-05-01 $274,975 (10.7%) $434,300 (27.6%) 0.00 82
2022-06-01 $259,475 (12.8%) $393,955 (22.4%) 0.00 86
2022-07-01 $278,900 (9.8%) $392,447 (6.6%) 0.00 100
2022-08-01 $264,450 (3.8%) $404,421 (8.8%) 0.00 119
2022-09-01 $252,500 (-5.6%) $384,197 (3.7%) 0.00 116
2022-10-01 $269,900 (20.0%) $384,821 (2.6%) 0.00 134
2022-11-01 $255,000 (30.6%) $361,693 (4.0%) 0.00 138
2022-12-01 $255,000 (34.9%) $336,679 (-6.8%) 0.00 136
2023-01-01 $255,000 (28.8%) $332,666 (-4.2%) 0.00 118
2023-02-01 $255,000 (21.5%) $330,253 (-1.7%) 0.00 119
2023-03-01 $255,000 (-7.0%) $365,511 (-9.2%) 0.00 123
2023-04-01 $259,950 (-9.2%) $385,225 (-10.3%) 0.00 120
2023-05-01 $310,000 (12.7%) $384,715 (-11.4%) 0.00 120
2023-06-01 $271,000 (4.4%) $375,979 (-4.6%) 0.00 134
2023-07-01 $279,800 (0.3%) $401,591 (2.3%) 0.00 156
2023-08-01 $325,000 (22.9%) $402,451 (-0.5%) 0.00 182
Jacksonville's median listing price for 2023-08-01 was $325,000, a difference of $60,550 (22.9%) versus the prior year and $45,200 versus the prior month.

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

Jacksonville's average listing price for 2023-08-01 was $402,451, a difference of $-1,970 (-0.5%) versus the prior year and $860 versus the prior month.

For the 2023-08-01 period, Jacksonville had 182 MLS listings, a difference of 26 listings (17%) versus the prior month and 63 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 0 days 2,050 sqft
2018-02-01 0 days 2,092 sqft
2018-03-01 0 days 2,211 sqft
2018-04-01 0 days 2,220 sqft
2018-05-01 0 days 2,180 sqft
2018-06-01 0 days 2,194 sqft
2018-07-01 0 days 2,149 sqft
2018-08-01 0 days 2,111 sqft
2018-09-01 0 days 2,094 sqft
2018-10-01 0 days 2,155 sqft
2018-11-01 0 days 2,165 sqft
2018-12-01 0 days 2,094 sqft
2019-01-01 0 days 2,006 sqft
2019-02-01 0 days 2,022 sqft
2019-03-01 0 days 1,994 sqft
2019-04-01 0 days 1,978 sqft
2019-05-01 0 days 2,160 sqft
2019-06-01 0 days 2,181 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 2,120 sqft
2019-12-01 0 days 2,085 sqft
2020-01-01 0 days 2,108 sqft
2020-02-01 0 days 2,100 sqft
2020-03-01 0 days 2,148 sqft
2020-04-01 0 days 2,152 sqft
2020-05-01 0 days 2,233 sqft
2020-06-01 0 days 2,208 sqft
2020-07-01 0 days 2,235 sqft
2020-08-01 0 days 2,192 sqft
2020-09-01 0 days 2,032 sqft
2020-10-01 0 days 1,925 sqft
2020-11-01 0 days 1,939 sqft
2020-12-01 0 days 2,004 sqft
2021-01-01 0 days 2,012 sqft
2021-02-01 0 days 2,074 sqft
2021-03-01 0 days 2,094 sqft
2021-04-01 0 days 2,112 sqft
2021-05-01 0 days 2,064 sqft
2021-06-01 0 days 1,874 sqft
2021-07-01 0 days 2,000 sqft
2021-08-01 0 days 1,922 sqft
2021-09-01 0 days 1,907 sqft
2021-10-01 0 days 1,792 sqft
2021-11-01 0 days 1,755 sqft
2021-12-01 0 days 1,751 sqft
2022-01-01 0 days 1,720 sqft
2022-02-01 0 days 1,800 sqft
2022-03-01 0 days 2,038 sqft
2022-04-01 0 days 2,015 sqft
2022-05-01 0 days 2,008 sqft
2022-06-01 0 days 1,980 sqft
2022-07-01 0 days 1,948 sqft
2022-08-01 0 days 1,906 sqft
2022-09-01 0 days 1,861 sqft
2022-10-01 0 days 1,892 sqft
2022-11-01 0 days 1,703 sqft
2022-12-01 0 days 1,668 sqft
2023-01-01 0 days 1,684 sqft
2023-02-01 0 days 1,577 sqft
2023-03-01 0 days 1,628 sqft
2023-04-01 0 days 1,732 sqft
2023-05-01 0 days 1,779 sqft
2023-06-01 0 days 1,785 sqft
2023-07-01 0 days 1,881 sqft
2023-08-01 0 days 1,935 sqft
Jacksonville's median listing age (time on market) for 2023-08-01 was 0 days.

Jacksonville's median square footage for active listings during the 2023-08-01 period was 1,935 sqft. One year prior, the average listing was 1,906 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.