Jacksonville VA Loan Rates, Closing Costs & Stats

Jacksonville, TX

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    • 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.