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 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 7.08% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 7.11% and one month ago for the week of 2024-03-15, the average rate was 6.87%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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
    Jacksonville's median listing price for 2024-03-01 was $292,000, a difference of $33,325 (12.9%) versus the prior year and $32,550 versus the prior month.

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

    Jacksonville's average listing price for 2024-03-01 was $383,217, a difference of $13,653 (3.7%) versus the prior year and $16,132 versus the prior month.

    For the 2024-03-01 period, Jacksonville had 184 MLS listings, a difference of -11 listings (-6%) versus the prior month and 47 listings (34%) 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
    Jacksonville's median listing age (time on market) for 2024-03-01 was 0 days.

    Jacksonville's median square footage for active listings during the 2024-03-01 period was 1,751 sqft. One year prior, the average listing was 1,684 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.