JACKSONVILLE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jacksonville averaged
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was 7.1% and one month ago for the week of 2023-10-19, the average rate was 7.09%.
Jacksonville's average rate one year ago was 6.37%.
For refis of the same type during the week of 2023-11-22, the average rate was 6.44%.
|US 30 Year Fixed Rate||2023-11-22||7.29%|
|Jacksonville 30 Year Fixed Rate||2023-11-22||7.15%|
|Jacksonville 30 Year Fixed Rate Refi||2023-11-22||6.44%|
|Jacksonville 15 Year Fixed Rate||2023-11-22||6.55%|
|Jacksonville 15 Year Fixed Rate Refi||2023-11-22||5.16%|
|Jacksonville 30 Year FHA||2023-11-22||-0.33%|
|Jacksonville 30 Year FHA Refi||2023-11-22||-1.58%|
|Jacksonville 30 Year USDA||2023-11-22||0.1%|
|Jacksonville 30 Year USDA Refi||2023-11-22||0%|
|Jacksonville 30 Year VA||2023-11-22||-0.68%|
|Jacksonville 30 Year VA Refi||2023-11-22||-2.2%|
JACKSONVILLE Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the JACKSONVILLE, FL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
JACKSONVILLE Average Closing Costs & Other Stats
JACKSONVILLE, FL's 612 lenders originated 56,180
loans during 2022. The total origination value was $17,498,950,000, with an average loan value of
JACKSONVILLE's average closing costs are $5,930.
The top JACKSONVILLE lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,940 loans originated. Their average total fees are $7,513, which is $108 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee JACKSONVILLE lenders (with over 10 loans originated) are Discover Bank ($0), CHERRY CREEK MORTGAGE, LLC ($728), HOMEAMERICAN MORTGAGE CORPORATION ($1,764), VYSTAR ($2,171) and Third Federal Savings and Loan Association of Cleveland ($2,405).
The lowest rate JACKSONVILLE lenders (with over 10 loans originated) are Raymond James Bank (3.50%), SOFI LENDING CORP. (3.51%), United Nations Federal Credit Union (3.65%), Third Federal Savings and Loan Association of Cleveland (3.69%) and Chicago Mortgage Solutions LLC (3.72%).
JACKSONVILLE, FL Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
|Name||2021 Loan Value||2022 Loan Value||% Change||2022 Market Share|
|UNITED WHOLESALE MORTGAGE, LLC||$1,366,825,000||$1,231,505,000||-9.9%||7.0%|
|QUICKEN LOANS, LLC||$1,892,270,000||$1,002,580,000||-47.0%||5.7%|
|Wells Fargo Bank||$1,286,610,000||$505,245,000||-60.7%||2.9%|
|DHI MORTGAGE COMPANY, LTD.||$410,730,000||$458,600,000||11.7%||2.6%|
|NAVY FEDERAL CREDIT UNION||$515,935,000||$429,825,000||-16.7%||2.5%|
|JET HOMELOANS, LLC||$360,715,000||$374,365,000||3.8%||2.1%|
|Bank of England||$543,695,000||$335,420,000||-38.3%||1.9%|
|EAGLE HOME MORTGAGE, LLC||$342,750,000||$315,540,000||-7.9%|