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Jacksonville

Current Mortgage Rates in Jacksonville, Florida

Compare mortgage rates and fees for leading lenders in Jacksonville, FL. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Jacksonville.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Jacksonville. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Jacksonville, FL as of December 11, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Jacksonville, FL Mortgage Rates Compare?

December 11, 2019

The current average rate for a 30 year fixed rate mortgage in Jacksonville is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Jacksonville, FL Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Jacksonville, Florida?

The median home value for Jacksonville, FL (Duval County) is $207,093

The median household income for Jacksonville, FL (Duval County) is $52,864

Based on current mortgage rates and a 10% down payment, you need to make $38,422 per year to buy the median priced home in Jacksonville

The home price you can afford to buy based on household income in Jacksonville is 138% of the median home value which means housing prices are average

Jacksonville (Duval County) ranks 41 out of 67 counties in Florida and 2,714 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Jacksonville, FL is average

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Loan Limits for Jacksonville, Florida

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Jacksonville (Duval County) below.

Conforming loan limits for Jacksonville, FL

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Jacksonville, FL

1 unit: $358,800
2 units: $459,300
3 units: $555,200
4 units: $690,000

VA loan limits for Jacksonville, FL

1 unit: $484,350

Additional Mortgage Resources for Jacksonville, FL Residents

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Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index