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.
January 24, 2020
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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Jacksonville. Understand how much you need to earn to afford a home in Jacksonville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Jacksonville fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Jacksonville is right for you.
The median home value for Jacksonville, FL (Duval County) is $221,175
Based on current mortgage rates and a 10% down payment, you need to make $39,806 per year to buy the median priced home in Jacksonville
With this income, you could qualify for a $199,057 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Jacksonville is $922
The median household income for Jacksonville, FL (Duval County) is $54,099
Based on this income, you can afford a home valued at approximately $300,593
The home price you can afford to buy based on household income in Jacksonville is 136% of the median home value which means housing prices are average. Jacksonville (Duval County) ranks 40 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
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
FHA loan limits for Jacksonville, FL
VA loan limits for Jacksonville, FL