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Best Jacksonville Mortgage Lenders of 2019

Feb. 22, 2019
Finding the Right Mortgage, Mortgages
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Jacksonville, Florida, can measure its appeal by the numbers. It has an average commute time of just 25 minutes and 24 annual music festivals. The sun shines on more than 90 miles of area beaches 220 days of the year. An equally impressive number of companies serve the mortgage needs of the 1.6 million residents in the seven-county area.

Because there is a significant military presence across the First Coast, lenders that specialize in mortgages guaranteed by the Department of Veterans Affairs and that cater to first-time home buyers are in high demand.

The challenge for borrowers who want to comparison shop is finding a workable number of high-performing loan providers.

» MORE: Find out about Florida first-time home buyer programs

To help, NerdWallet has narrowed the field to some of the best-rated lenders we’ve reviewed in various borrower categories. We’ve highlighted some local favorites, too. All are among the mortgage lenders that do the most business in Jacksonville.

NerdWallet’s best Jacksonville mortgage lenders

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at Rocket Mortgage

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for anyone who appreciates smartphone app service, support and time savings. A fully digital home loan experience with a large variety of mortgage products.

 

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at Navy Federal

National / regional

National

Min. down payment

0%

Why we like it

Ideal for military members and their families. Navy Federal Credit Union offers a wide range of mortgage products and low minimum loan amounts, and considers alternative credit data.

 

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at PrimeLending

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers looking for help with closing costs: PrimeLending's proprietary program, NeighborhoodEdge, helps qualified low- to moderate-income borrowers with up to $2,000 in closing cost credits (certain restrictions are based on income and location).

 

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at Bank of America

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers who prefer a traditional bank. Bank of America offers a wide array of mortgages and online account management tools. It also has first-time home buyer loans with low down payments and no mandatory mortgage insurance.

 

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at loanDepot

Min. credit score

620

Min. down payment

3.5%

Why we like it

Ideal for borrowers looking to get a mortgage with help from a loan officer. Digital back-office operations are said to add efficiency to the loan process.

 

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for first-time home buyers, including those with little money saved for a down payment. SunTrust's online portal offers information and tools in English and in Spanish.

 

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at Chase

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for first-time home buyers who want to talk to a loan officer in person or on the phone, and for homeowners who want to refinance their mortgages in 60 days or less. Chase offers a full line of mortgage products and account management tools.

 

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at Flagstar

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for those who appreciate the full-service experience of a leading regional bank. Flagstar offers a full menu of fixed and adjustable home loans and mortgage refinancing, as well as jumbo loans and home equity financing.

 

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at USAA

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for military members and their relatives who are interested in a VA loan.

 

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at Caliber Home

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for first-time home buyers, veterans and those who may have credit challenges to overcome.

 

» MORE: Check Jacksonville mortgage rates

Local mortgage lenders in Jacksonville

It’s always a good idea to include a local lender or two in your search for the best mortgage deal. These Jacksonville companies are among the highest-volume mortgage lenders in northeast Florida, though they have not been reviewed by NerdWallet.

Vystar Credit Union

  • The largest credit union based in northeast Florida and the second-largest mortgage lender in the region by loan volume.
  • Will pay up to $5,000 in borrower closing costs on certain home loans.
  • Makes credit union membership available to those who live or work in the Jacksonville area.

TIAA Bank

  • While now splashed across the Jacksonville Jaguars’ stadium, many will recognize the bank’s legacy brand as a provider of teacher retirement programs.
  • Allows you to lock your interest rate before you find a home to purchase.
  • Offers a one-closing construction loan that allows for an 18-month building phase and long-term interest rate lock.

Bank of England

  • While the name may seem to imply otherwise, every loan decision is made within the local branch.
  • Claims to close loans “50% faster than the national average.”
  • Offers bond loans to assist with closing costs.

DHI Mortgage

  • Started as the in-house lender for a leading homebuilder.
  • Offers a program to help credit-challenged buyers qualify for homeownership.
  • Offers an online pre-qualification form to start the homebuying process.

Best Jacksonville mortgage lenders: Summary

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