Compare mortgage rates and fees for leading lenders in Vineland, NJ. 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 Vineland.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Vineland. Plus, shopping lenders is free and there is no obligation.
December 11, 2019
The current average rate for a 30 year fixed rate mortgage in Vineland 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%
The median home value for Vineland, NJ (Cumberland County) is $164,856
The median household income for Vineland, NJ (Cumberland County) is $51,529
Based on current mortgage rates and a 10% down payment, you need to make $30,586 per year to buy the median priced home in Vineland
The home price you can afford to buy based on household income in Vineland is 168% of the median home value which means housing prices are average
Vineland (Cumberland County) ranks 6 out of 21 counties in New Jersey and 2,222 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Vineland, NJ is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Vineland (Cumberland County) below.
Conforming loan limits for Vineland, NJ
FHA loan limits for Vineland, NJ
VA loan limits for Vineland, NJ
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