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.
July 9, 2020
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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Vineland. Understand how much you need to earn to afford a home in Vineland, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Vineland 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 Vineland is right for you.
The median home value for Vineland, NJ (Cumberland County) is $173,923
Based on current mortgage rates and a 10% down payment, you need to make $31,302 per year to buy the median priced home in Vineland
With this income, you could qualify for a $156,530 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 Vineland is $725
The median household income for Vineland, NJ (Cumberland County) is $52,732
Based on this income, you can afford a home valued at approximately $292,998
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 2,206 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