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Vineland

Current Mortgage Rates in Vineland, New Jersey

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.

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Mortgage Rates in Vineland, NJ as of August 19, 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 Vineland, NJ Mortgage Rates Compare?

August 19, 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%

Mortgage Program
Today's
Vineland, NJ Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Vineland, New Jersey?

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 by 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

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Loan Limits for Vineland, New Jersey

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

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

FHA loan limits for Vineland, NJ

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Vineland, NJ

1 unit: $484,350

Additional Mortgage Resources for Vineland, NJ 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