Vineland FHA Loan Rates, Closing Costs & Stats

VINELAND-BRIDGETON, NJ

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Vineland's 78 lenders originated 694 FHA loans during 2024. The total origination value was $171,170,000, with an average FHA loan value of $246,643.

    Vineland FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Vineland averaged 0.33% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Vineland's average FHA mortgage closing costs are $8,016.

    The average rate for the prior week (2025-06-13) was 6.71% and one month ago for the week of 2025-05-16, the average rate was 7.07%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.15%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Vineland FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Vineland level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    NATION ONE MORTGAGE CORPORATION 183 6.46% $13,732
    QUICKEN LOANS, LLC 54 6.37% $11,224
    CARDINAL FINANCIAL 31 6.89% $11,828
    GREENTREE MORTGAGE COMPANY, L.P. 28 6.57% $8,972
    Gateway First Bank 27 6.23% $10,392
    CROSSCOUNTRY MORTGAGE, LLC 25 6.61% $12,577
    UNITED WHOLESALE MORTGAGE, LLC 20 6.06% $12,718
    NFM, INC. 19 6.51% $9,843
    FREEDOM MORTGAGE CORPORATION 14 6.51% $11,339
    PENNYMAC LOAN SERVICES, LLC 11 5.94% $10,337
    Acre Mortgage and Financial Inc 11 6.60% $14,894
    ABSOLUTE HOME MORTGAGE CORPORATION 10 6.63% $12,451
    AMERICAN FINANCIAL NETWORK, INC. 10 6.75% $9,808
    Prosperity Home Mortgage, LLC 10 6.43% $8,719
    CMG MORTGAGE, INC. 9 6.89% $9,994
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 9 6.60% $12,801
    Mr. Cooper ( Nationstar Mortgage ) 8 6.55% $14,264
    Advisors Mortgage Group, L.L.C. 7 6.38% $9,231
    Paramount Residential Mortgage Group, Inc. 7 6.07% $12,308
    NEWREZ LLC 7 6.34% $9,114
    BROKER SOLUTIONS, INC. 6 6.75% $10,563
    Equity Prime Mortgage LLC 5 6.88% $11,388
    1st Colonial Community Bank 5 6.58% $7,877
    GUARANTEED RATE, INC. 5 6.72% $9,358
    EMM LOANS LLC 4 7.13% $12,373
    PLANET HOME LENDING, LLC 4 5.81% $8,375
    ALLIED MORTGAGE GROUP, INC. 4 6.34% $9,641
    LOANDEPOT.COM, LLC 4 6.43% $13,322
    MOVEMENT MORTGAGE, LLC 4 6.69% $10,306
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.63% $11,747
    LOANPAL, LLC 3 5.50% $12,937
    AmeriHome Mortgage Company, LLC 3 6.29% $7,970
    AMERISAVE MORTGAGE CORPORATION 3 6.42% $14,191
    Carrington Mortgage Services, LLC 3 5.96% $13,549
    Flagstar Bank, FSB 3 5.57% $11,764
    Lakeview Community Capital, LLC 3 6.54% $10,778
    Meridian Bank Corporation 3 6.96% $12,256
    NJ LENDERS CORP. 3 6.63% $9,696
    OceanFirst Bank 3 6.00% $9,808
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.21% $17,472
    The Federal Savings Bank 3 6.71% $13,754
    VILLAGE CAPITAL MORTGAGE 2 6.50% $3,657
    Fulton Bank 2 5.94% $8,833
    PHH Mortgage Corporation 2 6.88% $11,194
    First Citizens Community Bank 2 6.25% $8,937
    Plains Commerce Bank 2 6.63% $19,903
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.50% $14,277
    PLAZA HOME MORTGAGE, INC. 2 7.75% $12,048
    HOMESIDE FINANCIAL, LLC 2 5.75% $16,066
    US MORTGAGE CORPORATION 2 6.81% $14,795
    TD Bank 2 6.69% $8,093
    Citizens Bank 1 6.75% $8,533
    PINNACLE MORTGAGE, INC. 1 6.25% $10,291
    Barrington Bank & Trust Company, N.A. 1 6.75% $10,097
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.50% $9,189
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.00% $13,378
    AmRes Corporation 1 7.13% $16,010
    RELIANCE FIRST CAPITAL, LLC 1 6.25% $12,587
    Residential Mortgage Solutions, Inc. 1 5.63% $10,709
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $9,423
    TIDEWATER MORTGAGE SERVICES, INC. 1 5.38% $12,790
    TJC Mortgage, Inc. 1 5.75% $21,013
    Truist 1 6.25% $7,065
    LADERA LENDING, INC. 1 6.75% $12,004
    UNION HOME MORTGAGE CORP. 1 5.99% $11,809
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $7,622
    Home Mortgage Alliance Corp 1 6.38% $16,721
    MLB RESIDENTIAL LENDING, LLC 1 6.13% $19,207
    UNITED MORTGAGE CORP 1 6.75% $19,823
    MORTGAGE ACCESS CORP. 1 7.13% $13,375
    GENEVA FINANCIAL, LLC 1 6.75% $19,292
    Nations Lending Corporation 1 6.25% $15,324
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $22,330
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.75% $8,402
    EMBRACE HOME LOANS, INC. 1 6.75% $8,028
    U.S. Bank 1 6.63% $7,383
    OCEANSIDE MORTGAGE COMPANY 1 6.75% $5,569
    DEVELOPER'S MORTGAGE COMPANY 1 6.25% $10,345

    The top Vineland FHA lender as defined by loan originations is NATION ONE MORTGAGE CORPORATION, with 183 FHA loans originated. Their average total fees are $13,732, which is $2,508 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Vineland FHA lenders (with over 10 loans originated) are Prosperity Home Mortgage, LLC ($8,719), GREENTREE MORTGAGE COMPANY, L.P. ($8,972), AMERICAN FINANCIAL NETWORK, INC. ($9,808), NFM, INC. ($9,843) and PENNYMAC LOAN SERVICES, LLC ($10,337).

    The lowest rate Vineland FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.94%), UNITED WHOLESALE MORTGAGE, LLC (6.06%), Gateway First Bank (6.23%), QUICKEN LOANS, LLC (6.37%) and Prosperity Home Mortgage, LLC (6.43%).

    Vineland FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    VINELAND-BRIDGETON, NJ CUMBERLAND 2022 $420,680 $538,650 $651,050 $809,150
    VINELAND-BRIDGETON, NJ CUMBERLAND 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).