Vineland USDA Loan Rates, Closing Costs & Stats

VINELAND-BRIDGETON, NJ

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Vineland's 9 lenders originated 21 USDA loans during 2022. The total origination value was $4,655,000, with an average USDA loan value of $221,667.

Vineland USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Vineland averaged -0.49% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Vineland's average USDA mortgage closing costs are $5,690.

The average rate for the prior week (2024-02-16) was 6.38% and one month ago for the week of 2024-01-19, the average rate was 6.17%.

The average rate one year ago was 6.07%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.03%.

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

Vineland USDA Loan Lenders by Rates & Fees

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

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FINANCE OF AMERICA MORTGAGE LLC 12 4.38% $7,286
CALIBER HOME LOANS, INC. 2 5.19% $5,154
EMM LOANS LLC 1 4.50% $8,667
NATION ONE MORTGAGE CORPORATION 1 5.63% $13,105
Prosperity Home Mortgage, LLC 1 4.99% $7,663
Republic Bank 1 6.00% $5,622
ALLIED MORTGAGE GROUP, INC. 1 5.25% $5,644
UNITED WHOLESALE MORTGAGE, LLC 1 4.13% $21,568
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.63% $8,163

The top Vineland USDA lender as defined by loan originations is FINANCE OF AMERICA MORTGAGE LLC, with 12 USDA loans originated. Their average total fees are $7,286, which is $2,132 higher than the next largest lender, CALIBER HOME LOANS, INC..

The lowest fee Vineland USDA lenders (with over 10 loans originated) are FINANCE OF AMERICA MORTGAGE LLC ($7,286), .

The lowest rate Vineland USDA lenders (with over 10 loans originated) are FINANCE OF AMERICA MORTGAGE LLC (4.38%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Vineland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $129,225 (-0.6%) $142,288 (-3.8%) 0.00 724
2018-02-01 $129,450 (-0.4%) $141,315 (-6.1%) 0.00 731
2018-03-01 $132,700 (-2.4%) $142,511 (-6.4%) 0.00 731
2018-04-01 $129,450 (-5.5%) $142,426 (-7.4%) 0.00 767
2018-05-01 $139,900 (2.1%) $152,885 (-1.5%) 0.00 741
2018-06-01 $139,900 (0.7%) $151,806 (-3.2%) 0.00 780
2018-07-01 $140,000 (0.1%) $152,700 (-3.3%) 0.00 802
2018-08-01 $139,950 (0.0%) $357,723 (131.0%) 0.00 844
2018-09-01 $142,500 (5.6%) $359,823 (137.7%) 0.00 837
2018-10-01 $141,725 (7.6%) $152,303 (2.3%) 0.00 829
2018-11-01 $139,900 (7.7%) $151,967 (5.0%) 0.00 815
2018-12-01 $135,000 (3.9%) $150,585 (4.7%) 0.00 781
2019-01-01 $134,950 (4.4%) $148,009 (4.0%) 0.00 739
2019-02-01 $135,450 (4.6%) $150,334 (6.4%) 0.00 757
2019-03-01 $139,186 (4.9%) $152,714 (7.2%) 0.00 754
2019-04-01 $139,900 (8.1%) $154,662 (8.6%) 0.00 743
2019-05-01 $142,500 (1.9%) $158,924 (4.0%) 0.00 746
2019-06-01 $145,000 (3.7%) $161,137 (6.2%) 0.00 773
2019-07-01 $148,475 (6.1%) $161,980 (6.1%) 0.00 782
2019-08-01 $146,091 (4.4%) $183,659 (-48.7%) 0.00 756
2019-09-01 $147,727 (3.7%) $172,111 (-52.2%) 0.00 721
2019-10-01 $147,268 (3.9%) $163,222 (7.2%) 0.00 695
2019-11-01 $145,000 (3.7%) $160,775 (5.8%) 0.00 670
2019-12-01 $139,950 (3.7%) $159,813 (6.1%) 0.00 630
2020-01-01 $144,750 (7.3%) $161,392 (9.0%) 0.00 582
2020-02-01 $150,000 (10.7%) $164,698 (9.6%) 0.00 577
2020-03-01 $150,000 (7.8%) $167,829 (9.9%) 0.00 573
2020-04-01 $151,725 (8.5%) $171,175 (10.7%) 0.00 517
2020-05-01 $160,000 (12.3%) $205,239 (29.1%) 0.00 480
2020-06-01 $158,850 (9.6%) $212,251 (31.7%) 0.00 402
2020-07-01 $154,450 (4.0%) $216,166 (33.5%) 0.00 356
2020-08-01 $157,000 (7.5%) $224,726 (22.4%) 0.00 329
2020-09-01 $159,900 (8.2%) $240,816 (39.9%) 0.00 328
2020-10-01 $164,900 (12.0%) $252,801 (54.9%) 0.00 316
2020-11-01 $169,325 (16.8%) $257,651 (60.3%) 0.00 335
2020-12-01 $167,750 (19.9%) $267,167 (67.2%) 0.00 302
2021-01-01 $160,000 (10.5%) $262,826 (62.9%) 0.00 296
2021-02-01 $160,000 (6.7%) $220,196 (33.7%) 0.00 256
2021-03-01 $162,500 (8.3%) $228,459 (36.1%) 0.00 240
2021-04-01 $168,650 (11.2%) $231,728 (35.4%) 0.00 223
2021-05-01 $179,000 (11.9%) $233,978 (14.0%) 0.00 203
2021-06-01 $189,900 (19.6%) $232,198 (9.4%) 0.00 236
2021-07-01 $192,000 (24.3%) $239,930 (11.0%) 0.00 279
2021-08-01 $191,950 (22.3%) $244,495 (8.8%) 0.00 328
2021-09-01 $189,950 (18.8%) $245,373 (1.9%) 0.00 317
2021-10-01 $190,000 (15.2%) $331,914 (31.3%) 0.00 316
2021-11-01 $190,950 (12.8%) $330,703 (28.4%) 0.00 308
2021-12-01 $198,000 (18.0%) $349,415 (30.8%) 0.00 280
2022-01-01 $199,000 (24.4%) $381,184 (45.0%) 0.00 232
2022-02-01 $192,500 (20.3%) $386,479 (75.5%) 0.00 232
2022-03-01 $199,925 (23.0%) $402,532 (76.2%) 0.00 216
2022-04-01 $199,900 (18.5%) $379,436 (63.7%) 0.00 225
2022-05-01 $217,200 (21.3%) $373,350 (59.6%) 0.00 259
2022-06-01 $226,000 (19.0%) $363,160 (56.4%) 0.00 285
2022-07-01 $230,000 (19.8%) $355,950 (48.4%) 0.00 313
2022-08-01 $230,000 (19.8%) $353,394 (44.5%) 0.00 323
2022-09-01 $239,900 (26.3%) $360,339 (46.9%) 0.00 313
2022-10-01 $245,000 (29.0%) $366,486 (10.4%) 0.00 314
2022-11-01 $244,175 (27.9%) $366,090 (10.7%) 0.00 305
2022-12-01 $242,250 (22.4%) $382,170 (9.4%) 0.00 287
2023-01-01 $238,450 (19.8%) $392,171 (2.9%) 0.00 252
2023-02-01 $240,000 (24.7%) $415,918 (7.6%) 0.00 220
2023-03-01 $250,000 (25.1%) $425,687 (5.8%) 0.00 203
2023-04-01 $269,900 (35.0%) $466,801 (23.0%) 0.00 180
2023-05-01 $254,975 (17.4%) $443,199 (18.7%) 0.00 187
2023-06-01 $259,450 (14.8%) $430,330 (18.5%) 0.00 201
2023-07-01 $249,900 (8.7%) $440,864 (23.9%) 0.00 195
2023-08-01 $258,450 (12.4%) $428,479 (21.3%) 0.00 221
2023-09-01 $250,000 (4.2%) $411,412 (14.2%) 0.00 236
2023-10-01 $249,925 (2.0%) $417,934 (14.0%) 0.00 234
2023-11-01 $254,975 (4.4%) $316,330 (-13.6%) 0.00 261
2023-12-01 $262,450 (8.3%) $323,799 (-15.3%) 0.00 249
Vineland's median listing price for 2023-12-01 was $262,450, a difference of $20,200 (8.3%) versus the prior year and $7,475 versus the prior month.

Vineland's median listing price comes in at 0% of the national average.

Vineland's average listing price for 2023-12-01 was $323,799, a difference of $-58,371 (-15.3%) versus the prior year and $7,469 versus the prior month.

For the 2023-12-01 period, Vineland had 249 MLS listings, a difference of -12 listings (-5%) versus the prior month and -38 listings (-13%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Vineland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,433 sqft
2018-02-01 0 days 1,403 sqft
2018-03-01 0 days 1,407 sqft
2018-04-01 0 days 1,423 sqft
2018-05-01 0 days 1,461 sqft
2018-06-01 0 days 1,456 sqft
2018-07-01 0 days 1,459 sqft
2018-08-01 0 days 1,457 sqft
2018-09-01 0 days 1,463 sqft
2018-10-01 0 days 1,454 sqft
2018-11-01 0 days 1,446 sqft
2018-12-01 0 days 1,421 sqft
2019-01-01 0 days 1,427 sqft
2019-02-01 0 days 1,437 sqft
2019-03-01 0 days 1,440 sqft
2019-04-01 0 days 1,439 sqft
2019-05-01 0 days 1,459 sqft
2019-06-01 0 days 1,500 sqft
2019-07-01 0 days 1,509 sqft
2019-08-01 0 days 1,503 sqft
2019-09-01 0 days 1,496 sqft
2019-10-01 0 days 1,484 sqft
2019-11-01 0 days 1,461 sqft
2019-12-01 0 days 1,454 sqft
2020-01-01 0 days 1,448 sqft
2020-02-01 0 days 1,442 sqft
2020-03-01 0 days 1,447 sqft
2020-04-01 0 days 1,481 sqft
2020-05-01 0 days 1,508 sqft
2020-06-01 0 days 1,516 sqft
2020-07-01 0 days 1,491 sqft
2020-08-01 0 days 1,488 sqft
2020-09-01 0 days 1,497 sqft
2020-10-01 0 days 1,466 sqft
2020-11-01 0 days 1,527 sqft
2020-12-01 0 days 1,500 sqft
2021-01-01 0 days 1,440 sqft
2021-02-01 0 days 1,385 sqft
2021-03-01 0 days 1,411 sqft
2021-04-01 0 days 1,453 sqft
2021-05-01 0 days 1,449 sqft
2021-06-01 0 days 1,496 sqft
2021-07-01 0 days 1,480 sqft
2021-08-01 0 days 1,467 sqft
2021-09-01 0 days 1,464 sqft
2021-10-01 0 days 1,474 sqft
2021-11-01 0 days 1,486 sqft
2021-12-01 0 days 1,453 sqft
2022-01-01 0 days 1,400 sqft
2022-02-01 0 days 1,406 sqft
2022-03-01 0 days 1,434 sqft
2022-04-01 0 days 1,470 sqft
2022-05-01 0 days 1,491 sqft
2022-06-01 0 days 1,477 sqft
2022-07-01 0 days 1,454 sqft
2022-08-01 0 days 1,440 sqft
2022-09-01 0 days 1,463 sqft
2022-10-01 0 days 1,507 sqft
2022-11-01 0 days 1,489 sqft
2022-12-01 0 days 1,488 sqft
2023-01-01 0 days 1,467 sqft
2023-02-01 0 days 1,446 sqft
2023-03-01 0 days 1,473 sqft
2023-04-01 0 days 1,497 sqft
2023-05-01 0 days 1,497 sqft
2023-06-01 0 days 1,490 sqft
2023-07-01 0 days 1,583 sqft
2023-08-01 0 days 1,478 sqft
2023-09-01 0 days 1,488 sqft
2023-10-01 0 days 1,500 sqft
2023-11-01 0 days 1,498 sqft
2023-12-01 0 days 1,512 sqft
Vineland's median listing age (time on market) for 2023-12-01 was 0 days.

Vineland's median square footage for active listings during the 2023-12-01 period was 1,512 sqft. One year prior, the average listing was 1,488 sqft.