Vineland VA Loan Rates, Closing Costs & Stats

VINELAND-BRIDGETON, NJ

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Vineland's 34 lenders originated 122 VA loans during 2023. The total origination value was $33,730,000, with an average VA loan value of $276,475.

    Vineland VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Vineland averaged 7.26% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Vineland's average VA mortgage closing costs are $6,456.

    The average rate for the prior week (2024-04-12) was 6.69% and one month ago for the week of 2024-03-15, the average rate was 6.76%.

    The average rate one year ago was 6.25%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Vineland VA Loan Lenders by Rates & Fees

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

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 21 6.80% $5,718
    NATION ONE MORTGAGE CORPORATION 16 6.47% $11,375
    NEW DAY FINANCIAL, LLC 8 7.26% $13,234
    QUICKEN LOANS, LLC 8 5.84% $6,430
    FREEDOM MORTGAGE CORPORATION 6 7.06% $15,393
    UNITED WHOLESALE MORTGAGE, LLC 6 6.51% $11,609
    GREENTREE MORTGAGE COMPANY, L.P. 5 6.70% $12,441
    Waterstone Mortgage Corporation 4 6.47% $14,732
    USAA Federal Savings Bank 4 6.41% $8,688
    CROSSCOUNTRY MORTGAGE, LLC 3 7.02% $4,322
    NAVY FEDERAL CREDIT UNION 3 5.46% $5,485
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.33% $7,435
    NVR Mortgage Finance, Inc. 3 5.16% $12,947
    CARDINAL FINANCIAL 2 6.75% $12,656
    Gateway First Bank 2 7.00% $12,264
    PANORAMA MORTGAGE GROUP, LLC 2 6.00% $13,432
    PENNYMAC LOAN SERVICES, LLC 2 6.37% $6,847
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $9,218
    VILLAGE CAPITAL MORTGAGE 1 6.25% $18,874
    North American Savings Bank, F.S.B. 1 7.00% $2,383
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $11,482
    PENTAGON FEDERAL CREDIT UNION 1 7.00% $5,019
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $5,643
    Prosperity Home Mortgage, LLC 1 5.75% $3,643
    AMERICAN FINANCING CORPORATION 1 5.50% $16,738
    The Federal Savings Bank 1 6.25% $11,837
    UNION HOME MORTGAGE CORP. 1 7.63% $11,501
    AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $11,030
    Cornerstone First Mortgage, Inc 1 7.13% $9,116
    LIBERTY HOME MORTGAGE CORPORATION 1 7.25% $23,410
    GUILD MORTGAGE COMPANY 1 7.50% $3,896
    LOANDEPOT.COM, LLC 1 4.88% $7,273
    MOVEMENT MORTGAGE, LLC 1 7.75% $12,901
    Barrington Bank & Trust Company, N.A. 1 5.50% $18,545

    The top Vineland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $5,718, which is $5,657 lower than the next largest lender, NATION ONE MORTGAGE CORPORATION.

    The lowest fee Vineland VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,718), NATION ONE MORTGAGE CORPORATION ($11,375), .

    The lowest rate Vineland VA lenders (with over 10 loans originated) are NATION ONE MORTGAGE CORPORATION (6.47%), Mortgage Research Center, LLC (6.80%), .

    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
    2024-01-01 $263,250 (10.4%) $325,337 (-17.0%) 0.00 239
    2024-02-01 $258,750 (7.8%) $284,513 (-31.6%) 0.00 237
    2024-03-01 $265,000 (6.0%) $298,112 (-30.0%) 0.00 243
    Vineland's median listing price for 2024-03-01 was $265,000, a difference of $15,000 (6.0%) versus the prior year and $6,250 versus the prior month.

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

    Vineland's average listing price for 2024-03-01 was $298,112, a difference of $-127,575 (-30.0%) versus the prior year and $13,599 versus the prior month.

    For the 2024-03-01 period, Vineland had 243 MLS listings, a difference of 6 listings (3%) versus the prior month and 40 listings (20%) 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 1,404 sqft
    2018-03-01 0 days 1,410 sqft
    2018-04-01 0 days 1,424 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 1,461 sqft
    2018-10-01 0 days 1,454 sqft
    2018-11-01 0 days 1,446 sqft
    2018-12-01 0 days 1,422 sqft
    2019-01-01 0 days 1,427 sqft
    2019-02-01 0 days 1,438 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 1,499 sqft
    2023-11-01 0 days 1,498 sqft
    2023-12-01 0 days 1,512 sqft
    2024-01-01 0 days 1,487 sqft
    2024-02-01 0 days 1,427 sqft
    2024-03-01 0 days 1,427 sqft
    Vineland's median listing age (time on market) for 2024-03-01 was 0 days.

    Vineland's median square footage for active listings during the 2024-03-01 period was 1,427 sqft. One year prior, the average listing was 1,473 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.