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Multifamily Loans in
Vineland, NJ

Overview

Vineland is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Vineland are considered greater risk due to market dynamics. Interest rates for multifamily loans in Vineland are higher than the national average. Vineland apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Vineland.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Vineland, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Vineland are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.78% - 4.02%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.15% - 3.40%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Vineland may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Lenders in Vineland, NJ

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Vineland.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 02, 2021


Vineland Market

The city of Vineland in Cumberland County has a population of 59,439. The median rent in Cumberland County for a 2 bedroom is $1,439. The median Vineland resident is 38 years old with a yearly income of $26,013. The average family has 3.3 members and a median household income of $54,476. Vineland has a 19% higher education rate. The unemployment rate in Vineland is 7.2%.


Population
59,439 people

County
Cumberland County

Renters

34.1% of Vineland households are renters.


Rent Burden

43.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cumberland County 1
New Jersey 2
National 2
Studio $988 $1,166 $737
1 bedroom $1,103 $1,353 $813
2 bedroom $1,439 $1,671 $1,015
3 bedroom $1,910 $2,131 $1,325
4 bedroom $2,219 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Vineland Demographics


Median Individual Income
$26,013 / year

Median Household Income
$54,476 / year

Families w/ Dual Incomes
52%

Unemployment Rate
7.2%
Household Income Distribution
Vineland, NJ

Median Age
38 years

Avg Family Size
3.3 people
Age Distribution
Vineland, NJ

College Education or Above
19%

STEM College Graduates
39%
Education Distribution
Vineland, NJ
Source: U.S. Census Bureau

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