Ventura County Mortgage Rates, Fees & Info

Ventura, CA

LEI: 549300AT4QWHFZ83D635

Tax ID: 95-1790568

5 stars - Updated: 5/20/24 - out of 5 stars, based on 22 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Ventura County is a smaller mortgage company specializing in Other and Home Purchase loans. Ventura County has a high proportion of conventional loans. Their top markets by origination volume include: Oxnard, Los Angeles, San Diego, Santa Maria, and Bakersfield among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ventura County has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ventura County is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.03% 5/20/24
30 Year Conventional Refi 5.97% 5/20/24
30 Year Cash-out Refi 6.08% 5/20/24
30 Year VA Purchase 6.27% 5/20/24
15 Year Conventional Purchase 5.51% 5/20/24
15 Year Conventional Refi 5.92% 5/20/24
15 Year Cash-out Refi 5.92% 5/20/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Ventura County Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Ventura County. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

463

Origination Dollar Volume (All Markets)

$73,755,000

Awards

VENTURA COUNTY 30 Year Conventional Loans gold VENTURA COUNTY 30 Year Conventional Loans gold VENTURA COUNTY 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

Ventura County's average 30 year fixed mortgage rate was 6.12%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.36%.

Relative Fees (Closing Costs)

Ventura County's average total fees/closing costs for a 30 year fixed rate mortgage were $5,063.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 407 $57,295,000 $140,774 $2,991 5.16%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 28 $8,130,000 $290,357 $4,982 5.49%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $2,130,000 $532,500 $4,923 5.84%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 7 $1,435,000 $205,000 $0 4.78%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $1,340,000 $335,000 $4,352 5.88%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,230,000 $615,000 $3,793 6.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $890,000 $148,333 $5,211 5.68%
STOCKTON, CA (FHA|USDA|VA) 1 $695,000 $695,000 $4,464 4.99%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $425,000 $425,000 $4,227 6.00%
FRESNO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.99%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
MODESTO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.99%
Ventura County's top markets include Oxnard, Los Angeles, San Diego, Santa Maria, and Bakersfield among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against VENTURA COUNTY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    VENTURA COUNTY
    Similarity Rank: 96
    LBS FINANCIAL
    Similarity Rank: 258
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ALTURA
    Similarity Rank: 384
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 504
    LA Financial Federal Credit Union
    Similarity Rank: 660
    I.L.W.U. CREDIT UNION
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 381 $42,905,000 $112,612 n/a 4.80%
    Conventional 82 $30,850,000 $376,220 $3,454 7.09%

    For 2023, Ventura County's most frequently originated type of loan was HELOC, with 381 originations. Their 2nd most popular type was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 405 $44,805,000 $110,630 $23 5.08%
    Home Purchase 33 $19,665,000 $595,909 $5,819 6.09%
    Cash Out Refi 23 $8,765,000 $381,087 $3,724 6.08%
    Refi 2 $520,000 $260,000 $2,508 4.88%

    For 2023, Ventura County's most frequently cited loan purpose was Other, with 405 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 381 $42,905,000 $112,612 $0 4.80%
    30 Year 52 $27,750,000 $533,654 $5,063 6.12%
    20 Year 15 $1,315,000 $87,667 $291 9.32%
    15 Year 9 $1,375,000 $152,778 $1,733 7.29%
    10 Year 6 $410,000 $68,333 $0 9.58%

    For 2023, Ventura County's most frequently cited loan duration was Other, with 381 originations. The 2nd most popular length was 30 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 51 $25,255,000 $495,196
    $<1k 30 $5,100,000 $170,000
    $3k-4k 1 $495,000 $495,000

    Ventura County's average total fees were $5,063, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 51 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 328 $42,860,000 $130,671
    3-4% 60 $6,640,000 $110,667
    6-7% 32 $15,470,000 $483,438
    Over 8% 24 $1,900,000 $79,167
    5-6% 11 $4,565,000 $415,000
    7-8% 8 $2,320,000 $290,000

    During 2023, Ventura County's average interest rate for loans was 6.12%, while their most frequently originated rate bucket for loans was 4-5%, with 328 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 199 $11,405,000 $57,312 $424 5.20%
    $100k-200k 148 $18,530,000 $125,203 $1,394 5.07%
    $200k-400k 78 $19,260,000 $246,923 $4,128 5.08%
    $400k-600k 20 $9,620,000 $481,000 $4,965 5.93%
    $600k-1MM 15 $10,945,000 $729,667 $5,670 6.05%
    $1MM+ 3 $3,995,000 $1,331,667 $6,457 5.83%

    2023 saw Ventura County place emphasis on $100,000 or less loans with 199 originations, totaling $11,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 144 $26,230,000 $182,153 $3,999 5.16%
    $100k-150k 139 $16,775,000 $120,683 $2,353 5.16%
    $75k-100k 80 $9,060,000 $113,250 $2,278 5.33%
    $250k+ 45 $14,565,000 $323,667 $5,074 5.27%
    $50k-75k 39 $4,235,000 $108,590 $2,760 4.98%
    $50k or less 10 $700,000 $70,000 $3,699 5.77%

    Ventura County lent most frequently to those with incomes in the $150k-250k range, with 144 originations. The second most popular income band? $100k-150k, with 139 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 66 $8,090,000 $122,576 $3,266 5.10%
    20-30% 60 $8,930,000 $148,833 $2,461 4.98%
    49% 39 $5,615,000 $143,974 $2,839 5.41%
    39% 25 $5,555,000 $222,200 $6,279 4.96%
    43% 24 $4,320,000 $180,000 $3,581 5.64%
    40% 24 $4,540,000 $189,167 $3,774 5.09%
    48% 24 $4,050,000 $168,750 $3,065 5.66%
    42% 23 $3,285,000 $142,826 $3,120 5.33%
    46% 22 $1,980,000 $90,000 $0 5.10%
    37% 22 $4,560,000 $207,273 $4,708 5.33%
    50-60% 21 $3,365,000 $160,238 $2,177 4.97%
    <20% 19 $2,505,000 $131,842 $5,211 4.58%
    44% 18 $3,580,000 $198,889 $4,204 5.10%
    41% 16 $3,680,000 $230,000 $4,436 5.17%
    38% 16 $1,860,000 $116,250 $2,882 5.65%
    36% 15 $3,555,000 $237,000 $3,653 5.54%
    45% 14 $2,160,000 $154,286 $3,567 5.05%
    47% 14 $1,870,000 $133,571 $3,305 5.51%
    >60% 1 $255,000 $255,000 $0 4.99%

    Ventura County lent most frequently to those with DTI ratios of 30-36%, with 66 originations. The next most common DTI ratio? 20-30%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 307 $47,815,000 $155,749 $3,473 5.13%
    Not provided 112 $18,770,000 $167,589 $3,597 5.31%
    Asian 27 $5,335,000 $197,593 $3,679 5.49%
    American Indian 7 $895,000 $127,857 $1,377 6.64%
    Black 8 $680,000 $85,000 $0 4.24%
    Native Hawaiian or Islander 2 $260,000 $130,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    84.31%

    Ventura County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.15%

    Ventura County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 463 $73,755,000 $159,298

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    463 $73,755,000 $159,298

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 64 $14,170,000 $221,406 $2,955 5.11%
    40-60% 15 $5,315,000 $354,333 $4,171 5.70%
    60-80% 19 $10,135,000 $533,421 $5,678 6.16%
    80-100% 17 $11,555,000 $679,706 $5,370 6.10%
    Under 20% 348 $32,580,000 $93,621 $454 5.10%