Ventura County Mortgage Rates, Fees & Info
Ventura, CALEI: 549300AT4QWHFZ83D635
Tax ID: 95-1790568
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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, Santa Maria, Riverside, and San Diego among others. We have data for 8 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 a low 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.08% | 4/5/25 |
| 30 Year Conventional Refi | 6.44% | 4/5/25 |
| 30 Year Cash-out Refi | 6.51% | 4/5/25 |
| 30 Year VA Purchase | 7.02% | 4/5/25 |
| 15 Year Conventional Purchase | 6.38% | 4/5/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
448Origination Dollar Volume (All Markets)
$82,080,000Awards
VENTURA COUNTY - 2024
VENTURA COUNTY is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Ventura County's average 30 year fixed mortgage rate was
6.21%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.34%.
Relative Fees (Closing Costs)
Ventura County's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,582.
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 $8,356.
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) | 398 | $69,870,000 | $175,553 | $3,520 | 5.17% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 20 | $4,580,000 | $229,000 | $2,760 | 5.12% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 10 | $2,160,000 | $216,000 | $3,682 | 5.15% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $5,381 | 5.56% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $6,670 | 5.20% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $4,301 | 6.44% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,117 | 5.43% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,898 | 7.13% |
Their top states include:
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.
Similarity Rank: 42
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 375 | $51,805,000 | $138,147 | n/a | 4.78% |
| Conventional | 72 | $29,780,000 | $413,611 | $3,523 | 7.36% |
| VA | 1 | $495,000 | $495,000 | $16,788 | 6.00% |
For 2024, Ventura County's most frequently originated type of loan was HELOC, with 375 originations. Their 2nd most popular type was Conventional, with 72 originations.
Loan Reason
For 2024, Ventura County's most frequently cited loan purpose was Other, with 399 originations. The 2nd most popular reason was Home Purchase, with 37 originations.
Loan Duration/Length
For 2024, Ventura County's most frequently cited loan duration was Other, with 375 originations. The 2nd most popular length was 30 Year, with 46 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 46 | $26,830,000 | $583,261 |
| $<1k | 26 | $2,950,000 | $113,462 |
| $4k-5k | 1 | $495,000 | $495,000 |
Ventura County's average total fees were $5,582, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 46 originations.
Interest Rates
During 2024, Ventura County's average interest rate for loans was 6.21%, while their most frequently originated rate bucket for loans was 4-5%, with 299 originations.
Loan Sizing
2024 saw Ventura County place emphasis on $100k-200k loans with 171 originations, totaling $21,555,000 in origination value.
Applicant Income
Ventura County lent most frequently to those with incomes in the $150k-250k range, with 155 originations. The second most popular income band? $100k-150k, with 126 originations.
Applicant Debt to Income Ratio
Ventura County lent most frequently to those with DTI ratios of 30-36%, with 75 originations. The next most common DTI ratio? 20-30%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.10%
Ventura County has a below average approval rate.
Pick Rate
Approvals leading to origination85.49%
Ventura County has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 448 | $82,080,000 | $183,214 |