Ventura County Mortgage Rates, Fees & InfoVentura, CA
Tax ID: 95-1790568
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewVentura County is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Ventura County has a high proportion of conventional loans. Their top markets by origination volume include: Oxnard, Los Angeles, Santa Maria, San Francisco, and Bakersfield among others. We have data for 10 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 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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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||3/19/23|
|30 Year Conventional Purchase||6.34%||3/19/23|
|30 Year Conventional Refi||6.38%||3/19/23|
|30 Year Cash-out Refi||6.42%||3/19/23|
|30 Year VA Refi||6.27%||3/19/23|
|15 Year Conventional Refi||6.02%||3/19/23|
|15 Year Cash-out Refi||6.02%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$135,950,000
Ventura County's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.14%.
Relative Fees (Closing Costs)
Ventura County's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,598.
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 $4,750.
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)||391||$116,715,000||$298,504||$3,405||3.08%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||21||$11,405,000||$543,095||$4,205||2.99%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||3||$2,075,000||$691,667||$4,481||3.13%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||2||$1,740,000||$870,000||$5,363||2.94%|
|BAKERSFIELD, CA (FHA|USDA|VA)||5||$1,305,000||$261,000||$3,969||3.12%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||3||$925,000||$308,333||$3,519||2.99%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||2||$850,000||$425,000||$2,441||3.00%|
|FRESNO, CA (FHA|USDA|VA)||1||$475,000||$475,000||$4,255||3.13%|
|Truckee-Grass Valley, CA (FHA|USDA|VA)||1||$415,000||$415,000||$4,965||2.88%|
|SALINAS, CA (FHA|USDA|VA)||1||$45,000||$45,000||$0||3.75%|
Their top states include:
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Ventura County's most frequently originated type of loan was Conventional, with 301 originations. Their 2nd most popular type was HELOC, with 129 originations.
For 2021, Ventura County's most frequently cited loan purpose was Cash Out Refi, with 152 originations. The 2nd most popular reason was Other, with 133 originations.
For 2021, Ventura County's most frequently cited loan duration was 30 Year, with 233 originations. The 2nd most popular length was Other, with 131 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Ventura County's average total fees were $3,598, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 282 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Ventura County's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 194 originations.
2021 saw Ventura County place emphasis on $200k-400k loans with 158 originations, totaling $45,760,000 in origination value.
Ventura County lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $150k-250k, with 103 originations.
Applicant Debt to Income Ratio
Ventura County lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? 30-36%, with 64 originations.
Approval RatesTotal approvals of all applications
Ventura County has a below average approval rate.
Pick RateApprovals leading to origination
Ventura County has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|VANDERBILT MORTGAGE & FINANCE, INC||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||1||2.5%|
|VANDERBILT MORTGAGE & FINANCE, INC||Conventional home mortgage||Closing on a mortgage||3||7.5%|
|VANDERBILT MORTGAGE & FINANCE, INC||Conventional home mortgage||Struggling to pay mortgage||22||55.0%|
|VANDERBILT MORTGAGE & FINANCE, INC||Conventional home mortgage||Trouble during payment process||6||15.0%|
|VANDERBILT MORTGAGE & FINANCE, INC||FHA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||2.5%|
|VANDERBILT MORTGAGE & FINANCE, INC||FHA mortgage||Closing on a mortgage||2||5.0%|
|VANDERBILT MORTGAGE & FINANCE, INC||FHA mortgage||Improper use of your report||1||2.5%|
|VANDERBILT MORTGAGE & FINANCE, INC||FHA mortgage||Struggling to pay mortgage||1||2.5%|
|VANDERBILT MORTGAGE & FINANCE, INC||FHA mortgage||Trouble during payment process||1||2.5%|
|VANDERBILT MORTGAGE & FINANCE, INC||Other type of mortgage||Applying for a mortgage or refinancing an existing mortgage||1||2.5%|
|VANDERBILT MORTGAGE & FINANCE, INC||Other type of mortgage||Struggling to pay mortgage||1||2.5%|