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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.03% | 1/20/25 |
| 30 Year Conventional Refi | 5.97% | 1/20/25 |
| 30 Year Cash-out Refi | 6.08% | 1/20/25 |
| 30 Year VA Purchase | 6.27% | 1/20/25 |
| 15 Year Conventional Purchase | 5.51% | 1/20/25 |
| 15 Year Conventional Refi | 5.92% | 1/20/25 |
| 15 Year Cash-out Refi | 5.92% | 1/20/25 |
| 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
463Origination Dollar Volume (All Markets)
$73,755,000Awards
VENTURA COUNTY - 2023
VENTURA COUNTY is a 2023 , due to their low .
For 2023, 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
6.12%.
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% |
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: 72
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Similarity Rank: 351
Similarity Rank: 384
Similarity Rank: 504
Similarity Rank: 660
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
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
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
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
2023 saw Ventura County place emphasis on $100,000 or less loans with 199 originations, totaling $11,405,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications84.31%
Ventura County has a below average approval rate.
Pick Rate
Approvals leading to origination83.15%
Ventura County has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 463 | $73,755,000 | $159,298 |