Ventura County Mortgage Rates, Fees & Info

Ventura, CA

LEI: 549300AT4QWHFZ83D635

Tax ID: 95-1790568

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Ventura County is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Ventura County has a high proportion of conventional loans. Their top markets by origination volume include: Oxnard, Los Angeles, Riverside, Santa Maria, and Bakersfield among others. We have data for 11 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.

    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% 4/22/24
    30 Year Conventional Refi 5.97% 4/22/24
    30 Year Cash-out Refi 6.08% 4/22/24
    30 Year VA Purchase 6.27% 4/22/24
    15 Year Conventional Purchase 5.51% 4/22/24
    15 Year Conventional Refi 5.92% 4/22/24
    15 Year Cash-out Refi 5.92% 4/22/24
    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

    336

    Origination Dollar Volume (All Markets)

    $91,690,000
    Show all (5) awards

    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) 299 $79,375,000 $265,468 $3,821 4.72%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 22 $8,340,000 $379,091 $3,485 4.77%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,150,000 $287,500 $3,520 4.06%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $1,015,000 $338,333 $4,101 4.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $930,000 $465,000 $3,251 4.06%
    FRESNO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,240 3.25%
    Sonora, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.25%
    MERCED, CA (FHA|USDA|VA) 1 $125,000 $125,000 $3,253 5.13%
    VISALIA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $2,710 5.13%
    Red Bluff, CA (FHA|USDA|VA) 1 $85,000 $85,000 $2,792 5.00%
    MADERA, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.25%
    Ventura County's top markets include Oxnard, Los Angeles, Riverside, 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.

    Montecito Bank & Trust
    Similarity Rank: 126
    CBC Federal Credit Union
    Similarity Rank: 189
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 203
    LBS FINANCIAL
    Similarity Rank: 210
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 255
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 212 $79,530,000 $375,142 $3,675 4.44%
    HELOC 122 $11,270,000 $92,377 n/a 5.20%
    VA 2 $890,000 $445,000 $13,665 4.63%

    For 2018, Ventura County's most frequently originated type of loan was Conventional, with 212 originations. Their 2nd most popular type was HELOC, with 122 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 130 $11,960,000 $92,000 $0 5.31%
    Cash Out Refi 100 $32,950,000 $329,500 $3,200 4.35%
    Home Purchase 58 $29,390,000 $506,724 $5,708 4.34%
    Refi 47 $17,355,000 $369,255 $3,180 4.30%
    Home Improvement 1 $35,000 $35,000 $0 5.00%

    For 2018, Ventura County's most frequently cited loan purpose was Other, with 130 originations. The 2nd most popular reason was Cash Out Refi, with 100 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 173 $73,105,000 $422,572 $4,040 4.25%
    Other 124 $11,650,000 $93,952 $3,556 5.19%
    20 Year 18 $4,290,000 $238,333 $2,737 5.26%
    15 Year 17 $2,325,000 $136,765 $2,438 4.85%
    10 Year 4 $320,000 $80,000 $0 7.00%

    For 2018, Ventura County's most frequently cited loan duration was 30 Year, with 173 originations. The 2nd most popular length was Other, with 124 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 168 $68,300,000 $406,548
    $<1k 28 $6,190,000 $221,071
    $2k-3k 13 $3,515,000 $270,385
    $5k+ 4 $2,150,000 $537,500
    $4k-5k 1 $265,000 $265,000

    Ventura County's average total fees were $4,040, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 168 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 161 $43,605,000 $270,839
    3-4% 83 $37,285,000 $449,217
    5-6% 67 $8,925,000 $133,209
    6-7% 19 $1,465,000 $77,105
    7-8% 6 $410,000 $68,333

    During 2018, Ventura County's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 4-5%, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 93 $5,175,000 $55,645 $1,321 5.36%
    $200k-400k 82 $24,110,000 $294,024 $3,506 4.42%
    $400k-600k 71 $34,825,000 $490,493 $4,432 4.13%
    $100k-200k 67 $9,165,000 $136,791 $2,958 5.00%
    $600k-1MM 20 $14,080,000 $704,000 $4,691 4.12%
    $1MM+ 3 $4,335,000 $1,445,000 $9,299 4.38%

    2018 saw Ventura County place emphasis on $100,000 or less loans with 93 originations, totaling $5,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 86 $31,200,000 $362,791 $3,907 4.74%
    $100k-150k 85 $22,465,000 $264,294 $3,735 4.75%
    $75k-100k 78 $16,150,000 $207,051 $3,627 4.87%
    $50k-75k 55 $11,905,000 $216,455 $3,442 4.45%
    $50k or less 19 $2,295,000 $120,789 $2,829 4.50%
    $250k+ 13 $7,675,000 $590,385 $6,721 4.79%

    Ventura County lent most frequently to those with incomes in the $150k-250k range, with 86 originations. The second most popular income band? $100k-150k, with 85 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 50 $14,710,000 $294,200 $3,160 4.55%
    50-60% 21 $5,085,000 $242,143 $2,963 4.50%
    20-30% 7 $915,000 $130,714 $3,101 4.21%
    <20% 4 $250,000 $62,500 $3,427 4.31%
    49% 2 $270,000 $135,000 $2,728 4.38%
    41% 2 $910,000 $455,000 $4,307 3.94%
    30-36% 2 $170,000 $85,000 $0 4.63%
    43% 1 $35,000 $35,000 $0 4.50%
    48% 1 $295,000 $295,000 $2,908 3.25%
    46% 1 $185,000 $185,000 $2,770 4.25%
    47% 1 $255,000 $255,000 $0 4.50%

    Ventura County lent most frequently to those with DTI ratios of >60%, with 50 originations. The next most common DTI ratio? 50-60%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 308 $83,220,000 $270,195 $3,748 4.75%
    Asian 20 $6,020,000 $301,000 $4,256 4.25%
    American Indian 5 $1,465,000 $293,000 $3,183 4.48%
    Black 3 $985,000 $328,333 $3,635 4.46%

    Approval Rates

    Total approvals of all applications
    77.39%

    Ventura County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.88%

    Ventura County has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 336 $91,690,000 $272,887

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $415,000 $415,000
    Single Family (1-4 Units):Site-Built 335 $91,275,000 $272,463

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $2,010,000 $143,571 $2,913 4.54%
    40-60% 13 $4,425,000 $340,385 $3,129 3.99%
    60-80% 19 $9,375,000 $493,421 $3,544 4.03%
    80-100% 10 $4,600,000 $460,000 $3,917 3.85%
    Over 100% 1 $335,000 $335,000 $2,925 3.50%
    Under 20% 35 $2,335,000 $66,714 $571 5.06%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Incorrect information on your report 1 3.7%
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Struggling to pay mortgage 11 40.7%
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Trouble during payment process 2 7.4%
    VANDERBILT MORTGAGE & FINANCE, INC FHA mortgage Closing on a mortgage 1 3.7%
    VANDERBILT MORTGAGE & FINANCE, INC FHA mortgage Struggling to pay mortgage 1 3.7%
    VANDERBILT MORTGAGE & FINANCE, INC FHA mortgage Trouble during payment process 3 11.1%
    VANDERBILT MORTGAGE & FINANCE, INC Other type of mortgage Incorrect information on your report 1 3.7%
    VANDERBILT MORTGAGE & FINANCE, INC Other type of mortgage Struggling to pay mortgage 2 7.4%
    VANDERBILT MORTGAGE & FINANCE, INC Other type of mortgage Trouble during payment process 4 14.8%
    VANDERBILT MORTGAGE & FINANCE, INC VA mortgage Trouble during payment process 1 3.7%