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, Refi, and Home Purchase loans. Ventura County has a high proportion of conventional loans. Their top markets by origination volume include: Oxnard, Los Angeles, San Luis Obispo, Riverside, 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% 12/16/24
    30 Year Conventional Refi 5.97% 12/16/24
    30 Year Cash-out Refi 6.08% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.51% 12/16/24
    15 Year Conventional Refi 5.92% 12/16/24
    15 Year Cash-out Refi 5.92% 12/16/24
    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

    425

    Origination Dollar Volume (All Markets)

    $116,505,000

    Awards

    VENTURA COUNTY 30 Year Conventional Loans bronze VENTURA COUNTY 30 Year Conventional Loans silver
    Show all (2) 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) 390 $103,110,000 $264,385 $3,956 4.69%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 17 $8,345,000 $490,882 $4,978 4.37%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,645,000 $548,333 $3,903 3.83%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,155,000 $231,000 $4,007 4.60%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $825,000 $275,000 $4,977 4.21%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $555,000 $555,000 $4,036 4.00%
    FRESNO, CA (FHA|USDA|VA) 2 $330,000 $165,000 $3,530 5.00%
    MODESTO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,736 3.88%
    VISALIA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $3,128 4.50%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.25%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.00%
    Ventura County's top markets include Oxnard, Los Angeles, San Luis Obispo, Riverside, 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.

    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 374
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    LBS FINANCIAL
    Similarity Rank: 546
    CBC Federal Credit Union
    Similarity Rank: 756
    LA Financial Federal Credit Union
    Similarity Rank: 951
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 1050
    MONARCH FUNDING CORP.
    Similarity Rank: 1295
    Water and Power Community Credit Union
    Similarity Rank: 1296

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 251 $99,405,000 $396,036 $4,034 4.00%
    HELOC 172 $16,140,000 $93,837 n/a 5.65%
    VA 2 $960,000 $480,000 $1,488 4.38%

    For 2019, Ventura County's most frequently originated type of loan was Conventional, with 251 originations. Their 2nd most popular type was HELOC, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 177 $16,305,000 $92,119 $0 5.69%
    Cash Out Refi 124 $47,730,000 $384,919 $3,688 3.98%
    Refi 72 $28,420,000 $394,722 $4,044 3.79%
    Home Purchase 52 $24,050,000 $462,500 $5,420 4.02%

    For 2019, Ventura County's most frequently cited loan purpose was Other, with 177 originations. The 2nd most popular reason was Cash Out Refi, with 124 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 217 $92,685,000 $427,120 $4,167 3.91%
    Other 172 $16,140,000 $93,837 $0 5.65%
    15 Year 15 $3,635,000 $242,333 $3,733 4.03%
    20 Year 15 $2,865,000 $191,000 $2,530 5.04%
    10 Year 6 $1,180,000 $196,667 $2,879 4.50%

    For 2019, Ventura County's most frequently cited loan duration was 30 Year, with 217 originations. The 2nd most popular length was Other, with 172 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 190 $79,390,000 $417,842
    $<1k 29 $7,535,000 $259,828
    $5k+ 10 $5,320,000 $532,000
    $3k-4k 9 $2,695,000 $299,444
    $2k-3k 8 $2,440,000 $305,000
    $4k-5k 7 $2,985,000 $426,429

    Ventura County's average total fees were $4,167, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 190 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 166 $70,120,000 $422,410
    5-6% 139 $14,035,000 $100,971
    4-5% 81 $25,865,000 $319,321
    6-7% 23 $1,355,000 $58,913
    2.5-3% 12 $4,960,000 $413,333
    7-8% 4 $170,000 $42,500

    During 2019, Ventura County's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was 3-4%, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $6,540,000 $52,742 $1,043 5.73%
    $200k-400k 114 $34,050,000 $298,684 $4,058 4.20%
    $400k-600k 90 $42,990,000 $477,667 $4,182 3.85%
    $100k-200k 66 $8,930,000 $135,303 $3,336 5.02%
    $600k-1MM 28 $20,430,000 $729,643 $5,309 3.80%
    $1MM+ 3 $3,565,000 $1,188,333 $4,512 3.41%

    2019 saw Ventura County place emphasis on $100,000 or less loans with 124 originations, totaling $6,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 145 $39,815,000 $274,586 $4,081 4.78%
    $150k-250k 95 $36,245,000 $381,526 $4,315 4.62%
    $75k-100k 94 $22,230,000 $236,489 $3,904 4.73%
    $50k-75k 60 $11,370,000 $189,500 $3,529 4.47%
    $50k or less 19 $2,295,000 $120,789 $3,498 4.55%
    $250k+ 12 $4,550,000 $379,167 $4,719 4.34%

    Ventura County lent most frequently to those with incomes in the $100k-150k range, with 145 originations. The second most popular income band? $150k-250k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 66 $19,760,000 $299,394 $4,429 4.58%
    20-30% 59 $14,455,000 $245,000 $3,896 4.67%
    49% 25 $8,025,000 $321,000 $4,324 4.39%
    41% 24 $5,520,000 $230,000 $3,939 5.04%
    46% 23 $8,205,000 $356,739 $4,101 4.60%
    48% 21 $7,665,000 $365,000 $3,854 4.52%
    47% 20 $5,110,000 $255,500 $3,289 4.59%
    43% 20 $6,710,000 $335,500 $4,893 4.63%
    44% 19 $5,255,000 $276,579 $3,771 4.83%
    38% 19 $3,725,000 $196,053 $3,908 4.58%
    39% 19 $4,755,000 $250,263 $3,381 4.82%
    45% 18 $4,520,000 $251,111 $3,206 4.81%
    50-60% 16 $1,740,000 $108,750 $3,404 5.54%
    36% 16 $4,720,000 $295,000 $3,802 4.77%
    40% 16 $4,480,000 $280,000 $4,136 4.16%
    42% 16 $3,690,000 $230,625 $4,486 4.80%
    <20% 15 $3,405,000 $227,000 $4,011 4.58%
    37% 12 $4,480,000 $373,333 $3,830 4.31%

    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 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 355 $93,025,000 $262,042 $3,950 4.72%
    Not provided 31 $9,395,000 $303,065 $3,866 4.54%
    Asian 20 $8,310,000 $415,500 $5,077 4.11%
    Black 10 $3,760,000 $376,000 $4,133 4.14%
    Native Hawaiian or Islander 3 $885,000 $295,000 $3,487 4.71%
    Asian Indian 1 $525,000 $525,000 $3,589 3.25%
    American Indian 4 $400,000 $100,000 $3,179 4.94%
    Other Asian 1 $205,000 $205,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    80.51%

    Ventura County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.76%

    Ventura County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 425 $116,505,000 $274,129

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $320,000 $160,000
    Single Family (1-4 Units):Site-Built 423 $116,185,000 $274,669

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $8,730,000 $174,600 $3,884 4.82%
    40-60% 61 $20,655,000 $338,607 $4,061 3.94%
    60-80% 125 $57,635,000 $461,080 $4,163 3.95%
    80-100% 39 $18,515,000 $474,744 $4,543 3.97%
    Under 20% 149 $10,685,000 $71,711 $1,577 5.71%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 11.1%
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Closing on a mortgage 2 5.6%
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Struggling to pay mortgage 8 22.2%
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Trouble during payment process 9 25.0%
    VANDERBILT MORTGAGE & FINANCE, INC FHA mortgage Closing on a mortgage 1 2.8%
    VANDERBILT MORTGAGE & FINANCE, INC FHA mortgage Trouble during payment process 2 5.6%
    VANDERBILT MORTGAGE & FINANCE, INC Other type of mortgage Struggling to pay mortgage 4 11.1%
    VANDERBILT MORTGAGE & FINANCE, INC Other type of mortgage Trouble during payment process 5 13.9%
    VANDERBILT MORTGAGE & FINANCE, INC VA mortgage Incorrect information on your report 1 2.8%