Ventura County Mortgage Rates, Fees & Info

Ventura, CA

LEI: 549300AT4QWHFZ83D635

Tax ID: 95-1790568

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Mortgage Data

Review & Overview

Ventura 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, Riverside, and San Luis Obispo among others. We have data for 9 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% 3/28/24
30 Year Conventional Refi 5.97% 3/28/24
30 Year Cash-out Refi 6.08% 3/28/24
30 Year VA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 5.51% 3/28/24
15 Year Conventional Refi 5.92% 3/28/24
15 Year Cash-out Refi 5.92% 3/28/24
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

458

Origination Dollar Volume (All Markets)

$137,110,000

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) 414 $121,370,000 $293,164 $3,484 3.46%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 29 $10,615,000 $366,034 $3,990 3.44%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $1,670,000 $417,500 $3,784 3.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $790,000 $197,500 $3,556 3.56%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $765,000 $765,000 $4,056 3.63%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $665,000 $221,667 $3,499 3.46%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,790 3.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $425,000 $425,000 $3,304 2.50%
FRESNO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,325 3.25%
Ventura County's top markets include Oxnard, Los Angeles, Santa Maria, Riverside, and San Luis Obispo 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.

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 363
    Christian Community Credit Union
    Similarity Rank: 716
    CHOICE LENDING CORP.
    Similarity Rank: 1035
    FFC Mortgage Corp.
    Similarity Rank: 1428
    WINNPOINTE CORPORATION
    Similarity Rank: 1584
    Residential Mortgage Solutions, Inc.
    Similarity Rank: 1615
    LA Financial Federal Credit Union
    Similarity Rank: 1677
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 1683
    LONG BEACH FIREMEN S CREDIT UNION
    Similarity Rank: 1848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 324 $122,000,000 $376,543 $3,525 3.38%
    HELOC 133 $14,605,000 $109,812 n/a 3.64%
    VA 1 $505,000 $505,000 $3,694 3.50%

    For 2020, Ventura County's most frequently originated type of loan was Conventional, with 324 originations. Their 2nd most popular type was HELOC, with 133 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 161 $59,545,000 $369,845 $3,461 3.38%
    Other 142 $15,260,000 $107,465 $0 3.79%
    Refi 132 $50,430,000 $382,045 $3,531 3.20%
    Home Purchase 23 $11,875,000 $516,304 $5,331 3.43%

    For 2020, Ventura County's most frequently cited loan purpose was Cash Out Refi, with 161 originations. The 2nd most popular reason was Other, with 142 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 239 $99,385,000 $415,837 $3,679 3.42%
    Other 133 $14,605,000 $109,812 $0 3.64%
    15 Year 68 $19,430,000 $285,735 $3,373 3.03%
    20 Year 15 $3,425,000 $228,333 $2,276 4.18%
    10 Year 3 $265,000 $88,333 $1,056 5.04%

    For 2020, Ventura County's most frequently cited loan duration was 30 Year, with 239 originations. The 2nd most popular length was Other, with 133 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 292 $111,050,000 $380,308
    $<1k 26 $8,230,000 $316,538
    $2k-3k 5 $2,225,000 $445,000
    $3k-4k 1 $535,000 $535,000
    $5k+ 1 $465,000 $465,000

    Ventura County's average total fees were $3,679, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 292 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 329 $99,625,000 $302,812
    2.5-3% 72 $27,270,000 $378,750
    4-5% 31 $5,965,000 $192,419
    <2.5% 12 $3,320,000 $276,667
    5-6% 8 $700,000 $87,500
    6-7% 6 $230,000 $38,333

    During 2020, Ventura County's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 329 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 163 $49,185,000 $301,748 $3,446 3.34%
    $400k-600k 91 $43,195,000 $474,670 $3,705 3.33%
    $100,000 or less 89 $5,085,000 $57,135 $1,866 3.95%
    $100k-200k 79 $11,265,000 $142,595 $3,280 3.34%
    $600k-1MM 31 $22,425,000 $723,387 $4,311 3.40%
    $1MM+ 5 $5,955,000 $1,191,000 $4,592 3.14%

    2020 saw Ventura County place emphasis on $200k-400k loans with 163 originations, totaling $49,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 141 $40,555,000 $287,624 $3,508 3.52%
    $150k-250k 96 $34,800,000 $362,500 $3,573 3.52%
    $75k-100k 86 $24,320,000 $282,791 $3,456 3.32%
    $50k-75k 81 $16,905,000 $208,704 $3,381 3.57%
    $250k+ 33 $18,065,000 $547,424 $4,064 3.19%
    $50k or less 21 $2,465,000 $117,381 $3,346 3.36%

    Ventura County lent most frequently to those with incomes in the $100k-150k range, with 141 originations. The second most popular income band? $150k-250k, with 96 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 92 $27,400,000 $297,826 $3,703 3.32%
    30-36% 89 $25,925,000 $291,292 $3,537 3.41%
    44% 28 $10,480,000 $374,286 $3,695 3.36%
    <20% 27 $5,385,000 $199,444 $3,275 3.24%
    43% 21 $7,445,000 $354,524 $3,872 3.45%
    41% 21 $7,075,000 $336,905 $3,411 3.55%
    36% 20 $6,440,000 $322,000 $3,296 3.48%
    38% 17 $6,245,000 $367,353 $3,250 3.59%
    46% 17 $4,415,000 $259,706 $3,792 3.40%
    37% 17 $3,945,000 $232,059 $2,849 3.73%
    47% 15 $5,855,000 $390,333 $3,888 3.53%
    48% 15 $4,915,000 $327,667 $3,311 3.56%
    50-60% 14 $2,370,000 $169,286 $3,411 3.78%
    39% 14 $3,830,000 $273,571 $3,117 3.68%
    42% 14 $4,490,000 $320,714 $3,712 3.28%
    45% 11 $3,515,000 $319,545 $3,258 3.91%
    49% 11 $3,215,000 $292,273 $3,787 3.41%
    40% 11 $3,285,000 $298,636 $3,823 3.51%

    Ventura County lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 328 $101,380,000 $309,085 $3,559 3.41%
    Not provided 110 $26,920,000 $244,727 $3,354 3.60%
    Asian 12 $5,240,000 $436,667 $3,426 3.14%
    Black 5 $2,565,000 $513,000 $4,063 4.08%
    American Indian 2 $660,000 $330,000 $4,420 3.25%
    Asian Indian 1 $345,000 $345,000 $3,580 3.50%

    Approval Rates

    Total approvals of all applications
    83.31%

    Ventura County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.50%

    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 458 $137,110,000 $299,367

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $1,135,000 $227,000
    Single Family (1-4 Units):Site-Built 453 $135,975,000 $300,166

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 73 $15,865,000 $217,329 $3,372 3.24%
    40-60% 84 $29,220,000 $347,857 $3,441 3.21%
    60-80% 150 $70,480,000 $469,867 $3,689 3.40%
    80-100% 22 $10,700,000 $486,364 $4,610 3.41%
    Under 20% 125 $9,965,000 $79,720 $2,204 3.78%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.7%
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Closing on a mortgage 1 2.9%
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Incorrect information on your report 1 2.9%
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Struggling to pay mortgage 11 31.4%
    VANDERBILT MORTGAGE & FINANCE, INC Conventional home mortgage Trouble during payment process 6 17.1%
    VANDERBILT MORTGAGE & FINANCE, INC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
    VANDERBILT MORTGAGE & FINANCE, INC FHA mortgage Struggling to pay mortgage 3 8.6%
    VANDERBILT MORTGAGE & FINANCE, INC FHA mortgage Trouble during payment process 2 5.7%
    VANDERBILT MORTGAGE & FINANCE, INC Home equity loan or line of credit (HELOC) Trouble during payment process 1 2.9%
    VANDERBILT MORTGAGE & FINANCE, INC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.7%
    VANDERBILT MORTGAGE & FINANCE, INC Other type of mortgage Closing on a mortgage 1 2.9%
    VANDERBILT MORTGAGE & FINANCE, INC Other type of mortgage Trouble during payment process 2 5.7%
    VANDERBILT MORTGAGE & FINANCE, INC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
    VANDERBILT MORTGAGE & FINANCE, INC VA mortgage Closing on a mortgage 1 2.9%