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

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%	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

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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

LONG BEACH CITY EMPLOYEES Federal Credit Union
Similarity Rank: 1053

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%