Oxnard FHA Loan Rates, Closing Costs & Stats

OXNARD-THOUSAND OAKS-VENTURA, CA

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Oxnard's 125 lenders originated 1,848 FHA loans during 2021. The total origination value was $904,670,000, with an average FHA loan value of $489,540.

Oxnard FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Oxnard averaged -0.36% for the week of 2023-01-20, compared to the national average (all FHA variants) of 0% for the same period.

Oxnard's average FHA mortgage closing costs are $13,688.

The average rate for the prior week (2023-01-13) was 6.26% and one month ago for the week of 2022-12-16, the average rate was 5.95%.

The average rate one year ago was 3.75%.

For refis of the same type during the week of 2023-01-20, the average rate was -0.55%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Oxnard FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Oxnard level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 136 2.70% $15,303
QUICKEN LOANS, LLC 126 2.57% $11,908
FREEDOM MORTGAGE CORPORATION 76 2.63% $10,184
CALIBER HOME LOANS, INC. 54 2.68% $13,819
Golden Empire Mortgage, Inc. 50 2.87% $15,034
MLD MORTGAGE INC. 42 2.78% $14,318
PENNYMAC LOAN SERVICES, LLC 41 2.81% $11,650
HOMEBRIDGE FINANCIAL SERVICES, INC. 39 2.77% $13,776
LAKEVIEW LOAN SERVICING, LLC 39 2.74% $9,078
Nations Lending Corporation 38 3.14% $15,346
Mr. Cooper ( Nationstar Mortgage ) 38 2.88% $8,594
OCMBC, INC. 30 2.86% $15,882
LOANDEPOT.COM, LLC 29 2.80% $16,203
HOME POINT FINANCIAL CORPORATION 29 2.68% $14,267
STEARNS LENDING, LLC 25 2.53% $12,601
Carrington Mortgage Services, LLC 22 3.20% $17,646
KBHS HOME LOANS, LLC 21 2.87% $15,177
NEWREZ LLC 21 2.79% $12,900
Flagstar Bank, FSB 20 2.82% $13,722
DIGNIFIED HOME LOANS, LLC 20 2.76% $15,646
BROKER SOLUTIONS, INC. 20 2.84% $13,608
Lakeview Community Capital, LLC 20 2.71% $8,531
CROSSCOUNTRY MORTGAGE, LLC 17 3.02% $17,127
AMERICAN FINANCIAL NETWORK, INC. 17 3.01% $19,254
MOVEMENT MORTGAGE, LLC 15 2.82% $13,458
Paramount Residential Mortgage Group, Inc. 14 2.91% $17,336
VILLAGE CAPITAL MORTGAGE 14 2.46% $7,108
CMG MORTGAGE, INC. 13 2.95% $14,720
Hometown Equity Mortgage, LLC 13 2.99% $18,113
NATIONS DIRECT MORTGAGE, LLC 12 3.03% $15,313
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 12 3.01% $16,264
FINANCE OF AMERICA MORTGAGE LLC 12 2.72% $15,563
ALAMEDA MORTGAGE CORPORATION 11 2.65% $12,995
Equity Prime Mortgage LLC 11 3.11% $13,570
GUILD MORTGAGE COMPANY 10 2.95% $14,747
PANORAMA MORTGAGE GROUP, LLC 10 3.03% $19,855
AMERICAN PACIFIC MORTGAGE CORPORATION 10 3.10% $15,048
CAPSTONE DIRECT, INC. 10 2.56% $14,777
AUGUSTA FINANCIAL, INC. 9 2.78% $15,808
Century Mortgage Company DBA Century Lending Company 9 2.86% $17,648
BECKAM FUNDING CORP. 8 3.19% $24,480
First Guaranty Mortgage Corporation 8 2.78% $11,505
InterContinental Capital Group, Inc 7 2.61% $11,492
MOUNTAIN WEST FINANCIAL, INC. 7 2.73% $19,975
AmeriHome Mortgage Company, LLC 6 2.79% $9,981
GUARANTEED RATE, INC. 6 2.96% $14,883
AMERISAVE MORTGAGE CORPORATION 6 3.06% $15,574
CIT Bank 5 2.78% $16,706
HOMEAMERICAN MORTGAGE CORPORATION 5 2.55% $10,896
Sierra Pacific Mortgage Company, Inc. 5 3.08% $13,895
PLANET HOME LENDING, LLC 5 2.58% $9,593
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.27% $16,221
Commerce Home Mortgage, Inc. 5 3.03% $16,184
PLAZA HOME MORTGAGE, INC. 4 2.69% $21,396
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 2.97% $14,134
MICHIGAN MUTUAL, INC. 4 3.19% $16,557
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 2.88% $18,305
ANGEL OAK HOME LOANS LLC 4 2.81% $14,607
EAGLE HOME MORTGAGE, LLC 4 3.00% $16,569
SUN WEST MORTGAGE COMPANY, INC. 4 2.84% $17,078
AXIA FINANCIAL, LLC 3 2.71% $16,325
CELEBRITY HOME LOANS, LLC 3 3.13% $18,997
Barrington Bank & Trust Company, N.A. 3 3.04% $14,808
Citizens Bank 3 2.67% $19,685
CAMPOS FINANCIAL CORP. 3 2.88% $22,412
MID AMERICA MORTGAGE, INC. 3 3.29% $2,805
SOVEREIGN LENDING GROUP INCORPORATED 2 2.68% $17,498
Prosperity Home Mortgage, LLC 2 3.31% $11,222
BETTER MORTGAGE CORPORATION 2 2.69% $8,668
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.56% $13,221
GUARANTEED RATE AFFINITY, LLC 2 3.06% $12,041
CENTRAL COAST LENDING, INC. 2 3.06% $9,996
MUFG Union Bank 2 3.06% $15,772
CALCULATED RISK ANALYTICS LLC 2 2.94% $12,196
LENOX FINANCIAL MORTGAGE CORPORATION 2 2.44% $15,320
MEGA CAPITAL FUNDING, INC. 2 2.81% $19,388
DRAPER AND KRAMER MORTGAGE CORP. 2 2.75% $11,750
Wells Fargo Bank 1 3.13% $11,384
AHL FUNDING 1 4.75% $29,131
AMERICAN FINANCIAL RESOURCES, INC. 1 2.88% $10,500
Amerifirst Financial, Inc. 1 2.88% $11,089
AmRes Corporation 1 2.99% $9,719
Bank of the West 1 3.25% $14,963
BEST CAPITAL FUNDING 1 2.88% $13,594
BRIDGELOCK CAPITAL 1 2.88% $18,324
CHERRY CREEK MORTGAGE, LLC 1 3.13% $8,901
CHURCHILL MORTGAGE CORPORATION 1 2.25% $11,594
Constant Investments, Inc. 1 2.75% $15,715
COUNTRY CLUB MORTGAGE, INC. 1 3.25% $13,857
DEL SUR CORPORATION 1 3.25% $17,499
EMBRACE HOME LOANS, INC. 1 2.25% $20,544
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.50% $21,736
FAY SERVICING, LLC 1 3.13% $12,360
FIRST COMMUNITY MORTGAGE, INC. 1 2.63% $15,456
Florida Capital Bank 1 2.63% $14,217
GENEVA FINANCIAL, LLC 1 2.50% $19,579
HOME FUNDING CORPORATION 1 3.00% $16,941
HOMEOWNERS FIRST MORTGAGE, LLC 1 2.50% $24,766
Hometown Lenders, Inc. 1 2.63% $20,983
IAPPROVE LENDING 1 2.25% $14,282
INTELLILOAN, INC. 1 2.88% $21,243
JMAC LENDING, INC. 1 3.00% $11,741
JPMorgan Chase Bank 1 2.99% $13,168
KELLER MORTGAGE, LLC 1 2.25% $14,875
LADERA LENDING, INC. 1 3.25% $11,195
LENDUS, LLC 1 2.75% $24,054
LOANLEADERS OF AMERICA, INC. 1 4.75% $17,490
MASON MCDUFFIE MORTGAGE CORPORATION 1 2.38% $12,189
MK LENDING CORP. 1 2.75% $23,614
MORIA DEVELOPMENT, INC. 1 3.63% $13,587
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.50% $14,916
NETWORK CAPITAL FUNDING CORPORATION 1 2.38% $22,656
NEW WEST LENDING, INC. 1 3.00% $13,532
PARKSIDE LENDING, LLC 1 2.25% $12,506
Plains Commerce Bank 1 2.63% $16,855
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $25,584
Prime Choice Funding Inc. 1 2.63% $15,500
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.63% $29,974
S1L, Inc. 1 3.13% $16,165
The Federal Savings Bank 1 2.50% $20,971
THRIVE MORTGAGE, LLC 1 3.13% $13,249
TOP FLITE FINANCIAL, INC. 1 3.13% $30,508
United Fidelity Funding Corp. 1 2.75% $16,389
VISION ONE MORTGAGE, INC. 1 3.63% $13,004
ACADEMY MORTGAGE CORPORATION 1 2.75% $11,073

The top Oxnard FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 136 FHA loans originated. Their average total fees are $15,303, which is $3,395 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Oxnard FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($7,108), Lakeview Community Capital, LLC ($8,531), Mr. Cooper ( Nationstar Mortgage ) ($8,594), LAKEVIEW LOAN SERVICING, LLC ($9,078) and FREEDOM MORTGAGE CORPORATION ($10,184).

The lowest rate Oxnard FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.46%), STEARNS LENDING, LLC (2.53%), CAPSTONE DIRECT, INC. (2.56%), QUICKEN LOANS, LLC (2.57%) and FREEDOM MORTGAGE CORPORATION (2.63%).

Oxnard FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
OXNARD-THOUSAND OAKS-VENTURA, CA VENTURA 2022 $851,000 $1,089,450 $1,316,900 $1,636,550

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Oxnard (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $747,000 (5.2%) $1,403,071 (11.8%) 2.77 1,066
2018-02-01 $736,250 (-2.4%) $1,362,823 (4.2%) 2.67 1,153
2018-03-01 $729,000 (-4.7%) $1,323,479 (0.1%) 2.56 1,287
2018-04-01 $750,000 (-2.5%) $1,359,521 (2.6%) 2.54 1,410
2018-05-01 $741,500 (-2.1%) $1,318,677 (3.0%) 2.48 1,606
2018-06-01 $739,000 (-1.5%) $1,278,675 (2.4%) 2.46 1,759
2018-07-01 $739,450 (-2.1%) $1,244,409 (-0.2%) 2.47 1,884
2018-08-01 $717,429 (-4.2%) $1,204,740 (-0.3%) 2.40 1,955
2018-09-01 $699,000 (-6.8%) $1,165,838 (-3.3%) 2.35 2,012
2018-10-01 $696,112 (-7.8%) $1,142,132 (-11.0%) 2.35 1,975
2018-11-01 $684,500 (-8.7%) $1,142,143 (-11.1%) 2.32 1,905
2018-12-01 $680,000 (-9.3%) $1,170,638 (-11.8%) 2.35 1,666
2019-01-01 $683,500 (-8.5%) $1,187,787 (-15.3%) 2.36 1,553
2019-02-01 $682,498 (-7.3%) $1,206,620 (-11.5%) 2.30 1,516
2019-03-01 $691,386 (-5.2%) $1,190,230 (-10.1%) 2.26 1,585
2019-04-01 $699,450 (-6.7%) $1,159,486 (-14.7%) 2.22 1,679
2019-05-01 $701,250 (-5.4%) $1,159,532 (-12.1%) 2.19 1,798
2019-06-01 $719,900 (-2.6%) $1,179,852 (-7.7%) 2.25 1,850
2019-07-01 $731,850 (-1.0%) $1,194,510 (-4.0%) 2.29 1,870
2019-08-01 $738,155 (2.9%) $1,180,855 (-2.0%) 2.34 1,790
2019-09-01 $750,386 (7.4%) $1,195,975 (2.6%) 2.40 1,661
2019-10-01 $753,591 (8.3%) $1,206,055 (5.6%) 2.43 1,574
2019-11-01 $725,000 (5.9%) $1,175,197 (2.9%) 2.38 1,534
2019-12-01 $760,725 (11.9%) $1,281,211 (9.5%) 2.54 1,222
2020-01-01 $784,500 (14.8%) $1,317,346 (10.9%) 2.62 1,141
2020-02-01 $795,000 (16.5%) $1,334,259 (10.6%) 2.60 1,129
2020-03-01 $814,475 (17.8%) $1,344,504 (13.0%) 2.55 1,146
2020-04-01 $772,500 (10.4%) $1,244,944 (7.4%) 2.42 1,230
2020-05-01 $795,000 (13.4%) $1,264,031 (9.0%) 2.42 1,325
2020-06-01 $811,725 (12.8%) $1,302,767 (10.4%) 2.39 1,209
2020-07-01 $827,450 (13.1%) $1,347,256 (12.8%) 2.40 1,088
2020-08-01 $829,900 (12.4%) $1,382,364 (17.1%) 2.38 957
2020-09-01 $849,000 (13.1%) $1,439,902 (20.4%) 2.43 877
2020-10-01 $824,900 (9.5%) $1,447,293 (20.0%) 2.36 903
2020-11-01 $799,000 (10.2%) $1,453,937 (23.7%) 2.33 770
2020-12-01 $819,450 (7.7%) $1,515,100 (18.3%) 2.44 611
2021-01-01 $829,900 (5.8%) $1,558,418 (18.3%) 2.48 515
2021-02-01 $879,450 (10.6%) $1,647,063 (23.4%) 2.56 488
2021-03-01 $854,225 (4.9%) $1,507,677 (12.1%) 2.42 518
2021-04-01 $872,250 (12.9%) $1,612,843 (29.6%) 2.36 524
2021-05-01 $869,000 (9.3%) $1,664,130 (31.7%) 2.30 559
2021-06-01 $864,500 (6.5%) $1,767,759 (35.7%) 2.28 624
2021-07-01 $879,900 (6.3%) $1,706,391 (26.7%) 2.32 694
2021-08-01 $849,225 (2.3%) $1,689,285 (22.2%) 2.26 721
2021-09-01 $864,375 (1.8%) $1,757,995 (22.1%) 2.31 712
2021-10-01 $869,000 (5.4%) $1,844,712 (27.5%) 2.32 649
2021-11-01 $885,225 (10.8%) $1,880,535 (29.3%) 2.36 532
2021-12-01 $894,500 (9.2%) $1,987,407 (31.2%) 2.42 431
2022-01-01 $898,900 (8.3%) $2,036,075 (30.7%) 2.43 380
2022-02-01 $895,950 (1.9%) $2,089,978 (26.9%) 2.33 387
2022-03-01 $928,536 (8.7%) $2,044,234 (35.6%) 2.32 447
2022-04-01 $899,900 (3.2%) $1,928,285 (19.6%) 2.15 502
2022-05-01 $914,825 (5.3%) $1,788,961 (7.5%) 2.09 722
2022-06-01 $929,389 (7.5%) $1,709,202 (-3.3%) 2.07 868
2022-07-01 $899,900 (2.3%) $1,538,270 (-9.9%) 2.04 1,108
2022-08-01 $892,500 (5.1%) $1,468,433 (-13.1%) 2.06 1,149
2022-09-01 $879,450 (1.7%) $1,462,754 (-16.8%) 2.06 1,079
2022-10-01 $859,999 (-1.0%) $1,461,684 (-20.8%) 2.02 1,057
2022-11-01 $875,000 (-1.2%) $1,544,463 (-17.9%) 2.10 1,005
2022-12-01 $869,762 (-2.8%) $1,608,327 (-19.1%) 2.17 846
Oxnard's median listing price for 2022-12-01 was $869,762, a difference of $-24,738 (-2.8%) versus the prior year and $-5,238 versus the prior month.

Oxnard's median listing price comes in at 217% of the national average.

Oxnard's average listing price for 2022-12-01 was $1,608,327, a difference of $-379,080 (-19.1%) versus the prior year and $63,864 versus the prior month.

For the 2022-12-01 period, Oxnard had 846 MLS listings, a difference of -159 listings (-16%) versus the prior month and 415 listings (96%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Oxnard (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 62 days 2,063 sqft
2018-02-01 36 days 2,024 sqft
2018-03-01 36 days 2,026 sqft
2018-04-01 37 days 2,051 sqft
2018-05-01 37 days 2,031 sqft
2018-06-01 39 days 2,021 sqft
2018-07-01 42 days 2,031 sqft
2018-08-01 43 days 2,016 sqft
2018-09-01 45 days 1,979 sqft
2018-10-01 50 days 1,962 sqft
2018-11-01 52 days 1,953 sqft
2018-12-01 63 days 1,927 sqft
2019-01-01 68 days 1,895 sqft
2019-02-01 51 days 1,902 sqft
2019-03-01 44 days 1,913 sqft
2019-04-01 40 days 1,942 sqft
2019-05-01 41 days 2,000 sqft
2019-06-01 45 days 2,028 sqft
2019-07-01 46 days 2,049 sqft
2019-08-01 48 days 2,052 sqft
2019-09-01 49 days 2,069 sqft
2019-10-01 51 days 2,071 sqft
2019-11-01 54 days 1,973 sqft
2019-12-01 59 days 2,022 sqft
2020-01-01 65 days 2,100 sqft
2020-02-01 55 days 2,113 sqft
2020-03-01 43 days 2,142 sqft
2020-04-01 48 days 2,066 sqft
2020-05-01 60 days 2,087 sqft
2020-06-01 53 days 2,128 sqft
2020-07-01 45 days 2,146 sqft
2020-08-01 41 days 2,099 sqft
2020-09-01 43 days 2,112 sqft
2020-10-01 41 days 2,081 sqft
2020-11-01 53 days 2,005 sqft
2020-12-01 60 days 2,030 sqft
2021-01-01 56 days 2,023 sqft
2021-02-01 38 days 2,128 sqft
2021-03-01 31 days 2,037 sqft
2021-04-01 36 days 2,055 sqft
2021-05-01 33 days 2,019 sqft
2021-06-01 32 days 2,028 sqft
2021-07-01 36 days 1,988 sqft
2021-08-01 31 days 1,929 sqft
2021-09-01 35 days 1,961 sqft
2021-10-01 37 days 1,961 sqft
2021-11-01 41 days 1,967 sqft
2021-12-01 45 days 1,986 sqft
2022-01-01 41 days 1,959 sqft
2022-02-01 28 days 1,862 sqft
2022-03-01 28 days 1,884 sqft
2022-04-01 26 days 1,895 sqft
2022-05-01 25 days 1,923 sqft
2022-06-01 28 days 1,930 sqft
2022-07-01 33 days 1,900 sqft
2022-08-01 38 days 1,846 sqft
2022-09-01 46 days 1,841 sqft
2022-10-01 51 days 1,854 sqft
2022-11-01 53 days 1,840 sqft
2022-12-01 64 days 1,843 sqft
Oxnard's median listing age (time on market) for 2022-12-01 was 64 days. This is 42% longer than the same period one year ago.

Oxnard's median square footage for active listings during the 2022-12-01 period was 1,843 sqft. One year prior, the average listing was 1,986 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).