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 95 lenders originated 927 FHA
loans during 2024. The total origination value was $580,855,000, with an average FHA loan value of
$626,597.
Oxnard FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Oxnard
averaged
0.39%
for the week of 2025-06-20, compared to the national average (all FHA variants) of
0% for the same period.
Oxnard's average FHA mortgage closing costs are $15,913.
The average rate for the prior week (2025-06-13) was
6.68% and
one month ago for the week of 2025-05-16, the
average rate was 6.74%.
The average rate one year ago was 6.89%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.03%.
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 |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
UNITED WHOLESALE MORTGAGE, LLC
|
165
|
6.13%
|
$21,987
|
QUICKEN LOANS, LLC
|
63
|
6.18%
|
$21,551
|
Golden Empire Mortgage, Inc.
|
35
|
6.22%
|
$21,146
|
NEWREZ LLC
|
33
|
6.00%
|
$21,528
|
PENNYMAC LOAN SERVICES, LLC
|
27
|
5.92%
|
$20,995
|
FREEDOM MORTGAGE CORPORATION
|
23
|
5.96%
|
$22,907
|
OCMBC, INC.
|
22
|
6.14%
|
$23,594
|
MLD MORTGAGE INC.
|
18
|
6.19%
|
$17,482
|
AUGUSTA FINANCIAL, INC.
|
18
|
5.89%
|
$22,630
|
CMG MORTGAGE, INC.
|
16
|
6.11%
|
$22,605
|
Sierra Pacific Mortgage Company, Inc.
|
16
|
6.13%
|
$24,555
|
Flagstar Bank, FSB
|
16
|
6.07%
|
$19,680
|
BM Real Estate Services, Inc.
|
13
|
6.16%
|
$21,223
|
Nations Lending Corporation
|
13
|
6.98%
|
$20,273
|
Equity Prime Mortgage LLC
|
13
|
6.61%
|
$21,583
|
Paramount Residential Mortgage Group, Inc.
|
12
|
6.06%
|
$24,779
|
LOANDEPOT.COM, LLC
|
12
|
6.06%
|
$22,907
|
ML Mortgage Corp.
|
12
|
5.99%
|
$21,214
|
DIGNIFIED HOME LOANS, LLC
|
11
|
5.91%
|
$27,687
|
Hometown Equity Mortgage, LLC
|
10
|
5.84%
|
$22,606
|
HOMEAMERICAN MORTGAGE CORPORATION
|
10
|
4.36%
|
$16,602
|
BROKER SOLUTIONS, INC.
|
10
|
6.59%
|
$25,420
|
GUARANTEED RATE, INC.
|
10
|
6.19%
|
$22,943
|
CROSSCOUNTRY MORTGAGE, LLC
|
10
|
6.23%
|
$27,110
|
AXIA FINANCIAL, LLC
|
8
|
5.77%
|
$25,510
|
OPEN MORTGAGE, LLC
|
7
|
6.68%
|
$30,631
|
SUN WEST MORTGAGE COMPANY, INC.
|
7
|
6.05%
|
$27,602
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
7
|
6.25%
|
$29,729
|
AMERICAN FINANCIAL NETWORK, INC.
|
7
|
6.34%
|
$26,040
|
Century Mortgage Company DBA Century Lending Company
|
7
|
5.75%
|
$23,395
|
NATIONS DIRECT MORTGAGE, LLC
|
7
|
6.32%
|
$22,748
|
Mr. Cooper ( Nationstar Mortgage )
|
6
|
6.50%
|
$20,609
|
MOVEMENT MORTGAGE, LLC
|
5
|
6.08%
|
$19,250
|
FIRST COLONY MORTGAGE CORPORATION
|
5
|
6.15%
|
$18,843
|
JMAC LENDING, INC.
|
5
|
5.90%
|
$18,878
|
LAKEVIEW LOAN SERVICING, LLC
|
5
|
6.13%
|
$11,228
|
Shea Mortgage Inc.
|
5
|
6.28%
|
$17,900
|
VILLAGE CAPITAL MORTGAGE
|
5
|
6.50%
|
$18,943
|
Carrington Mortgage Services, LLC
|
4
|
6.72%
|
$20,597
|
GEO-CORP, INC.
|
4
|
7.75%
|
$38,450
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
4
|
5.81%
|
$24,505
|
Lakeview Community Capital, LLC
|
4
|
6.38%
|
$12,782
|
CITY FIRST MORTGAGE SERVICES, L.L.C.
|
3
|
5.96%
|
$25,854
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
3
|
6.38%
|
$23,418
|
PLAZA HOME MORTGAGE, INC.
|
3
|
6.25%
|
$23,504
|
GUILD MORTGAGE COMPANY
|
3
|
6.75%
|
$31,786
|
CAMPOS FINANCIAL CORP.
|
3
|
6.42%
|
$21,614
|
ALAMEDA MORTGAGE CORPORATION
|
3
|
6.08%
|
$20,345
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
2
|
7.25%
|
$36,442
|
BECKAM FUNDING CORP.
|
2
|
7.56%
|
$44,178
|
CENTRAL COAST LENDING, INC.
|
2
|
6.63%
|
$15,147
|
EAGLE HOME MORTGAGE, LLC
|
2
|
5.50%
|
$19,485
|
GUARANTEED RATE AFFINITY, LLC
|
2
|
5.94%
|
$18,014
|
LAND HOME FINANCIAL SERVICES, INC.
|
2
|
7.50%
|
$30,167
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
2
|
6.31%
|
$24,558
|
NATIONWIDE MORTGAGE BANKERS, INC.
|
2
|
7.00%
|
$25,861
|
NORWICH COMMERCIAL GROUP, INC.
|
2
|
6.25%
|
$16,484
|
ONY GLO, INC.
|
2
|
5.31%
|
$13,176
|
PANORAMA MORTGAGE GROUP, LLC
|
2
|
7.00%
|
$29,583
|
U.S. Bank
|
2
|
6.19%
|
$21,245
|
JMJ FINANCIAL GROUP
|
1
|
6.25%
|
$32,176
|
TruHome Solutions, LLC
|
1
|
5.88%
|
$19,582
|
INTELLILOAN, INC.
|
1
|
6.25%
|
$12,679
|
HOMEXPRESS MORTGAGE CORP.
|
1
|
4.99%
|
$16,211
|
American Mortgage & Equity Consultants, Inc.
|
1
|
6.63%
|
$22,472
|
NETWORK CAPITAL FUNDING CORPORATION
|
1
|
7.13%
|
$36,302
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
1
|
6.75%
|
$26,969
|
NEW WAVE LENDING GROUP INC
|
1
|
6.13%
|
$29,460
|
NMSI, INC.
|
1
|
6.00%
|
$26,888
|
ZILLOW HOME LOANS, LLC
|
1
|
6.25%
|
$19,170
|
Home Mortgage Alliance Corp
|
1
|
6.63%
|
$8,482
|
AMERICAN FINANCING CORPORATION
|
1
|
6.00%
|
$26,804
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
6.25%
|
$20,027
|
V.I.P. MORTGAGE, INC.
|
1
|
6.25%
|
$7,466
|
GENEVA FINANCIAL, LLC
|
1
|
6.75%
|
$23,219
|
Franklin Loan Corporation
|
1
|
6.13%
|
$36,218
|
Performance Financial, Inc.
|
1
|
5.63%
|
$21,252
|
PHH Mortgage Corporation
|
1
|
5.88%
|
$16,277
|
Plains Commerce Bank
|
1
|
5.38%
|
$21,935
|
PLANET HOME LENDING, LLC
|
1
|
5.50%
|
$12,434
|
ENVOY MORTGAGE, LTD
|
1
|
6.63%
|
$23,498
|
PNC Bank
|
1
|
6.25%
|
$28,071
|
Cornerstone First Mortgage, Inc
|
1
|
5.75%
|
$26,797
|
S1L, Inc.
|
1
|
6.25%
|
$27,266
|
COASTAL FUNDING SLC, INC.
|
1
|
6.63%
|
$30,183
|
City Lending Inc.
|
1
|
7.75%
|
$31,129
|
ST FIN CORP
|
1
|
5.25%
|
$24,971
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
1
|
5.63%
|
$13,449
|
The Loan Store, Inc.
|
1
|
6.25%
|
$18,855
|
MID AMERICA MORTGAGE, INC.
|
1
|
6.88%
|
$7,109
|
LOANPAL, LLC
|
1
|
5.63%
|
$8,185
|
MORTGAGE CAPITAL PARTNERS, INC.
|
1
|
6.25%
|
$18,708
|
MORTGAGE MANAGEMENT CONSULTANTS, INC.
|
1
|
6.53%
|
$23,548
|
AHL FUNDING
|
1
|
5.63%
|
$30,151
|
LEADERONE FINANCIAL CORPORATION
|
1
|
6.63%
|
$30,479
|
The top Oxnard FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
165 FHA loans originated. Their average total fees are
$21,987, which is $437
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Oxnard FHA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($16,602), MLD MORTGAGE INC. ($17,482), Flagstar Bank, FSB ($19,680), Nations Lending Corporation ($20,273) and PENNYMAC LOAN SERVICES, LLC ($20,995).
The lowest rate Oxnard FHA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION (4.36%), Hometown Equity Mortgage, LLC (5.84%), AUGUSTA FINANCIAL, INC. (5.89%), DIGNIFIED HOME LOANS, LLC (5.91%) and PENNYMAC LOAN SERVICES, LLC (5.92%).
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 |
OXNARD-THOUSAND OAKS-VENTURA, CA |
VENTURA |
2023 |
$948,750 |
$1,214,600 |
$1,468,150 |
$1,824,550 |
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).