Oxnard FHA Loans

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 5.72% for the week of 2022-09-23, compared to the national average (all FHA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 5.52% and one month ago for the week of 2022-08-19, the average rate was 5.03%.

The average rate one year ago was 2.78%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.63%.

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 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. Total Fees
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 $762,000 (5.2%) $1,392,597 (12.1%) 2.81 1,186
2018-02-01 $754,500 (-1.4%) $1,346,101 (1.8%) 2.72 1,262
2018-03-01 $749,900 (-3.9%) $1,326,603 (0.2%) 2.59 1,434
2018-04-01 $773,450 (-0.7%) $1,342,456 (0.7%) 2.60 1,559
2018-05-01 $754,450 (-2.5%) $1,308,361 (1.7%) 2.52 1,764
2018-06-01 $749,950 (-3.2%) $1,274,063 (1.7%) 2.50 1,931
2018-07-01 $749,450 (-2.5%) $1,237,108 (-1.2%) 2.50 2,073
2018-08-01 $732,450 (-4.8%) $1,200,820 (-3.7%) 2.45 2,149
2018-09-01 $709,000 (-7.8%) $1,175,511 (-5.9%) 2.37 2,208
2018-10-01 $699,975 (-10.5%) $1,164,561 (-10.0%) 2.34 2,158
2018-11-01 $699,000 (-9.2%) $1,156,284 (-10.6%) 2.34 2,081
2018-12-01 $699,000 (-9.8%) $1,179,260 (-12.4%) 2.39 1,823
2019-01-01 $698,500 (-8.3%) $1,198,226 (-14.0%) 2.41 1,689
2019-02-01 $698,000 (-7.5%) $1,217,041 (-9.6%) 2.34 1,660
2019-03-01 $710,143 (-5.3%) $1,213,263 (-8.5%) 2.31 1,735
2019-04-01 $725,000 (-6.3%) $1,195,413 (-11.0%) 2.28 1,829
2019-05-01 $735,000 (-2.6%) $1,208,928 (-7.6%) 2.27 1,980
2019-06-01 $749,999 (0.0%) $1,237,010 (-2.9%) 2.31 2,041
2019-07-01 $759,475 (1.3%) $1,243,760 (0.5%) 2.36 2,039
2019-08-01 $760,714 (3.9%) $1,207,502 (0.6%) 2.39 1,905
2019-09-01 $775,000 (9.3%) $1,197,690 (1.9%) 2.46 1,738
2019-10-01 $778,450 (11.2%) $1,223,757 (5.1%) 2.48 1,706
2019-11-01 $749,000 (7.2%) $1,198,902 (3.7%) 2.42 1,667
2019-12-01 $787,000 (12.6%) $1,311,819 (11.2%) 2.62 1,328
2020-01-01 $822,450 (17.8%) $1,365,773 (14.0%) 2.74 1,240
2020-02-01 $849,990 (21.8%) $1,413,497 (16.1%) 2.74 1,236
2020-03-01 $854,000 (20.3%) $1,405,855 (15.9%) 2.67 1,254
2020-04-01 $798,950 (10.2%) $1,299,030 (8.7%) 2.49 1,351
2020-05-01 $819,000 (11.4%) $1,322,877 (9.4%) 2.48 1,446
2020-06-01 $843,495 (12.5%) $1,319,268 (6.7%) 2.46 1,284
2020-07-01 $849,925 (11.9%) $1,366,936 (9.9%) 2.44 1,150
2020-08-01 $859,000 (12.9%) $1,426,763 (18.2%) 2.45 1,013
2020-09-01 $894,000 (15.4%) $1,546,122 (29.1%) 2.55 937
2020-10-01 $874,995 (12.4%) $1,537,513 (25.6%) 2.50 972
2020-11-01 $864,500 (15.4%) $1,622,609 (35.3%) 2.48 838
2020-12-01 $872,000 (10.8%) $1,638,787 (24.9%) 2.56 646
2021-01-01 $855,000 (4.0%) $1,647,350 (20.6%) 2.52 551
2021-02-01 $873,450 (2.8%) $1,676,723 (18.6%) 2.51 681
2021-03-01 $924,500 (8.3%) $1,710,047 (21.6%) 2.59 532
2021-04-01 $945,000 (18.3%) $1,750,099 (34.7%) 2.54 542
2021-05-01 $879,000 (7.3%) $1,877,322 (41.9%) 2.31 574
2021-06-01 $887,450 (5.2%) $1,939,578 (47.0%) 2.31 660
2021-07-01 $897,500 (5.6%) $1,848,019 (35.2%) 2.33 741
2021-08-01 $871,000 (1.4%) $1,735,746 (21.7%) 2.29 762
2021-09-01 $884,000 (-1.1%) $1,791,851 (15.9%) 2.33 755
2021-10-01 $895,000 (2.3%) $1,830,554 (19.1%) 2.36 682
2021-11-01 $894,500 (3.5%) $1,883,512 (16.1%) 2.36 567
2021-12-01 $914,000 (4.8%) $1,980,476 (20.9%) 2.44 456
2022-01-01 $945,000 (10.5%) $2,136,134 (29.7%) 2.52 393
2022-02-01 $922,450 (5.6%) $2,160,154 (28.8%) 2.35 404
2022-03-01 $943,011 (2.0%) $1,960,241 (14.6%) 2.33 462
2022-04-01 $939,000 (-0.6%) $1,883,012 (7.6%) 2.21 531
2022-05-01 $935,000 (6.4%) $1,730,414 (-7.8%) 2.09 755
2022-06-01 $944,389 (6.4%) $1,644,925 (-15.2%) 2.10 922
2022-07-01 $917,500 (2.2%) $1,499,850 (-18.8%) 2.04 1,181
2022-08-01 $899,000 (3.2%) $1,452,169 (-16.3%) 2.07 1,208
Oxnard's median listing price for 2022-08-01 was $899,000, a difference of $28,000 (3.2%) versus the prior year and $-18,500 versus the prior month.

Oxnard's median listing price comes in at 207% of the national average.

Oxnard's average listing price for 2022-08-01 was $1,452,169, a difference of $-283,577 (-16.3%) versus the prior year and $-47,681 versus the prior month.

For the 2022-08-01 period, Oxnard had 1,208 MLS listings, a difference of 27 listings (2%) versus the prior month and 446 listings (59%) 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 65 days 2,095 sqft
2018-02-01 38 days 2,041 sqft
2018-03-01 36 days 2,044 sqft
2018-04-01 38 days 2,083 sqft
2018-05-01 38 days 2,045 sqft
2018-06-01 39 days 2,022 sqft
2018-07-01 42 days 2,029 sqft
2018-08-01 43 days 2,009 sqft
2018-09-01 45 days 1,979 sqft
2018-10-01 50 days 1,959 sqft
2018-11-01 52 days 1,961 sqft
2018-12-01 64 days 1,950 sqft
2019-01-01 68 days 1,917 sqft
2019-02-01 52 days 1,921 sqft
2019-03-01 44 days 1,929 sqft
2019-04-01 40 days 1,974 sqft
2019-05-01 39 days 2,030 sqft
2019-06-01 43 days 2,062 sqft
2019-07-01 47 days 2,078 sqft
2019-08-01 50 days 2,065 sqft
2019-09-01 55 days 2,069 sqft
2019-10-01 53 days 2,071 sqft
2019-11-01 54 days 2,000 sqft
2019-12-01 59 days 2,051 sqft
2020-01-01 65 days 2,133 sqft
2020-02-01 45 days 2,159 sqft
2020-03-01 42 days 2,168 sqft
2020-04-01 47 days 2,100 sqft
2020-05-01 62 days 2,125 sqft
2020-06-01 54 days 2,179 sqft
2020-07-01 45 days 2,184 sqft
2020-08-01 40 days 2,147 sqft
2020-09-01 20 days 2,173 sqft
2020-10-01 35 days 2,159 sqft
2020-11-01 39 days 2,118 sqft
2020-12-01 45 days 2,107 sqft
2021-01-01 51 days 2,086 sqft
2021-02-01 26 days 2,095 sqft
2021-03-01 26 days 2,135 sqft
2021-04-01 29 days 2,139 sqft
2021-05-01 31 days 2,037 sqft
2021-06-01 29 days 2,033 sqft
2021-07-01 33 days 2,006 sqft
2021-08-01 32 days 1,960 sqft
2021-09-01 34 days 1,980 sqft
2021-10-01 36 days 1,986 sqft
2021-11-01 38 days 1,975 sqft
2021-12-01 42 days 1,986 sqft
2022-01-01 41 days 2,010 sqft
2022-02-01 26 days 1,912 sqft
2022-03-01 27 days 1,877 sqft
2022-04-01 25 days 1,895 sqft
2022-05-01 23 days 1,903 sqft
2022-06-01 25 days 1,923 sqft
2022-07-01 29 days 1,926 sqft
2022-08-01 36 days 1,840 sqft
Oxnard's median listing age (time on market) for 2022-08-01 was 36 days. This is 13% longer than the same period one year ago.

Oxnard's median square footage for active listings during the 2022-08-01 period was 1,840 sqft. One year prior, the average listing was 1,960 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).