Oxnard FHA Loan Rates, Closing Costs & Stats

OXNARD-THOUSAND OAKS-VENTURA, CA

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    • 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 99 lenders originated 1,037 FHA loans during 2022. The total origination value was $550,015,000, with an average FHA loan value of $530,391.

    Oxnard FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Oxnard averaged -0.53% for the week of 2023-06-02, compared to the national average (all FHA variants) of 0% for the same period.

    Oxnard's average FHA mortgage closing costs are $14,420.

    The average rate for the prior week (2023-05-26) was 6.2% and one month ago for the week of 2023-04-28, the average rate was 5.54%.

    The average rate one year ago was 4.4%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.98%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 105 4.70% $20,029
    QUICKEN LOANS, LLC 45 4.50% $19,603
    Golden Empire Mortgage, Inc. 28 4.85% $20,754
    CALIBER HOME LOANS, INC. 24 4.21% $18,313
    Century Mortgage Company DBA Century Lending Company 24 4.38% $20,990
    OCMBC, INC. 22 4.71% $21,415
    BECKAM FUNDING CORP. 20 6.09% $35,443
    Nations Lending Corporation 20 5.08% $18,069
    LOANDEPOT.COM, LLC 20 4.55% $19,209
    EAGLE HOME MORTGAGE, LLC 18 4.42% $21,513
    KBHS HOME LOANS, LLC 17 4.62% $20,352
    HOMEBRIDGE FINANCIAL SERVICES, INC. 16 4.16% $25,668
    HOME POINT FINANCIAL CORPORATION 16 4.47% $18,067
    FREEDOM MORTGAGE CORPORATION 15 4.24% $16,362
    PENNYMAC LOAN SERVICES, LLC 14 3.98% $21,158
    Flagstar Bank, FSB 13 4.67% $19,893
    GUARANTEED RATE, INC. 11 4.97% $17,803
    BROKER SOLUTIONS, INC. 11 5.38% $20,486
    GUILD MORTGAGE COMPANY 10 4.44% $23,038
    MLD MORTGAGE INC. 10 4.23% $17,327
    AUGUSTA FINANCIAL, INC. 10 4.36% $20,854
    CUSTOMER SERVICE MORTGAGE CORPORATION 9 4.94% $18,965
    AMERICAN PACIFIC MORTGAGE CORPORATION 9 4.96% $21,958
    SUN WEST MORTGAGE COMPANY, INC. 8 4.28% $22,252
    LAKEVIEW LOAN SERVICING, LLC 7 4.14% $13,016
    MOVEMENT MORTGAGE, LLC 7 3.73% $19,684
    DIGNIFIED HOME LOANS, LLC 7 3.82% $18,570
    CROSSCOUNTRY MORTGAGE, LLC 6 4.64% $23,818
    Lakeview Community Capital, LLC 6 3.23% $12,056
    FINANCE OF AMERICA MORTGAGE LLC 6 4.71% $16,903
    NATIONS DIRECT MORTGAGE, LLC 6 4.89% $23,408
    HOMEAMERICAN MORTGAGE CORPORATION 5 3.60% $13,880
    MOUNTAIN WEST FINANCIAL, INC. 5 4.68% $20,805
    Mr. Cooper ( Nationstar Mortgage ) 5 3.78% $19,535
    NEWREZ LLC 5 4.32% $12,989
    Paramount Residential Mortgage Group, Inc. 5 4.75% $25,854
    RESIDENTIAL BANCORP. 5 4.08% $26,145
    Sierra Pacific Mortgage Company, Inc. 5 4.68% $22,985
    Equity Prime Mortgage LLC 5 5.10% $24,110
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.65% $20,421
    CAMPOS FINANCIAL CORP. 5 4.60% $21,800
    Carrington Mortgage Services, LLC 5 4.35% $15,826
    AMERISAVE MORTGAGE CORPORATION 5 5.03% $17,165
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 5 4.28% $20,575
    CAPSTONE DIRECT, INC. 4 4.53% $19,950
    DRAPER AND KRAMER MORTGAGE CORP. 4 5.56% $19,411
    Prosperity Home Mortgage, LLC 3 4.29% $17,022
    LOANLEADERS OF AMERICA, INC. 3 4.21% $20,921
    CMG MORTGAGE, INC. 3 4.58% $19,413
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.25% $25,299
    INTELLILOAN, INC. 2 5.38% $22,366
    Pacific Lending LLC 2 4.44% $22,274
    MUFG Union Bank 2 3.75% $13,573
    ONY GLO, INC. 2 3.75% $17,991
    FBC MORTGAGE, LLC 2 5.56% $24,382
    SECURITYNATIONAL MORTGAGE COMPANY 2 5.88% $19,077
    VILLAGE CAPITAL MORTGAGE 2 2.81% $9,091
    CARDINAL FINANCIAL 2 4.50% $21,268
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.63% $26,586
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.56% $30,115
    Hometown Equity Mortgage, LLC 2 2.69% $31,350
    Wells Fargo Bank 1 5.63% $14,153
    AMERICAN FINANCING CORPORATION 1 5.00% $20,216
    AMERIFIRST FINANCIAL CORPORATION 1 3.88% $30,060
    AmeriHome Mortgage Company, LLC 1 2.99% $6,953
    ANGEL OAK HOME LOANS LLC 1 5.13% $25,986
    BAY EQUITY LLC 1 5.13% $16,485
    BELEM SERVICING LLC 1 1.75% $25,670
    BM Real Estate Services, Inc. 1 4.25% $13,491
    CALCON MUTUAL MORTGAGE LLC 1 4.75% $21,860
    Citizens Bank 1 2.50% $24,229
    COASTAL FUNDING SLC, INC. 1 4.13% $28,011
    Cornerstone First Mortgage, Inc 1 3.25% $17,267
    CORNERSTONE HOME LENDING, INC. 1 3.25% $14,069
    DEL SUR CORPORATION 1 4.75% $24,479
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.63% $26,043
    First Bank 1 4.13% $29,136
    GENEVA FINANCIAL, LLC 1 3.00% $24,738
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.25% $21,710
    HighTechLending Inc 1 3.13% $16,520
    HOME APPROVALS DIRECT, INC. 1 3.75% $18,010
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 4.00% $18,356
    HOMEXPRESS MORTGAGE CORP. 1 4.63% $20,906
    JPMorgan Chase Bank 1 6.49% $15,357
    LADERA LENDING, INC. 1 4.00% $12,480
    MK LENDING CORP. 1 5.13% $21,075
    NETWORK CAPITAL FUNDING CORPORATION 1 5.25% $25,526
    PANORAMA MORTGAGE GROUP, LLC 1 5.50% $43,428
    PARTNERS UNITED FINANCIAL, LLC 1 4.99% $24,235
    Plains Commerce Bank 1 5.63% $8,044
    PLAZA HOME MORTGAGE, INC. 1 6.13% $41,600
    Residential Mortgage Solutions, Inc. 1 6.13% $26,835
    S1L, Inc. 1 5.25% $33,363
    The Federal Savings Bank 1 7.63% $11,487
    U.S. Bank 1 6.50% $10,664
    VERITAS FUNDING, LLC 1 4.75% $19,473
    WALL FINANCIAL, INC. 1 4.13% $19,835
    Watermark Capital, Inc. 1 3.99% $30,516
    AMCAP MORTGAGE, LTD. 1 4.63% $30,247

    The top Oxnard FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 105 FHA loans originated. Their average total fees are $20,029, which is $426 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Oxnard FHA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($16,362), MLD MORTGAGE INC. ($17,327), GUARANTEED RATE, INC. ($17,803), HOME POINT FINANCIAL CORPORATION ($18,067) and Nations Lending Corporation ($18,069).

    The lowest rate Oxnard FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.98%), HOMEBRIDGE FINANCIAL SERVICES, INC. (4.16%), CALIBER HOME LOANS, INC. (4.21%), MLD MORTGAGE INC. (4.23%) and FREEDOM MORTGAGE CORPORATION (4.24%).

    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

    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%) 2.68 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 (-2.2%) $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%) $1,142,578 (-11.0%) 2.36 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%) 2.31 1,516
    2019-03-01 $691,386 (-5.2%) $1,190,227 (-10.1%) 2.26 1,585
    2019-04-01 $699,450 (-6.7%) $1,159,280 (-14.7%) 2.22 1,679
    2019-05-01 $701,250 (-5.4%) $1,159,522 (-12.1%) 2.19 1,798
    2019-06-01 $719,900 (-2.6%) $1,179,845 (-7.7%) 2.25 1,849
    2019-07-01 $731,850 (-1.0%) $1,194,510 (-4.0%) 2.29 1,868
    2019-08-01 $738,032 (2.9%) $1,180,900 (-2.0%) 2.34 1,788
    2019-09-01 $750,080 (7.3%) $1,196,088 (2.6%) 2.40 1,659
    2019-10-01 $753,386 (8.2%) $1,206,214 (5.6%) 2.43 1,572
    2019-11-01 $725,000 (5.9%) $1,175,328 (2.9%) 2.38 1,532
    2019-12-01 $757,500 (11.4%) $1,281,551 (9.5%) 2.53 1,220
    2020-01-01 $784,425 (14.8%) $1,317,768 (10.9%) 2.62 1,139
    2020-02-01 $795,000 (16.5%) $1,334,703 (10.6%) 2.61 1,127
    2020-03-01 $812,700 (17.6%) $1,344,927 (13.0%) 2.55 1,144
    2020-04-01 $772,475 (10.4%) $1,245,209 (7.4%) 2.42 1,228
    2020-05-01 $793,750 (13.2%) $1,264,305 (9.0%) 2.41 1,323
    2020-06-01 $811,450 (12.7%) $1,303,034 (10.4%) 2.39 1,207
    2020-07-01 $827,000 (13.0%) $1,347,702 (12.8%) 2.40 1,086
    2020-08-01 $829,000 (12.3%) $1,382,900 (17.1%) 2.38 955
    2020-09-01 $849,000 (13.2%) $1,440,603 (20.4%) 2.43 875
    2020-10-01 $824,500 (9.4%) $1,447,968 (20.0%) 2.36 901
    2020-11-01 $799,000 (10.2%) $1,454,401 (23.7%) 2.34 768
    2020-12-01 $819,450 (8.2%) $1,516,175 (18.3%) 2.44 609
    2021-01-01 $825,450 (5.2%) $1,559,942 (18.4%) 2.46 513
    2021-02-01 $879,450 (10.6%) $1,649,048 (23.6%) 2.56 486
    2021-03-01 $854,450 (5.1%) $1,508,318 (12.2%) 2.43 517
    2021-04-01 $870,000 (12.6%) $1,614,377 (29.7%) 2.35 522
    2021-05-01 $869,000 (9.5%) $1,665,611 (31.7%) 2.31 557
    2021-06-01 $864,500 (6.5%) $1,768,873 (35.8%) 2.28 622
    2021-07-01 $879,900 (6.4%) $1,707,806 (26.7%) 2.32 692
    2021-08-01 $849,000 (2.4%) $1,689,268 (22.2%) 2.26 719
    2021-09-01 $864,375 (1.8%) $1,759,575 (22.1%) 2.31 710
    2021-10-01 $869,000 (5.4%) $1,846,575 (27.5%) 2.32 647
    2021-11-01 $885,225 (10.8%) $1,882,719 (29.5%) 2.37 530
    2021-12-01 $894,500 (9.2%) $1,990,544 (31.3%) 2.43 429
    2022-01-01 $898,900 (8.9%) $2,040,139 (30.8%) 2.43 378
    2022-02-01 $895,950 (1.9%) $2,094,019 (27.0%) 2.33 385
    2022-03-01 $928,536 (8.7%) $2,046,090 (35.7%) 2.32 445
    2022-04-01 $899,900 (3.4%) $1,930,673 (19.6%) 2.15 500
    2022-05-01 $914,825 (5.3%) $1,790,597 (7.5%) 2.09 720
    2022-06-01 $929,210 (7.5%) $1,709,993 (-3.3%) 2.07 866
    2022-07-01 $899,900 (2.3%) $1,538,329 (-9.9%) 2.03 1,106
    2022-08-01 $892,500 (5.1%) $1,469,063 (-13.0%) 2.06 1,147
    2022-09-01 $879,450 (1.7%) $1,463,340 (-16.8%) 2.06 1,077
    2022-10-01 $859,999 (-1.0%) $1,462,341 (-20.8%) 2.02 1,055
    2022-11-01 $875,000 (-1.2%) $1,545,311 (-17.9%) 2.10 1,003
    2022-12-01 $871,000 (-2.6%) $1,617,338 (-18.8%) 2.15 835
    2023-01-01 $873,725 (-2.8%) $1,698,414 (-16.8%) 2.17 708
    2023-02-01 $932,500 (4.1%) $1,812,681 (-13.4%) 2.25 629
    2023-03-01 $944,500 (1.7%) $2,020,304 (-1.3%) 2.23 598
    2023-04-01 $985,000 (9.5%) $2,079,376 (7.7%) 2.29 571
    2023-05-01 $1,073,191 (17.3%) $2,180,613 (21.8%) 2.43 579
    Oxnard's median listing price for 2023-05-01 was $1,073,191, a difference of $158,366 (17.3%) versus the prior year and $88,191 versus the prior month.

    Oxnard's median listing price comes in at 243% of the national average.

    Oxnard's average listing price for 2023-05-01 was $2,180,613, a difference of $390,016 (21.8%) versus the prior year and $101,237 versus the prior month.

    For the 2023-05-01 period, Oxnard had 579 MLS listings, a difference of 8 listings (1%) versus the prior month and -141 listings (-20%) 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 61 days 2,062 sqft
    2018-02-01 35 days 2,024 sqft
    2018-03-01 35 days 2,024 sqft
    2018-04-01 37 days 2,049 sqft
    2018-05-01 36 days 2,031 sqft
    2018-06-01 38 days 2,021 sqft
    2018-07-01 41 days 2,031 sqft
    2018-08-01 43 days 2,014 sqft
    2018-09-01 44 days 1,979 sqft
    2018-10-01 48 days 1,962 sqft
    2018-11-01 51 days 1,953 sqft
    2018-12-01 61 days 1,931 sqft
    2019-01-01 67 days 1,895 sqft
    2019-02-01 50 days 1,903 sqft
    2019-03-01 43 days 1,913 sqft
    2019-04-01 39 days 1,942 sqft
    2019-05-01 40 days 2,000 sqft
    2019-06-01 44 days 2,027 sqft
    2019-07-01 45 days 2,047 sqft
    2019-08-01 47 days 2,051 sqft
    2019-09-01 48 days 2,067 sqft
    2019-10-01 50 days 2,069 sqft
    2019-11-01 53 days 1,971 sqft
    2019-12-01 58 days 2,020 sqft
    2020-01-01 63 days 2,099 sqft
    2020-02-01 52 days 2,113 sqft
    2020-03-01 41 days 2,135 sqft
    2020-04-01 48 days 2,063 sqft
    2020-05-01 59 days 2,084 sqft
    2020-06-01 52 days 2,126 sqft
    2020-07-01 45 days 2,146 sqft
    2020-08-01 40 days 2,096 sqft
    2020-09-01 42 days 2,103 sqft
    2020-10-01 39 days 2,074 sqft
    2020-11-01 52 days 2,002 sqft
    2020-12-01 57 days 2,024 sqft
    2021-01-01 54 days 2,021 sqft
    2021-02-01 35 days 2,119 sqft
    2021-03-01 28 days 2,040 sqft
    2021-04-01 34 days 2,052 sqft
    2021-05-01 33 days 2,009 sqft
    2021-06-01 31 days 2,022 sqft
    2021-07-01 35 days 1,978 sqft
    2021-08-01 31 days 1,924 sqft
    2021-09-01 34 days 1,958 sqft
    2021-10-01 36 days 1,960 sqft
    2021-11-01 40 days 1,965 sqft
    2021-12-01 45 days 1,984 sqft
    2022-01-01 40 days 1,954 sqft
    2022-02-01 27 days 1,858 sqft
    2022-03-01 27 days 1,879 sqft
    2022-04-01 25 days 1,894 sqft
    2022-05-01 25 days 1,920 sqft
    2022-06-01 27 days 1,923 sqft
    2022-07-01 33 days 1,900 sqft
    2022-08-01 37 days 1,845 sqft
    2022-09-01 46 days 1,840 sqft
    2022-10-01 51 days 1,853 sqft
    2022-11-01 53 days 1,838 sqft
    2022-12-01 63 days 1,842 sqft
    2023-01-01 67 days 1,858 sqft
    2023-02-01 43 days 1,892 sqft
    2023-03-01 42 days 1,880 sqft
    2023-04-01 43 days 1,991 sqft
    2023-05-01 39 days 2,024 sqft
    Oxnard's median listing age (time on market) for 2023-05-01 was 39 days. This is 54% longer than the same period one year ago.

    Oxnard's median square footage for active listings during the 2023-05-01 period was 2,024 sqft. One year prior, the average listing was 1,920 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).