Oxnard FHA Loans

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 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 4.99% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

    The average rate for the prior week (2022-05-13) was 5.09% and one month ago for the week of 2022-04-15, the average rate was 4.99%.

    The average rate one year ago was 3.06%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.01%.

    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 & INVESTMENT LLC 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 & INVESTMENT LLC ($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 & INVESTMENT LLC (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
    Oxnard's median listing price for 2022-04-01 was $939,000, a difference of $-6,000 (-0.6%) versus the prior year and $-4,011 versus the prior month.

    Oxnard's median listing price comes in at 221% of the national average.

    Oxnard's average listing price for 2022-04-01 was $1,883,012, a difference of $132,913 (7.6%) versus the prior year and $-77,229 versus the prior month.

    For the 2022-04-01 period, Oxnard had 531 MLS listings, a difference of 69 listings (15%) versus the prior month and -11 listings (-2%) 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
    Oxnard's median listing age (time on market) for 2022-04-01 was 25 days. This is -12% shorter than the same period one year ago.

    Oxnard's median square footage for active listings during the 2022-04-01 period was 1,895 sqft. One year prior, the average listing was 2,139 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).