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 89 lenders originated 682 FHA loans during 2023. The total origination value was $413,220,000, with an average FHA loan value of $605,894.
Oxnard FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Oxnard
averaged
6.2%
for the week of 2024-12-06, compared to the national average (all FHA variants) of
6.363% for the same period.
Oxnard's average FHA mortgage closing costs are $15,200.
The average rate for the prior week (2024-11-29) was
6.24% and
one month ago for the week of 2024-11-01, the
average rate was 6.44%.
The average rate one year ago was 6.76%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.27%.
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.
The top Oxnard FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
125 FHA loans originated. Their average total fees are
$24,823, which is $3,141
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Oxnard FHA lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC ($21,581), QUICKEN LOANS, LLC ($21,682), AUGUSTA FINANCIAL, INC. ($21,690), OCMBC, INC. ($22,797) and NEWREZ LLC ($23,772).
The lowest rate Oxnard FHA lenders (with over 10 loans originated) are
NEWREZ LLC (5.77%), QUICKEN LOANS, LLC (6.02%), UNITED WHOLESALE MORTGAGE, LLC (6.02%), AUGUSTA FINANCIAL, INC. (6.07%) and DIGNIFIED HOME LOANS, LLC (6.16%).
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $748,350 (5.4%) | $1,408,395 (12.3%) | 2.77 | 1,068 |
2018-02-01 | $738,000 (-2.1%) | $1,367,883 (4.6%) | 2.68 | 1,155 |
2018-03-01 | $729,900 (-4.6%) | $1,328,219 (0.5%) | 2.56 | 1,288 |
2018-04-01 | $750,000 (-2.5%) | $1,363,833 (2.9%) | 2.54 | 1,411 |
2018-05-01 | $741,725 (-2.2%) | $1,322,529 (3.2%) | 2.48 | 1,607 |
2018-06-01 | $739,000 (-1.5%) | $1,282,303 (2.7%) | 2.46 | 1,759 |
2018-07-01 | $739,450 (-2.1%) | $1,249,036 (0.2%) | 2.47 | 1,884 |
2018-08-01 | $717,450 (-4.2%) | $1,207,856 (-0.1%) | 2.40 | 1,956 |
2018-09-01 | $699,000 (-6.8%) | $1,165,838 (-3.3%) | 2.35 | 2,012 |
2018-10-01 | $696,112 (-8.1%) | $1,142,578 (-11.2%) | 2.36 | 1,975 |
2018-11-01 | $684,500 (-8.7%) | $1,142,143 (-11.4%) | 2.32 | 1,905 |
2018-12-01 | $680,000 (-9.3%) | $1,170,638 (-12.1%) | 2.35 | 1,666 |
2019-01-01 | $683,500 (-8.7%) | $1,187,763 (-15.7%) | 2.36 | 1,553 |
2019-02-01 | $682,500 (-7.5%) | $1,207,077 (-11.8%) | 2.31 | 1,517 |
2019-03-01 | $691,386 (-5.3%) | $1,190,675 (-10.4%) | 2.26 | 1,586 |
2019-04-01 | $699,450 (-6.7%) | $1,159,312 (-15.0%) | 2.22 | 1,679 |
2019-05-01 | $701,250 (-5.5%) | $1,158,950 (-12.4%) | 2.19 | 1,798 |
2019-06-01 | $719,900 (-2.6%) | $1,179,301 (-8.0%) | 2.25 | 1,849 |
2019-07-01 | $731,850 (-1.0%) | $1,193,959 (-4.4%) | 2.29 | 1,868 |
2019-08-01 | $737,909 (2.9%) | $1,180,203 (-2.3%) | 2.34 | 1,788 |
2019-09-01 | $749,773 (7.3%) | $1,195,174 (2.5%) | 2.40 | 1,658 |
2019-10-01 | $753,182 (8.2%) | $1,205,155 (5.5%) | 2.43 | 1,571 |
2019-11-01 | $725,000 (5.9%) | $1,174,197 (2.8%) | 2.38 | 1,531 |
2019-12-01 | $757,500 (11.4%) | $1,280,148 (9.4%) | 2.53 | 1,219 |
2020-01-01 | $783,213 (14.6%) | $1,316,301 (10.8%) | 2.62 | 1,138 |
2020-02-01 | $795,000 (16.5%) | $1,333,271 (10.5%) | 2.60 | 1,126 |
2020-03-01 | $812,238 (17.5%) | $1,343,619 (12.9%) | 2.55 | 1,143 |
2020-04-01 | $772,475 (10.4%) | $1,243,862 (7.3%) | 2.42 | 1,227 |
2020-05-01 | $792,500 (13.0%) | $1,263,061 (9.0%) | 2.41 | 1,322 |
2020-06-01 | $811,225 (12.7%) | $1,301,721 (10.4%) | 2.39 | 1,206 |
2020-07-01 | $827,000 (13.0%) | $1,347,027 (12.8%) | 2.40 | 1,086 |
2020-08-01 | $829,000 (12.3%) | $1,382,900 (17.2%) | 2.38 | 955 |
2020-09-01 | $849,000 (13.2%) | $1,440,603 (20.5%) | 2.43 | 875 |
2020-10-01 | $824,500 (9.5%) | $1,447,968 (20.2%) | 2.36 | 901 |
2020-11-01 | $799,000 (10.2%) | $1,454,401 (23.9%) | 2.34 | 768 |
2020-12-01 | $819,450 (8.2%) | $1,516,175 (18.4%) | 2.44 | 609 |
2021-01-01 | $825,450 (5.4%) | $1,559,942 (18.5%) | 2.46 | 513 |
2021-02-01 | $879,450 (10.6%) | $1,649,048 (23.7%) | 2.56 | 486 |
2021-03-01 | $854,450 (5.2%) | $1,508,318 (12.3%) | 2.42 | 517 |
2021-04-01 | $870,000 (12.6%) | $1,614,377 (29.8%) | 2.35 | 522 |
2021-05-01 | $869,000 (9.7%) | $1,665,611 (31.9%) | 2.31 | 557 |
2021-06-01 | $864,500 (6.6%) | $1,768,873 (35.9%) | 2.28 | 622 |
2021-07-01 | $879,900 (6.4%) | $1,707,806 (26.8%) | 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%) | 2.42 | 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%) | 2.16 | 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 | $1,076,408 (17.7%) | $2,181,585 (21.8%) | 2.44 | 578 |
2023-06-01 | $1,018,627 (9.6%) | $2,160,677 (26.4%) | 2.29 | 618 |
2023-07-01 | $1,075,000 (19.5%) | $2,129,812 (38.5%) | 2.44 | 666 |
2023-08-01 | $1,021,225 (14.4%) | $2,050,014 (39.6%) | 2.35 | 684 |
2023-09-01 | $1,092,500 (24.2%) | $2,078,094 (42.0%) | 2.54 | 688 |
2023-10-01 | $1,050,000 (22.1%) | $1,957,512 (33.9%) | 2.47 | 735 |
2023-11-01 | $1,037,222 (18.5%) | $1,919,229 (24.2%) | 2.47 | 756 |
2023-12-01 | $1,049,000 (20.4%) | $1,950,966 (20.6%) | 2.56 | 666 |
2024-01-01 | $1,057,000 (21.0%) | $1,998,235 (17.7%) | 2.58 | 626 |
2024-02-01 | $1,095,750 (17.5%) | $2,034,108 (12.2%) | 2.64 | 626 |
2024-03-01 | $1,065,000 (12.8%) | $2,145,494 (6.2%) | 2.51 | 679 |
2024-04-01 | $1,094,250 (11.1%) | $2,115,471 (1.7%) | 2.55 | 753 |
2024-05-01 | $1,194,000 (10.9%) | $2,212,800 (1.4%) | 2.70 | 836 |
2024-06-01 | $1,100,000 (8.0%) | $2,043,694 (-5.4%) | 2.47 | 967 |
2024-07-01 | $1,093,500 (1.7%) | $1,911,495 (-10.3%) | 2.50 | 1,019 |
2024-08-01 | $1,050,000 (2.8%) | $1,862,606 (-9.1%) | 2.44 | 1,057 |
2024-09-01 | $999,350 (-8.5%) | $1,781,514 (-14.3%) | 2.35 | 1,059 |
2024-10-01 | $999,125 (-4.9%) | $1,757,200 (-10.2%) | 2.35 | 1,064 |
2024-11-01 | $999,900 (-3.6%) | $1,747,073 (-9.0%) | 0.00 | 982 |
Oxnard's median listing price comes in at 0% of the national average.
Oxnard's average listing price for 2024-11-01 was $1,747,073, a difference of $-172,156 (-9.0%) versus the prior year and $-10,127 versus the prior month.
For the 2024-11-01 period, Oxnard had 982 MLS listings, a difference of -82 listings (-8%) versus the prior month and 226 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Oxnard (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 62 days | 2,064 sqft |
2018-02-01 | 35 days | 2,025 sqft |
2018-03-01 | 35 days | 2,025 sqft |
2018-04-01 | 37 days | 2,053 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 | 2,015 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 | 40 days | 1,943 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 | 2,068 sqft |
2019-11-01 | 53 days | 1,972 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 | 2,134 sqft |
2020-04-01 | 48 days | 2,062 sqft |
2020-05-01 | 59 days | 2,084 sqft |
2020-06-01 | 52 days | 2,126 sqft |
2020-07-01 | 45 days | 2,144 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 | 2,118 sqft |
2021-03-01 | 28 days | 2,036 sqft |
2021-04-01 | 34 days | 2,050 sqft |
2021-05-01 | 33 days | 2,007 sqft |
2021-06-01 | 31 days | 2,021 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 | 1,963 sqft |
2021-12-01 | 45 days | 1,983 sqft |
2022-01-01 | 40 days | 1,952 sqft |
2022-02-01 | 27 days | 1,858 sqft |
2022-03-01 | 27 days | 1,877 sqft |
2022-04-01 | 25 days | 1,894 sqft |
2022-05-01 | 25 days | 1,920 sqft |
2022-06-01 | 27 days | 1,922 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 | 1,854 sqft |
2022-11-01 | 53 days | 1,839 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 | 2,025 sqft |
2023-06-01 | 38 days | 1,933 sqft |
2023-07-01 | 38 days | 1,962 sqft |
2023-08-01 | 42 days | 1,957 sqft |
2023-09-01 | 42 days | 1,988 sqft |
2023-10-01 | 41 days | 1,956 sqft |
2023-11-01 | 44 days | 1,940 sqft |
2023-12-01 | 56 days | 1,950 sqft |
2024-01-01 | 60 days | 1,946 sqft |
2024-02-01 | 41 days | 1,936 sqft |
2024-03-01 | 37 days | 1,936 sqft |
2024-04-01 | 36 days | 1,961 sqft |
2024-05-01 | 33 days | 2,017 sqft |
2024-06-01 | 36 days | 1,940 sqft |
2024-07-01 | 41 days | 1,943 sqft |
2024-08-01 | 44 days | 1,937 sqft |
2024-09-01 | 46 days | 1,904 sqft |
2024-10-01 | 47 days | 1,887 sqft |
2024-11-01 | 0 days | 1,897 sqft |
Oxnard's median square footage for active listings during the 2024-11-01 period was 1,897 sqft. One year prior, the average listing was 1,940 sqft.