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
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.