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 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).