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%.
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
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. LouisDate | 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 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. LouisDate | 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 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.