Oxnard USDA Loans

OXNARD-THOUSAND OAKS-VENTURA, CA

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Oxnard's 7 lenders originated 15 USDA loans during 2021. The total origination value was $9,095,000, with an average USDA loan value of $606,333.

Oxnard USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Oxnard averaged 6.01% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 5.84% and one month ago for the week of 2022-08-19, the average rate was 5.52%.

The average rate one year ago was 2.95%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.62%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Oxnard USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 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
KBHS HOME LOANS, LLC 3 2.75% $11,752
Sierra Pacific Mortgage Company, Inc. 2 2.69% $13,923
DIGNIFIED HOME LOANS, LLC 1 3.25% $10,583
GUILD MORTGAGE COMPANY 1 2.63% $8,102
CALIBER HOME LOANS, INC. 1 2.25% $6,747
NEWREZ LLC 1 2.25% $8,226
RANLIFE, INC. 1 2.63% $8,663

The top Oxnard USDA lender as defined by loan originations is KBHS HOME LOANS, LLC, with 3 USDA loans originated. Their average total fees are $11,752, which is $2,170 lower than the next largest lender, Sierra Pacific Mortgage Company, Inc..

The lowest fee Oxnard USDA lenders (with over 10 loans originated) are .

The lowest rate Oxnard USDA lenders (with over 10 loans originated) are .


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
2022-05-01 $935,000 (6.4%) $1,730,414 (-7.8%) 2.09 755
2022-06-01 $944,389 (6.4%) $1,644,925 (-15.2%) 2.10 922
2022-07-01 $917,500 (2.2%) $1,499,850 (-18.8%) 2.04 1,181
2022-08-01 $899,000 (3.2%) $1,452,169 (-16.3%) 2.07 1,208
Oxnard's median listing price for 2022-08-01 was $899,000, a difference of $28,000 (3.2%) versus the prior year and $-18,500 versus the prior month.

Oxnard's median listing price comes in at 207% of the national average.

Oxnard's average listing price for 2022-08-01 was $1,452,169, a difference of $-283,577 (-16.3%) versus the prior year and $-47,681 versus the prior month.

For the 2022-08-01 period, Oxnard had 1,208 MLS listings, a difference of 27 listings (2%) versus the prior month and 446 listings (59%) 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
2022-05-01 23 days 1,903 sqft
2022-06-01 25 days 1,923 sqft
2022-07-01 29 days 1,926 sqft
2022-08-01 36 days 1,840 sqft
Oxnard's median listing age (time on market) for 2022-08-01 was 36 days. This is 13% longer than the same period one year ago.

Oxnard's median square footage for active listings during the 2022-08-01 period was 1,840 sqft. One year prior, the average listing was 1,960 sqft.