Oxnard VA Loan Rates, Closing Costs & Stats
OXNARD-THOUSAND OAKS-VENTURA, CA
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Oxnard's 161 lenders originated 2,768 VA loans during 2021. The total origination value was $1,505,560,000, with an average VA loan value of $543,916.
Oxnard VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Oxnard
averaged
0.35%
for the week of 2023-01-20, compared to the national average (all VA variants) of
0% for the same period.
Oxnard's average VA mortgage closing costs are $7,938.
The average rate for the prior week (2023-01-13) was
6.43% and
one month ago for the week of 2022-12-16, the
average rate was 6.11%.
The average rate one year ago was 3.71%.
For refis of the same type during the week of 2023-01-20, the average rate
was -0.03%.
Oxnard VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Oxnard level.
The top Oxnard VA lender as defined by loan originations is QUICKEN LOANS, LLC, with
247 VA loans originated. Their average total fees are
$5,710, which is $1,352
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Oxnard VA lenders (with over 10 loans originated) are
Lakeview Community Capital, LLC ($2,866), LAKEVIEW LOAN SERVICING, LLC ($3,182), FREEDOM MORTGAGE CORPORATION ($4,358), Mr. Cooper ( Nationstar Mortgage ) ($4,572) and DIGNIFIED HOME LOANS, LLC ($4,791).
The lowest rate Oxnard VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE (2.14%), CLEARPATH LENDING (2.24%), BNC National Bank (2.25%), PENNYMAC LOAN SERVICES, LLC (2.28%) and PENTAGON FEDERAL CREDIT UNION (2.34%).
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%) | 2.67 | 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 (-2.1%) | $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%) | $1,142,132 (-11.0%) | 2.35 | 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%) | 2.30 | 1,516 |
2019-03-01 | $691,386 (-5.2%) | $1,190,230 (-10.1%) | 2.26 | 1,585 |
2019-04-01 | $699,450 (-6.7%) | $1,159,486 (-14.7%) | 2.22 | 1,679 |
2019-05-01 | $701,250 (-5.4%) | $1,159,532 (-12.1%) | 2.19 | 1,798 |
2019-06-01 | $719,900 (-2.6%) | $1,179,852 (-7.7%) | 2.25 | 1,850 |
2019-07-01 | $731,850 (-1.0%) | $1,194,510 (-4.0%) | 2.29 | 1,870 |
2019-08-01 | $738,155 (2.9%) | $1,180,855 (-2.0%) | 2.34 | 1,790 |
2019-09-01 | $750,386 (7.4%) | $1,195,975 (2.6%) | 2.40 | 1,661 |
2019-10-01 | $753,591 (8.3%) | $1,206,055 (5.6%) | 2.43 | 1,574 |
2019-11-01 | $725,000 (5.9%) | $1,175,197 (2.9%) | 2.38 | 1,534 |
2019-12-01 | $760,725 (11.9%) | $1,281,211 (9.5%) | 2.54 | 1,222 |
2020-01-01 | $784,500 (14.8%) | $1,317,346 (10.9%) | 2.62 | 1,141 |
2020-02-01 | $795,000 (16.5%) | $1,334,259 (10.6%) | 2.60 | 1,129 |
2020-03-01 | $814,475 (17.8%) | $1,344,504 (13.0%) | 2.55 | 1,146 |
2020-04-01 | $772,500 (10.4%) | $1,244,944 (7.4%) | 2.42 | 1,230 |
2020-05-01 | $795,000 (13.4%) | $1,264,031 (9.0%) | 2.42 | 1,325 |
2020-06-01 | $811,725 (12.8%) | $1,302,767 (10.4%) | 2.39 | 1,209 |
2020-07-01 | $827,450 (13.1%) | $1,347,256 (12.8%) | 2.40 | 1,088 |
2020-08-01 | $829,900 (12.4%) | $1,382,364 (17.1%) | 2.38 | 957 |
2020-09-01 | $849,000 (13.1%) | $1,439,902 (20.4%) | 2.43 | 877 |
2020-10-01 | $824,900 (9.5%) | $1,447,293 (20.0%) | 2.36 | 903 |
2020-11-01 | $799,000 (10.2%) | $1,453,937 (23.7%) | 2.33 | 770 |
2020-12-01 | $819,450 (7.7%) | $1,515,100 (18.3%) | 2.44 | 611 |
2021-01-01 | $829,900 (5.8%) | $1,558,418 (18.3%) | 2.48 | 515 |
2021-02-01 | $879,450 (10.6%) | $1,647,063 (23.4%) | 2.56 | 488 |
2021-03-01 | $854,225 (4.9%) | $1,507,677 (12.1%) | 2.42 | 518 |
2021-04-01 | $872,250 (12.9%) | $1,612,843 (29.6%) | 2.36 | 524 |
2021-05-01 | $869,000 (9.3%) | $1,664,130 (31.7%) | 2.30 | 559 |
2021-06-01 | $864,500 (6.5%) | $1,767,759 (35.7%) | 2.28 | 624 |
2021-07-01 | $879,900 (6.3%) | $1,706,391 (26.7%) | 2.32 | 694 |
2021-08-01 | $849,225 (2.3%) | $1,689,285 (22.2%) | 2.26 | 721 |
2021-09-01 | $864,375 (1.8%) | $1,757,995 (22.1%) | 2.31 | 712 |
2021-10-01 | $869,000 (5.4%) | $1,844,712 (27.5%) | 2.32 | 649 |
2021-11-01 | $885,225 (10.8%) | $1,880,535 (29.3%) | 2.36 | 532 |
2021-12-01 | $894,500 (9.2%) | $1,987,407 (31.2%) | 2.42 | 431 |
2022-01-01 | $898,900 (8.3%) | $2,036,075 (30.7%) | 2.43 | 380 |
2022-02-01 | $895,950 (1.9%) | $2,089,978 (26.9%) | 2.33 | 387 |
2022-03-01 | $928,536 (8.7%) | $2,044,234 (35.6%) | 2.32 | 447 |
2022-04-01 | $899,900 (3.2%) | $1,928,285 (19.6%) | 2.15 | 502 |
2022-05-01 | $914,825 (5.3%) | $1,788,961 (7.5%) | 2.09 | 722 |
2022-06-01 | $929,389 (7.5%) | $1,709,202 (-3.3%) | 2.07 | 868 |
2022-07-01 | $899,900 (2.3%) | $1,538,270 (-9.9%) | 2.04 | 1,108 |
2022-08-01 | $892,500 (5.1%) | $1,468,433 (-13.1%) | 2.06 | 1,149 |
2022-09-01 | $879,450 (1.7%) | $1,462,754 (-16.8%) | 2.06 | 1,079 |
2022-10-01 | $859,999 (-1.0%) | $1,461,684 (-20.8%) | 2.02 | 1,057 |
2022-11-01 | $875,000 (-1.2%) | $1,544,463 (-17.9%) | 2.10 | 1,005 |
2022-12-01 | $869,762 (-2.8%) | $1,608,327 (-19.1%) | 2.17 | 846 |
Oxnard's median listing price comes in at 217% of the national average.
Oxnard's average listing price for 2022-12-01 was $1,608,327, a difference of $-379,080 (-19.1%) versus the prior year and $63,864 versus the prior month.
For the 2022-12-01 period, Oxnard had 846 MLS listings, a difference of -159 listings (-16%) versus the prior month and 415 listings (96%) 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 | 2,063 sqft |
2018-02-01 | 36 days | 2,024 sqft |
2018-03-01 | 36 days | 2,026 sqft |
2018-04-01 | 37 days | 2,051 sqft |
2018-05-01 | 37 days | 2,031 sqft |
2018-06-01 | 39 days | 2,021 sqft |
2018-07-01 | 42 days | 2,031 sqft |
2018-08-01 | 43 days | 2,016 sqft |
2018-09-01 | 45 days | 1,979 sqft |
2018-10-01 | 50 days | 1,962 sqft |
2018-11-01 | 52 days | 1,953 sqft |
2018-12-01 | 63 days | 1,927 sqft |
2019-01-01 | 68 days | 1,895 sqft |
2019-02-01 | 51 days | 1,902 sqft |
2019-03-01 | 44 days | 1,913 sqft |
2019-04-01 | 40 days | 1,942 sqft |
2019-05-01 | 41 days | 2,000 sqft |
2019-06-01 | 45 days | 2,028 sqft |
2019-07-01 | 46 days | 2,049 sqft |
2019-08-01 | 48 days | 2,052 sqft |
2019-09-01 | 49 days | 2,069 sqft |
2019-10-01 | 51 days | 2,071 sqft |
2019-11-01 | 54 days | 1,973 sqft |
2019-12-01 | 59 days | 2,022 sqft |
2020-01-01 | 65 days | 2,100 sqft |
2020-02-01 | 55 days | 2,113 sqft |
2020-03-01 | 43 days | 2,142 sqft |
2020-04-01 | 48 days | 2,066 sqft |
2020-05-01 | 60 days | 2,087 sqft |
2020-06-01 | 53 days | 2,128 sqft |
2020-07-01 | 45 days | 2,146 sqft |
2020-08-01 | 41 days | 2,099 sqft |
2020-09-01 | 43 days | 2,112 sqft |
2020-10-01 | 41 days | 2,081 sqft |
2020-11-01 | 53 days | 2,005 sqft |
2020-12-01 | 60 days | 2,030 sqft |
2021-01-01 | 56 days | 2,023 sqft |
2021-02-01 | 38 days | 2,128 sqft |
2021-03-01 | 31 days | 2,037 sqft |
2021-04-01 | 36 days | 2,055 sqft |
2021-05-01 | 33 days | 2,019 sqft |
2021-06-01 | 32 days | 2,028 sqft |
2021-07-01 | 36 days | 1,988 sqft |
2021-08-01 | 31 days | 1,929 sqft |
2021-09-01 | 35 days | 1,961 sqft |
2021-10-01 | 37 days | 1,961 sqft |
2021-11-01 | 41 days | 1,967 sqft |
2021-12-01 | 45 days | 1,986 sqft |
2022-01-01 | 41 days | 1,959 sqft |
2022-02-01 | 28 days | 1,862 sqft |
2022-03-01 | 28 days | 1,884 sqft |
2022-04-01 | 26 days | 1,895 sqft |
2022-05-01 | 25 days | 1,923 sqft |
2022-06-01 | 28 days | 1,930 sqft |
2022-07-01 | 33 days | 1,900 sqft |
2022-08-01 | 38 days | 1,846 sqft |
2022-09-01 | 46 days | 1,841 sqft |
2022-10-01 | 51 days | 1,854 sqft |
2022-11-01 | 53 days | 1,840 sqft |
2022-12-01 | 64 days | 1,843 sqft |
Oxnard's median square footage for active listings during the 2022-12-01 period was 1,843 sqft. One year prior, the average listing was 1,986 sqft.