Oxnard VA Loan Rates, Closing Costs & Stats

OXNARD-THOUSAND OAKS-VENTURA, CA

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    • 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 70 lenders originated 340 VA loans during 2023. The total origination value was $241,480,000, with an average VA loan value of $710,235.

    Oxnard VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Oxnard averaged 6.45% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Oxnard's average VA mortgage closing costs are $8,692.

    The average rate for the prior week (2024-07-12) was 6.49% and one month ago for the week of 2024-06-14, the average rate was 6.45%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.72%.

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

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 79 6.06% $14,910
    QUICKEN LOANS, LLC 30 5.94% $18,377
    NAVY FEDERAL CREDIT UNION 21 5.75% $10,118
    Mortgage Research Center, LLC 19 6.45% $15,223
    LOANDEPOT.COM, LLC 11 5.76% $13,011
    PENNYMAC LOAN SERVICES, LLC 9 5.75% $16,249
    Golden Empire Mortgage, Inc. 8 6.39% $17,042
    NEWREZ LLC 7 6.14% $25,540
    GUILD MORTGAGE COMPANY 6 5.58% $22,115
    MLD MORTGAGE INC. 6 5.85% $10,351
    GUARANTEED RATE, INC. 6 6.07% $15,821
    AUGUSTA FINANCIAL, INC. 6 6.06% $16,385
    HOMEAMERICAN MORTGAGE CORPORATION 5 5.40% $8,166
    CMG MORTGAGE, INC. 5 6.48% $15,687
    Paramount Residential Mortgage Group, Inc. 4 6.65% $19,856
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.65% $14,031
    VILLAGE CAPITAL MORTGAGE 4 6.16% $30,374
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.84% $14,352
    ALAMEDA MORTGAGE CORPORATION 4 6.31% $20,093
    DRAPER AND KRAMER MORTGAGE CORP. 4 5.97% $14,837
    Prosperity Home Mortgage, LLC 4 6.03% $15,522
    Shea Mortgage Inc. 4 6.78% $10,783
    Wells Fargo Bank 3 5.63% $2,498
    AMERICAN FINANCIAL NETWORK, INC. 3 6.08% $20,618
    PLANET HOME LENDING, LLC 3 4.67% $9,641
    Equity Prime Mortgage LLC 3 7.08% $16,062
    CROSSCOUNTRY MORTGAGE, LLC 3 6.58% $9,962
    FREEDOM MORTGAGE CORPORATION 3 6.00% $22,819
    USAA Federal Savings Bank 3 6.08% $16,547
    BROKER SOLUTIONS, INC. 3 6.17% $15,920
    MOVEMENT MORTGAGE, LLC 2 6.50% $5,815
    NATIONS DIRECT MORTGAGE, LLC 2 6.44% $12,795
    CUSTOMER SERVICE MORTGAGE CORPORATION 2 6.50% $15,491
    DIGNIFIED HOME LOANS, LLC 2 6.50% $9,999
    Plains Commerce Bank 2 5.56% $15,516
    Barrington Bank & Trust Company, N.A. 2 6.25% $22,278
    SUMMIT FUNDING, INC. 2 6.19% $27,995
    SUN WEST MORTGAGE COMPANY, INC. 2 6.56% $22,734
    Century Mortgage Company DBA Century Lending Company 2 5.38% $25,775
    CHERRY CREEK MORTGAGE, LLC 2 5.88% $1,420
    Nations Lending Corporation 1 6.75% $7,478
    American Mortgage & Equity Consultants, Inc. 1 6.13% $28,077
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $27,325
    Armed Forces Bank 1 5.63% $17,966
    BM Real Estate Services, Inc. 1 6.38% $9,988
    Citibank 1 5.75% $18,199
    COASTAL FUNDING SLC, INC. 1 6.00% $12,724
    CORNERSTONE HOME LENDING, INC. 1 6.25% $265
    First Federal Bank 1 5.63% $6,098
    HighTechLending Inc 1 7.38% $19,858
    JMJ FINANCIAL GROUP 1 6.63% $15,818
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 6.13% $3,497
    LADERA LENDING, INC. 1 6.25% $8,854
    LOANPAL, LLC 1 5.63% $17,618
    Mid-Continent Funding, Inc. 1 5.38% $23,530
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.13% $27,412
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $98,786
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $21,135
    ACADEMY MORTGAGE CORPORATION 1 7.50% $11,550
    NEW DAY FINANCIAL, LLC 1 7.25% $16,728
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $5,706
    PLAZA HOME MORTGAGE, INC. 1 5.25% $17,740
    Presidential Bank, FSB 1 7.75% $12,676
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $29,525
    PRIMUS LENDING CORP. 1 6.63% $15,597
    S1L, Inc. 1 6.25% $16,760
    The Federal Savings Bank 1 7.75% $13,250
    The Loan Store, Inc. 1 5.63% $33,229
    U.S. Bank 1 6.13% $2,195
    Watermark Capital, Inc. 1 6.13% $14,684

    The top Oxnard VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 79 VA loans originated. Their average total fees are $14,910, which is $3,468 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Oxnard VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($10,118), LOANDEPOT.COM, LLC ($13,011), UNITED WHOLESALE MORTGAGE, LLC ($14,910), Mortgage Research Center, LLC ($15,223) and QUICKEN LOANS, LLC ($18,377).

    The lowest rate Oxnard VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.75%), LOANDEPOT.COM, LLC (5.76%), QUICKEN LOANS, LLC (5.94%), UNITED WHOLESALE MORTGAGE, LLC (6.06%) and Mortgage Research Center, LLC (6.45%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.