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 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 6.72% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.57% and one month ago for the week of 2024-03-08, the average rate was 6.4%.

The average rate one year ago was 6.2%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.79%.

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%).


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 $748,350 (5.4%) $1,408,395 (12.3%) 2.77 1,068
2018-02-01 $738,000 (-2.1%) $1,367,883 (4.6%) 2.68 1,155
2018-03-01 $729,900 (-4.6%) $1,328,219 (0.5%) 2.56 1,288
2018-04-01 $750,000 (-2.5%) $1,363,833 (2.9%) 2.54 1,411
2018-05-01 $741,725 (-2.2%) $1,322,529 (3.2%) 2.48 1,607
2018-06-01 $739,000 (-1.5%) $1,282,303 (2.7%) 2.46 1,759
2018-07-01 $739,450 (-2.1%) $1,249,036 (0.2%) 2.47 1,884
2018-08-01 $717,450 (-4.2%) $1,207,856 (-0.1%) 2.40 1,956
2018-09-01 $699,000 (-6.8%) $1,165,838 (-3.3%) 2.35 2,012
2018-10-01 $696,112 (-8.1%) $1,142,578 (-11.2%) 2.36 1,975
2018-11-01 $684,500 (-8.7%) $1,142,143 (-11.4%) 2.32 1,905
2018-12-01 $680,000 (-9.3%) $1,170,638 (-12.1%) 2.35 1,666
2019-01-01 $683,500 (-8.7%) $1,187,763 (-15.7%) 2.36 1,553
2019-02-01 $682,500 (-7.5%) $1,207,077 (-11.8%) 2.31 1,517
2019-03-01 $691,386 (-5.3%) $1,190,675 (-10.4%) 2.26 1,586
2019-04-01 $699,450 (-6.7%) $1,159,312 (-15.0%) 2.22 1,679
2019-05-01 $701,250 (-5.5%) $1,158,950 (-12.4%) 2.19 1,798
2019-06-01 $719,900 (-2.6%) $1,179,301 (-8.0%) 2.25 1,849
2019-07-01 $731,850 (-1.0%) $1,193,959 (-4.4%) 2.29 1,868
2019-08-01 $737,909 (2.9%) $1,180,203 (-2.3%) 2.34 1,788
2019-09-01 $749,773 (7.3%) $1,195,174 (2.5%) 2.40 1,658
2019-10-01 $753,182 (8.2%) $1,205,155 (5.5%) 2.43 1,571
2019-11-01 $725,000 (5.9%) $1,174,197 (2.8%) 2.38 1,531
2019-12-01 $757,500 (11.4%) $1,280,148 (9.4%) 2.53 1,219
2020-01-01 $783,213 (14.6%) $1,316,301 (10.8%) 2.62 1,138
2020-02-01 $795,000 (16.5%) $1,333,271 (10.5%) 2.60 1,126
2020-03-01 $812,238 (17.5%) $1,343,619 (12.9%) 2.55 1,143
2020-04-01 $772,475 (10.4%) $1,243,862 (7.3%) 2.42 1,227
2020-05-01 $792,500 (13.0%) $1,263,061 (9.0%) 2.41 1,322
2020-06-01 $811,225 (12.7%) $1,301,721 (10.4%) 2.39 1,206
2020-07-01 $827,000 (13.0%) $1,347,027 (12.8%) 2.40 1,086
2020-08-01 $829,000 (12.3%) $1,382,900 (17.2%) 2.38 955
2020-09-01 $849,000 (13.2%) $1,440,603 (20.5%) 2.43 875
2020-10-01 $824,500 (9.5%) $1,447,968 (20.2%) 2.36 901
2020-11-01 $799,000 (10.2%) $1,454,401 (23.9%) 2.34 768
2020-12-01 $819,450 (8.2%) $1,516,175 (18.4%) 2.44 609
2021-01-01 $825,450 (5.4%) $1,559,942 (18.5%) 2.46 513
2021-02-01 $879,450 (10.6%) $1,649,048 (23.7%) 2.56 486
2021-03-01 $854,450 (5.2%) $1,508,318 (12.3%) 2.42 517
2021-04-01 $870,000 (12.6%) $1,614,377 (29.8%) 2.35 522
2021-05-01 $869,000 (9.7%) $1,665,611 (31.9%) 2.31 557
2021-06-01 $864,500 (6.6%) $1,768,873 (35.9%) 2.28 622
2021-07-01 $879,900 (6.4%) $1,707,806 (26.8%) 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%) 2.42 429
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%) 2.16 708
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 $1,076,408 (17.7%) $2,181,585 (21.8%) 2.44 578
2023-06-01 $1,018,627 (9.6%) $2,160,677 (26.4%) 2.29 618
2023-07-01 $1,075,000 (19.5%) $2,129,812 (38.5%) 2.44 666
2023-08-01 $1,021,225 (14.4%) $2,050,014 (39.6%) 2.35 684
2023-09-01 $1,092,500 (24.2%) $2,078,094 (42.0%) 2.54 688
2023-10-01 $1,050,000 (22.1%) $1,957,512 (33.9%) 2.47 735
2023-11-01 $1,037,222 (18.5%) $1,919,229 (24.2%) 2.47 756
2023-12-01 $1,049,000 (20.4%) $1,950,966 (20.6%) 2.56 666
2024-01-01 $1,057,000 (21.0%) $1,998,235 (17.7%) 2.58 626
2024-02-01 $1,095,750 (17.5%) $2,034,108 (12.2%) 2.64 626
2024-03-01 $1,065,000 (12.8%) $2,145,494 (6.2%) 2.51 679
Oxnard's median listing price for 2024-03-01 was $1,065,000, a difference of $120,500 (12.8%) versus the prior year and $-30,750 versus the prior month.

Oxnard's median listing price comes in at 251% of the national average.

Oxnard's average listing price for 2024-03-01 was $2,145,494, a difference of $125,190 (6.2%) versus the prior year and $111,386 versus the prior month.

For the 2024-03-01 period, Oxnard had 679 MLS listings, a difference of 53 listings (8%) versus the prior month and 81 listings (14%) 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 62 days 2,064 sqft
2018-02-01 35 days 2,025 sqft
2018-03-01 35 days 2,025 sqft
2018-04-01 37 days 2,053 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 2,015 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 40 days 1,943 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 2,068 sqft
2019-11-01 53 days 1,972 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 2,134 sqft
2020-04-01 48 days 2,062 sqft
2020-05-01 59 days 2,084 sqft
2020-06-01 52 days 2,126 sqft
2020-07-01 45 days 2,144 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 2,118 sqft
2021-03-01 28 days 2,036 sqft
2021-04-01 34 days 2,050 sqft
2021-05-01 33 days 2,007 sqft
2021-06-01 31 days 2,021 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 1,963 sqft
2021-12-01 45 days 1,983 sqft
2022-01-01 40 days 1,952 sqft
2022-02-01 27 days 1,858 sqft
2022-03-01 27 days 1,877 sqft
2022-04-01 25 days 1,894 sqft
2022-05-01 25 days 1,920 sqft
2022-06-01 27 days 1,922 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 1,854 sqft
2022-11-01 53 days 1,839 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 2,025 sqft
2023-06-01 38 days 1,933 sqft
2023-07-01 38 days 1,962 sqft
2023-08-01 42 days 1,957 sqft
2023-09-01 42 days 1,988 sqft
2023-10-01 41 days 1,956 sqft
2023-11-01 44 days 1,940 sqft
2023-12-01 56 days 1,950 sqft
2024-01-01 60 days 1,946 sqft
2024-02-01 41 days 1,936 sqft
2024-03-01 37 days 1,936 sqft
Oxnard's median listing age (time on market) for 2024-03-01 was 37 days. This is -12% shorter than the same period one year ago.

Oxnard's median square footage for active listings during the 2024-03-01 period was 1,936 sqft. One year prior, the average listing was 1,880 sqft.

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.