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 85 lenders originated 727 VA loans during 2022. The total origination value was $476,825,000, with an average VA loan value of $655,880.

    Oxnard VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Oxnard averaged 6.21% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

    Oxnard's average VA mortgage closing costs are $8,443.

    The average rate for the prior week (2023-09-15) was 6.29% and one month ago for the week of 2023-08-18, the average rate was 6.67%.

    The average rate one year ago was 5.24%.

    For refis of the same type during the week of 2023-09-22, the average rate was 4.97%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 116 4.00% $12,496
    QUICKEN LOANS, LLC 71 3.79% $14,148
    Mortgage Research Center, LLC 42 4.49% $14,467
    LOANDEPOT.COM, LLC 30 3.91% $16,391
    NAVY FEDERAL CREDIT UNION 29 3.76% $9,099
    PENNYMAC LOAN SERVICES, LLC 27 3.06% $13,790
    CALIBER HOME LOANS, INC. 23 3.69% $19,447
    FREEDOM MORTGAGE CORPORATION 22 3.94% $16,233
    GUARANTEED RATE, INC. 20 4.36% $14,178
    MLD MORTGAGE INC. 17 4.29% $13,687
    CUSTOMER SERVICE MORTGAGE CORPORATION 17 4.51% $13,856
    AUGUSTA FINANCIAL, INC. 15 4.50% $19,344
    HOME POINT FINANCIAL CORPORATION 14 3.31% $17,610
    Golden Empire Mortgage, Inc. 14 4.24% $12,979
    AMERICAN PACIFIC MORTGAGE CORPORATION 12 4.54% $19,167
    EAGLE HOME MORTGAGE, LLC 12 4.30% $10,418
    NEW DAY FINANCIAL, LLC 11 4.86% $19,065
    HOMEBRIDGE FINANCIAL SERVICES, INC. 10 3.63% $12,161
    The Federal Savings Bank 10 4.14% $23,563
    CROSSCOUNTRY MORTGAGE, LLC 9 5.25% $19,432
    BROKER SOLUTIONS, INC. 9 4.44% $10,125
    Century Mortgage Company DBA Century Lending Company 8 3.75% $16,594
    CMG MORTGAGE, INC. 8 4.41% $16,261
    Flagstar Bank, FSB 7 3.50% $20,988
    HOMEAMERICAN MORTGAGE CORPORATION 7 4.07% $12,084
    GUILD MORTGAGE COMPANY 7 4.07% $21,477
    CAPSTONE DIRECT, INC. 6 4.19% $10,677
    PENTAGON FEDERAL CREDIT UNION 5 3.08% $9,078
    CARDINAL FINANCIAL 5 4.55% $30,137
    DRAPER AND KRAMER MORTGAGE CORP. 5 5.10% $12,331
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.27% $13,472
    FINANCE OF AMERICA MORTGAGE LLC 5 4.97% $17,857
    Mr. Cooper ( Nationstar Mortgage ) 5 4.28% $19,296
    Lakeview Community Capital, LLC 5 3.50% $4,594
    NEWREZ LLC 4 3.31% $9,042
    Wells Fargo Bank 4 4.03% $9,353
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 4 3.63% $9,136
    Nations Lending Corporation 4 5.09% $13,692
    Paramount Residential Mortgage Group, Inc. 3 5.46% $22,606
    DIGNIFIED HOME LOANS, LLC 3 5.92% $19,155
    MOVEMENT MORTGAGE, LLC 3 4.92% $22,830
    KBHS HOME LOANS, LLC 3 4.19% $8,936
    ALAMEDA MORTGAGE CORPORATION 3 4.29% $27,765
    USAA Federal Savings Bank 3 4.50% $5,657
    BNC National Bank 3 3.04% $6,474
    GUARANTEED RATE AFFINITY, LLC 3 4.79% $11,974
    PLANET HOME LENDING, LLC 3 2.71% $5,075
    CALCON MUTUAL MORTGAGE LLC 3 5.25% $7,001
    SECURITYNATIONAL MORTGAGE COMPANY 2 5.63% $19,409
    AMERISAVE MORTGAGE CORPORATION 2 4.69% $3,066
    Barrington Bank & Trust Company, N.A. 2 5.00% $4,335
    BAY EQUITY LLC 2 5.19% $17,129
    BECKAM FUNDING CORP. 2 4.81% $26,744
    CLEARPATH LENDING 2 2.75% $4,406
    First Savings Bank 2 3.63% $22,637
    LAKEVIEW LOAN SERVICING, LLC 2 2.50% $7,939
    North American Savings Bank, F.S.B. 2 4.13% $9,367
    NP, Inc. 2 3.31% $12,142
    OPEN MORTGAGE, LLC 2 3.63% $16,714
    PREMIA MORTGAGE, LLC 2 4.63% $497
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.44% $10,356
    SUN WEST MORTGAGE COMPANY, INC. 2 3.81% $10,405
    VILLAGE CAPITAL MORTGAGE 2 3.25% $5,691
    OCMBC, INC. 1 4.75% $26,247
    U.S. Bank 1 4.75% $5,194
    MICHIGAN MUTUAL, INC. 1 3.63% $10,120
    JMJ FINANCIAL GROUP 1 5.25% $14,496
    Florida Capital Bank 1 5.13% $6,437
    First Bank 1 6.25% $17,254
    VAN DYK MORTGAGE CORPORATION 1 2.25% $7,024
    VERITAS FUNDING, LLC 1 5.63% $35,460
    Prosperity Home Mortgage, LLC 1 6.25% $26,265
    ENVOY MORTGAGE, LTD 1 4.88% $16,590
    San Diego Funding 1 4.75% $30,036
    DEL SUR CORPORATION 1 3.38% $33,281
    SUMMIT FUNDING, INC. 1 5.75% $16,832
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $6,907
    DAS Acquisition Company, LLC 1 4.75% $39,451
    NBKC BANK 1 2.25% $3,955
    NETWORK CAPITAL FUNDING CORPORATION 1 4.25% $32,837
    NATIONS DIRECT MORTGAGE, LLC 1 2.99% $29,286
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.00% $37,361
    NFM, INC. 1 2.88% $19,936
    COASTAL FUNDING SLC, INC. 1 5.13% $21,788
    AXIA FINANCIAL, LLC 1 3.50% $20,579

    The top Oxnard VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 116 VA loans originated. Their average total fees are $12,496, which is $1,652 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 ($9,099), EAGLE HOME MORTGAGE, LLC ($10,418), HOMEBRIDGE FINANCIAL SERVICES, INC. ($12,161), UNITED WHOLESALE MORTGAGE, LLC ($12,496) and Golden Empire Mortgage, Inc. ($12,979).

    The lowest rate Oxnard VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.06%), HOME POINT FINANCIAL CORPORATION (3.31%), HOMEBRIDGE FINANCIAL SERVICES, INC. (3.63%), CALIBER HOME LOANS, INC. (3.69%) and NAVY FEDERAL CREDIT UNION (3.76%).

    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 $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
    2023-06-01 $1,021,377 (9.9%) $2,163,732 (26.5%) 2.30 619
    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
    Oxnard's median listing price for 2023-08-01 was $1,021,225, a difference of $128,725 (14.4%) versus the prior year and $-53,775 versus the prior month.

    Oxnard's median listing price comes in at 235% of the national average.

    Oxnard's average listing price for 2023-08-01 was $2,050,014, a difference of $580,951 (39.6%) versus the prior year and $-79,798 versus the prior month.

    For the 2023-08-01 period, Oxnard had 684 MLS listings, a difference of 18 listings (3%) versus the prior month and -463 listings (-40%) 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 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
    2023-06-01 38 days 1,933 sqft
    2023-07-01 38 days 1,962 sqft
    2023-08-01 42 days 1,957 sqft
    Oxnard's median listing age (time on market) for 2023-08-01 was 42 days. This is 12% longer than the same period one year ago.

    Oxnard's median square footage for active listings during the 2023-08-01 period was 1,957 sqft. One year prior, the average listing was 1,845 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.