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San Buenaventura's waterfront location and agricultural heritage draw families and retirees alike. The county's $3.23 billion budget includes $22 million for a new Fire Department training facility, signaling long-term infrastructure investment.
Ventura County's median household income of $107,327 stretches to cover homes in the $750K–$850K range comfortably. FHA's 3.5% minimum down payment means buyers can move with less cash upfront than conventional loans demand.
5.375%
Interest Rate
$4,200
Monthly P&I
580
Min FICO
3.5%
Min Down
$750,000
Loan Amount
30 days
Lock Period
FHA Loans in San Buenaventura
FHA loans in San Buenaventura start at 580 FICO and 3.5% down. Most lenders prefer 640+ FICO to avoid overlays. At $750,000, you're well below the FHA limit of $1,035,000 for this high-cost area.
Ventura County's median household income of $107,327 supports a $750K purchase comfortably. FHA allows debt-to-income ratios up to 50% in most cases, meaning a household earning $107K can carry roughly $4,450 in total monthly debt.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in San Buenaventura.
San Buenaventura's waterfront location and agricultural heritage draw families and retirees alike. The county's $3.23 billion budget includes $22 million for a new Fire Department training facility, signaling long-term infrastructure investment.
Ventura County's median household income of $107,327 stretches to cover homes in the $750K–$850K range comfortably. FHA's 3.5% minimum down payment means buyers can move with less cash upfront than conventional loans demand.
FHA loans in San Buenaventura start at 580 FICO and 3.5% down. Most lenders prefer 640+ FICO to avoid overlays. At $750,000, you're well below the FHA limit of $1,035,000 for this high-cost area.
FHA loans in California move through both retail banks and mortgage brokers. Brokers typically close in 30–45 days and offer more flexibility on credit overlays than large banks.
The FHA market in Ventura County is competitive. Lenders compete on rate, not on MIP—the mortgage insurance premium is set by FHA, not the lender. What separates brokers is speed, credit flexibility, and willingness to work with lower-FICO borrowers.
FHA makes sense in San Buenaventura when you have solid income but limited down-payment savings. At $107,327 county median income, a $750K purchase is achievable with just $27,202 down—something conventional loans rarely allow below 10% down without PMI.
FHA doesn't pencil when you can hit 10% down and 740+ FICO. Conventional loans at 10% down run roughly 0.25% lower in rate and kill PMI after 11 years. Over a 30-year loan, that rate advantage compounds.
Conventional loans at 10% down ($77,720) run a lower rate but carry PMI until you hit 78% LTV. That takes roughly 8–10 years of payments. FHA's rate is higher but you skip PMI entirely—you pay mortgage insurance instead, which never cancels.
If you have $77,000 saved, conventional pencils. If you have $27,000 and need to close in 45 days, FHA wins. San Buenaventura's $750K median purchase price means the rate difference compounds to real money over 30 years.
Channel Islands Harbor just approved a parking lot rehabilitation project in partnership with Oxnard. That kind of waterfront infrastructure investment signals confidence in the area's long-term appeal.
The Ventura County Agricultural Summit in March 2026 brought together farmers, educators, and students across 20+ workshops. That's not just nostalgia—it's active economic development.
Principal and interest run $4,200 monthly at 5.375% on a $750,000 loan. Add property taxes, insurance, and mortgage insurance (roughly $1,200–$1,500 combined) for your total housing payment.
No. FHA requires mortgage insurance (MIP) for the life of the loan if your down payment is under 10%. With 10% or more down, MIP cancels after 11 years. At 3.5% down, you pay MIP forever unless you refinance to conventional later.
FHA's minimum is 580 FICO, but most lenders prefer 640+ to avoid overlays. At 740 FICO, you're well above the floor and qualify for the best available rates.
Yes. San Buenaventura is in a high-cost area with an FHA limit of $1,035,000. A $750,000 purchase is well within that limit. You'll need 3.5% down ($27,202) and a 580+ FICO score to qualify.
Most brokers close FHA loans in 30–45 days. Retail banks may take 45–60 days. Speed depends on appraisal turnaround and your documentation completeness. Request a 30-day lock if you need to close quickly.