Oxnard, California is the 19th most populous city in the state, and the most populous city in Ventura County. It is 30 miles west of Los Angeles, and is not only one of the wealthiest cities in America, but one of the safest. The current average home value in Oxnard is $409,200, according to Zillow.com. Those values have gone up about 7% over the last year and are expected to rise 3.3% more in the next year.
Don’t let those numbers scare you, though: there are many options in today’s lending market when it comes to mortgages and financing, or refinancing, a home loan. Now that 30 year fixed-rate mortgages are at an (almost) all-time low, for example, it could be a great time to consider refinancing if you are already a homeowner, or buying a property if you are currently a renter.
To find the lowest FHA interest rates out there, your best bet is to contact a mortgage broker. A mortgage broker’s job is to find a bank or independent lender that has a loan deal that works best for their client. They research the current market, assess the credit situation of the buyer, and essentially act as the translator when it comes to the legal terms and conditions of the loan for the buyer. They draw up the documents and assure that their client walks away with the best plan in motion to pay off their home. With current mortgage rates always changing, it is best to have someone on your side to navigate the market for you.
To best understand your options and see what rates are out there for you, contact a knowledgeable mortgage broker, who will work hard to find you the best deal in home loan.