Hello Ifad90, that has many variations by materials and upgrades, etc. per square foot. Most likely you are looking about $300 sf give or take.
You need to first speak with a loan officer to know your purchasing power and options you have available to you. Once you know your qualifications it will narrow down your choices.
Which zip codes are you considering? Do you have cash to work with to purchase the land outright or for down payment and closing costs or large down payment for a new build? Are you a Veteran? What is the maximum payment your comfortable with for a monthly mortgage?
The purchase in Oxnard start from 285k for 2bd 1ba 832sf bungalow, from 298k for 3bd 2ba 999sf single family home, from 369k for 4bd 2ba 1,260sf single family home. The newer builds are built 2006-2007 and start from 769k for 3bd 2.5ba 2,619sf single family home in Oxnard 93035 zip code with a slip.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.
You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
If you are buying a primary residence you could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k.
You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.
You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience