-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VaSnpVqFh1G83hcIclCf/lvV6uVcdamkFmKwGk8IBQkAakTg4rmu6mUpz8FLtLu+
 SjQIvAGHBitOLB4k3x22Rg==

<SEC-DOCUMENT>0000841501-03-000007.txt : 20030725
<SEC-HEADER>0000841501-03-000007.hdr.sgml : 20030725
<ACCEPTANCE-DATETIME>20030724180213
ACCESSION NUMBER:		0000841501-03-000007
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030630
FILED AS OF DATE:		20030725

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OWENS MORTGAGE INVESTMENT FUND
		CENTRAL INDEX KEY:			0000841501
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				680023931
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2221 OLYMPIC BLVD
		STREET 2:		P O BOX 2308
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94595
		BUSINESS PHONE:		9252805393

	MAIL ADDRESS:	
		STREET 1:		2221 OLYMPIC BLVD
		STREET 2:		P O BOX 2308
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94595

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OWENS MORTGAGE INVESTMENT FUND II
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OWENS MORTGAGE INVESTMENT FUND
		CENTRAL INDEX KEY:			0000841501
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17248
		FILM NUMBER:		03801750

	BUSINESS ADDRESS:	
		STREET 1:		2221 OLYMPIC BLVD
		STREET 2:		P O BOX 2308
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94595
		BUSINESS PHONE:		9252805393

	MAIL ADDRESS:	
		STREET 1:		2221 OLYMPIC BLVD
		STREET 2:		P O BOX 2308
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94595

	FORMER NAME:	
		FORMER CONFORMED NAME:	OWENS MORTGAGE INVESTMENT FUND II
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>

<ownershipDocument>

    <documentType>4</documentType>

    <periodOfReport>2003-06-30</periodOfReport>


    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000841501</issuerCik>
        <issuerName>OWENS MORTGAGE INVESTMENT FUND</issuerName>
        <issuerTradingSymbol>OMIF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000841501</rptOwnerCik>
            <rptOwnerName>OWENS MORTGAGE INVESTMENT FUND</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CFO, General Partner</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeSecurity>
        <securityTitle>
            <value>OWENS MORTGAGE INVESTMENT FUND</value>
        </securityTitle>
        <transactionDate>
            <value>2003-06-30</value>
        </transactionDate>
        <transactionCoding>
            <transactionFormType>4</transactionFormType>
            <transactionCode>P</transactionCode>
            <equitySwapInvolved>0</equitySwapInvolved>
        </transactionCoding>
        <transactionTimeliness>
            <value></value>
        </transactionTimeliness>
        <transactionAmounts>
            <transactionShares>
                <value>2380</value>
            </transactionShares>
            <transactionValue>
                <value>1</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>2810502</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </nonDerivativeSecurity>


    <ownerSignature>
        <signatureName>Bryan H. Draper</signatureName>
        <signatureDate>2003-07-03</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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