Bakersfield FHA Loan Rates, Closing Costs & Stats

BAKERSFIELD, CA

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Bakersfield's 160 lenders originated 3,079 FHA loans during 2023. The total origination value was $986,845,000, with an average FHA loan value of $320,508.

    Bakersfield FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Bakersfield averaged 6.51% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Bakersfield's average FHA mortgage closing costs are $9,866.

    The average rate for the prior week (2025-02-07) was 6.63% and one month ago for the week of 2025-01-10, the average rate was 6.29%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.59%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Bakersfield FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bakersfield level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 544 6.20% $14,789
    QUICKEN LOANS, LLC 214 6.25% $12,585
    Sierra Pacific Mortgage Company, Inc. 195 6.32% $15,851
    DHI MORTGAGE COMPANY, LTD. 104 5.64% $11,089
    LOANDEPOT.COM, LLC 91 6.30% $14,121
    OCMBC, INC. 86 6.77% $14,042
    Century Mortgage Company DBA Century Lending Company 86 6.41% $13,219
    RESIDENTIAL BANCORP 82 6.56% $15,433
    EAGLE HOME MORTGAGE, LLC 74 5.87% $14,723
    CROSSCOUNTRY MORTGAGE, LLC 60 6.72% $15,052
    BECKAM FUNDING CORP. 57 7.10% $18,295
    PENNYMAC LOAN SERVICES, LLC 52 6.25% $14,781
    SUMMIT FUNDING, INC. 52 6.49% $17,272
    Paramount Residential Mortgage Group, Inc. 46 6.57% $13,689
    Golden Empire Mortgage, Inc. 42 6.59% $15,451
    DIGNIFIED HOME LOANS, LLC 35 6.61% $12,856
    AMERICAN FINANCIAL NETWORK, INC. 33 6.31% $14,085
    MLD MORTGAGE INC. 33 6.72% $15,496
    PLANET HOME LENDING, LLC 33 6.24% $12,021
    AMERICAN PACIFIC MORTGAGE CORPORATION 32 6.57% $15,780
    GUARANTEED RATE, INC. 32 6.50% $12,833
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 30 5.32% $16,113
    BROKER SOLUTIONS, INC. 29 6.37% $12,235
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 6.53% $13,464
    NEWREZ LLC 27 6.38% $42,681
    POINT Mortgage 27 6.48% $11,880
    Equity Prime Mortgage LLC 26 6.93% $11,699
    MICHIGAN MUTUAL, INC. 24 6.39% $14,196
    HOMEBRIDGE FINANCIAL SERVICES, INC. 24 6.43% $13,512
    Mr. Cooper ( Nationstar Mortgage ) 23 6.06% $15,843
    Platinum Home Mortgage Corporation 23 6.26% $15,058
    FREEDOM MORTGAGE CORPORATION 22 6.86% $14,156
    GUILD MORTGAGE COMPANY 21 6.01% $10,830
    SECURITYNATIONAL MORTGAGE COMPANY 20 6.28% $17,777
    Nations Lending Corporation 19 6.77% $11,208
    SUN WEST MORTGAGE COMPANY, INC. 17 6.37% $15,772
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 15 6.48% $13,076
    PLAZA HOME MORTGAGE, INC. 14 6.46% $13,915
    Carrington Mortgage Services, LLC 14 6.44% $15,600
    AMERISAVE MORTGAGE CORPORATION 13 6.13% $17,059
    CASTLE & COOKE MORTGAGE, LLC 12 6.15% $17,175
    DRAPER AND KRAMER MORTGAGE CORP. 12 6.36% $15,920
    AUGUSTA FINANCIAL, INC. 12 6.08% $13,464
    JMAC LENDING, INC. 12 6.47% $14,673
    CARDINAL FINANCIAL 11 6.26% $15,426
    NATIONS DIRECT MORTGAGE, LLC 11 6.38% $14,909
    CAMPOS FINANCIAL CORP. 11 6.60% $12,817
    CALCON MUTUAL MORTGAGE LLC 10 6.80% $16,323
    ALAMEDA MORTGAGE CORPORATION 10 6.47% $14,996
    Performance Financial, Inc. 9 6.61% $18,199
    MUTUAL OF OMAHA MORTGAGE, INC. 9 6.11% $15,464
    Hometown Equity Mortgage, LLC 9 6.10% $16,221
    LOANPAL, LLC 9 6.32% $12,876
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 6.47% $14,803
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.57% $14,950
    Flagstar Bank, FSB 7 6.86% $11,604
    MOUNTAIN WEST FINANCIAL, INC. 7 6.89% $16,616
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 7 6.55% $11,509
    Franklin Loan Corporation 7 6.16% $16,627
    Lakeview Community Capital, LLC 6 6.08% $12,292
    MANN FINANCIAL INC. 5 7.08% $11,305
    NETWORK CAPITAL FUNDING CORPORATION 5 6.13% $13,463
    CMG MORTGAGE, INC. 5 6.80% $15,008
    GENEVA FINANCIAL, LLC 4 6.94% $12,771
    MOVEMENT MORTGAGE, LLC 4 5.66% $10,933
    AMERICAN FINANCING CORPORATION 4 6.25% $12,997
    PANORAMA MORTGAGE GROUP, LLC 4 6.94% $13,730
    Prosperity Home Mortgage, LLC 4 6.87% $11,810
    BAY EQUITY LLC 4 6.40% $16,288
    VISION ONE MORTGAGE, INC. 4 6.25% $10,418
    ZILLOW HOME LOANS, LLC 4 6.91% $11,547
    GEO-CORP, INC. 4 7.00% $12,271
    HOME APPROVALS DIRECT, INC. 4 6.63% $18,487
    LADERA LENDING, INC. 4 6.69% $12,481
    ML Mortgage Corp. 4 6.19% $11,027
    BM Real Estate Services, Inc. 3 7.04% $13,453
    AHL FUNDING 3 6.92% $18,854
    VILLAGE CAPITAL MORTGAGE 3 5.96% $7,705
    UNION HOME MORTGAGE CORP. 3 6.38% $11,564
    BAY-VALLEY MORTGAGE GROUP 3 6.96% $13,923
    AmeriHome Mortgage Company, LLC 3 6.63% $13,713
    Armed Forces Bank 2 6.31% $16,175
    U.S. Bank 2 6.50% $9,898
    LAND HOME FINANCIAL SERVICES, INC. 2 7.31% $12,472
    TOP FLITE FINANCIAL, INC. 2 7.50% $7,374
    FBC MORTGAGE, LLC 2 4.93% $19,192
    The Loan Store, Inc. 2 6.69% $18,633
    ST FIN CORP 2 6.25% $13,626
    American Mortgage & Equity Consultants, Inc. 2 6.75% $12,933
    MID AMERICA MORTGAGE, INC. 2 6.88% $5,147
    EVERETT FINANCIAL, INC. 2 6.56% $14,818
    BANC ONE MORTGAGE CORPORATION 2 7.25% $6,238
    Mortgage Research Center, LLC 2 6.00% $10,690
    MORIA DEVELOPMENT, INC. 2 6.44% $10,467
    CHURCHILL MORTGAGE CORPORATION 2 7.50% $15,634
    EMM LOANS LLC 2 6.19% $12,929
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.38% $15,755
    HOMEXPRESS MORTGAGE CORP. 2 6.75% $13,776
    INTELLILOAN, INC. 2 7.12% $7,974
    First Standard Financial Corp. 2 6.00% $16,211
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.63% $14,853
    Wells Fargo Bank 2 5.19% $5,056
    JPMorgan Chase Bank 2 5.81% $4,720
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 7.00% $10,741
    AMCAP MORTGAGE, LTD. 1 7.25% $15,835
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $16,343
    AMERITRUST MORTGAGE CORPORATION 1 6.99% $21,988
    ARC HOME LLC 1 6.13% $10,456
    AXIA FINANCIAL, LLC 1 6.00% $13,328
    Bank of England 1 5.75% $12,558
    BEST FINANCE CAPITAL, INC. 1 5.75% $16,492
    BRIDGELOCK CAPITAL 1 7.49% $11,697
    CALIBER HOME LOANS, INC. 1 6.25% $13,747
    CANOPY MORTGAGE, LLC 1 7.25% $16,825
    CHERRY CREEK MORTGAGE, LLC 1 5.63% $6,183
    Chickasaw Community Bank 1 6.00% $14,690
    Commerce Home Mortgage, Inc. 1 6.75% $14,551
    COMMUNITY MORTGAGE FUNDING, LLC 1 7.00% $10,830
    CUSTOMER SERVICE MORTGAGE CORPORATION 1 6.13% $14,639
    DATA MORTGAGE, INC. 1 6.13% $8,288
    ENVOY MORTGAGE, LTD 1 6.63% $11,385
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.75% $11,404
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.75% $23,085
    First Bank 1 6.63% $9,613
    First-Citizens Bank & Trust Company 1 5.88% $8,984
    First Federal Bank 1 5.50% $14,368
    FIRST NATIONS HOME FINANCE CORPORATION 1 6.25% $12,152
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 8.25% $10,395
    GUARANTEED RATE AFFINITY, LLC 1 7.00% $16,786
    HOMESIDE FINANCIAL, LLC 1 6.88% $16,044
    iCore Lending, Inc. 1 6.25% $22,173
    INTERCAP LENDING INC. 1 5.63% $17,299
    ISERVE RESIDENTIAL LENDING, LLC 1 7.25% $11,107
    JMJ FINANCIAL GROUP 1 6.25% $11,807
    KINECTA 1 6.13% $12,482
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $25,635
    LEADERONE FINANCIAL CORPORATION 1 6.63% $14,544
    LOANLEADERS OF AMERICA, INC. 1 5.63% $14,816
    MK LENDING CORP. 1 6.50% $20,198
    MORTGAGE 1 INCORPORATED 1 7.50% $13,746
    MORTGAGE CAPITAL PARTNERS, INC. 1 7.38% $13,633
    M&T Bank 1 6.63% $12,343
    MYCUMORTGAGE, LLC 1 7.00% $14,922
    NBKC BANK 1 6.00% $9,304
    Neighborhood Loans, Inc. 1 7.25% $9,529
    NEW WAVE LENDING GROUP INC 1 7.00% $17,741
    NexBank 1 5.75% $17,963
    NMSI, INC. 1 6.00% $14,123
    NORWICH COMMERCIAL GROUP, INC. 1 6.63% $10,849
    OCEANSIDE MORTGAGE COMPANY 1 5.50% $9,564
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.25% $10,590
    PHH Mortgage Corporation 1 6.63% $11,020
    Plains Commerce Bank 1 7.13% $11,857
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $16,772
    SCHOOLSFIRST 1 6.88% $9,896
    The Federal Savings Bank 1 6.00% $19,680
    TJC Mortgage, Inc. 1 5.75% $19,817
    TOTAL MORTGAGE SERVICES, LLC 1 7.25% $12,404
    VERITAS FUNDING, LLC 1 5.75% $11,691
    WALL FINANCIAL, INC. 1 6.50% $11,870

    The top Bakersfield FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 544 FHA loans originated. Their average total fees are $14,789, which is $2,203 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bakersfield FHA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($10,830), DHI MORTGAGE COMPANY, LTD. ($11,089), Nations Lending Corporation ($11,208), Equity Prime Mortgage LLC ($11,699) and POINT Mortgage ($11,880).

    The lowest rate Bakersfield FHA lenders (with over 10 loans originated) are K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (5.32%), DHI MORTGAGE COMPANY, LTD. (5.64%), EAGLE HOME MORTGAGE, LLC (5.87%), GUILD MORTGAGE COMPANY (6.01%) and Mr. Cooper ( Nationstar Mortgage ) (6.06%).

    Bakersfield FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BAKERSFIELD, CA KERN 2022 $420,680 $538,650 $651,050 $809,150
    BAKERSFIELD, CA KERN 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bakersfield (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 $236,097 (4.9%) $279,801 (2.9%) 0.88 2,062
    2018-02-01 $239,950 (4.8%) $280,656 (1.8%) 0.87 2,097
    2018-03-01 $250,000 (5.0%) $289,455 (2.2%) 0.88 2,129
    2018-04-01 $259,450 (5.9%) $293,778 (1.3%) 0.88 2,226
    2018-05-01 $262,271 (5.1%) $297,661 (2.6%) 0.88 2,228
    2018-06-01 $263,000 (5.2%) $296,402 (2.6%) 0.88 2,342
    2018-07-01 $259,900 (4.0%) $293,478 (2.0%) 0.87 2,441
    2018-08-01 $256,500 (2.8%) $290,070 (1.5%) 0.86 2,510
    2018-09-01 $254,900 (2.4%) $290,435 (2.2%) 0.86 2,560
    2018-10-01 $250,000 (0.7%) $288,148 (0.9%) 0.85 2,494
    2018-11-01 $249,900 (2.5%) $286,401 (1.1%) 0.85 2,436
    2018-12-01 $249,000 (4.2%) $285,236 (0.6%) 0.86 2,273
    2019-01-01 $245,000 (3.8%) $282,141 (0.8%) 0.85 2,086
    2019-02-01 $245,000 (2.1%) $283,726 (1.1%) 0.83 2,071
    2019-03-01 $252,400 (1.0%) $292,326 (1.0%) 0.83 2,108
    2019-04-01 $261,308 (0.7%) $303,499 (3.3%) 0.83 2,189
    2019-05-01 $262,850 (0.2%) $304,559 (2.3%) 0.82 2,273
    2019-06-01 $264,900 (0.7%) $304,527 (2.7%) 0.83 2,353
    2019-07-01 $266,913 (2.7%) $306,832 (4.6%) 0.84 2,387
    2019-08-01 $262,818 (2.5%) $304,078 (4.8%) 0.83 2,346
    2019-09-01 $259,545 (1.8%) $303,742 (4.6%) 0.83 2,247
    2019-10-01 $258,089 (3.2%) $303,664 (5.4%) 0.83 2,173
    2019-11-01 $258,500 (3.4%) $308,391 (7.7%) 0.85 2,034
    2019-12-01 $258,500 (3.8%) $377,197 (32.2%) 0.86 1,860
    2020-01-01 $259,450 (5.9%) $304,969 (8.1%) 0.87 1,645
    2020-02-01 $259,900 (6.1%) $315,073 (11.1%) 0.85 1,582
    2020-03-01 $269,950 (7.0%) $324,425 (11.0%) 0.85 1,607
    2020-04-01 $269,450 (3.1%) $320,418 (5.6%) 0.84 1,669
    2020-05-01 $269,900 (2.7%) $324,833 (6.7%) 0.82 1,595
    2020-06-01 $270,975 (2.3%) $333,479 (9.5%) 0.80 1,412
    2020-07-01 $279,950 (4.9%) $344,330 (12.2%) 0.81 1,285
    2020-08-01 $295,000 (12.2%) $349,328 (14.9%) 0.85 1,139
    2020-09-01 $300,000 (15.6%) $362,750 (19.4%) 0.86 1,172
    2020-10-01 $299,900 (16.2%) $364,117 (19.9%) 0.86 1,164
    2020-11-01 $299,900 (16.0%) $353,211 (14.5%) 0.88 1,075
    2020-12-01 $287,000 (11.0%) $337,567 (-10.5%) 0.85 1,002
    2021-01-01 $279,000 (7.5%) $330,098 (8.2%) 0.83 891
    2021-02-01 $284,500 (9.5%) $345,197 (9.6%) 0.83 774
    2021-03-01 $294,995 (9.3%) $353,470 (9.0%) 0.84 722
    2021-04-01 $300,500 (11.5%) $353,987 (10.5%) 0.81 751
    2021-05-01 $315,000 (16.7%) $374,042 (15.2%) 0.84 742
    2021-06-01 $313,250 (15.6%) $380,198 (14.0%) 0.82 837
    2021-07-01 $320,000 (14.3%) $380,927 (10.6%) 0.84 983
    2021-08-01 $320,000 (8.5%) $379,666 (8.7%) 0.85 1,116
    2021-09-01 $318,850 (6.3%) $379,643 (4.7%) 0.85 1,127
    2021-10-01 $329,900 (10.0%) $389,873 (7.1%) 0.88 1,173
    2021-11-01 $337,000 (12.4%) $399,366 (13.1%) 0.90 1,027
    2021-12-01 $339,950 (18.5%) $407,211 (20.6%) 0.92 919
    2022-01-01 $339,500 (21.7%) $406,001 (23.0%) 0.92 799
    2022-02-01 $349,450 (22.8%) $418,366 (21.2%) 0.91 746
    2022-03-01 $359,500 (21.9%) $424,585 (20.1%) 0.90 754
    2022-04-01 $365,000 (21.5%) $434,600 (22.8%) 0.87 874
    2022-05-01 $389,487 (23.7%) $444,796 (18.9%) 0.89 1,178
    2022-06-01 $399,450 (27.5%) $440,618 (15.9%) 0.89 1,393
    2022-07-01 $390,000 (21.9%) $434,997 (14.2%) 0.88 1,618
    2022-08-01 $389,600 (21.8%) $430,160 (13.3%) 0.90 1,699
    2022-09-01 $387,529 (21.5%) $431,012 (13.5%) 0.91 1,746
    2022-10-01 $380,000 (15.2%) $426,760 (9.5%) 0.89 1,795
    2022-11-01 $375,000 (11.3%) $427,854 (7.1%) 0.90 1,757
    2022-12-01 $370,000 (8.8%) $425,437 (4.5%) 0.91 1,488
    2023-01-01 $374,700 (10.4%) $423,949 (4.4%) 0.93 1,315
    2023-02-01 $374,504 (7.2%) $424,486 (1.5%) 0.90 1,172
    2023-03-01 $380,000 (5.7%) $431,359 (1.6%) 0.90 1,009
    2023-04-01 $390,000 (6.9%) $446,409 (2.7%) 0.91 922
    2023-05-01 $390,000 (0.1%) $450,690 (1.3%) 0.88 1,024
    2023-06-01 $392,500 (-1.7%) $456,789 (3.7%) 0.88 1,063
    2023-07-01 $399,000 (2.3%) $452,936 (4.1%) 0.91 1,130
    2023-08-01 $389,963 (0.1%) $444,484 (3.3%) 0.90 1,243
    2023-09-01 $385,000 (-0.7%) $435,964 (1.2%) 0.90 1,340
    2023-10-01 $379,950 (0.0%) $436,460 (2.3%) 0.89 1,380
    2023-11-01 $385,000 (2.7%) $445,302 (4.1%) 0.92 1,407
    2023-12-01 $384,900 (4.0%) $441,605 (3.8%) 0.94 1,324
    2024-01-01 $382,450 (2.1%) $440,451 (3.9%) 0.93 1,207
    2024-02-01 $379,950 (1.5%) $439,036 (3.4%) 0.91 1,156
    2024-03-01 $385,000 (1.3%) $441,005 (2.2%) 0.91 1,179
    2024-04-01 $397,000 (1.8%) $443,611 (-0.6%) 0.92 1,261
    2024-05-01 $408,128 (4.7%) $458,561 (1.8%) 0.92 1,331
    2024-06-01 $400,000 (1.9%) $462,614 (1.3%) 0.92 1,424
    2024-07-01 $402,473 (0.9%) $465,077 (2.7%) 0.92 1,563
    2024-08-01 $399,999 (2.6%) $462,909 (4.2%) 0.93 1,613
    2024-09-01 $399,995 (3.9%) $461,648 (5.9%) 0.94 1,689
    2024-10-01 $399,995 (5.3%) $453,780 (4.0%) 0.94 1,810
    2024-11-01 $398,700 (3.6%) $449,225 (0.9%) 0.96 1,855
    2024-12-01 $393,250 (2.2%) $448,581 (1.6%) 0.98 1,749
    2025-01-01 $389,950 (2.0%) $442,608 (0.5%) 0.00 1,690
    Bakersfield's median listing price for 2025-01-01 was $389,950, a difference of $7,500 (2.0%) versus the prior year and $-3,300 versus the prior month.

    Bakersfield's median listing price comes in at 0% of the national average.

    Bakersfield's average listing price for 2025-01-01 was $442,608, a difference of $2,157 (0.5%) versus the prior year and $-5,973 versus the prior month.

    For the 2025-01-01 period, Bakersfield had 1,690 MLS listings, a difference of -59 listings (-3%) versus the prior month and 483 listings (40%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bakersfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 62 days 1,710 sqft
    2018-02-01 41 days 1,715 sqft
    2018-03-01 40 days 1,749 sqft
    2018-04-01 43 days 1,763 sqft
    2018-05-01 43 days 1,783 sqft
    2018-06-01 44 days 1,774 sqft
    2018-07-01 45 days 1,771 sqft
    2018-08-01 46 days 1,743 sqft
    2018-09-01 46 days 1,737 sqft
    2018-10-01 53 days 1,706 sqft
    2018-11-01 56 days 1,693 sqft
    2018-12-01 64 days 1,682 sqft
    2019-01-01 66 days 1,670 sqft
    2019-02-01 51 days 1,674 sqft
    2019-03-01 45 days 1,708 sqft
    2019-04-01 43 days 1,747 sqft
    2019-05-01 40 days 1,749 sqft
    2019-06-01 44 days 1,736 sqft
    2019-07-01 44 days 1,748 sqft
    2019-08-01 46 days 1,725 sqft
    2019-09-01 48 days 1,702 sqft
    2019-10-01 51 days 1,689 sqft
    2019-11-01 53 days 1,687 sqft
    2019-12-01 58 days 1,678 sqft
    2020-01-01 61 days 1,677 sqft
    2020-02-01 42 days 1,684 sqft
    2020-03-01 39 days 1,716 sqft
    2020-04-01 46 days 1,702 sqft
    2020-05-01 54 days 1,698 sqft
    2020-06-01 47 days 1,708 sqft
    2020-07-01 36 days 1,713 sqft
    2020-08-01 33 days 1,763 sqft
    2020-09-01 31 days 1,789 sqft
    2020-10-01 34 days 1,759 sqft
    2020-11-01 36 days 1,710 sqft
    2020-12-01 39 days 1,633 sqft
    2021-01-01 40 days 1,605 sqft
    2021-02-01 32 days 1,601 sqft
    2021-03-01 23 days 1,605 sqft
    2021-04-01 22 days 1,618 sqft
    2021-05-01 21 days 1,666 sqft
    2021-06-01 22 days 1,650 sqft
    2021-07-01 22 days 1,634 sqft
    2021-08-01 27 days 1,640 sqft
    2021-09-01 30 days 1,613 sqft
    2021-10-01 31 days 1,654 sqft
    2021-11-01 37 days 1,641 sqft
    2021-12-01 40 days 1,661 sqft
    2022-01-01 39 days 1,635 sqft
    2022-02-01 26 days 1,653 sqft
    2022-03-01 22 days 1,685 sqft
    2022-04-01 22 days 1,704 sqft
    2022-05-01 23 days 1,718 sqft
    2022-06-01 26 days 1,760 sqft
    2022-07-01 31 days 1,750 sqft
    2022-08-01 38 days 1,743 sqft
    2022-09-01 44 days 1,749 sqft
    2022-10-01 46 days 1,729 sqft
    2022-11-01 50 days 1,726 sqft
    2022-12-01 61 days 1,729 sqft
    2023-01-01 66 days 1,738 sqft
    2023-02-01 49 days 1,718 sqft
    2023-03-01 44 days 1,708 sqft
    2023-04-01 38 days 1,750 sqft
    2023-05-01 31 days 1,760 sqft
    2023-06-01 32 days 1,754 sqft
    2023-07-01 35 days 1,760 sqft
    2023-08-01 38 days 1,736 sqft
    2023-09-01 39 days 1,724 sqft
    2023-10-01 42 days 1,675 sqft
    2023-11-01 45 days 1,692 sqft
    2023-12-01 54 days 1,675 sqft
    2024-01-01 59 days 1,699 sqft
    2024-02-01 45 days 1,682 sqft
    2024-03-01 44 days 1,703 sqft
    2024-04-01 39 days 1,704 sqft
    2024-05-01 32 days 1,730 sqft
    2024-06-01 37 days 1,735 sqft
    2024-07-01 41 days 1,727 sqft
    2024-08-01 43 days 1,712 sqft
    2024-09-01 44 days 1,720 sqft
    2024-10-01 44 days 1,714 sqft
    2024-11-01 48 days 1,680 sqft
    2024-12-01 56 days 1,672 sqft
    2025-01-01 0 days 1,652 sqft
    Bakersfield's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Bakersfield's median square footage for active listings during the 2025-01-01 period was 1,652 sqft. One year prior, the average listing was 1,699 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).