Bakersfield USDA Loan Rates, Closing Costs & Stats
BAKERSFIELD, CA
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Bakersfield's 15 lenders originated 32 USDA loans during 2023. The total origination value was $12,570,000, with an average USDA loan value of $392,813.
Bakersfield USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Bakersfield
averaged
6.56%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Bakersfield's average USDA mortgage closing costs are $6,951.
The average rate for the prior week (2024-11-01) was
6.53% and
one month ago for the week of 2024-10-04, the
average rate was 5.95%.
The average rate one year ago was 7.39%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.73%.
Bakersfield USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 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 |
|---|---|---|---|
| Century Mortgage Company DBA Century Lending Company | 8 | 6.27% | $8,139 |
| UNITED WHOLESALE MORTGAGE, LLC | 4 | 6.15% | $9,646 |
| Sierra Pacific Mortgage Company, Inc. | 3 | 5.63% | $14,040 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 2 | 5.69% | $13,375 |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 2 | 6.00% | $12,974 |
| ALAMEDA MORTGAGE CORPORATION | 1 | 6.38% | $6,332 |
| MICHIGAN MUTUAL, INC. | 1 | 6.25% | $9,040 |
| Mortgage Research Center, LLC | 1 | 6.75% | $3,389 |
| Paramount Residential Mortgage Group, Inc. | 1 | 6.38% | $4,907 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.13% | $9,609 |
| LOANDEPOT.COM, LLC | 1 | 7.13% | $13,645 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 5.63% | $13,059 |
| CALCON MUTUAL MORTGAGE LLC | 1 | 6.50% | $11,324 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.25% | $2,943 |
| GUILD MORTGAGE COMPANY | 1 | 6.38% | $11,506 |
The top Bakersfield USDA lender as defined by loan originations is Century Mortgage Company DBA Century Lending Company, with
8 USDA loans originated. Their average total fees are
$8,139, which is $1,506
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Bakersfield USDA lenders (with over 10 loans originated) are
.
The lowest rate Bakersfield USDA lenders (with over 10 loans originated) are
.
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%) | $289,500 (2.2%) | 0.88 | 2,130 |
| 2018-04-01 | $259,450 (5.9%) | $293,811 (1.4%) | 0.88 | 2,227 |
| 2018-05-01 | $262,450 (5.2%) | $297,692 (2.6%) | 0.88 | 2,229 |
| 2018-06-01 | $263,000 (5.2%) | $296,432 (2.6%) | 0.88 | 2,343 |
| 2018-07-01 | $259,900 (4.0%) | $293,478 (2.0%) | 0.87 | 2,441 |
| 2018-08-01 | $256,500 (2.9%) | $290,070 (1.6%) | 0.86 | 2,511 |
| 2018-09-01 | $254,900 (2.4%) | $290,435 (2.2%) | 0.86 | 2,561 |
| 2018-10-01 | $250,000 (0.7%) | $288,148 (0.9%) | 0.85 | 2,495 |
| 2018-11-01 | $249,900 (2.5%) | $286,401 (1.1%) | 0.85 | 2,437 |
| 2018-12-01 | $249,000 (4.2%) | $285,236 (0.6%) | 0.86 | 2,274 |
| 2019-01-01 | $245,000 (3.8%) | $282,141 (0.8%) | 0.85 | 2,087 |
| 2019-02-01 | $245,000 (2.1%) | $283,726 (1.1%) | 0.83 | 2,072 |
| 2019-03-01 | $252,400 (1.0%) | $292,326 (1.0%) | 0.83 | 2,109 |
| 2019-04-01 | $261,308 (0.7%) | $303,499 (3.3%) | 0.83 | 2,189 |
| 2019-05-01 | $262,950 (0.2%) | $304,467 (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 | $258,700 (3.5%) | $308,427 (7.7%) | 0.85 | 2,035 |
| 2019-12-01 | $258,500 (3.8%) | $377,201 (32.2%) | 0.86 | 1,861 |
| 2020-01-01 | $259,450 (5.9%) | $305,015 (8.1%) | 0.87 | 1,646 |
| 2020-02-01 | $259,900 (6.1%) | $315,114 (11.1%) | 0.85 | 1,583 |
| 2020-03-01 | $269,950 (7.0%) | $324,409 (11.0%) | 0.85 | 1,608 |
| 2020-04-01 | $269,450 (3.1%) | $320,455 (5.6%) | 0.84 | 1,670 |
| 2020-05-01 | $269,900 (2.6%) | $324,868 (6.7%) | 0.82 | 1,596 |
| 2020-06-01 | $271,238 (2.4%) | $333,511 (9.5%) | 0.80 | 1,413 |
| 2020-07-01 | $279,950 (4.9%) | $344,330 (12.2%) | 0.81 | 1,286 |
| 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 (15.9%) | $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 (15.1%) | 0.84 | 742 |
| 2021-06-01 | $313,250 (15.5%) | $380,198 (14.0%) | 0.82 | 838 |
| 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%) | $436,210 (1.2%) | 0.90 | 1,339 |
| 2023-10-01 | $379,950 (0.0%) | $436,371 (2.3%) | 0.89 | 1,380 |
| 2023-11-01 | $385,000 (2.7%) | $445,210 (4.1%) | 0.92 | 1,407 |
| 2023-12-01 | $384,450 (3.9%) | $441,401 (3.8%) | 0.94 | 1,325 |
| 2024-01-01 | $382,224 (2.0%) | $440,229 (3.8%) | 0.93 | 1,208 |
| 2024-02-01 | $379,950 (1.5%) | $438,812 (3.4%) | 0.91 | 1,157 |
| 2024-03-01 | $385,000 (1.3%) | $440,785 (2.2%) | 0.91 | 1,180 |
| 2024-04-01 | $397,000 (1.8%) | $443,653 (-0.6%) | 0.92 | 1,261 |
| 2024-05-01 | $408,613 (4.8%) | $459,613 (2.0%) | 0.92 | 1,330 |
| 2024-06-01 | $408,000 (4.0%) | $462,614 (1.3%) | 0.92 | 1,422 |
| 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 (5.8%) | 0.94 | 1,689 |
| 2024-10-01 | $399,995 (5.3%) | $453,780 (4.0%) | 0.94 | 1,810 |
Bakersfield's median listing price comes in at 94% of the national average.
Bakersfield's average listing price for 2024-10-01 was $453,780, a difference of $17,409 (4.0%) versus the prior year and $-7,868 versus the prior month.
For the 2024-10-01 period, Bakersfield had 1,810 MLS listings, a difference of 121 listings (7%) versus the prior month and 430 listings (31%) 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 | 1,708 sqft |
| 2018-02-01 | 41 days | 1,714 sqft |
| 2018-03-01 | 40 days | 1,746 sqft |
| 2018-04-01 | 43 days | 1,761 sqft |
| 2018-05-01 | 43 days | 1,782 sqft |
| 2018-06-01 | 44 days | 1,774 sqft |
| 2018-07-01 | 45 days | 1,770 sqft |
| 2018-08-01 | 46 days | 1,744 sqft |
| 2018-09-01 | 46 days | 1,739 sqft |
| 2018-10-01 | 53 days | 1,707 sqft |
| 2018-11-01 | 56 days | 1,693 sqft |
| 2018-12-01 | 64 days | 1,682 sqft |
| 2019-01-01 | 66 days | 1,667 sqft |
| 2019-02-01 | 51 days | 1,670 sqft |
| 2019-03-01 | 45 days | 1,707 sqft |
| 2019-04-01 | 43 days | 1,746 sqft |
| 2019-05-01 | 40 days | 1,747 sqft |
| 2019-06-01 | 44 days | 1,736 sqft |
| 2019-07-01 | 44 days | 1,747 sqft |
| 2019-08-01 | 46 days | 1,724 sqft |
| 2019-09-01 | 48 days | 1,701 sqft |
| 2019-10-01 | 51 days | 1,688 sqft |
| 2019-11-01 | 53 days | 1,685 sqft |
| 2019-12-01 | 58 days | 1,676 sqft |
| 2020-01-01 | 61 days | 1,676 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 | 1,762 sqft |
| 2020-09-01 | 31 days | 1,789 sqft |
| 2020-10-01 | 34 days | 1,759 sqft |
| 2020-11-01 | 36 days | 1,709 sqft |
| 2020-12-01 | 39 days | 1,632 sqft |
| 2021-01-01 | 40 days | 1,605 sqft |
| 2021-02-01 | 32 days | 1,600 sqft |
| 2021-03-01 | 23 days | 1,605 sqft |
| 2021-04-01 | 22 days | 1,620 sqft |
| 2021-05-01 | 21 days | 1,666 sqft |
| 2021-06-01 | 22 days | 1,648 sqft |
| 2021-07-01 | 22 days | 1,633 sqft |
| 2021-08-01 | 27 days | 1,639 sqft |
| 2021-09-01 | 30 days | 1,613 sqft |
| 2021-10-01 | 31 days | 1,654 sqft |
| 2021-11-01 | 37 days | 1,640 sqft |
| 2021-12-01 | 40 days | 1,659 sqft |
| 2022-01-01 | 39 days | 1,634 sqft |
| 2022-02-01 | 26 days | 1,647 sqft |
| 2022-03-01 | 22 days | 1,680 sqft |
| 2022-04-01 | 22 days | 1,702 sqft |
| 2022-05-01 | 23 days | 1,715 sqft |
| 2022-06-01 | 26 days | 1,759 sqft |
| 2022-07-01 | 31 days | 1,748 sqft |
| 2022-08-01 | 38 days | 1,742 sqft |
| 2022-09-01 | 44 days | 1,749 sqft |
| 2022-10-01 | 46 days | 1,729 sqft |
| 2022-11-01 | 50 days | 1,725 sqft |
| 2022-12-01 | 61 days | 1,729 sqft |
| 2023-01-01 | 66 days | 1,737 sqft |
| 2023-02-01 | 49 days | 1,717 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 | 1,753 sqft |
| 2023-07-01 | 35 days | 1,760 sqft |
| 2023-08-01 | 38 days | 1,737 sqft |
| 2023-09-01 | 39 days | 1,724 sqft |
| 2023-10-01 | 42 days | 1,673 sqft |
| 2023-11-01 | 45 days | 1,687 sqft |
| 2023-12-01 | 54 days | 1,668 sqft |
| 2024-01-01 | 59 days | 1,693 sqft |
| 2024-02-01 | 45 days | 1,680 sqft |
| 2024-03-01 | 44 days | 1,699 sqft |
| 2024-04-01 | 39 days | 1,697 sqft |
| 2024-05-01 | 32 days | 1,729 sqft |
| 2024-06-01 | 37 days | 1,736 sqft |
| 2024-07-01 | 41 days | 1,720 sqft |
| 2024-08-01 | 43 days | 1,709 sqft |
| 2024-09-01 | 44 days | 1,719 sqft |
| 2024-10-01 | 44 days | 1,714 sqft |
Bakersfield's median square footage for active listings during the 2024-10-01 period was 1,714 sqft. One year prior, the average listing was 1,673 sqft.