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 14 lenders originated 20 USDA loans during 2024. The total origination value was $6,080,000, with an average USDA loan value of $304,000.
Bakersfield USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Bakersfield
averaged
6.65%
for the week of 2025-05-23, compared to the national average (all USDA variants) of
6.433% for the same period.
Bakersfield's average USDA mortgage closing costs are $7,048.
The average rate for the prior week (2025-05-16) was
6.48% and
one month ago for the week of 2025-04-18, the
average rate was 6.27%.
The average rate one year ago was 6.74%.
For refis of the same type during the week of 2025-05-23, the average rate
was 5.89%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| MORIA DEVELOPMENT, INC. | 3 | 6.29% | $9,972 |
| Century Mortgage Company DBA Century Lending Company | 3 | 6.50% | $8,432 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 2 | 6.13% | $12,671 |
| FIRST COLONY MORTGAGE CORPORATION | 1 | 5.63% | $11,428 |
| GENEVA FINANCIAL, LLC | 1 | 5.75% | $14,556 |
| Golden Empire Mortgage, Inc. | 1 | 5.25% | $8,299 |
| JMAC LENDING, INC. | 1 | 5.88% | $9,956 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.75% | $10,704 |
| Nations Lending Corporation | 1 | 6.75% | $5,238 |
| OCMBC, INC. | 1 | 5.75% | $16,282 |
| PLANET HOME LENDING, LLC | 1 | 6.25% | $10,717 |
| Sierra Pacific Mortgage Company, Inc. | 1 | 6.25% | $11,399 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.74% | $11,496 |
| U.S. Bank | 1 | 5.99% | $9,867 |
The top Bakersfield USDA lender as defined by loan originations is MORIA DEVELOPMENT, INC., with
3 USDA loans originated. Their average total fees are
$9,972, which is $1,541
higher than the next largest lender,
Century Mortgage Company DBA Century Lending Company.
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%) | $289,455 (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%) | 0.93 | 1,331 |
| 2024-06-01 | $400,000 (1.9%) | $462,614 (1.3%) | 0.91 | 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%) | 0.97 | 1,690 |
| 2025-02-01 | $391,249 (3.0%) | $451,040 (2.7%) | 0.95 | 1,796 |
| 2025-03-01 | $398,750 (3.6%) | $451,222 (2.3%) | 0.94 | 1,830 |
| 2025-04-01 | $399,225 (0.6%) | $453,973 (2.3%) | 0.93 | 1,886 |
Bakersfield's median listing price comes in at 93% of the national average.
Bakersfield's average listing price for 2025-04-01 was $453,973, a difference of $10,362 (2.3%) versus the prior year and $2,751 versus the prior month.
For the 2025-04-01 period, Bakersfield had 1,886 MLS listings, a difference of 56 listings (3%) versus the prior month and 625 listings (50%) 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 | 43 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 | 54 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 | 35 days | 1,730 sqft |
| 2024-06-01 | 40 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 | 59 days | 1,652 sqft |
| 2025-02-01 | 49 days | 1,648 sqft |
| 2025-03-01 | 48 days | 1,685 sqft |
| 2025-04-01 | 47 days | 1,694 sqft |
Bakersfield's median square footage for active listings during the 2025-04-01 period was 1,694 sqft. One year prior, the average listing was 1,704 sqft.