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 0.02% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Bakersfield's average USDA mortgage closing costs are $7,048.

The average rate for the prior week (2025-06-13) was 6.62% and one month ago for the week of 2025-05-16, the average rate was 6.28%.

The average rate one year ago was 6.7%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.54%.

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

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 .