Bakersfield VA Loans

BAKERSFIELD, CA

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Bakersfield's 167 lenders originated 3,505 VA loans during 2021. The total origination value was $1,026,995,000, with an average VA loan value of $293,009.

    Bakersfield VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bakersfield averaged 5.71% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.72% and one month ago for the week of 2022-04-15, the average rate was 5.08%.

    The average rate one year ago was 3.18%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.37%.

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

    Bakersfield VA Loan Lenders by Rates & Fees

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

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FREEDOM MORTGAGE CORPORATION 316 2.43% $3,145
    QUICKEN LOANS, LLC 258 2.43% $4,770
    Mortgage Research Center, LLC 230 2.85% $6,549
    PENNYMAC LOAN SERVICES, LLC 190 2.37% $5,774
    UNITED WHOLESALE MORTGAGE, LLC 175 2.49% $7,108
    NAVY FEDERAL CREDIT UNION 111 2.49% $5,089
    GUILD MORTGAGE COMPANY 111 2.73% $6,669
    LOANDEPOT.COM, LLC 79 2.46% $5,294
    VILLAGE CAPITAL & INVESTMENT LLC 76 2.31% $3,227
    NEW DAY FINANCIAL, LLC 76 2.79% $8,587
    CALIBER HOME LOANS, INC. 75 2.63% $5,496
    HOME POINT FINANCIAL CORPORATION 75 2.52% $6,262
    Sierra Pacific Mortgage Company, Inc. 63 2.83% $7,267
    DIGNIFIED HOME LOANS, LLC 61 2.67% $7,208
    CLEARPATH LENDING 55 2.32% $3,403
    USAA Federal Savings Bank 52 2.81% $4,508
    HOMEBRIDGE FINANCIAL SERVICES, INC. 48 2.73% $7,188
    Mr. Cooper ( Nationstar Mortgage ) 44 2.64% $3,779
    LAKEVIEW LOAN SERVICING, LLC 43 2.40% $2,399
    AMERICAN FINANCIAL NETWORK, INC. 43 2.59% $9,686
    AMERICAN PACIFIC MORTGAGE CORPORATION 36 2.74% $6,786
    Wells Fargo Bank 33 2.59% $3,377
    DRAPER AND KRAMER MORTGAGE CORP. 32 2.52% $7,615
    The Federal Savings Bank 26 2.47% $7,607
    BROKER SOLUTIONS, INC. 25 2.69% $5,086
    Lakeview Community Capital, LLC 24 2.46% $3,311
    SUMMIT FUNDING, INC. 23 2.90% $9,494
    GUARANTEED RATE, INC. 21 2.73% $4,747
    Carrington Mortgage Services, LLC 19 2.88% $5,132
    PENTAGON FEDERAL CREDIT UNION 19 2.30% $5,611
    CMG MORTGAGE, INC. 18 2.67% $7,373
    NEWREZ LLC 18 2.75% $4,507
    CROSSCOUNTRY MORTGAGE, LLC 18 3.01% $9,597
    AMERISAVE MORTGAGE CORPORATION 17 2.74% $7,786
    Golden Empire Mortgage, Inc. 16 3.32% $10,093
    InterContinental Capital Group, Inc 16 2.38% $3,136
    FINANCE OF AMERICA MORTGAGE LLC 15 2.83% $8,266
    FBC MORTGAGE, LLC 15 2.82% $10,077
    Nations Lending Corporation 14 3.22% $10,261
    AUGUSTA FINANCIAL, INC. 14 2.75% $10,321
    PLANET HOME LENDING, LLC 14 2.52% $2,803
    SUN WEST MORTGAGE COMPANY, INC. 14 2.66% $7,869
    PLAZA HOME MORTGAGE, INC. 14 2.72% $6,574
    Commerce Home Mortgage, Inc. 13 2.57% $5,648
    RESIDENTIAL BANCORP. 12 2.82% $11,954
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 12 3.15% $9,229
    Barrington Bank & Trust Company, N.A. 12 2.70% $4,727
    LENDUS, LLC 11 2.66% $6,695
    CELEBRITY HOME LOANS, LLC 11 2.69% $6,849
    DHI MORTGAGE COMPANY, LTD. 11 2.79% $8,826
    EAGLE HOME MORTGAGE, LLC 11 3.00% $4,201
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 2.70% $8,991
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 10 3.15% $8,145
    PRIMARY RESIDENTIAL MORTGAGE, INC. 10 3.26% $4,286
    LOANPAL, LLC 10 2.44% $6,369
    Equity Prime Mortgage LLC 9 3.29% $6,577
    KS StateBank 9 2.44% $4,223
    Hometown Lenders, Inc. 9 2.86% $4,835
    SECURITYNATIONAL MORTGAGE COMPANY 9 3.06% $10,289
    Low VA Rates, LLC 8 2.09% $5,444
    NP, Inc. 8 2.41% $5,166
    MLD MORTGAGE INC. 8 2.92% $8,267
    ACCELERATE MORTGAGE, LLC 8 2.50% $3,949
    Platinum Home Mortgage Corporation 8 3.05% $10,358
    MUTUAL OF OMAHA MORTGAGE, INC. 7 2.55% $5,370
    Armed Forces Bank 7 2.54% $3,340
    MICHIGAN MUTUAL, INC. 7 3.14% $5,975
    MASON MCDUFFIE MORTGAGE CORPORATION 7 2.84% $4,946
    First Guaranty Mortgage Corporation 7 2.48% $2,940
    HighTechLending Inc 6 2.96% $12,486
    NBH Bank 6 2.38% $2,593
    NATIONS DIRECT MORTGAGE, LLC 6 3.17% $7,631
    NETWORK CAPITAL FUNDING CORPORATION 5 2.68% $11,539
    AMERICAN FINANCING CORPORATION 5 2.75% $5,576
    MOVEMENT MORTGAGE, LLC 5 3.08% $2,813
    MUFG Union Bank 4 2.81% $2,002
    CALCON MUTUAL MORTGAGE LLC 4 3.88% $11,775
    Flagstar Bank, FSB 4 2.98% $9,213
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 4 2.56% $4,925
    LEADERONE FINANCIAL CORPORATION 4 2.63% $5,372
    Magnolia Bank 4 2.75% $9,345
    NBKC BANK 4 2.50% $8,772
    North American Savings Bank, F.S.B. 4 2.50% $12,669
    OCMBC, INC. 4 2.78% $4,864
    Paramount Residential Mortgage Group, Inc. 4 2.84% $11,668
    SOVEREIGN LENDING GROUP INCORPORATED 4 2.75% $7,280
    Watermark Capital, Inc. 4 2.72% $7,344
    Prime Choice Funding Inc. 3 2.42% $3,920
    HOMESIDE FINANCIAL, LLC 3 2.42% $8,898
    First Federal Bank 3 2.71% $5,834
    CONTOUR MORTGAGE CORPORATION 3 2.54% $8,117
    Credence Funding Corporation 3 2.38% $1,501
    MID AMERICA MORTGAGE, INC. 3 2.08% $1,624
    INTERCAP LENDING INC. 3 2.67% $7,680
    KELLER MORTGAGE, LLC 3 2.92% $12,057
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 2.58% $2,201
    Hometown Equity Mortgage, LLC 3 2.75% $10,287
    Sunflower Bank 3 2.37% $7,632
    Strong Home Mortgage, LLC 3 2.46% $743
    CAMPOS FINANCIAL CORP. 3 2.92% $4,618
    MOUNTAIN WEST FINANCIAL, INC. 3 2.88% $4,242
    UNION HOME MORTGAGE CORP. 2 2.25% $10,059
    Manufacturers and Traders Trust Company 2 2.56% $7,621
    HomeStreet Bank 2 2.81% $3,344
    HOME APPROVALS DIRECT, INC. 2 2.50% $3,989
    FRONTWAVE 2 2.63% $5,184
    DAS Acquisition Company, LLC 2 2.94% $18,737
    CORNERSTONE HOME LENDING, INC. 2 2.94% $4,478
    Northpointe Bank 2 2.50% $4,570
    Paramount Bank 2 2.38% $5,942
    PHH Mortgage Corporation 2 2.81% $6,945
    CHURCHILL MORTGAGE CORPORATION 2 2.63% $11,801
    CHERRY CREEK MORTGAGE, LLC 2 2.25% $708
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 3.31% $9,547
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 2.75% $4,463
    BAY EQUITY LLC 2 2.38% $6,894
    AHL FUNDING 2 3.19% $9,672
    STEARNS LENDING, LLC 2 2.75% $14,778
    Bank of England 2 2.88% $6,921
    AmeriHome Mortgage Company, LLC 2 2.94% $2,539
    U.S. Bank 2 2.75% $11,520
    Amerifirst Financial, Inc. 2 3.31% $4,185
    LADERA LENDING, INC. 2 2.94% $9,374
    KINGS MORTGAGE SERVICES, INC. 2 2.56% $10,282
    Citibank 1 2.88% $1,518
    TJC Mortgage, Inc. 1 2.25% $1,306
    PINNACLE LENDING GROUP, INC. 1 2.25% $12,322
    TOP FLITE FINANCIAL, INC. 1 3.25% $9,472
    Umpqua Bank 1 2.75% $3,372
    CENTRAL COAST LENDING, INC. 1 3.13% $5,898
    PLUS RELOCATION MORTGAGE, LLC 1 2.50% $40,857
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.75% $5,296
    CANOPY MORTGAGE, LLC 1 1.75% $4,637
    GENEVA FINANCIAL, LLC 1 3.13% $16,322
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $9,630
    Prosperity Home Mortgage, LLC 1 2.88% $3,530
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.88% $5,888
    CALCULATED RISK ANALYTICS LLC 1 4.25% $12,064
    Home Mortgage Alliance Corp 1 2.38% $9,353
    UNITED SECURITY FINANCIAL CORP 1 1.75% $6,582
    S1L, Inc. 1 2.88% $4,138
    SECURITY HOME MORTGAGE, LLC. 1 2.50% $4,222
    BEST CAPITAL FUNDING 1 2.38% $2,024
    JPMorgan Chase Bank 1 2.63% $1,864
    Mid-Continent Funding, Inc. 1 2.88% $12,988
    SRE MORTGAGE ALLIANCE INC. 1 2.25% $22,700
    Meridian Bank Corporation 1 2.25% $5,581
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.75% $5,540
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 3.75% $9,958
    EVERETT FINANCIAL, INC. 1 3.88% $2,138
    DIRECT MORTGAGE, CORP. 1 2.38% $8,382
    NATIONS RELIABLE LENDING, LLC 1 2.25% $6,725
    DATA MORTGAGE, INC. 1 3.13% $4,330
    MORTGAGEONE, INC. 1 3.13% $4,121
    VAN DYK MORTGAGE CORPORATION 1 2.25% $4,651
    MYCUMORTGAGE, LLC 1 2.88% $4,031
    COUNTRY CLUB MORTGAGE, INC. 1 3.38% $3,967
    SUNSTREET MORTGAGE, LLC 1 2.38% $1,290
    AMCAP MORTGAGE, LTD. 1 2.63% $4,287
    MORIA DEVELOPMENT, INC. 1 2.75% $4,715
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 2.88% $11,155
    V.I.P. MORTGAGE, INC. 1 2.25% $0
    ON Q FINANCIAL, INC. 1 2.75% $18,539
    PANORAMA MORTGAGE GROUP, LLC 1 2.75% $2,487
    Lend Smart Mortgage, LLC 1 2.50% $26,247
    WESTERN EXPRESS LENDING 1 3.00% $9,511
    CITYWIDE HOME LOANS, LLC 1 2.75% $2,744

    The top Bakersfield VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 316 VA loans originated. Their average total fees are $3,145, which is $1,625 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bakersfield VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,399), PLANET HOME LENDING, LLC ($2,803), InterContinental Capital Group, Inc ($3,136), FREEDOM MORTGAGE CORPORATION ($3,145) and VILLAGE CAPITAL & INVESTMENT LLC ($3,227).

    The lowest rate Bakersfield VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (2.30%), VILLAGE CAPITAL & INVESTMENT LLC (2.31%), CLEARPATH LENDING (2.32%), PENNYMAC LOAN SERVICES, LLC (2.37%) and InterContinental Capital Group, Inc (2.38%).

    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 $240,000 (6.2%) $295,796 (6.5%) 0.88 2,247
    2018-02-01 $244,975 (6.5%) $295,240 (4.1%) 0.88 2,305
    2018-03-01 $255,000 (6.3%) $295,289 (0.8%) 0.88 2,316
    2018-04-01 $259,925 (6.1%) $307,647 (3.7%) 0.87 2,422
    2018-05-01 $265,000 (6.8%) $313,203 (5.5%) 0.88 2,411
    2018-06-01 $265,000 (5.0%) $310,733 (4.8%) 0.88 2,548
    2018-07-01 $262,975 (5.2%) $309,351 (5.2%) 0.88 2,651
    2018-08-01 $259,000 (3.6%) $304,821 (4.3%) 0.87 2,700
    2018-09-01 $255,000 (2.4%) $305,575 (4.7%) 0.85 2,765
    2018-10-01 $249,999 (0.2%) $302,658 (0.7%) 0.84 2,754
    2018-11-01 $249,900 (0.4%) $298,910 (0.0%) 0.84 2,685
    2018-12-01 $248,000 (1.2%) $294,217 (-1.7%) 0.85 2,509
    2019-01-01 $244,975 (2.1%) $291,910 (-1.3%) 0.84 2,287
    2019-02-01 $246,350 (0.6%) $294,388 (-0.3%) 0.83 2,280
    2019-03-01 $253,614 (-0.5%) $302,030 (2.3%) 0.83 2,304
    2019-04-01 $259,900 (0.0%) $311,793 (1.4%) 0.82 2,365
    2019-05-01 $260,000 (-1.9%) $312,977 (-0.1%) 0.80 2,471
    2019-06-01 $260,000 (-1.9%) $313,655 (0.9%) 0.80 2,566
    2019-07-01 $265,700 (1.0%) $316,337 (2.3%) 0.83 2,603
    2019-08-01 $262,429 (1.3%) $312,738 (2.6%) 0.83 2,494
    2019-09-01 $259,879 (1.9%) $309,710 (1.4%) 0.83 2,321
    2019-10-01 $259,450 (3.8%) $308,221 (1.8%) 0.83 2,340
    2019-11-01 $259,000 (3.6%) $312,153 (4.4%) 0.84 2,246
    2019-12-01 $259,900 (4.8%) $376,444 (28.0%) 0.87 2,048
    2020-01-01 $259,950 (6.1%) $314,712 (7.8%) 0.87 1,809
    2020-02-01 $263,500 (7.0%) $325,188 (10.5%) 0.85 1,725
    2020-03-01 $274,900 (8.4%) $333,579 (10.5%) 0.86 1,750
    2020-04-01 $270,000 (3.9%) $327,870 (5.2%) 0.84 1,814
    2020-05-01 $274,900 (5.7%) $332,344 (6.2%) 0.83 1,732
    2020-06-01 $277,000 (6.5%) $341,697 (8.9%) 0.81 1,527
    2020-07-01 $289,250 (8.9%) $351,848 (11.2%) 0.83 1,401
    2020-08-01 $299,000 (13.9%) $364,756 (16.6%) 0.85 1,241
    2020-09-01 $309,500 (19.1%) $377,520 (21.9%) 0.88 1,275
    2020-10-01 $304,000 (17.2%) $377,877 (22.6%) 0.87 1,253
    2020-11-01 $299,995 (15.8%) $362,591 (16.2%) 0.86 1,165
    2020-12-01 $287,500 (10.6%) $346,097 (-8.1%) 0.84 1,075
    2021-01-01 $279,999 (7.7%) $334,823 (6.4%) 0.82 944
    2021-02-01 $282,450 (7.2%) $347,616 (6.9%) 0.81 829
    2021-03-01 $297,000 (8.0%) $362,198 (8.6%) 0.83 758
    2021-04-01 $303,450 (12.4%) $361,245 (10.2%) 0.82 791
    2021-05-01 $315,000 (14.6%) $380,733 (14.6%) 0.83 800
    2021-06-01 $319,000 (15.2%) $389,167 (13.9%) 0.83 901
    2021-07-01 $326,700 (13.0%) $388,080 (10.3%) 0.85 1,044
    2021-08-01 $322,500 (7.9%) $386,555 (6.0%) 0.85 1,229
    2021-09-01 $325,000 (5.0%) $394,767 (4.6%) 0.86 1,245
    2021-10-01 $339,000 (11.5%) $401,576 (6.3%) 0.89 1,311
    2021-11-01 $340,000 (13.3%) $411,311 (13.4%) 0.90 1,135
    2021-12-01 $345,000 (20.0%) $434,307 (25.5%) 0.92 1,019
    2022-01-01 $345,000 (23.2%) $432,152 (29.1%) 0.92 867
    2022-02-01 $349,900 (23.9%) $447,854 (28.8%) 0.89 823
    2022-03-01 $359,500 (21.0%) $452,716 (25.0%) 0.89 821
    2022-04-01 $370,000 (21.9%) $445,450 (23.3%) 0.87 951
    Bakersfield's median listing price for 2022-04-01 was $370,000, a difference of $66,550 (21.9%) versus the prior year and $10,500 versus the prior month.

    Bakersfield's median listing price comes in at 87% of the national average.

    Bakersfield's average listing price for 2022-04-01 was $445,450, a difference of $84,205 (23.3%) versus the prior year and $-7,266 versus the prior month.

    For the 2022-04-01 period, Bakersfield had 951 MLS listings, a difference of 130 listings (16%) versus the prior month and 160 listings (20%) 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 63 days 1,721 sqft
    2018-02-01 43 days 1,721 sqft
    2018-03-01 43 days 1,750 sqft
    2018-04-01 45 days 1,768 sqft
    2018-05-01 44 days 1,789 sqft
    2018-06-01 45 days 1,787 sqft
    2018-07-01 46 days 1,772 sqft
    2018-08-01 47 days 1,748 sqft
    2018-09-01 47 days 1,740 sqft
    2018-10-01 53 days 1,713 sqft
    2018-11-01 57 days 1,695 sqft
    2018-12-01 66 days 1,688 sqft
    2019-01-01 68 days 1,680 sqft
    2019-02-01 54 days 1,682 sqft
    2019-03-01 47 days 1,715 sqft
    2019-04-01 43 days 1,743 sqft
    2019-05-01 43 days 1,752 sqft
    2019-06-01 46 days 1,736 sqft
    2019-07-01 47 days 1,754 sqft
    2019-08-01 49 days 1,731 sqft
    2019-09-01 49 days 1,714 sqft
    2019-10-01 50 days 1,698 sqft
    2019-11-01 53 days 1,689 sqft
    2019-12-01 57 days 1,685 sqft
    2020-01-01 62 days 1,690 sqft
    2020-02-01 44 days 1,700 sqft
    2020-03-01 40 days 1,741 sqft
    2020-04-01 46 days 1,729 sqft
    2020-05-01 55 days 1,715 sqft
    2020-06-01 49 days 1,731 sqft
    2020-07-01 38 days 1,751 sqft
    2020-08-01 34 days 1,795 sqft
    2020-09-01 30 days 1,816 sqft
    2020-10-01 33 days 1,797 sqft
    2020-11-01 35 days 1,727 sqft
    2020-12-01 38 days 1,645 sqft
    2021-01-01 36 days 1,612 sqft
    2021-02-01 31 days 1,602 sqft
    2021-03-01 22 days 1,627 sqft
    2021-04-01 23 days 1,630 sqft
    2021-05-01 22 days 1,680 sqft
    2021-06-01 23 days 1,661 sqft
    2021-07-01 22 days 1,671 sqft
    2021-08-01 29 days 1,658 sqft
    2021-09-01 30 days 1,639 sqft
    2021-10-01 31 days 1,673 sqft
    2021-11-01 37 days 1,657 sqft
    2021-12-01 40 days 1,685 sqft
    2022-01-01 39 days 1,655 sqft
    2022-02-01 29 days 1,674 sqft
    2022-03-01 25 days 1,706 sqft
    2022-04-01 22 days 1,736 sqft
    Bakersfield's median listing age (time on market) for 2022-04-01 was 22 days. This is -2% shorter than the same period one year ago.

    Bakersfield's median square footage for active listings during the 2022-04-01 period was 1,736 sqft. One year prior, the average listing was 1,630 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.