Bakersfield VA Loan Rates, Closing Costs & Stats
BAKERSFIELD, CA
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 not 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 95 lenders originated 830 VA loans during 2023. The total origination value was $300,060,000, with an average VA loan value of $361,518.
Bakersfield VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Bakersfield
averaged
5.71%
for the week of 2024-10-04, compared to the national average (all VA variants) of
5.596% for the same period.
Bakersfield's average VA mortgage closing costs are $6,182.
The average rate for the prior week (2024-09-27) was
5.43% and
one month ago for the week of 2024-08-30, the
average rate was 5.96%.
The average rate one year ago was 7.19%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.68%.
Bakersfield VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bakersfield level.
The top Bakersfield VA lender as defined by loan originations is Mortgage Research Center, LLC, with
120 VA loans originated. Their average total fees are
$6,088, which is $3,111
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Bakersfield VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC ($4,486), NAVY FEDERAL CREDIT UNION ($5,411), GUARANTEED RATE, INC. ($6,017), Mortgage Research Center, LLC ($6,088) and K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. ($6,482).
The lowest rate Bakersfield VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.53%), DRAPER AND KRAMER MORTGAGE CORP. (5.72%), PENNYMAC LOAN SERVICES, LLC (5.78%), GUILD MORTGAGE COMPANY (5.81%) and NAVY FEDERAL CREDIT UNION (5.85%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bakersfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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%) | 0.00 | 1,689 |
Bakersfield's median listing price comes in at 0% of the national average.
Bakersfield's average listing price for 2024-09-01 was $461,648, a difference of $25,438 (5.8%) versus the prior year and $-1,261 versus the prior month.
For the 2024-09-01 period, Bakersfield had 1,689 MLS listings, a difference of 76 listings (5%) versus the prior month and 350 listings (26%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bakersfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 0 days | 1,719 sqft |
Bakersfield's median square footage for active listings during the 2024-09-01 period was 1,719 sqft. One year prior, the average listing was 1,724 sqft.