Bakersfield VA Loan Rates, Closing Costs & Stats

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 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 101 lenders originated 1,087 VA loans during 2024. The total origination value was $419,095,000, with an average VA loan value of $385,552.

    Bakersfield VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bakersfield averaged 0.27% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Bakersfield's average VA mortgage closing costs are $6,316.

    The average rate for the prior week (2025-06-27) was 6.7% and one month ago for the week of 2025-05-30, the average rate was 6.53%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.19%.

    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/closing costs and rates for VA 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
    UNITED WHOLESALE MORTGAGE, LLC 186 5.83% $6,618
    Mortgage Research Center, LLC 148 6.30% $6,141
    QUICKEN LOANS, LLC 75 6.05% $9,399
    FREEDOM MORTGAGE CORPORATION 55 6.10% $8,442
    NAVY FEDERAL CREDIT UNION 29 5.95% $4,657
    LOANDEPOT.COM, LLC 29 6.02% $9,978
    PENNYMAC LOAN SERVICES, LLC 28 5.50% $9,253
    DHI MORTGAGE COMPANY, LTD. 25 5.55% $8,932
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 22 5.41% $8,732
    NEWREZ LLC 20 6.08% $8,826
    MORIA DEVELOPMENT, INC. 20 6.29% $10,802
    VILLAGE CAPITAL MORTGAGE 17 5.60% $5,527
    EAGLE HOME MORTGAGE, LLC 16 5.70% $5,161
    AMERICAN FINANCIAL NETWORK, INC. 16 6.06% $6,140
    GUILD MORTGAGE COMPANY 15 6.01% $7,811
    Golden Empire Mortgage, Inc. 15 6.23% $9,494
    USAA Federal Savings Bank 14 6.01% $9,239
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.48% $4,997
    Century Mortgage Company DBA Century Lending Company 12 6.00% $6,248
    Sierra Pacific Mortgage Company, Inc. 12 6.24% $12,290
    Nations Lending Corporation 11 6.59% $9,999
    BROKER SOLUTIONS, INC. 10 6.60% $11,543
    PLANET HOME LENDING, LLC 10 5.94% $5,072
    The Federal Savings Bank 10 6.54% $17,974
    NEW DAY FINANCIAL, LLC 10 7.33% $11,532
    MICHIGAN MUTUAL, INC. 9 6.05% $6,029
    FBC MORTGAGE, LLC 8 5.47% $8,644
    CROSSCOUNTRY MORTGAGE, LLC 8 5.93% $5,004
    DAS Acquisition Company, LLC 7 6.41% $5,578
    SUN WEST MORTGAGE COMPANY, INC. 7 6.05% $6,808
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 5.98% $9,168
    LAKEVIEW LOAN SERVICING, LLC 7 5.66% $8,064
    MORTGAGE SOLUTIONS OF COLORADO, LLC 7 7.61% $3,867
    DIGNIFIED HOME LOANS, LLC 6 6.10% $11,670
    GUARANTEED RATE, INC. 6 6.14% $5,540
    Lakeview Community Capital, LLC 5 5.45% $5,905
    JMAC LENDING, INC. 5 6.15% $11,025
    Magnolia Bank 5 5.95% $8,992
    Carrington Mortgage Services, LLC 5 6.38% $10,670
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.09% $7,931
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.59% $9,708
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.37% $2,492
    LOANPAL, LLC 4 5.97% $12,820
    Mr. Cooper ( Nationstar Mortgage ) 4 6.75% $15,293
    CLEARPATH LENDING 4 5.87% $6,543
    GENEVA FINANCIAL, LLC 3 6.38% $18,994
    FIRST COLONY MORTGAGE CORPORATION 3 6.67% $7,979
    CMG MORTGAGE, INC. 3 5.96% $13,770
    VERITAS FUNDING, LLC 3 6.33% $21,098
    MLD MORTGAGE INC. 3 6.13% $3,119
    Equity Prime Mortgage LLC 3 6.33% $8,272
    Paramount Residential Mortgage Group, Inc. 3 5.79% $5,942
    American Mortgage & Equity Consultants, Inc. 3 6.88% $9,551
    OCMBC, INC. 3 6.25% $5,545
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.63% $22,992
    POINT Mortgage 3 6.00% $3,738
    NBKC BANK 3 6.29% $9,470
    ALAMEDA MORTGAGE CORPORATION 3 6.12% $12,589
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 2 6.63% $4,251
    MORTGAGEONE, INC. 2 6.56% $1,606
    SUMMIT FUNDING, INC. 2 6.93% $9,492
    PNC Bank 2 6.50% $6,774
    AUGUSTA FINANCIAL, INC. 2 6.06% $10,337
    MOVEMENT MORTGAGE, LLC 2 6.50% $13,122
    Franklin Loan Corporation 2 6.50% $5,792
    Flagstar Bank, FSB 2 5.60% $6,272
    First Federal Bank 2 5.63% $7,006
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.25% $4,425
    NETWORK CAPITAL FUNDING CORPORATION 2 5.56% $6,371
    Performance Financial, Inc. 2 6.31% $19,463
    ZILLOW HOME LOANS, LLC 2 6.31% $18,786
    MYCUMORTGAGE, LLC 2 6.94% $2,988
    NATIONS DIRECT MORTGAGE, LLC 2 6.69% $4,746
    BAY EQUITY LLC 2 6.31% $7,207
    The Loan Store, Inc. 2 6.13% $8,484
    MORTGAGE 1 INCORPORATED 2 6.81% $4,932
    MOUNTAIN WEST FINANCIAL, INC. 1 6.63% $11,345
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $7,037
    AmeriHome Mortgage Company, LLC 1 6.13% $2,579
    CAMPOS FINANCIAL CORP. 1 6.63% $17,251
    CASTLE & COOKE MORTGAGE, LLC 1 6.75% $13,227
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $8,527
    EVERETT FINANCIAL, INC. 1 6.63% $9,821
    GUARANTEED RATE AFFINITY, LLC 1 6.58% $627
    HighTechLending Inc 1 5.99% $3,855
    Hometown Equity Mortgage, LLC 1 6.75% $10,480
    INTERCAP LENDING INC. 1 5.63% $1,272
    JMJ FINANCIAL GROUP 1 5.13% $6,465
    JPMorgan Chase Bank 1 5.99% $6,014
    LADERA LENDING, INC. 1 5.63% $6,963
    LEADERONE FINANCIAL CORPORATION 1 6.25% $28,533
    ML Mortgage Corp. 1 5.75% $5,121
    AHL FUNDING 1 6.25% $8,788
    Northwest Bank 1 6.00% $9,598
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $0
    PLAZA HOME MORTGAGE, INC. 1 5.99% $4,183
    PREMIA MORTGAGE, LLC 1 5.75% $10,887
    S1L, Inc. 1 6.63% $10,372
    Service Federal Credit Union 1 6.38% $9,306
    TJC Mortgage, Inc. 1 7.13% $18,713
    U.S. Bank 1 6.63% $5,528

    The top Bakersfield VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 186 VA loans originated. Their average total fees are $6,618, which is $477 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Bakersfield VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,657), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,997), PLANET HOME LENDING, LLC ($5,072), EAGLE HOME MORTGAGE, LLC ($5,161) and VILLAGE CAPITAL MORTGAGE ($5,527).

    The lowest rate Bakersfield VA lenders (with over 10 loans originated) are K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (5.41%), PENNYMAC LOAN SERVICES, LLC (5.50%), DHI MORTGAGE COMPANY, LTD. (5.55%), VILLAGE CAPITAL MORTGAGE (5.60%) and EAGLE HOME MORTGAGE, LLC (5.70%).

    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
    2025-05-01 $399,999 (-2.0%) $459,863 (0.3%) 0.91 2,016
    Bakersfield's median listing price for 2025-05-01 was $399,999, a difference of $-8,129 (-2.0%) versus the prior year and $774 versus the prior month.

    Bakersfield's median listing price comes in at 91% of the national average.

    Bakersfield's average listing price for 2025-05-01 was $459,863, a difference of $1,302 (0.3%) versus the prior year and $5,890 versus the prior month.

    For the 2025-05-01 period, Bakersfield had 2,016 MLS listings, a difference of 130 listings (7%) versus the prior month and 685 listings (51%) 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
    2025-05-01 45 days 1,717 sqft
    Bakersfield's median listing age (time on market) for 2025-05-01 was 45 days. This is 30% longer than the same period one year ago.

    Bakersfield's median square footage for active listings during the 2025-05-01 period was 1,717 sqft. One year prior, the average listing was 1,730 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.