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 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 6.54% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Bakersfield's average VA mortgage closing costs are $6,182.

    The average rate for the prior week (2025-02-07) was 6.67% and one month ago for the week of 2025-01-10, the average rate was 6.41%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.51%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 120 6.62% $6,088
    UNITED WHOLESALE MORTGAGE, LLC 95 6.17% $9,200
    QUICKEN LOANS, LLC 55 6.24% $12,212
    LOANDEPOT.COM, LLC 36 6.36% $12,117
    NAVY FEDERAL CREDIT UNION 32 5.85% $5,411
    FREEDOM MORTGAGE CORPORATION 22 6.44% $13,573
    PENNYMAC LOAN SERVICES, LLC 20 5.78% $9,511
    EAGLE HOME MORTGAGE, LLC 20 5.88% $4,486
    Sierra Pacific Mortgage Company, Inc. 20 6.17% $9,551
    AMERICAN FINANCIAL NETWORK, INC. 18 6.03% $6,714
    GUARANTEED RATE, INC. 17 6.31% $6,017
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.58% $9,422
    DIGNIFIED HOME LOANS, LLC 15 6.28% $12,964
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 13 5.91% $6,482
    CROSSCOUNTRY MORTGAGE, LLC 13 6.46% $10,410
    GUILD MORTGAGE COMPANY 12 5.81% $9,147
    Nations Lending Corporation 12 6.70% $10,897
    DRAPER AND KRAMER MORTGAGE CORP. 11 5.72% $13,591
    DHI MORTGAGE COMPANY, LTD. 11 5.53% $9,560
    The Federal Savings Bank 10 6.41% $15,793
    Paramount Residential Mortgage Group, Inc. 9 6.82% $14,674
    VILLAGE CAPITAL MORTGAGE 9 6.46% $10,151
    Century Mortgage Company DBA Century Lending Company 9 6.40% $9,505
    NEWREZ LLC 8 6.55% $10,580
    Equity Prime Mortgage LLC 8 6.67% $11,190
    BROKER SOLUTIONS, INC. 8 6.31% $10,836
    MOVEMENT MORTGAGE, LLC 8 6.14% $7,879
    FBC MORTGAGE, LLC 8 5.17% $12,600
    USAA Federal Savings Bank 8 6.19% $7,730
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 6.78% $10,921
    AUGUSTA FINANCIAL, INC. 7 6.41% $8,654
    MICHIGAN MUTUAL, INC. 7 6.77% $7,961
    LOANPAL, LLC 6 6.00% $11,854
    MOUNTAIN WEST FINANCIAL, INC. 6 6.50% $14,077
    Wells Fargo Bank 5 5.85% $8,826
    MLD MORTGAGE INC. 5 6.60% $7,726
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 5 6.72% $6,711
    PLANET HOME LENDING, LLC 5 4.93% $7,128
    American Mortgage & Equity Consultants, Inc. 4 6.62% $4,794
    Mr. Cooper ( Nationstar Mortgage ) 4 5.88% $11,588
    SECURITYNATIONAL MORTGAGE COMPANY 4 6.06% $13,431
    NEW DAY FINANCIAL, LLC 4 7.37% $15,838
    CMG MORTGAGE, INC. 3 6.54% $5,968
    SUMMIT FUNDING, INC. 3 6.00% $3,976
    Magnolia Bank 3 6.83% $15,234
    Golden Empire Mortgage, Inc. 3 6.13% $12,740
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.04% $5,732
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.94% $7,369
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.19% $9,704
    AMERISAVE MORTGAGE CORPORATION 2 5.63% $11,075
    Flagstar Bank, FSB 2 7.25% $20,805
    ALAMEDA MORTGAGE CORPORATION 2 5.94% $17,921
    Plains Commerce Bank 2 5.81% $10,981
    POINT Mortgage 2 7.25% $8,443
    JMJ FINANCIAL GROUP 2 6.44% $13,026
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.00% $1,102
    MASON MCDUFFIE MORTGAGE CORPORATION 2 6.00% $10,052
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 7.31% $16,920
    NETWORK CAPITAL FUNDING CORPORATION 2 6.13% $12,898
    SOVEREIGN LENDING GROUP INCORPORATED 2 5.00% $16,670
    OCMBC, INC. 2 6.94% $15,166
    PREMIA MORTGAGE, LLC 1 6.75% $7,546
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $17,312
    BNC National Bank 1 4.63% $9,183
    ROYAL UNITED MORTGAGE LLC 1 6.25% $14,337
    BMO Harris Bank 1 7.25% $19,206
    SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $6,472
    Bank of England 1 5.25% $6,221
    TJC Mortgage, Inc. 1 5.63% $9,903
    U.S. Bank 1 6.63% $5,552
    HOME APPROVALS DIRECT, INC. 1 7.75% $23,056
    HOMESIDE FINANCIAL, LLC 1 6.25% $12,159
    HomePromise Corporation 1 7.50% $12,423
    HomeStreet Bank 1 7.63% $3,464
    iCore Lending, Inc. 1 6.25% $5,617
    JMAC LENDING, INC. 1 5.13% $8,904
    JPMorgan Chase Bank 1 6.99% $8,783
    HighTechLending Inc 1 6.63% $5,916
    LADERA LENDING, INC. 1 6.63% $17,111
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $6,157
    GENEVA FINANCIAL, LLC 1 6.25% $150
    FRONTWAVE 1 5.38% $3,172
    Watermark Capital, Inc. 1 5.75% $4,498
    MORTGAGEONE, INC. 1 7.25% $12,899
    Franklin Loan Corporation 1 6.25% $20,924
    Farmers Bank & Trust 1 5.38% $4,143
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $11,607
    ENVOY MORTGAGE, LTD 1 6.25% $4,886
    DAS Acquisition Company, LLC 1 7.50% $8,798
    NBKC BANK 1 5.50% $12,743
    Carrington Mortgage Services, LLC 1 5.13% $2,790
    CALIBER HOME LOANS, INC. 1 6.25% $7,122
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $19,565
    Platinum Home Mortgage Corporation 1 6.25% $18,897
    PLAZA HOME MORTGAGE, INC. 1 5.63% $10,777

    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. 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%) 0.92 1,331
    2024-06-01 $400,000 (1.9%) $462,614 (1.3%) 0.92 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%) 0.00 1,690
    Bakersfield's median listing price for 2025-01-01 was $389,950, a difference of $7,500 (2.0%) versus the prior year and $-3,300 versus the prior month.

    Bakersfield's median listing price comes in at 0% of the national average.

    Bakersfield's average listing price for 2025-01-01 was $442,608, a difference of $2,157 (0.5%) versus the prior year and $-5,973 versus the prior month.

    For the 2025-01-01 period, Bakersfield had 1,690 MLS listings, a difference of -59 listings (-3%) versus the prior month and 483 listings (40%) 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 44 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 53 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 32 days 1,730 sqft
    2024-06-01 37 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 0 days 1,652 sqft
    Bakersfield's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Bakersfield's median square footage for active listings during the 2025-01-01 period was 1,652 sqft. One year prior, the average listing was 1,699 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.