Bakersfield FHA Loan Rates, Closing Costs & Stats

BAKERSFIELD, CA

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Bakersfield's 145 lenders originated 3,659 FHA loans during 2024. The total origination value was $1,247,125,000, with an average FHA loan value of $340,838.

    Bakersfield FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Bakersfield averaged 6.76% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    Bakersfield's average FHA mortgage closing costs are $10,423.

    The average rate for the prior week (2025-07-11) was 6.56% and one month ago for the week of 2025-06-13, the average rate was 6.52%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.1%.

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

    Bakersfield FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 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 662 6.05% $14,914
    QUICKEN LOANS, LLC 261 6.15% $13,666
    DHI MORTGAGE COMPANY, LTD. 181 5.44% $11,264
    MORIA DEVELOPMENT, INC. 144 6.37% $15,172
    Century Mortgage Company DBA Century Lending Company 129 6.26% $14,337
    Sierra Pacific Mortgage Company, Inc. 123 6.26% $16,532
    OCMBC, INC. 115 6.51% $15,018
    EAGLE HOME MORTGAGE, LLC 110 5.55% $15,398
    Golden Empire Mortgage, Inc. 99 6.33% $16,296
    LOANDEPOT.COM, LLC 94 6.15% $12,921
    Performance Financial, Inc. 75 6.38% $15,345
    PENNYMAC LOAN SERVICES, LLC 70 6.00% $13,371
    FREEDOM MORTGAGE CORPORATION 67 6.39% $13,495
    CROSSCOUNTRY MORTGAGE, LLC 50 6.54% $14,332
    Equity Prime Mortgage LLC 47 6.35% $14,494
    Paramount Residential Mortgage Group, Inc. 42 6.33% $14,643
    NEWREZ LLC 42 6.20% $16,291
    DIGNIFIED HOME LOANS, LLC 41 6.48% $14,969
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 40 4.93% $15,927
    AMERICAN PACIFIC MORTGAGE CORPORATION 33 6.36% $15,794
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 6.47% $14,356
    AMERICAN FINANCIAL NETWORK, INC. 30 6.42% $14,517
    JMAC LENDING, INC. 29 5.68% $14,782
    POINT Mortgage 27 6.17% $12,886
    BROKER SOLUTIONS, INC. 27 6.67% $12,831
    MICHIGAN MUTUAL, INC. 24 5.87% $15,297
    CAMPOS FINANCIAL CORP. 23 6.38% $12,139
    GUILD MORTGAGE COMPANY 22 6.04% $11,031
    MLD MORTGAGE INC. 22 6.73% $14,352
    PLAZA HOME MORTGAGE, INC. 21 6.80% $13,627
    Hometown Equity Mortgage, LLC 20 6.04% $13,550
    SUN WEST MORTGAGE COMPANY, INC. 20 6.11% $15,284
    Nations Lending Corporation 20 6.60% $12,421
    DAS Acquisition Company, LLC 20 6.84% $13,224
    GEO-CORP, INC. 19 7.30% $19,965
    Lakeview Community Capital, LLC 17 6.18% $9,203
    LOANPAL, LLC 16 5.96% $11,439
    CMG MORTGAGE, INC. 16 6.28% $15,880
    NATIONS DIRECT MORTGAGE, LLC 15 6.23% $12,773
    VILLAGE CAPITAL MORTGAGE 15 6.31% $7,539
    Flagstar Bank, FSB 15 6.03% $10,299
    HOMEBRIDGE FINANCIAL SERVICES, INC. 14 6.33% $10,857
    PLANET HOME LENDING, LLC 14 6.40% $10,779
    AUGUSTA FINANCIAL, INC. 13 6.08% $13,936
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 6.28% $14,521
    LAKEVIEW LOAN SERVICING, LLC 12 6.18% $8,835
    American Mortgage & Equity Consultants, Inc. 12 6.55% $13,001
    EVERETT FINANCIAL, INC. 11 6.61% $14,803
    ALAMEDA MORTGAGE CORPORATION 10 6.41% $14,186
    Mr. Cooper ( Nationstar Mortgage ) 10 6.79% $10,736
    GUARANTEED RATE, INC. 10 6.65% $13,436
    SUMMIT FUNDING, INC. 10 6.36% $15,793
    RESIDENTIAL BANCORP 9 6.39% $16,172
    Carrington Mortgage Services, LLC 9 6.46% $16,527
    The Loan Store, Inc. 9 6.07% $15,539
    NORWICH COMMERCIAL GROUP, INC. 8 6.11% $13,691
    ML Mortgage Corp. 8 6.42% $15,319
    INTELLILOAN, INC. 8 6.27% $6,649
    BAY-VALLEY MORTGAGE GROUP 7 6.39% $15,498
    OPEN MORTGAGE, LLC 7 6.64% $17,726
    LAND HOME FINANCIAL SERVICES, INC. 7 7.21% $16,785
    AHL FUNDING 7 6.41% $14,676
    CASTLE & COOKE MORTGAGE, LLC 6 6.08% $19,333
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.90% $13,641
    FBC MORTGAGE, LLC 6 5.39% $20,349
    Home Mortgage Alliance Corp 6 6.23% $14,693
    Franklin Loan Corporation 5 6.37% $19,128
    AmeriHome Mortgage Company, LLC 5 6.65% $9,235
    BECKAM FUNDING CORP. 5 7.05% $17,428
    CALCON MUTUAL MORTGAGE LLC 5 6.80% $15,206
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 7.25% $11,738
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 5 6.40% $12,078
    S1L, Inc. 5 6.20% $13,020
    ZILLOW HOME LOANS, LLC 5 6.40% $11,371
    ST FIN CORP 4 5.81% $17,848
    Commerce Home Mortgage, Inc. 4 6.22% $16,136
    HOMESIDE FINANCIAL, LLC 4 6.75% $18,061
    MOVEMENT MORTGAGE, LLC 4 6.37% $14,589
    AMERITRUST MORTGAGE CORPORATION 4 6.37% $16,366
    HighTechLending Inc 4 6.19% $12,190
    MUTUAL OF OMAHA MORTGAGE, INC. 4 7.13% $11,946
    CARDINAL FINANCIAL 3 6.58% $11,304
    FIRST COLONY MORTGAGE CORPORATION 3 5.92% $13,043
    Bank of America 3 6.13% $8,497
    MORTGAGE 1 INCORPORATED 3 6.79% $11,549
    MORTGAGE CAPITAL PARTNERS, INC. 3 5.88% $11,530
    Mortgage Research Center, LLC 3 6.54% $12,322
    SCHOOLSFIRST 3 6.75% $8,588
    MID AMERICA MORTGAGE, INC. 3 6.50% $9,388
    The Federal Savings Bank 3 6.50% $19,520
    AMERICAN FINANCING CORPORATION 3 6.00% $17,446
    Pacific Lending LLC 3 5.96% $11,537
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.00% $16,077
    Barrington Bank & Trust Company, N.A. 2 6.25% $19,258
    Florida Capital Bank 2 6.00% $12,795
    First Federal Bank 2 5.38% $12,534
    AMERISAVE MORTGAGE CORPORATION 2 6.94% $11,945
    Paramount Bank 2 6.38% $10,949
    THE GOLDEN 1 2 6.50% $5,195
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.69% $13,996
    UNION HOME MORTGAGE CORP. 2 6.00% $14,199
    CHURCHILL MORTGAGE CORPORATION 2 6.69% $10,196
    U.S. Bank 2 6.44% $11,502
    VERITAS FUNDING, LLC 2 6.19% $14,011
    City Lending Inc. 2 7.75% $15,717
    First Standard Financial Corp. 2 5.81% $14,305
    EMM LOANS LLC 2 5.63% $15,943
    LADERA LENDING, INC. 2 5.69% $17,298
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.69% $17,521
    BETTER MORTGAGE CORPORATION 2 5.44% $8,547
    Prosperity Home Mortgage, LLC 2 5.37% $19,146
    JMJ FINANCIAL GROUP 1 6.75% $7,887
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.25% $18,416
    LEADERONE FINANCIAL CORPORATION 1 6.63% $18,374
    MEMBER FIRST MORTGAGE, LLC 1 6.50% $14,844
    MK LENDING CORP. 1 6.25% $17,387
    FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $7,303
    V.I.P. MORTGAGE, INC. 1 7.63% $11,173
    ENVOY MORTGAGE, LTD 1 6.13% $14,072
    MOUNTAIN WEST FINANCIAL, INC. 1 6.75% $9,982
    DATA MORTGAGE, INC. 1 5.75% $10,243
    CORNERSTONE HOME LENDING, INC. 1 6.25% $14,745
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.75% $9,982
    NBKC BANK 1 5.75% $14,866
    NETWORK CAPITAL FUNDING CORPORATION 1 5.63% $22,828
    COMMUNITY MORTGAGE FUNDING, LLC 1 6.63% $11,528
    NEW WAVE LENDING GROUP INC 1 7.25% $9,066
    North American Savings Bank, F.S.B. 1 5.50% $12,039
    CITYWIDE HOME LOANS, LLC 1 6.60% $18,445
    ONY GLO, INC. 1 6.75% $16,697
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $12,471
    BM Real Estate Services, Inc. 1 6.25% $18,269
    BAY EQUITY LLC 1 6.25% $13,564
    PREMIA MORTGAGE, LLC 1 6.25% $8,772
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $0
    RANLIFE, INC. 1 5.63% $12,330
    AXIA FINANCIAL, LLC 1 6.25% $8,925
    ROYAL UNITED MORTGAGE LLC 1 6.00% $7,304
    VISION ONE MORTGAGE, INC. 1 6.25% $10,321
    Armed Forces Bank 1 6.13% $9,692
    SNAPFI, INC. 1 6.63% $15,264
    Summit Mortgage Corporation 1 6.75% $9,985
    Sunflower Bank 1 6.63% $13,676
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $19,496
    JPMorgan Chase Bank 1 6.13% $14,515

    The top Bakersfield FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 662 FHA loans originated. Their average total fees are $14,914, which is $1,248 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bakersfield FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($7,539), LAKEVIEW LOAN SERVICING, LLC ($8,835), Lakeview Community Capital, LLC ($9,203), Flagstar Bank, FSB ($10,299) and Mr. Cooper ( Nationstar Mortgage ) ($10,736).

    The lowest rate Bakersfield FHA lenders (with over 10 loans originated) are K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (4.93%), DHI MORTGAGE COMPANY, LTD. (5.44%), EAGLE HOME MORTGAGE, LLC (5.55%), JMAC LENDING, INC. (5.68%) and MICHIGAN MUTUAL, INC. (5.87%).

    Bakersfield FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BAKERSFIELD, CA KERN 2022 $420,680 $538,650 $651,050 $809,150
    BAKERSFIELD, CA KERN 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).