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 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
6.55%
for the week of 2025-07-18, compared to the national average (all VA variants) of
6.385% for the same period.
Bakersfield's average VA mortgage closing costs are $6,316.
The average rate for the prior week (2025-07-11) was
6.84% and
one month ago for the week of 2025-06-13, the
average rate was 6.91%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2025-07-18, the average rate
was 6.49%.
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%).
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.