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.