Current Mortgage Rates in Bakersfield, California

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Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Fixed	6.875%	7.669%	1.773	$2,909
VA 30-Year Fixed	6.625%	7.033%	2.180	$2,839
Conventional 15-Year Fixed	6.500%	6.948%	2.108	$3,618
Conventional 30-Year Fixed	7.125%	7.369%	1.717	$2,927
Jumbo 30-Year Fixed	7.250%	7.461%	1.925	$7,757

Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Refinance	7.000%	7.841%	2.295	$2,939
VA 30-Year Refinance	7.000%	7.304%	2.500	$2,910
Conventional 15-Year Refinance	6.750%	7.236%	2.441	$3,667
Conventional 30-Year Refinance	7.250%	7.555%	2.433	$2,957
Jumbo 30-Year Refinance	7.250%	7.502%	2.250	$7,757

Loan Type	Rate	APR	Points	Est. Monthly Payment

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.669% APR and $2,909 monthly payment at 70% loan-to-value (LTV) and 1.773 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 7.033% APR and $2,839 monthly payment at 70% loan-to-value (LTV) and 2.180 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.948% APR and $3,618 monthly payment at 70% loan-to-value (LTV) and 2.108 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.369% APR and $2,927 monthly payment at 70% loan-to-value (LTV) and 1.717 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.461% APR and $7,757 monthly payment at 70% loan-to-value (LTV) and 1.925 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated property taxes are based on a 0.99% effective rate for Kern County, California, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.

Estimated homeowners insurance is based on an average annual premium of $1,889 for Bakersfield, CA, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.

FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.841% APR and $2,939 monthly payment at 70% loan-to-value (LTV) and 2.295 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.304% APR and $2,910 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.236% APR and $3,667 monthly payment at 70% loan-to-value (LTV) and 2.441 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.555% APR and $2,957 monthly payment at 70% loan-to-value (LTV) and 2.433 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $7,757 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated monthly payment includes principal, interest, estimated Bakersfield, CA property taxes, and estimated homeowners insurance.

Bakersfield housing market at a glance

September 2026 data

In Bakersfield, homes are selling in about 53 days (10 slower than a year ago), sales are up 8.9% from last year, and about 18% of listings have had a price cut.

Median sale price

$442,500

$233 per sq. ft.

Homes sold

2,222

▲ 8.9% vs. 2,041 last year

Days on market

vs. 43 days last year

Homes for sale

2,379

197 new listings

Listings with a price cut

18%

424 of 2,379 listings

Source: Movoto Bakersfield, CA market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Bakersfield

Monthly payments on Bakersfield's median home price of $442,500 (September 2026), at today's rates.

20% down · Conventional

$2,908/mo

Down payment: $88,500
Loan amount: $354,000
Rate: 7.125%
Principal & interest: $2,385
Est. property tax: $365
Est. homeowners insurance: $157

5% down · Conventional

$3,355/mo

Down payment: $22,125
Loan amount: $420,375
Rate: 7.125%
Principal & interest: $2,832
Est. property tax: $365
Est. homeowners insurance: $157

3.5% down · FHA

$3,377/mo

Down payment: $15,488
Loan amount: $434,485
Rate: 6.875%
Principal & interest: $2,854
Est. property tax: $365
Est. homeowners insurance: $157

Payments include principal, interest, estimated Bakersfield property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Bakersfield?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Bakersfield property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Bakersfield's $442,500 median home:

20% down · Conventional$2,908/mo payment $124,608/yrabout $10,384/mo before taxes

5% down · Conventional$3,355/mo payment $143,772/yrabout $11,981/mo before taxes

3.5% down · FHA$3,377/mo payment $144,720/yrabout $12,060/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $354,000 loan (the Bakersfield median price with 20% down). Every 0.25% is worth about $59/mo.

Rate	6.13%	6.38%	6.63%	6.88%	7.13% today	7.38%
Monthly P&I	$2,151	$2,208	$2,267	$2,326	$2,385	$2,445

Ways to make a Bakersfield home more affordable

Negotiate on price. About 18% of Bakersfield listings have had a price cut, so many sellers are open to offers.
Ask for seller concessions. Homes take 53 days to sell, 10 more than last year. Sellers may cover closing costs or pay for a rate buydown.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $118 a month.
Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Bakersfield mortgage and home buying FAQs

What are mortgage rates in Bakersfield today?

As of October 19, 2026, Lower’s 30-year fixed conventional rate in Bakersfield is 7.125% (7.369% APR), and the 30-year FHA rate is 6.875% (7.669% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Bakersfield?

On Bakersfield’s $442,500 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $2,908 a month, including principal, interest, estimated Bakersfield property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,377 a month before monthly mortgage insurance.

How much income do I need to buy a house in Bakersfield?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $124,608 a year to buy Bakersfield’s $442,500 median home with 20% down, or about $144,720 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Bakersfield?

On the $442,500 median home, 20% down is $88,500, 5% down is $22,125, and the FHA minimum of 3.5% is $15,488. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Bakersfield right now?

In September 2026, Bakersfield homes sold in about 53 days, 10 days slower than a year earlier. 2222 homes sold, up from 2041 the year before, and about 18% of the 2379 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Bakersfield?

On a $354,000 loan (the median Bakersfield home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $59 a month, or about $713 a year.

How much are property taxes in Bakersfield?

Lower estimates Bakersfield property taxes at about 0.99% of a home’s value per year. On the $442,500 median home, that’s roughly $4,381 a year, or $365 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Bakersfield from The Zebra; your quote will vary. Rates as of October 19, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

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Bakersfield, CA Mortgage Rates Today