Which mortgage lender in the Bakersfield, CA area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Bakersfield, CA area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Bakersfield, CA area in terms of interest rate is Golden Empire Mortgage, with an average “Rate Difference” of -0.45%. This means that, comparing similar borrowers, Golden Empire Mortgage provided a -0.45% lower interest rate for its customers than other lenders in the area. Golden Empire Mortgage has a market share of 5.1%. On the other hand, the most popular lender in the Bakersfield, CA area is Quicken Loans, with a larger market share of 9.7%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.09% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Bakersfield, CA area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Bakersfield, CA is Golden Empire Mortgage. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is CMG Financial. The cheapest VA mortgage provider is Navy Federal Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Bakersfield, CA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 26.09% | |
| US Bank | -0.01% | 7.25% | |
| Bank of America | -0.01% | 15.94% | |
| Logix Federal Credit Union | 0.00% | 1.45% | |
| American Pacific Mortgage | 0.00% | 5.80% | |
| Platinum Home Mortgage Corporation | 0.00% | 1.45% | |
| Essex Mortgage | 0.00% | 1.45% | |
| Guild Mortgage Company | 0.01% | 1.45% | |
| Quicken Loans | 0.01% | 1.45% | |
| Union Bank | 0.01% | 1.45% | |
| JPMorgan Chase Bank | 0.01% | 10.14% | |
| Dignified Home Loans | 0.02% | 1.45% | |
| Caliber Home Loans | 0.02% | 5.80% | |
| Sierra Pacific Mortgage | 0.02% | 2.90% | |
| Homeowners Financial Group | 0.02% | 1.45% | |
| Flagstar Bank | 0.03% | 1.45% | |
| CMG Financial | 0.03% | 1.45% | |
| loanDepot | 0.04% | 11.59% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.04% | 27.78% | |
| Bank of America | -0.01% | 19.44% | |
| US Bank | -0.01% | 5.56% | |
| American Pacific Mortgage | -0.00% | 2.78% | |
| Essex Mortgage | 0.01% | 2.78% | |
| JPMorgan Chase Bank | 0.01% | 8.33% | |
| Guild Mortgage Company | 0.01% | 2.78% | |
| Union Bank | 0.02% | 2.78% | |
| Caliber Home Loans | 0.02% | 8.33% | |
| Homeowners Financial Group | 0.03% | 2.78% | |
| CMG Financial | 0.03% | 2.78% | |
| loanDepot | 0.06% | 13.89% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.02% | 24.24% | |
| US Bank | -0.01% | 9.09% | |
| Logix Federal Credit Union | -0.00% | 3.03% | |
| Bank of America | -0.00% | 12.12% | |
| Platinum Home Mortgage Corporation | 0.00% | 3.03% | |
| American Pacific Mortgage | 0.00% | 9.09% | |
| Quicken Loans | 0.01% | 3.03% | |
| loanDepot | 0.01% | 9.09% | |
| JPMorgan Chase Bank | 0.01% | 12.12% | |
| Dignified Home Loans | 0.01% | 3.03% | |
| Sierra Pacific Mortgage | 0.02% | 6.06% | |
| Flagstar Bank | 0.02% | 3.03% | |
| Caliber Home Loans | 0.02% | 3.03% |
* Data is compiled for the Bakersfield, CA commuting zone area, which comprises of county of Kern County, CA. This includes cities/towns/communities of Bakersfield, CA as well as Rosedale, CA, Ridgecrest, CA, Oildale, CA, Rosamond, CA, Delano, CA, Mojave, CA, Shafter, CA, California City, CA, Bear Valley Springs, CA, Golden Hills, CA, Greenfield, CA, Tehachapi, CA, Pine Mountain Club, CA, Wasco, CA, Fuller Acres, CA, Taft, CA, Arvin, CA, Onyx, CA, Lake of the Woods, CA, McFarland, CA, Mountain Mesa, CA, Lake Isabella, CA, Lamont, CA, Buttonwillow, CA, Dustin Acres, CA, Ford City, CA, Keene, CA, Randsburg, CA, Boron, CA, Lost Hills, CA, and Smith Corner, CA. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Bakersfield, CA area. For mortgage lender rankings in other cities, click here.