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Compare today’s mortgage rates in Kern
Looking to compare purchase or refinance rate options in Bakersfield, Delano, Ridgecrest, Wasco, Arvin, Shafter, Tehachapi, Taft, McFarland, California City and other cities? Start by checking today’s mortgage rates. With a wide variety of loan options, you’ll find the monthly payment and terms to make your homebuying dreams a reality.
Get a quoteThese rates, APRs, monthly payments and points are current as of today and may change at any time. They assume you have a FICO® Score of 780+ and a specific down payment amount as noted below for each product. They also assume the loan is for a single-family home as your primary residence and you will purchase up to one mortgage discount point in exchange for a lower interest rate. Connect with a mortgage loan officer to learn more about mortgage points.
Purchase rates
Conventional Fixed Rate Loans
Conventional fixed-rate loans in the USA offer stable monthly payments with a constant interest rate over 15, 20, or 30 years. Borrowers typically need a down payment of 3-20% and may pay for private mortgage insurance. Credit score, closing costs, and property appraisal are key factors in securing these mortgages.
Conforming Adjustable Rate Mortgage (ARM) Loans
Adjustable rate loans feature fluctuating interest rates, initially lower than fixed rates. Borrowers benefit from lower initial payments but risk increases if rates rise, making them suitable for those comfortable with potential payment fluctuations.
Federal Housing Administration (FHA) Loans
FHA loans, backed by the Federal Housing Administration, offer low down payments (typically 3.5%) and are accessible to borrowers with lower credit scores. They require mortgage insurance premiums, providing options for those with less established credit.
Veteran Affairs (VA) Loans
VA loans, guaranteed by the Department of Veterans Affairs, provide benefits like no down payment and relaxed credit requirements to eligible service members, veterans, and their families. They offer competitive rates and exclude the need for mortgage insurance.
Jumbo Loans
Jumbo loans exceed conventional limits, suitable for high-cost properties. They often require larger down payments, have stricter credit requirements, and may carry higher interest rates due to non-conforming nature, ideal for buyers in high-value markets.
Take your first step towards your home loan journey
Refinance rates
Conventional Fixed rate loans
Conventional fixed-rate loans in the USA offer stable monthly payments with a constant interest rate over 15, 20, or 30 years. Borrowers typically need equity of 20% to avoid paying for private mortgage insurance. Credit score, closing costs, and property appraisal are key factors in securing these mortgages.
Conforming Adjustable Rate Mortgage (ARM) Loans
Adjustable rate loans feature fluctuating interest rates, initially lower than fixed rates. Borrowers benefit from lower initial payments but risk increases if rates rise, making them suitable for those comfortable with potential payment fluctuations.
Federal Housing Administration (FHA) Loans
FHA loans, backed by the Federal Housing Administration, offer low down payments (typically 3.5%) and are accessible to borrowers with lower credit scores. They require mortgage insurance premiums, providing options for those with less established credit.
Veteran Affairs (VA) Loans
VA loans, guaranteed by the Department of Veterans Affairs, provide benefits like no down payment and relaxed credit requirements to eligible service members, veterans, and their families. They offer competitive rates and exclude the need for mortgage insurance.
Jumbo Loans
Jumbo loans exceed conventional limits, suitable for high-cost properties. They often require larger down payments, have stricter credit requirements, and may carry higher interest rates due to non-conforming nature, ideal for buyers in high-value markets.
Frequently asked questions about mortgage rates
What is a good interest rate on a mortgage?
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Should I lock my rate today?
How long can you lock in a mortgage rate?
Can you negotiate mortgage rates?
How are mortgage rates determined?
How often do mortgage rates change?
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