Mortgage Broker in Bakersfield, CA
My Mortgage Company is headquartered in Bakersfield, CA. Omar L. Ortiz personally handles every file — from first-time FHA buyers in northwest Bakersfield to jumbo transactions in Seven Oaks.
~$370,000
Median Home Price
Kern County
County
3.5%
Min Down (FHA)
1 Business Day
Pre-Approval
Home Loans in Bakersfield, CA
Bakersfield is the largest city in Kern County and the 9th largest in California, with a housing market that remains one of the most affordable in the state. Median home prices in 2024 range from $280,000 in the downtown corridor to over $600,000 in Seven Oaks and Stockdale. The market attracts first-time buyers using FHA and USDA programs, move-up buyers going conventional, and investors using DSCR and Hard Money loans for the strong rental market driven by agriculture, oil, and healthcare employment.
Best Loan Programs for Bakersfield Buyers
FHA Loans
3.5% down, 580+ credit — the most popular first-time buyer program in Kern County.
Conventional
Best for 620+ credit with 3%–20% down. PMI drops at 80% LTV.
VA Loans
Zero down for veterans and active-duty. Bakersfield has a strong military community.
DSCR Loans
Qualify on rental income, not personal income — ideal for Bakersfield's active investment market.
Serving Bakersfield, CA
Ready to Get Started?
Omar personally reviews every file. Pre-approval letters issued in as little as one business day.
Home Buying FAQ — Bakersfield, CA
What is the FHA loan limit in Bakersfield, CA?
For 2024, the FHA loan limit in Kern County (Bakersfield) is $498,257 for a single-family home. This covers the large majority of Bakersfield purchase transactions.
Do I need 20% down to buy a home in Bakersfield?
No. FHA loans require 3.5% down with a 580+ credit score. Conventional loans can go as low as 3% down. VA and USDA loans offer zero-down options for qualifying buyers.
How long does it take to get a pre-approval in Bakersfield?
With complete documentation, Omar can issue a pre-approval letter in as little as one business day. The initial review uses a soft credit pull — no impact to your score.
Buying a Home in Bakersfield?
Omar L. Ortiz · NMLS #951384 · My Mortgage Company · NMLS #2269164 · CA DRE #02168831
My Mortgage Company, Inc. · CA DRE #02168831 · NMLS #2269164 · Omar L. Ortiz DRE #02056548 · NMLS #951384. All figures and program details are for informational purposes only and are not a commitment to lend. Loan approval is subject to credit, income, and property qualification. USDA eligibility is subject to property location and borrower income limits. Not all programs are available in all areas.