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Tehachapi Home Buyers See Mortgage Fees Increase

Fannie Mae and Freddie Mac are raising risk fees charged to lenders on loans they buy for resale to investors for the first time since 2009.  They are also adding risk fees to more loans offered to borrowers with exemplary credit.   Although lenders could absorb the cost, most are expected to add the fees to loan costs.

  • To avoid a fee or to receive a discount, most borrowers will need FICO scores of 740 or better and down payments of at least 25 percent.
  • The fee increases likely will affect most loans with terms longer than 15 years that are sent to Freddie beginning March 1, and to Fannie beginning April 1.
  • The most notable aspect of the fee increase is that the fees are being added to more loans to borrowers with higher credit scores.  With few exceptions, risk fees previously hadn’t applied to borrowers with FICO scores of 740 or higher.

I often say that now is the time to buy.  If you have excellent credit, closing on a Tehachapi or Kern County area home loan before March or April could save you money.  Everyone likes to save money don’t they?

Thanks for reading this!  If you enjoyed the article, please share with your friends too.

Sally Lawrence

Questions, comments post below.  For faster response, call or text Sally at 661-375-7325 (375-REAL), or email .

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Spectacular Stallion Springs Open Houses Today!

Three open houses in Stallion Springs today!

Three different price ranges available, starting at $149,000.  All three houses are open today, Sunday January 23 from 12-3 PM.

Enter at each open house for a chance to win a $60 Pacino’s gift card (one entry per household per location).  The more open houses you visit the more entries you get!

29801 Horsethief Drive - $149,000

28061 Stallion Springs Drive -- $284,900

27671 Buckpasser

Scan this code with your smartphone to get contact details

Information deemed reliable, but not guaranteed.

Presented by:

Sally Lawrence DRE License # 01863694

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Tehachapi Real Estate Market Statistics

Many folks find making comparisons interesting.  So, whether you live in the Tehachapi area now, or are thinking about moving here, you can check out how the major Tehachapi communities compare in active and sold listings.

The data shown in for 2010 through November 17.  It was gathered from the Tehachapi Area Association of REALTORS® MLS.  Note that TSA stands for the Tehachapi Service Area and includes all the data for the communities shown as well as the other smaller communities in the area.

Let me know if you are interested in more specific information for one of the other communities.

Stallion Springs Alpine Forest Bear Valley Springs Golden Hills Tehachapi City TSA
Current Active Listings 50 11 104 76 60 362
Average List Price $216,967.00 $175,181.00 $303,082.00 $197,826.00 $151,326.00 $246,884.00
Average Days On Market 124 48 143 133 94 134
Total Listed 126 35 274 198 190 945
Number Sold 49 12 108 81 101 391
Percent Sold 38.89% 34.29% 39.42% 40.91% 53.16% 41.38%
Average List Price Sold $190,279.00 $145,237.00 $232,459.00 $178,605.00 $154,838.00 $193,953.00
Average Sale Price Sold $184,549.00 $135,205.00 $218,854.00 $172,356.00 $147,727.00 $184,752.00
Sale Price/List Price Ratio 96.99% 93.09% 94.15% 96.50% 95.41% 95.26%
Average Days On Market Sold 178 122 141 113 118 139
Average List Price Unsold $244,759.00 $203,959.00 $317,343.00 $205,252.00 $143,140.00 $252,359.00
Percent Expired 30.95% 31.43% 28.83% 22.73% 17.37% 26.46%

There are lots of interesting facts to note from the table:

  • Stallion Springs has the highest ratio of List Price to Sold Price (followed closely by Golden Hills).
  • Golden Hills homes spend the least amount of time on the market before selling.
  • Bear Valley Springs has the most Current Active Listings and the highest Average List Price Sold, followed by Stallion Springs.
  • Bear Valley Springs has the longest Average Days on Market for Active Listings, but is ranked third for Sold Listings.
  • Alpine Forest has the fewest Active and Sold listings and the Sale Price to List Price Ratio is the lowest among the 5 communities.
  • Tehachapi City has the highest percentage of Sold properties, Alpine Forest has the lowest.

Do you find any of the information here surprising?  Again, if you would like more specific information on a specific area, just let me know.

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Working Together Works!

There’s been a lot of discussion, rallying, support, emails, phone calls, and more in an effort to keep the Stallion Springs Fire Station open.  In case you missed it, there was a good chance that it was going to fall to the Kern County Supervisors budgetary axe.  I’m please to report that all the hard work worked!

I received this email this morning from Susan Mueller:

THANK YOU FOR YOUR SUPPORT AND YOUR COMMUNITY SPIRIT!!!! THE FIRE STATION WILL NOT CLOSE!!!! We had some 100 residents from Stallion Springs, Bear Valley, Fairview Ranches. Alpine and surrounding areas at the Supervisor’s meeting.  All your letters, phone calls and emails worked.  Our Fire Station will not close. What a wonderful community we have.  I knew that when I moved here 13 years ago.  I’m proud to be a part of anything that works positively together for the good of all the people. Thank you again and again!!  You are AWESOME!

I agree!  Let’s keep working together for our community.

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