Golden Empire Mortgage Rates, Fees & Info

Bakersfield, CA

LEI: 254900VHUBSJJKOMBF27

Tax ID: 77-0158990

3.4 stars - out of 5 stars, based on 101 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Golden Empire Mortgage is a mid-sized mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Golden Empire Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Riverside, Oxnard, San Diego, and Bakersfield among others. We have data for 59 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Golden Empire Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Golden Empire Mortgage is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.86% 10/3/22
    30 Year Conventional Refi 6.43% 10/3/22
    30 Year Cash-out Refi 6.63% 10/3/22
    30 Year FHA Purchase 7.69% 10/3/22
    30 Year FHA Refi 7.10% 10/3/22
    30 Year VA Purchase 6.47% 10/3/22
    30 Year VA Refi 6.04% 10/3/22
    30 Year USDA Purchase 7.05% 10/3/22
    15 Year Conventional Purchase 6.37% 10/3/22
    15 Year Conventional Refi 6.31% 10/3/22
    15 Year Cash-out Refi 6.31% 10/3/22
    15 Year FHA Refi 5.96% 10/3/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    10,202

    Origination Dollar Volume (All Markets)

    $3,626,240,000

    Awards

    Golden Empire Mortgage  30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Golden Empire Mortgage 's average 30 year fixed mortgage rate was 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    Golden Empire Mortgage 's average total fees/closing costs for a 30 year fixed rate mortgage were $6,704.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2,469 $1,097,165,000 $444,376 $5,789 3.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2,208 $688,150,000 $311,662 $7,287 3.05%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1,109 $507,485,000 $457,606 $5,334 2.96%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 718 $354,950,000 $494,359 $6,634 3.02%
    BAKERSFIELD, CA (FHA|USDA|VA) 1,234 $227,010,000 $183,963 $7,850 2.97%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 261 $118,835,000 $455,307 $5,237 2.90%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 239 $74,815,000 $313,033 $5,461 2.93%
    STOCKTON, CA (FHA|USDA|VA) 243 $66,715,000 $274,547 $6,828 3.05%
    MADERA, CA (FHA|USDA|VA) 342 $65,200,000 $190,643 $5,791 2.92%
    MODESTO, CA (FHA|USDA|VA) 205 $56,325,000 $274,756 $7,500 3.10%
    FRESNO, CA (FHA|USDA|VA) 205 $41,785,000 $203,829 $7,136 2.85%
    Astoria, OR (FHA|USDA|VA) 137 $40,985,000 $299,161 $5,736 3.01%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 107 $40,095,000 $374,720 $5,161 3.19%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 82 $36,310,000 $442,805 $5,454 3.08%
    BEND, OR (FHA|USDA|VA) 89 $34,365,000 $386,124 $8,073 3.27%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 115 $34,145,000 $296,913 $9,042 2.88%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 55 $29,935,000 $544,273 $3,726 2.83%
    Outside of Metro Areas 51 $14,575,000 $285,784 $6,559 3.19%
    VALLEJO, CA (FHA|USDA|VA) 40 $14,090,000 $352,250 $5,715 2.90%
    MERCED, CA (FHA|USDA|VA) 62 $11,750,000 $189,516 $8,799 2.90%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 19 $6,755,000 $355,526 $8,284 3.22%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 15 $5,075,000 $338,333 $3,716 2.86%
    YUBA CITY, CA (FHA|USDA|VA) 21 $5,045,000 $240,238 $5,744 3.03%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $4,915,000 $546,111 $7,292 2.96%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 9 $4,905,000 $545,000 $3,530 2.92%
    VISALIA, CA (FHA|USDA|VA) 23 $4,695,000 $204,130 $7,454 3.36%
    SALEM, OR (FHA|USDA|VA) 14 $4,210,000 $300,714 $6,657 3.26%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 8 $3,380,000 $422,500 $6,163 2.97%
    NAPA, CA (FHA|USDA|VA) 7 $3,315,000 $473,571 $9,285 2.82%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 10 $2,950,000 $295,000 $6,911 3.27%
    SALINAS, CA (FHA|USDA|VA) 9 $2,855,000 $317,222 $4,180 2.94%
    REDDING, CA (FHA|USDA|VA) 8 $2,180,000 $272,500 $3,444 2.88%
    Roseburg, OR (FHA|USDA|VA) 9 $1,925,000 $213,889 $6,466 3.57%
    CHICO, CA (FHA|USDA|VA) 7 $1,655,000 $236,429 $5,983 3.38%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,610,000 $402,500 $6,585 2.84%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 12 $1,460,000 $121,667 $5,118 2.64%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $1,345,000 $1,345,000 $17,373 3.25%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,340,000 $670,000 $5,931 3.00%
    Prineville, OR (FHA|USDA|VA) 4 $1,230,000 $307,500 $4,919 3.34%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,135,000 $378,333 $6,406 2.91%
    YUMA, AZ (FHA|USDA|VA) 2 $1,100,000 $550,000 $10,206 3.31%
    TUCSON, AZ (FHA|USDA|VA) 5 $1,095,000 $219,000 $2,350 3.60%
    Sonora, CA (FHA|USDA|VA) 3 $895,000 $298,333 $7,565 3.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $730,000 $365,000 $6,073 2.69%
    LONGVIEW, WA (FHA|USDA|VA) 2 $700,000 $350,000 $5,585 3.19%
    Eureka-Arcata, CA (FHA|USDA|VA) 4 $630,000 $157,500 $8,497 3.33%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $615,000 $205,000 $3,983 3.04%
    Nogales, AZ (FHA|USDA|VA) 1 $525,000 $525,000 $4,086 3.38%
    Clearlake, CA (FHA|USDA|VA) 2 $480,000 $240,000 $5,270 3.75%
    Newport, OR (FHA|USDA|VA) 2 $470,000 $235,000 $6,975 3.31%
    MEDFORD, OR (FHA|USDA|VA) 1 $465,000 $465,000 $4,585 3.13%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $375,000 $375,000 $8,666 3.25%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $4,409 3.88%
    Crescent City, CA (FHA|USDA|VA) 3 $235,000 $78,333 $0 2.13%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $225,000 $225,000 $12,663 3.13%
    EL CENTRO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $3,518 3.25%
    Coos Bay, OR (FHA|USDA|VA) 1 $205,000 $205,000 $3,679 3.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.38%
    TYLER, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.63%

    Golden Empire Mortgage 's top markets include Los Angeles, Riverside, Oxnard, San Diego, and Bakersfield among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against Golden Empire Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 170
    First Credit Union
    Similarity Rank: 378
    Credence Funding Corporation
    Similarity Rank: 404
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    CASTPARTS EMPLOYEES
    Similarity Rank: 660
    USC Credit Union
    Similarity Rank: 880
    ALTURA
    Similarity Rank: 923
    First City Credit Union
    Similarity Rank: 924
    MYPOINT Credit Union
    Similarity Rank: 924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 8,657 $3,033,635,000 $350,426 $5,357 2.98%
    FHA 1,206 $417,680,000 $346,335 $13,895 3.18%
    VA 332 $172,950,000 $520,934 $9,993 2.83%
    USDA 7 $1,975,000 $282,143 $9,928 3.20%

    For 2021, Golden Empire Mortgage 's most frequently originated type of loan was Conventional, with 8,657 originations. Their 2nd most popular type was FHA, with 1,206 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,433 $1,460,195,000 $329,392 $9,677 2.98%
    Refi 3,449 $1,308,625,000 $379,422 $4,070 2.92%
    Cash Out Refi 2,316 $857,370,000 $370,194 $5,530 3.17%
    Other 4 $50,000 $12,500 $0 1.00%

    For 2021, Golden Empire Mortgage 's most frequently cited loan purpose was Home Purchase, with 4,433 originations. The 2nd most popular reason was Refi, with 3,449 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,280 $3,362,220,000 $362,308 $6,704 3.03%
    15 Year 516 $141,060,000 $273,372 $3,878 2.56%
    20 Year 272 $86,660,000 $318,603 $3,857 2.82%
    Other 88 $29,650,000 $336,932 $3,147 3.01%
    10 Year 46 $6,650,000 $144,565 $3,001 3.62%

    For 2021, Golden Empire Mortgage 's most frequently cited loan duration was 30 Year, with 9,280 originations. The 2nd most popular length was 15 Year, with 516 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,320 $795,040,000 $342,690
    $5k+ 2,170 $942,610,000 $434,382
    $1k-2k 2,074 $827,180,000 $398,833
    $2k-3k 976 $352,460,000 $361,127
    $3k-4k 880 $261,890,000 $297,602
    $4k-5k 791 $265,675,000 $335,872

    Golden Empire Mortgage 's average total fees were $6,704, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,320 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,422 $1,742,900,000 $394,143
    2.5-3% 3,840 $1,526,020,000 $397,401
    <2.5% 1,255 $295,325,000 $235,319
    4-5% 163 $54,355,000 $333,466
    5-6% 15 $2,865,000 $191,000
    7-8% 4 $40,000 $10,000
    6-7% 3 $375,000 $125,000

    During 2021, Golden Empire Mortgage 's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 3-4%, with 4,422 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,319 $1,292,565,000 $299,274 $5,885 3.10%
    $400k-600k 2,817 $1,371,265,000 $486,782 $6,657 3.07%
    $100,000 or less 1,038 $13,580,000 $13,083 $2,173 1.62%
    $600k-1MM 1,012 $713,370,000 $704,911 $8,721 3.06%
    $100k-200k 946 $150,550,000 $159,144 $4,658 3.09%
    $1MM+ 70 $84,910,000 $1,213,000 $15,086 3.15%

    2021 saw Golden Empire Mortgage place emphasis on $200k-400k loans with 4,319 originations, totaling $1,292,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,673 $1,078,465,000 $403,466 $6,644 3.02%
    $50k-75k 2,188 $505,590,000 $231,074 $6,463 2.96%
    $75k-100k 2,140 $662,710,000 $309,678 $6,604 3.00%
    $150k-250k 1,678 $839,610,000 $500,364 $5,966 3.05%
    $50k or less 820 $141,600,000 $172,683 $5,725 2.99%
    $250k+ 588 $341,090,000 $580,085 $6,709 3.05%

    Golden Empire Mortgage lent most frequently to those with incomes in the $100k-150k range, with 2,673 originations. The second most popular income band? $50k-75k, with 2,188 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,798 $620,700,000 $345,217 $5,580 2.98%
    20-30% 1,633 $596,935,000 $365,545 $4,856 2.94%
    44% 551 $203,185,000 $368,757 $6,609 3.17%
    41% 501 $157,525,000 $314,421 $6,910 2.93%
    40% 501 $144,485,000 $288,393 $6,241 2.84%
    <20% 487 $173,805,000 $356,889 $3,796 2.89%
    39% 476 $140,240,000 $294,622 $6,228 2.86%
    43% 464 $169,790,000 $365,927 $7,071 3.15%
    42% 463 $170,725,000 $368,737 $6,860 3.10%
    49% 451 $180,715,000 $400,698 $7,165 3.14%
    38% 446 $142,640,000 $319,821 $6,385 2.97%
    37% 391 $128,395,000 $328,376 $6,459 2.94%
    50-60% 387 $151,415,000 $391,253 $13,881 3.13%
    36% 342 $119,200,000 $348,538 $6,263 2.96%
    48% 307 $121,685,000 $396,368 $7,276 3.15%
    47% 296 $113,010,000 $381,791 $7,188 3.17%
    45% 290 $115,200,000 $397,241 $7,257 3.11%
    46% 288 $111,580,000 $387,431 $7,047 3.11%
    >60% 15 $7,835,000 $522,333 $10,500 3.00%

    Golden Empire Mortgage lent most frequently to those with DTI ratios of 30-36%, with 1,798 originations. The next most common DTI ratio? 20-30%, with 1,633 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,525 $2,601,725,000 $345,744 $6,423 3.00%
    Not provided 1,576 $605,820,000 $384,404 $5,859 3.03%
    Asian 414 $182,370,000 $440,507 $6,027 2.96%
    Black 477 $156,625,000 $328,354 $7,853 3.01%
    American Indian 77 $22,995,000 $298,636 $7,504 3.01%
    Asian Indian 36 $16,850,000 $468,056 $3,757 3.05%
    Filipino 27 $11,625,000 $430,556 $9,146 3.25%
    Native Hawaiian or Islander 26 $11,610,000 $446,538 $9,731 3.03%
    Chinese 11 $5,095,000 $463,182 $7,260 3.15%
    Other Asian 15 $5,025,000 $335,000 $8,108 2.93%
    Samoan 5 $1,825,000 $365,000 $8,371 3.20%
    Vietnamese 3 $1,635,000 $545,000 $8,507 3.04%
    Japanese 4 $1,490,000 $372,500 $2,159 2.87%
    Other Pacific Islander 2 $910,000 $455,000 $8,437 3.31%
    Korean 1 $355,000 $355,000 $985 2.63%
    Native Hawaiian 3 $285,000 $95,000 $0 2.13%

    Approval Rates

    Total approvals of all applications
    94.18%

    Golden Empire Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.32%

    Golden Empire Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $5,000 $5,000
    NA 10,201 $3,626,235,000 $355,478

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    10,202 $3,626,240,000 $355,444

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 756 $207,980,000 $275,106 $3,571 2.92%
    40-60% 2,110 $776,340,000 $367,934 $3,871 2.94%
    60-80% 3,110 $1,297,150,000 $417,090 $5,831 3.15%
    80-100% 3,084 $1,274,340,000 $413,210 $9,467 3.17%
    Over 100% 84 $46,600,000 $554,762 $17,448 2.87%
    Under 20% 1,058 $23,830,000 $22,524 $1,740 1.64%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    GOLDEN EMPIRE MORTGAGE INCORPORATED Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    GOLDEN EMPIRE MORTGAGE INCORPORATED FHA mortgage Closing on a mortgage 1 33.3%
    GOLDEN EMPIRE MORTGAGE INCORPORATED Conventional home mortgage Trouble during payment process 1 33.3%