Golden Empire Mortgage Rates, Fees & Info

Bakersfield, CA

LEI: 254900VHUBSJJKOMBF27

Tax ID: 77-0158990

1.6 stars - Updated: 4/18/24 - out of 5 stars, based on 46 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Golden Empire Mortgage is a smaller mortgage company specializing in Home Purchase loans. Golden Empire Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Riverside, Los Angeles, Bakersfield, San Diego, and Oxnard among others. We have data for 56 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 relatively high 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 5.28% 4/18/24
30 Year Conventional Refi 6.59% 4/18/24
30 Year Cash-out Refi 6.78% 4/18/24
30 Year FHA Purchase 7.56% 4/18/24
30 Year FHA Refi 7.44% 4/18/24
30 Year VA Purchase 6.33% 4/18/24
30 Year VA Refi 6.03% 4/18/24
30 Year USDA Purchase 6.98% 4/18/24
15 Year Conventional Purchase 7.28% 4/18/24
15 Year Conventional Refi 6.22% 4/18/24
15 Year Cash-out Refi 6.22% 4/18/24
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.

Golden Empire Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Golden Empire Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,133

Origination Dollar Volume (All Markets)

$745,065,000

Awards

Golden Empire Mortgage VA Loans silver
Show all (1) awards

Relative Rate

Golden Empire Mortgage's average 30 year fixed mortgage rate was 5.75%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.73%.

Relative Fees (Closing Costs)

Golden Empire Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $14,715.

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 $9,089.

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
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 511 $180,385,000 $353,004 $16,086 5.80%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 293 $136,435,000 $465,648 $15,900 6.24%
BAKERSFIELD, CA (FHA|USDA|VA) 371 $74,825,000 $201,685 $12,810 5.21%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 121 $69,105,000 $571,116 $16,536 6.25%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 127 $62,555,000 $492,559 $14,995 6.22%
STOCKTON, CA (FHA|USDA|VA) 78 $22,530,000 $288,846 $15,621 5.26%
Astoria, OR (FHA|USDA|VA) 55 $21,645,000 $393,545 $12,052 6.60%
MERCED, CA (FHA|USDA|VA) 91 $19,945,000 $219,176 $15,819 4.91%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 40 $18,920,000 $473,000 $14,946 6.17%
MODESTO, CA (FHA|USDA|VA) 63 $16,255,000 $258,016 $16,380 5.47%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 34 $11,350,000 $333,824 $15,079 5.29%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 23 $10,575,000 $459,783 $7,249 7.03%
MADERA, CA (FHA|USDA|VA) 51 $9,455,000 $185,392 $10,200 4.91%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 22 $9,400,000 $427,273 $15,033 5.92%
FRESNO, CA (FHA|USDA|VA) 47 $9,365,000 $199,255 $12,293 4.72%
Outside of Metro Areas 26 $7,540,000 $290,000 $9,503 6.84%
VALLEJO, CA (FHA|USDA|VA) 17 $7,205,000 $423,824 $16,657 6.18%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 15 $7,125,000 $475,000 $12,124 7.32%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 20 $6,840,000 $342,000 $12,004 6.76%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 18 $6,270,000 $348,333 $16,999 5.38%
Roseburg, OR (FHA|USDA|VA) 22 $5,690,000 $258,636 $10,128 6.84%
BEND, OR (FHA|USDA|VA) 10 $4,130,000 $413,000 $14,848 6.71%
VISALIA, CA (FHA|USDA|VA) 20 $4,080,000 $204,000 $13,578 5.43%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 5 $3,255,000 $651,000 $20,839 6.58%
NAPA, CA (FHA|USDA|VA) 4 $2,570,000 $642,500 $20,167 7.63%
Prineville, OR (FHA|USDA|VA) 5 $2,425,000 $485,000 $11,885 6.85%
EL CENTRO, CA (FHA|USDA|VA) 8 $2,240,000 $280,000 $9,151 5.81%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,250,000 $625,000 $15,946 6.63%
SALINAS, CA (FHA|USDA|VA) 1 $825,000 $825,000 $32,863 7.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $765,000 $765,000 $12,235 6.87%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $725,000 $725,000 $6,805 6.63%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $715,000 $715,000 $13,974 6.50%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 3 $695,000 $231,667 $7,786 4.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $685,000 $228,333 $9,229 6.71%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $685,000 $685,000 $22,590 6.88%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $655,000 $655,000 $6,978 6.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $11,348 5.75%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $475,000 $475,000 $13,703 6.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $425,000 $425,000 $11,108 7.38%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $425,000 $425,000 $10,013 7.13%
Mount Pleasant, TX (FHA|USDA|VA) 1 $415,000 $415,000 $5,773 6.25%
CHICO, CA (FHA|USDA|VA) 2 $400,000 $200,000 $0 3.25%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $14,265 6.88%
FORT COLLINS, CO (FHA|USDA|VA) 1 $365,000 $365,000 $0 8.21%
Coos Bay, OR (FHA|USDA|VA) 1 $345,000 $345,000 $2,195 6.75%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $315,000 $315,000 $0 6.38%
Clearlake, CA (FHA|USDA|VA) 1 $305,000 $305,000 $9,137 6.63%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $285,000 $285,000 $13,612 6.50%
WACO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.50%
MEDFORD, OR (FHA|USDA|VA) 1 $225,000 $225,000 $5,418 6.63%
LONGVIEW, WA (FHA|USDA|VA) 1 $195,000 $195,000 $3,445 6.00%
Sonora, CA (FHA|USDA|VA) 2 $180,000 $90,000 $0 6.00%
YUMA, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $6,078 6.99%
TYLER, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,208 6.63%
La Grande, OR (FHA|USDA|VA) 1 $125,000 $125,000 $4,375 5.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.38%
Golden Empire Mortgage's top markets include Riverside, Los Angeles, Bakersfield, San Diego, and Oxnard among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • 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.

    COASTHILLS
    Similarity Rank: 45
    MISSION
    Similarity Rank: 93
    VENTURA COUNTY
    Similarity Rank: 96
    Valley First Credit Union
    Similarity Rank: 110
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    CALIFORNIA CREDIT UNION
    Similarity Rank: 208
    INROADS
    Similarity Rank: 238
    KD CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 242
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 276

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,434 $441,650,000 $307,985 $11,434 5.43%
    FHA 610 $257,630,000 $422,344 $20,603 6.49%
    VA 78 $43,560,000 $558,462 $12,977 6.34%
    FHA 10 $1,940,000 $194,000 $0 7.55%
    USDA 1 $285,000 $285,000 $9,191 6.99%

    For 2023, Golden Empire Mortgage's most frequently originated type of loan was Conventional, with 1,434 originations. Their 2nd most popular type was FHA, with 610 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,979 $696,065,000 $351,726 $15,175 5.72%
    Cash Out Refi 119 $38,555,000 $323,992 $11,065 6.72%
    Refi 28 $9,010,000 $321,786 $8,434 6.61%
    Other 7 $1,435,000 $205,000 $0 7.59%

    For 2023, Golden Empire Mortgage's most frequently cited loan purpose was Home Purchase, with 1,979 originations. The 2nd most popular reason was Cash Out Refi, with 119 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,046 $737,190,000 $360,308 $14,715 5.75%
    15 Year 65 $4,055,000 $62,385 $11,366 6.55%
    Other 10 $1,940,000 $194,000 $0 7.55%
    10 Year 8 $130,000 $16,250 $0 9.19%
    20 Year 4 $1,750,000 $437,500 $6,057 6.34%

    For 2023, Golden Empire Mortgage's most frequently cited loan duration was 30 Year, with 2,046 originations. The 2nd most popular length was 15 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,255 $572,455,000 $456,139
    $<1k 511 $38,605,000 $75,548
    $4k-5k 98 $32,790,000 $334,592
    $1k-2k 80 $39,300,000 $491,250
    $3k-4k 60 $17,660,000 $294,333
    $2k-3k 51 $18,485,000 $362,451

    Golden Empire Mortgage's average total fees were $14,715, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,255 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,020 $427,070,000 $418,696
    7-8% 411 $181,575,000 $441,788
    <2.5% 306 $4,230,000 $13,824
    5-6% 282 $118,280,000 $419,433
    Over 8% 20 $4,020,000 $201,000
    4-5% 5 $2,295,000 $459,000

    During 2023, Golden Empire Mortgage's average interest rate for loans was 5.75%, while their most frequently originated rate bucket for loans was 6-7%, with 1,020 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 684 $212,190,000 $310,219 $12,003 6.58%
    $400k-600k 545 $267,375,000 $490,596 $16,016 6.63%
    $100,000 or less 440 $9,490,000 $21,568 $2,933 2.19%
    $600k-1MM 306 $217,620,000 $711,176 $19,060 6.71%
    $100k-200k 145 $22,365,000 $154,241 $6,682 6.60%
    $1MM+ 13 $16,025,000 $1,232,692 $20,735 6.79%

    2023 saw Golden Empire Mortgage place emphasis on $200k-400k loans with 684 originations, totaling $212,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 738 $253,200,000 $343,089 $16,028 5.65%
    $150k-250k 436 $221,060,000 $507,018 $16,507 6.20%
    $75k-100k 425 $108,395,000 $255,047 $12,750 5.53%
    $50k-75k 317 $59,155,000 $186,609 $10,634 5.34%
    $250k+ 144 $91,930,000 $638,403 $15,180 6.91%
    $50k or less 71 $10,335,000 $145,563 $7,061 5.92%

    Golden Empire Mortgage lent most frequently to those with incomes in the $100k-150k range, with 738 originations. The second most popular income band? $150k-250k, with 436 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 245 $104,595,000 $426,918 $19,607 6.45%
    30-36% 185 $63,445,000 $342,946 $11,670 5.79%
    49% 177 $77,675,000 $438,842 $15,752 6.49%
    44% 162 $56,980,000 $351,728 $12,574 5.96%
    48% 140 $56,030,000 $400,214 $15,678 6.04%
    43% 137 $39,135,000 $285,657 $13,359 5.15%
    42% 127 $39,695,000 $312,559 $14,501 5.29%
    47% 117 $41,405,000 $353,889 $14,140 5.73%
    46% 114 $34,690,000 $304,298 $15,725 5.43%
    20-30% 111 $38,175,000 $343,919 $10,217 6.08%
    41% 110 $29,860,000 $271,455 $15,206 4.76%
    45% 107 $38,955,000 $364,065 $13,003 5.95%
    39% 86 $26,570,000 $308,953 $13,029 5.52%
    40% 79 $24,585,000 $311,203 $13,026 5.37%
    37% 69 $19,185,000 $278,043 $11,645 5.31%
    38% 64 $19,640,000 $306,875 $12,355 5.46%
    36% 58 $19,710,000 $339,828 $13,687 5.75%
    <20% 34 $10,590,000 $311,471 $7,856 6.51%
    >60% 9 $3,155,000 $350,556 $16,497 7.17%

    Golden Empire Mortgage lent most frequently to those with DTI ratios of 50-60%, with 245 originations. The next most common DTI ratio? 30-36%, with 185 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,653 $564,205,000 $341,322 $14,340 5.80%
    Not provided 248 $95,240,000 $384,032 $15,575 6.09%
    Asian 87 $38,585,000 $443,506 $15,640 5.91%
    Black 74 $22,660,000 $306,216 $14,882 5.28%
    American Indian 34 $10,210,000 $300,294 $18,459 4.96%
    Filipino 15 $3,935,000 $262,333 $16,999 5.02%
    Asian Indian 6 $2,650,000 $441,667 $16,905 4.94%
    Vietnamese 5 $1,925,000 $385,000 $15,697 5.42%
    Other Asian 4 $1,860,000 $465,000 $0 5.25%
    Samoan 1 $1,455,000 $1,455,000 $7,279 5.75%
    Korean 3 $1,395,000 $465,000 $9,178 6.33%
    Chinese 1 $435,000 $435,000 $0 7.50%
    Native Hawaiian or Islander 1 $395,000 $395,000 $21,370 5.50%
    Other Pacific Islander 1 $115,000 $115,000 $5,999 5.88%

    Approval Rates

    Total approvals of all applications
    92.76%

    Golden Empire Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.21%

    Golden Empire Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,133 $745,065,000 $349,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,133 $745,065,000 $349,304

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 108 $18,790,000 $173,981 $7,636 6.78%
    40-60% 131 $46,935,000 $358,282 $9,132 6.71%
    60-80% 322 $142,400,000 $442,236 $13,250 6.80%
    80-100% 1,133 $514,785,000 $454,356 $16,432 6.57%
    Over 100% 21 $12,785,000 $608,810 $22,683 6.17%
    Under 20% 418 $9,370,000 $22,416 $3,006 2.20%