Golden Empire Mortgage Rates, Fees & Info
Bakersfield, CALEI: 254900VHUBSJJKOMBF27
Tax ID: 77-0158990
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Mortgage Data
Review & Overview
Golden Empire Mortgage is a mid-sized mortgage company specializing in Refi and Home Purchase 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 60 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 an average 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
12,850Origination Dollar Volume (All Markets)
$4,339,350,000Awards
Golden Empire Mortgage - 2020
Golden Empire Mortgage is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 3,387 | $1,386,655,000 | $409,405 | $5,358 | 3.08% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2,656 | $766,200,000 | $288,479 | $6,524 | 3.10% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1,490 | $635,410,000 | $426,450 | $4,863 | 3.03% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1,112 | $497,510,000 | $447,401 | $5,452 | 3.10% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1,306 | $230,520,000 | $176,508 | $6,887 | 3.04% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 309 | $116,285,000 | $376,327 | $4,899 | 3.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 283 | $98,975,000 | $349,735 | $5,788 | 3.27% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 312 | $87,350,000 | $279,968 | $5,689 | 3.04% |
| STOCKTON, CA (FHA|USDA|VA) | 261 | $68,035,000 | $260,670 | $6,435 | 3.13% |
| MODESTO, CA (FHA|USDA|VA) | 279 | $64,085,000 | $229,695 | $6,707 | 3.17% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 157 | $63,815,000 | $406,465 | $5,063 | 3.05% |
| MADERA, CA (FHA|USDA|VA) | 333 | $58,585,000 | $175,931 | $5,687 | 3.09% |
| Astoria, OR (FHA|USDA|VA) | 133 | $35,685,000 | $268,308 | $5,651 | 3.05% |
| BEND, OR (FHA|USDA|VA) | 108 | $33,100,000 | $306,481 | $6,669 | 3.28% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 105 | $32,075,000 | $305,476 | $7,156 | 3.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 57 | $26,845,000 | $470,965 | $3,237 | 2.82% |
| FRESNO, CA (FHA|USDA|VA) | 139 | $26,765,000 | $192,554 | $5,656 | 2.98% |
| Outside of Metro Areas | 63 | $16,785,000 | $266,429 | $5,796 | 3.15% |
| MERCED, CA (FHA|USDA|VA) | 74 | $12,280,000 | $165,946 | $6,121 | 3.03% |
| VALLEJO, CA (FHA|USDA|VA) | 38 | $11,130,000 | $292,895 | $5,283 | 2.99% |
| SALINAS, CA (FHA|USDA|VA) | 14 | $5,670,000 | $405,000 | $5,284 | 2.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 12 | $5,590,000 | $465,833 | $3,681 | 2.85% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 19 | $5,245,000 | $276,053 | $5,229 | 3.09% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 18 | $4,870,000 | $270,556 | $4,732 | 3.15% |
| VISALIA, CA (FHA|USDA|VA) | 22 | $4,260,000 | $193,636 | $6,079 | 2.90% |
| NAPA, CA (FHA|USDA|VA) | 9 | $4,225,000 | $469,444 | $3,807 | 3.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 10 | $4,150,000 | $415,000 | $5,032 | 2.95% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 10 | $3,740,000 | $374,000 | $3,917 | 3.24% |
| YUBA CITY, CA (FHA|USDA|VA) | 21 | $3,705,000 | $176,429 | $6,462 | 2.87% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $2,710,000 | $338,750 | $1,497 | 3.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $2,405,000 | $267,222 | $2,424 | 3.30% |
| CHICO, CA (FHA|USDA|VA) | 8 | $2,260,000 | $282,500 | $1,960 | 2.98% |
| REDDING, CA (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $3,435 | 2.94% |
| Sonora, CA (FHA|USDA|VA) | 7 | $1,925,000 | $275,000 | $6,407 | 3.38% |
| SALEM, OR (FHA|USDA|VA) | 7 | $1,675,000 | $239,286 | $8,251 | 3.07% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $5,498 | 3.08% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $4,132 | 2.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $5,295 | 3.40% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $5,358 | 3.04% |
| Red Bluff, CA (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $5,221 | 3.15% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $4,021 | 3.05% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $4,988 | 2.93% |
| EL CENTRO, CA (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $7,802 | 3.35% |
| Prineville, OR (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $6,132 | 3.65% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,305 | 3.06% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,253 | 2.87% |
| Hood River, OR (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $7,401 | 3.00% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $6,831 | 3.00% |
| Newport, OR (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,517 | 3.31% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,301 | 2.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 3.50% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,247 | 2.75% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,000 | 4.12% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,451 | 3.13% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,623 | 3.50% |
| Crescent City, CA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $7,026 | 4.63% |
| TYLER, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,942 | 3.13% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,293 | 2.88% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,258 | 2.75% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,635 | 3.38% |
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Product Mix
For 2020, Golden Empire Mortgage's most frequently originated type of loan was Conventional, with 10,677 originations. Their 2nd most popular type was FHA, with 1,550 originations.
Loan Reason
For 2020, Golden Empire Mortgage's most frequently cited loan purpose was Refi, with 5,935 originations. The 2nd most popular reason was Home Purchase, with 4,697 originations.
Loan Duration/Length
For 2020, Golden Empire Mortgage's most frequently cited loan duration was 30 Year, with 11,658 originations. The 2nd most popular length was 15 Year, with 689 originations.
Origination Fees/Closing Costs
Golden Empire Mortgage's average total fees were $5,928, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,258 originations.
Interest Rates
During 2020, Golden Empire Mortgage's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 5,281 originations.
Loan Sizing
2020 saw Golden Empire Mortgage place emphasis on $200k-400k loans with 5,934 originations, totaling $1,793,740,000 in origination value.
Applicant Income
Golden Empire Mortgage lent most frequently to those with incomes in the $100k-150k range, with 3,396 originations. The second most popular income band? $75k-100k, with 2,708 originations.
Applicant Debt to Income Ratio
Golden Empire Mortgage lent most frequently to those with DTI ratios of 30-36%, with 2,373 originations. The next most common DTI ratio? 20-30%, with 2,306 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.80%
Golden Empire Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination70.21%
Golden Empire Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 12,850 | $4,339,350,000 | $337,693 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 115 | $22,425,000 | $195,000 |
| Single Family (1-4 Units):Site-Built | 12,735 | $4,316,925,000 | $338,981 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GOLDEN EMPIRE MORTGAGE INCORPORATED | Conventional home mortgage | Closing on a mortgage | 2 | 50.0% |
| GOLDEN EMPIRE MORTGAGE INCORPORATED | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| GOLDEN EMPIRE MORTGAGE INCORPORATED | FHA mortgage | Closing on a mortgage | 1 | 25.0% |