Golden Empire Mortgage Rates, Fees & Info

Bakersfield, CA

LEI: 254900VHUBSJJKOMBF27

Tax ID: 77-0158990

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    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% 12/3/24
    30 Year Conventional Refi 6.59% 12/3/24
    30 Year Cash-out Refi 6.78% 12/3/24
    30 Year FHA Purchase 7.56% 12/3/24
    30 Year FHA Refi 7.44% 12/3/24
    30 Year VA Purchase 6.33% 12/3/24
    30 Year VA Refi 6.03% 12/3/24
    30 Year USDA Purchase 6.98% 12/3/24
    15 Year Conventional Purchase 7.28% 12/3/24
    15 Year Conventional Refi 6.22% 12/3/24
    15 Year Cash-out Refi 6.22% 12/3/24
    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

    12,850

    Origination Dollar Volume (All Markets)

    $4,339,350,000
    Show all (13) awards

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

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

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Chaffey Federal Credit Union
    Similarity Rank: 345
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    People's Community Federal Credit Union
    Similarity Rank: 434
    BOURNS EMPLOYEES FEDERAL CREDIT UNION
    Similarity Rank: 486
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    MYPOINT Credit Union
    Similarity Rank: 560
    ALTURA
    Similarity Rank: 628
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 825
    OREGONIANS CREDIT UNION
    Similarity Rank: 948

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 10,677 $3,533,435,000 $330,939 $4,703 3.07%
    FHA 1,550 $522,360,000 $337,006 $12,980 3.19%
    VA 599 $277,365,000 $463,047 $7,001 2.90%
    USDA 24 $6,190,000 $257,917 $9,453 3.40%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 5,935 $2,213,435,000 $372,946 $3,969 3.00%
    Home Purchase 4,697 $1,357,635,000 $289,043 $9,400 3.10%
    Cash Out Refi 2,218 $768,280,000 $346,384 $5,204 3.26%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 11,658 $3,987,960,000 $342,079 $5,928 3.11%
    15 Year 689 $191,995,000 $278,657 $3,862 2.70%
    20 Year 385 $121,035,000 $314,377 $3,858 3.04%
    Other 84 $30,560,000 $363,810 $4,103 3.07%
    10 Year 34 $7,800,000 $229,412 $3,125 2.81%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,258 $1,079,370,000 $331,298
    $1k-2k 2,972 $1,148,580,000 $386,467
    $5k+ 2,076 $838,480,000 $403,892
    $2k-3k 1,385 $467,865,000 $337,809
    $3k-4k 1,064 $311,340,000 $292,613
    $4k-5k 959 $303,175,000 $316,137

    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

    Loan Rate Originations Total Value Average Loan
    2.5-3% 5,281 $1,931,865,000 $365,814
    3-4% 4,953 $1,831,095,000 $369,694
    <2.5% 1,616 $428,500,000 $265,161
    4-5% 411 $137,975,000 $335,706
    5-6% 15 $5,205,000 $347,000
    6-7% 4 $740,000 $185,000
    7-8% 1 $25,000 $25,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,934 $1,793,740,000 $302,282 $5,379 3.11%
    $400k-600k 3,710 $1,772,610,000 $477,792 $5,874 3.09%
    $100,000 or less 1,216 $14,630,000 $12,031 $2,162 2.50%
    $100k-200k 1,194 $193,160,000 $161,776 $4,584 3.17%
    $600k-1MM 771 $533,115,000 $691,459 $8,897 3.16%
    $1MM+ 25 $32,095,000 $1,283,800 $9,706 3.38%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,396 $1,268,850,000 $373,631 $5,828 3.09%
    $75k-100k 2,708 $830,140,000 $306,551 $6,037 3.07%
    $50k-75k 2,567 $577,005,000 $224,778 $5,985 3.06%
    $150k-250k 2,232 $1,003,430,000 $449,565 $5,271 3.11%
    $50k or less 891 $145,615,000 $163,429 $5,589 3.12%
    $250k+ 683 $344,695,000 $504,678 $5,148 3.11%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2,373 $788,995,000 $332,488 $5,063 3.06%
    20-30% 2,306 $819,160,000 $355,230 $4,402 3.02%
    <20% 706 $242,250,000 $343,130 $3,660 2.95%
    39% 612 $161,320,000 $263,595 $5,745 3.03%
    44% 599 $211,905,000 $353,765 $6,745 3.31%
    38% 579 $159,665,000 $275,760 $6,050 3.02%
    40% 578 $172,300,000 $298,097 $5,743 3.08%
    42% 574 $193,960,000 $337,909 $6,053 3.16%
    41% 555 $171,115,000 $308,315 $6,035 3.13%
    37% 502 $148,670,000 $296,155 $5,815 3.07%
    36% 494 $147,950,000 $299,494 $5,462 3.07%
    43% 493 $175,425,000 $355,832 $6,219 3.19%
    50-60% 452 $165,670,000 $366,527 $12,575 3.17%
    49% 410 $147,880,000 $360,683 $6,694 3.20%
    47% 319 $116,115,000 $363,997 $6,647 3.22%
    48% 312 $114,310,000 $366,378 $7,114 3.13%
    45% 312 $120,390,000 $385,865 $6,726 3.16%
    46% 297 $109,985,000 $370,320 $6,261 3.14%
    >60% 4 $2,670,000 $667,500 $12,584 2.94%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9,961 $3,296,445,000 $330,935 $5,730 3.09%
    Not provided 1,510 $571,990,000 $378,801 $4,892 3.06%
    Asian 581 $220,535,000 $379,578 $5,560 2.98%
    Black 565 $167,705,000 $296,823 $8,132 3.14%
    American Indian 76 $22,270,000 $293,026 $6,994 2.96%
    Native Hawaiian or Islander 40 $15,020,000 $375,500 $5,172 2.96%
    Asian Indian 34 $14,850,000 $436,765 $4,038 3.07%
    Filipino 28 $10,200,000 $364,286 $5,050 2.86%
    Other Pacific Islander 16 $5,130,000 $320,625 $7,101 3.03%
    Other Asian 12 $4,150,000 $345,833 $5,062 3.33%
    Chinese 7 $2,865,000 $409,286 $2,700 2.79%
    Samoan 4 $2,310,000 $577,500 $8,351 3.22%
    Japanese 6 $2,060,000 $343,333 $3,807 2.92%
    Korean 5 $1,735,000 $347,000 $3,422 2.67%
    Vietnamese 4 $1,610,000 $402,500 $3,254 2.87%
    Guamanian 1 $475,000 $475,000 $13,690 2.88%

    Approval Rates

    Total approvals of all applications
    98.80%

    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 origination
    70.21%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 780 $206,670,000 $264,962 $3,263 2.93%
    40-60% 2,626 $921,400,000 $350,876 $3,409 2.97%
    60-80% 4,066 $1,583,160,000 $389,365 $4,846 3.17%
    80-100% 4,029 $1,543,545,000 $383,109 $8,597 3.20%
    Over 100% 124 $59,220,000 $477,581 $12,241 3.03%
    Under 20% 1,225 $25,355,000 $20,698 $2,084 2.48%

    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%