The Golden 1 Mortgage Rates, Fees & Info
Sacramento, CALEI: 549300ZJIC4LOLZH0M42
Tax ID: 94-0362025
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Mortgage Data
Review & Overview
The Golden 1 is a small mortgage company specializing in Home Purchase loans. The Golden 1 has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Francisco, San Jose, Sacramento, Los Angeles, and Stockton among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)The Golden 1 has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Golden 1 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.81% | 9/1/24 |
30 Year Conventional Purchase | 5.99% | 9/1/24 |
30 Year Conventional Refi | 6.25% | 9/1/24 |
30 Year Cash-out Refi | 6.59% | 9/1/24 |
30 Year FHA Purchase | 7.04% | 9/1/24 |
30 Year FHA Refi | 6.27% | 9/1/24 |
15 Year Conventional Purchase | 5.87% | 9/1/24 |
15 Year Conventional Refi | 6.13% | 9/1/24 |
15 Year Cash-out Refi | 6.13% | 9/1/24 |
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. |
The Golden 1 Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,018Origination Dollar Volume (All Markets)
$1,625,220,000THE GOLDEN 1 - 2023
THE GOLDEN 1 is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
The Golden 1's average 30 year fixed mortgage rate was
8.14%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.66%.
Relative Fees (Closing Costs)
The Golden 1's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,167.
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 |
---|---|---|---|---|---|
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 604 | $462,620,000 | $765,927 | $7,860 | 6.93% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 400 | $384,130,000 | $960,325 | $6,309 | 6.56% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2,046 | $284,930,000 | $139,262 | $2,251 | 8.48% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 188 | $137,710,000 | $732,500 | $7,763 | 7.54% |
STOCKTON, CA (FHA|USDA|VA) | 226 | $68,320,000 | $302,301 | $4,599 | 7.82% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 148 | $35,570,000 | $240,338 | $4,973 | 8.02% |
FRESNO, CA (FHA|USDA|VA) | 276 | $33,030,000 | $119,674 | $1,974 | 8.54% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 58 | $30,910,000 | $532,931 | $6,751 | 8.06% |
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 48 | $27,800,000 | $579,167 | $3,528 | 8.63% |
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 33 | $20,285,000 | $614,697 | $5,832 | 6.93% |
MODESTO, CA (FHA|USDA|VA) | 137 | $14,125,000 | $103,102 | $1,251 | 8.66% |
VALLEJO, CA (FHA|USDA|VA) | 100 | $13,400,000 | $134,000 | $2,677 | 8.53% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 103 | $11,965,000 | $116,165 | $1,121 | 8.74% |
SALINAS, CA (FHA|USDA|VA) | 44 | $11,470,000 | $260,682 | $2,492 | 8.21% |
BAKERSFIELD, CA (FHA|USDA|VA) | 33 | $10,655,000 | $322,879 | $841 | 8.18% |
Outside of Metro Areas | 93 | $10,465,000 | $112,527 | $2,451 | 8.37% |
Truckee-Grass Valley, CA (FHA|USDA|VA) | 45 | $9,655,000 | $214,556 | $5,116 | 8.35% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 28 | $9,460,000 | $337,857 | $6,931 | 8.08% |
YUBA CITY, CA (FHA|USDA|VA) | 78 | $8,800,000 | $112,821 | $2,751 | 8.59% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 19 | $5,455,000 | $287,105 | $7,806 | 7.64% |
REDDING, CA (FHA|USDA|VA) | 57 | $5,405,000 | $94,825 | $1,854 | 8.49% |
MADERA, CA (FHA|USDA|VA) | 64 | $5,190,000 | $81,094 | $621 | 8.59% |
CHICO, CA (FHA|USDA|VA) | 38 | $3,770,000 | $99,211 | $2,079 | 8.60% |
VISALIA, CA (FHA|USDA|VA) | 31 | $3,015,000 | $97,258 | $917 | 8.50% |
MERCED, CA (FHA|USDA|VA) | 22 | $2,840,000 | $129,091 | $1,195 | 8.46% |
HANFORD-CORCORAN, CA (FHA|USDA|VA) | 30 | $2,720,000 | $90,667 | $687 | 8.55% |
Ukiah, CA (FHA|USDA|VA) | 3 | $2,495,000 | $831,667 | $13,168 | 7.00% |
NAPA, CA (FHA|USDA|VA) | 18 | $2,380,000 | $132,222 | $1,303 | 8.46% |
Clearlake, CA (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $4,075 | 7.99% |
Sonora, CA (FHA|USDA|VA) | 9 | $1,145,000 | $127,222 | $2,630 | 8.28% |
Susanville, CA (FHA|USDA|VA) | 9 | $1,105,000 | $122,778 | $3,640 | 8.81% |
Red Bluff, CA (FHA|USDA|VA) | 10 | $930,000 | $93,000 | $2,268 | 8.07% |
EL CENTRO, CA (FHA|USDA|VA) | 9 | $875,000 | $97,222 | $1,496 | 8.37% |
Crescent City, CA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,415 | 7.92% |
Eureka-Arcata, CA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $1,350 | 7.29% |
Their top states include:
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Product Mix
For 2023, The Golden 1's most frequently originated type of loan was HELOC, with 2,812 originations. Their 2nd most popular type was Conventional, with 2,179 originations.
Loan Reason
For 2023, The Golden 1's most frequently cited loan purpose was Home Improvement, with 2,255 originations. The 2nd most popular reason was Home Purchase, with 1,260 originations.
Loan Duration/Length
For 2023, The Golden 1's most frequently cited loan duration was 30 Year, with 4,180 originations. The 2nd most popular length was 20 Year, with 420 originations.
Origination Fees/Closing Costs
The Golden 1's average total fees were $7,167, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,363 originations.
Interest Rates
During 2023, The Golden 1's average interest rate for loans was 8.14%, while their most frequently originated rate bucket for loans was Over 8%, with 2,916 originations.
Loan Sizing
2023 saw The Golden 1 place emphasis on $100,000 or less loans with 2,114 originations, totaling $121,860,000 in origination value.
Applicant Income
The Golden 1 lent most frequently to those with incomes in the $150k-250k range, with 1,361 originations. The second most popular income band? $100k-150k, with 1,294 originations.
Applicant Debt to Income Ratio
The Golden 1 lent most frequently to those with DTI ratios of 30-36%, with 848 originations. The next most common DTI ratio? 44%, with 769 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications71.24%
The Golden 1 has a below average approval rate.
Pick Rate
Approvals leading to origination75.71%
The Golden 1 has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 5,018 | $1,625,220,000 | $323,878 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
5,018 | $1,625,220,000 | $323,878 |