The Golden 1 Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300ZJIC4LOLZH0M42

Tax ID: 94-0362025

3.9 stars - out of 5 stars, based on 79 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include San Jose, Sacramento, San Francisco, Los Angeles, and Stockton among others. The Golden 1 has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Golden 1 is typically an average fee lendor.


Originations

6,307

Origination Dollar Volume (All Markets)

$2,451,925,000
Show all (7) awards

Relative Rate

The Golden 1's average 30 year fixed rate mortgage of loans were 3.48%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.33%.

Relative Fees

The Golden 1's average total fees for a 30 year fixed rate mortgage are $4,822.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 637 $635,485,000 $997,622 $5,534 3.07%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2,895 $623,595,000 $215,404 $3,320 3.55%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 670 $510,140,000 $761,403 $6,712 3.20%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 159 $132,225,000 $831,604 $6,932 3.29%
STOCKTON, CA (FHA|USDA|VA) 314 $132,030,000 $420,478 $4,137 3.23%
FRESNO, CA (FHA|USDA|VA) 334 $62,270,000 $186,437 $3,478 3.43%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 142 $53,050,000 $373,592 $4,950 3.43%
VALLEJO, CA (FHA|USDA|VA) 130 $34,530,000 $265,615 $4,468 3.58%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 40 $31,100,000 $777,500 $6,533 3.12%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 48 $28,920,000 $602,500 $6,224 3.19%
MODESTO, CA (FHA|USDA|VA) 126 $26,530,000 $210,556 $3,741 3.50%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 104 $22,720,000 $218,462 $3,744 3.60%
SALINAS, CA (FHA|USDA|VA) 43 $19,775,000 $459,884 $4,179 3.42%
Outside of Metro Areas 97 $17,675,000 $182,216 $3,235 3.50%
YUBA CITY, CA (FHA|USDA|VA) 78 $15,440,000 $197,949 $3,122 3.57%
MADERA, CA (FHA|USDA|VA) 81 $13,135,000 $162,160 $3,292 3.43%
CHICO, CA (FHA|USDA|VA) 57 $11,745,000 $206,053 $3,648 3.36%
Truckee-Grass Valley, CA (FHA|USDA|VA) 43 $11,505,000 $267,558 $4,399 3.50%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 24 $9,780,000 $407,500 $4,458 3.34%
REDDING, CA (FHA|USDA|VA) 53 $9,625,000 $181,604 $3,491 3.40%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 35 $8,335,000 $238,143 $4,577 3.73%
MERCED, CA (FHA|USDA|VA) 39 $8,005,000 $205,256 $3,066 3.50%
NAPA, CA (FHA|USDA|VA) 21 $5,715,000 $272,143 $3,930 3.57%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $5,135,000 $570,556 $5,195 3.40%
BAKERSFIELD, CA (FHA|USDA|VA) 28 $4,900,000 $175,000 $3,253 3.61%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 27 $4,825,000 $178,704 $3,319 3.52%
VISALIA, CA (FHA|USDA|VA) 19 $3,105,000 $163,421 $3,284 3.20%
Susanville, CA (FHA|USDA|VA) 19 $2,765,000 $145,526 $3,730 3.39%
Red Bluff, CA (FHA|USDA|VA) 9 $2,455,000 $272,778 $4,159 3.39%
Sonora, CA (FHA|USDA|VA) 9 $1,735,000 $192,778 $2,479 3.24%
Ukiah, CA (FHA|USDA|VA) 2 $940,000 $470,000 $4,225 3.13%
Eureka-Arcata, CA (FHA|USDA|VA) 3 $865,000 $288,333 $4,359 3.38%
Crescent City, CA (FHA|USDA|VA) 3 $805,000 $268,333 $3,730 3.25%
EL CENTRO, CA (FHA|USDA|VA) 6 $680,000 $113,333 $2,968 3.31%
Clearlake, CA (FHA|USDA|VA) 3 $385,000 $128,333 $3,314 3.50%

The Golden 1's top markets include San Jose, Sacramento, San Francisco, Los Angeles, and Stockton among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 6,279 $2,441,355,000 $388,813 $4,280 3.42%
FHA 28 $10,570,000 $377,500 $10,809 2.97%

For the 2021 period, The Golden 1's most frequently originated loan type of loans were Conventional, with 6,279 originations. Their 2nd most popular type is FHA, with 28 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,733 $1,409,245,000 $813,182 $6,072 3.02%
Cash Out Refi 1,453 $390,885,000 $269,019 $3,517 3.42%
Home Improvement 1,424 $143,060,000 $100,463 $1,813 4.12%
Refi 1,353 $470,745,000 $347,927 $3,324 3.01%
Other 344 $37,990,000 $110,436 $2,034 4.14%

For the 2021, The Golden 1's most frequently cited loan purpose of loans were Home Purchase, with 1,733 originations. The 2nd most popular reason of loans were Cash Out Refi, with 1,453 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 5,309 $2,243,605,000 $422,604 $4,822 3.48%
15 Year 581 $125,685,000 $216,325 $2,703 2.98%
20 Year 279 $63,995,000 $229,373 $2,827 3.33%
10 Year 119 $16,925,000 $142,227 $2,497 2.67%
Other 19 $1,715,000 $90,263 $359 5.61%

For the 2021, The Golden 1's most frequently cited loan length of loans were 30 Year, with 5,309 originations. The 2nd most popular length of loans were 15 Year, with 581 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,452 $1,356,200,000 $553,100
$1k-2k 731 $191,075,000 $261,389
$2k-3k 373 $186,325,000 $499,531
$3k-4k 371 $243,625,000 $656,671
$5k+ 249 $231,655,000 $930,341

$4,822 of loans were The Golden 1's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,452 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 3,449 $859,605,000 $249,233
2.5-3% 2,208 $1,428,510,000 $646,970
4-5% 359 $40,965,000 $114,109
<2.5% 176 $114,830,000 $652,443
5-6% 73 $5,185,000 $71,027
6-7% 42 $2,830,000 $67,381

During 2021, The Golden 1's average interest rate of loans were 3.48%, while their most frequently originated rate bucket of loans were 3-4%, with 3,449 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,613 $452,815,000 $280,728 $3,446 3.25%
$100k-200k 1,549 $217,025,000 $140,107 $2,777 3.52%
$100,000 or less 1,301 $76,075,000 $58,474 $1,578 4.11%
$600k-1MM 683 $552,505,000 $808,939 $5,871 2.95%
$1MM+ 612 $887,950,000 $1,450,899 $7,374 2.84%
$400k-600k 549 $265,555,000 $483,707 $4,453 3.22%

2021 saw The Golden 1 place emphasis on $200k-400k loans with 1,613 originations, totaling $452,815,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 1,602 $744,150,000 $464,513 $5,062 3.42%
$100k-150k 1,407 $360,845,000 $256,464 $3,745 3.53%
$75k-100k 963 $199,855,000 $207,534 $3,276 3.50%
$250k+ 962 $918,590,000 $954,875 $6,673 3.22%
$50k-75k 904 $157,600,000 $174,336 $3,167 3.39%
$50k or less 426 $58,950,000 $138,380 $3,063 3.36%

The Golden 1 lent most frequently to those with incomes in the $150k-250k range, with 1,602 originations. The second most popular income band? $100k-150k, with 1,407 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,491 $529,975,000 $355,449 $4,047 3.35%
30-36% 1,265 $465,585,000 $368,051 $4,303 3.44%
<20% 477 $103,715,000 $217,432 $3,105 3.31%
44% 471 $177,085,000 $375,977 $5,111 3.61%
43% 308 $133,050,000 $431,981 $4,620 3.56%
39% 292 $122,850,000 $420,719 $4,758 3.54%
41% 283 $151,335,000 $534,753 $5,117 3.43%
38% 279 $112,895,000 $404,642 $4,662 3.54%
42% 261 $106,115,000 $406,571 $4,512 3.50%
37% 256 $97,570,000 $381,133 $4,271 3.46%
40% 240 $105,930,000 $441,375 $4,596 3.46%
36% 240 $95,250,000 $396,875 $4,570 3.50%
49% 102 $58,950,000 $577,941 $4,806 3.08%
45% 93 $51,505,000 $553,817 $4,624 3.16%
48% 80 $33,190,000 $414,875 $3,938 3.07%
46% 72 $37,660,000 $523,056 $4,361 3.04%
47% 68 $34,920,000 $513,529 $3,996 3.11%
50-60% 27 $31,825,000 $1,178,704 $6,685 3.11%
>60% 1 $2,305,000 $2,305,000 $5,187 2.75%

The Golden 1 lent most frequently to those with DTI ratios of 20-30%, with 1,491 originations. The next most common DTI ratio? 30-36%, with 1,265 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,290 $1,063,460,000 $323,240 $4,051 3.47%
Asian 1,044 $698,840,000 $669,387 $5,401 3.19%
Not provided 1,594 $552,370,000 $346,531 $4,104 3.45%
Black 227 $61,865,000 $272,533 $3,771 3.50%
Asian Indian 43 $48,985,000 $1,139,186 $6,612 3.11%
American Indian 62 $14,190,000 $228,871 $3,199 3.64%
Native Hawaiian 24 $5,230,000 $217,917 $3,499 3.75%
Other Asian 5 $2,845,000 $569,000 $3,548 3.50%
Other Pacific Islander 4 $1,290,000 $322,500 $3,966 3.66%
Filipino 4 $1,220,000 $305,000 $3,869 3.75%
Chinese 4 $1,070,000 $267,500 $5,174 3.50%
Japanese 5 $515,000 $103,000 $2,582 3.55%
Native Hawiian 1 $45,000 $45,000 $0 4.00%

Approval Rates

Total approvals of all applications
82.12%

The Golden 1 has a below average approval rate.

Pick Rate

Approvals leading to origination
48.51%

The Golden 1 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 6,307 $2,451,925,000 $388,762

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
6,307 $2,451,925,000 $388,762

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 941 $184,385,000 $195,946 $2,932 3.43%
40-60% 1,161 $376,585,000 $324,363 $3,268 3.11%
60-80% 1,485 $921,825,000 $620,758 $4,781 3.16%
80-100% 1,009 $827,775,000 $820,391 $5,987 2.97%
Under 20% 1,711 $141,355,000 $82,615 $1,545 4.11%