The Golden 1 Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300ZJIC4LOLZH0M42

Tax ID: 94-0362025

1.9 stars - Updated: 11/17/24 - out of 5 stars, based on 71 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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.

    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
    Home Equity Line of Credit (HELOC) 6.81% 11/17/24
    30 Year Conventional Purchase 5.99% 11/17/24
    30 Year Conventional Refi 6.25% 11/17/24
    30 Year Cash-out Refi 6.59% 11/17/24
    30 Year FHA Purchase 7.04% 11/17/24
    30 Year FHA Refi 6.27% 11/17/24
    15 Year Conventional Purchase 5.87% 11/17/24
    15 Year Conventional Refi 6.13% 11/17/24
    15 Year Cash-out Refi 6.13% 11/17/24
    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






    Your Estimates

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

    This is not an official calculator from The Golden 1. 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

    5,018

    Origination Dollar Volume (All Markets)

    $1,625,220,000
    Show all (11) awards

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

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against THE GOLDEN 1 based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Sierra Central Credit Union
    Similarity Rank: 30
    COASTHILLS
    Similarity Rank: 45
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    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
    ALTITUDE FINANCIAL CORPORATION
    Similarity Rank: 135
    Educational Employees Credit Union
    Similarity Rank: 154
    Noble Federal Credit Union
    Similarity Rank: 176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,812 $325,770,000 $115,850 n/a 9.06%
    Conventional 2,179 $1,284,705,000 $589,585 $4,349 6.77%
    FHA 27 $14,745,000 $546,111 $18,206 6.37%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 2,255 $239,035,000 $106,002 $285 8.75%
    Home Purchase 1,260 $1,112,480,000 $882,921 $7,516 6.20%
    Other 865 $85,395,000 $98,723 $363 8.68%
    Cash Out Refi 589 $93,805,000 $159,261 $1,842 8.56%
    Refi 49 $94,505,000 $1,928,673 $2,970 6.43%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,180 $1,455,520,000 $348,211 $7,167 8.14%
    20 Year 420 $39,520,000 $94,095 $142 7.80%
    15 Year 302 $65,930,000 $218,311 $471 7.46%
    Other 89 $22,445,000 $252,191 $32 7.34%
    10 Year 27 $41,805,000 $1,548,333 $431 6.42%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,363 $634,365,000 $465,418
    $5k+ 223 $198,445,000 $889,888
    $2k-3k 175 $133,685,000 $763,914
    $1k-2k 135 $42,115,000 $311,963
    $3k-4k 134 $93,680,000 $699,104
    $4k-5k 90 $71,500,000 $794,444

    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

    Loan Rate Originations Total Value Average Loan
    Over 8% 2,916 $338,020,000 $115,919
    7-8% 936 $167,770,000 $179,241
    5-6% 601 $652,795,000 $1,086,181
    6-7% 506 $388,630,000 $768,043
    4-5% 59 $78,005,000 $1,322,119

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,114 $121,860,000 $57,644 $143 8.67%
    $100k-200k 1,136 $146,250,000 $128,741 $1,536 8.68%
    $200k-400k 621 $167,225,000 $269,283 $4,720 8.11%
    $1MM+ 498 $760,500,000 $1,527,108 $8,083 5.82%
    $600k-1MM 382 $301,520,000 $789,319 $8,033 6.04%
    $400k-600k 267 $127,865,000 $478,895 $6,617 7.40%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,361 $342,555,000 $251,694 $4,915 8.20%
    $100k-150k 1,294 $169,260,000 $130,804 $2,592 8.46%
    $250k+ 1,108 $902,990,000 $814,973 $6,965 7.00%
    $75k-100k 649 $63,935,000 $98,513 $1,851 8.46%
    $50k-75k 428 $32,990,000 $77,079 $1,623 8.44%
    $50k or less 141 $10,375,000 $73,582 $2,376 8.38%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 848 $235,050,000 $277,182 $4,121 8.06%
    44% 769 $188,505,000 $245,130 $3,491 8.46%
    20-30% 728 $172,440,000 $236,868 $3,725 8.16%
    43% 411 $134,335,000 $326,849 $4,844 8.11%
    42% 318 $100,770,000 $316,887 $4,012 8.06%
    41% 277 $97,295,000 $351,245 $4,498 7.93%
    40% 262 $83,050,000 $316,985 $4,896 8.13%
    39% 254 $84,330,000 $332,008 $4,376 8.09%
    37% 219 $69,285,000 $316,370 $5,031 8.10%
    38% 217 $69,575,000 $320,622 $4,041 8.06%
    36% 180 $49,170,000 $273,167 $3,595 8.11%
    <20% 173 $27,325,000 $157,948 $2,660 8.22%
    49% 89 $54,285,000 $609,944 $6,973 6.57%
    45% 75 $38,495,000 $513,267 $6,393 7.45%
    46% 54 $31,170,000 $577,222 $7,226 6.86%
    47% 52 $36,390,000 $699,808 $7,538 6.72%
    48% 51 $32,735,000 $641,863 $8,211 6.63%
    50-60% 19 $19,825,000 $1,043,421 $10,856 5.97%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,742 $582,070,000 $212,279 $3,618 8.30%
    Asian 779 $479,285,000 $615,257 $6,208 7.15%
    Not provided 1,065 $293,095,000 $275,207 $4,240 8.19%
    Asian Indian 100 $101,410,000 $1,014,100 $7,296 6.43%
    Not applicable 22 $101,190,000 $4,599,545 $0 5.52%
    Black 185 $30,545,000 $165,108 $3,620 8.55%
    American Indian 58 $9,880,000 $170,345 $4,011 8.19%
    Other Asian 10 $7,980,000 $798,000 $9,167 7.54%
    Native Hawaiian or Islander 25 $5,615,000 $224,600 $4,082 8.53%
    Chinese 6 $4,930,000 $821,667 $7,154 6.54%
    Vietnamese 6 $3,730,000 $621,667 $4,157 7.00%
    Filipino 12 $2,490,000 $207,500 $1,814 8.07%
    Korean 2 $2,420,000 $1,210,000 $5,872 7.25%
    Japanese 5 $545,000 $109,000 $0 8.41%
    Other Pacific Islander 1 $35,000 $35,000 $0 8.19%

    Approval Rates

    Total approvals of all applications
    71.24%

    The Golden 1 has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.71%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 857 $189,705,000 $221,359 $2,530 8.56%
    40-60% 275 $193,655,000 $704,200 $5,436 7.24%
    60-80% 523 $482,405,000 $922,380 $7,265 6.41%
    80-100% 586 $527,940,000 $900,922 $7,965 6.07%
    Under 20% 2,777 $231,515,000 $83,369 $225 8.70%