The Golden 1 Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300ZJIC4LOLZH0M42

Tax ID: 94-0362025

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
  • 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 smaller mortgage company specializing in Home Purchase and Cash Out Refi 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: Sacramento, San Francisco, San Jose, Fresno, and Stockton among others. We have data for 34 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 a low 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% 11/21/24
    30 Year Conventional Purchase 5.99% 11/21/24
    30 Year Conventional Refi 6.25% 11/21/24
    30 Year Cash-out Refi 6.59% 11/21/24
    30 Year FHA Purchase 7.04% 11/21/24
    30 Year FHA Refi 6.27% 11/21/24
    15 Year Conventional Purchase 5.87% 11/21/24
    15 Year Conventional Refi 6.13% 11/21/24
    15 Year Cash-out Refi 6.13% 11/21/24
    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

    4,967

    Origination Dollar Volume (All Markets)

    $877,705,000
    Show all (18) 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
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2,868 $448,900,000 $156,520 $2,433 5.34%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 255 $86,165,000 $337,902 $4,051 5.19%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 116 $65,410,000 $563,879 $4,269 4.91%
    FRESNO, CA (FHA|USDA|VA) 264 $34,060,000 $129,015 $2,682 5.29%
    STOCKTON, CA (FHA|USDA|VA) 215 $33,105,000 $153,977 $2,489 5.32%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 99 $24,075,000 $243,182 $3,632 5.29%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 72 $23,460,000 $325,833 $4,260 5.16%
    VALLEJO, CA (FHA|USDA|VA) 134 $23,130,000 $172,612 $2,938 5.33%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 91 $16,075,000 $176,648 $3,120 5.54%
    Outside of Metro Areas 121 $15,835,000 $130,868 $2,953 5.25%
    MODESTO, CA (FHA|USDA|VA) 131 $15,445,000 $117,901 $2,193 5.47%
    MADERA, CA (FHA|USDA|VA) 82 $10,430,000 $127,195 $2,720 5.23%
    YUBA CITY, CA (FHA|USDA|VA) 73 $10,355,000 $141,849 $2,692 5.33%
    SALINAS, CA (FHA|USDA|VA) 41 $9,715,000 $236,951 $2,771 5.33%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 50 $8,990,000 $179,800 $2,317 5.38%
    CHICO, CA (FHA|USDA|VA) 59 $8,255,000 $139,915 $2,610 5.28%
    MERCED, CA (FHA|USDA|VA) 35 $5,475,000 $156,429 $2,489 5.28%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 29 $5,295,000 $182,586 $1,750 5.59%
    NAPA, CA (FHA|USDA|VA) 30 $5,020,000 $167,333 $1,887 5.55%
    REDDING, CA (FHA|USDA|VA) 50 $4,600,000 $92,000 $1,858 5.54%
    Susanville, CA (FHA|USDA|VA) 28 $3,480,000 $124,286 $2,815 5.17%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 11 $3,285,000 $298,636 $4,856 5.20%
    BAKERSFIELD, CA (FHA|USDA|VA) 24 $3,180,000 $132,500 $3,096 5.30%
    VISALIA, CA (FHA|USDA|VA) 24 $3,150,000 $131,250 $2,117 5.35%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 13 $2,875,000 $221,154 $3,661 5.32%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 6 $2,610,000 $435,000 $3,832 4.65%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 17 $2,265,000 $133,235 $2,440 5.14%
    Red Bluff, CA (FHA|USDA|VA) 6 $750,000 $125,000 $3,310 5.15%
    Sonora, CA (FHA|USDA|VA) 8 $710,000 $88,750 $1,507 5.76%
    Clearlake, CA (FHA|USDA|VA) 3 $535,000 $178,333 $2,868 4.46%
    EL CENTRO, CA (FHA|USDA|VA) 4 $460,000 $115,000 $2,145 5.17%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $315,000 $63,000 $0 5.80%
    Eureka-Arcata, CA (FHA|USDA|VA) 2 $200,000 $100,000 $2,288 4.81%
    Ukiah, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%
    The Golden 1's top markets include Sacramento, San Francisco, San Jose, Fresno, 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.

    Monterey Credit Union
    Similarity Rank: 16
    SANTA CLARA COUNTY
    Similarity Rank: 20
    MYPOINT Credit Union
    Similarity Rank: 55
    SESLOC
    Similarity Rank: 70
    FRONTWAVE
    Similarity Rank: 176
    COASTHILLS
    Similarity Rank: 184
    Valley First Credit Union
    Similarity Rank: 187
    CBC Federal Credit Union
    Similarity Rank: 189
    LBS FINANCIAL
    Similarity Rank: 210
    Montecito Bank & Trust
    Similarity Rank: 216

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,912 $713,080,000 $244,876 $2,652 5.03%
    HELOC 2,039 $159,685,000 $78,315 n/a 5.75%
    FHA 16 $4,940,000 $308,750 $8,767 4.26%

    For 2018, The Golden 1's most frequently originated type of loan was Conventional, with 2,912 originations. Their 2nd most popular type was HELOC, with 2,039 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,950 $136,260,000 $69,877 $274 5.83%
    Home Purchase 930 $357,540,000 $384,452 $4,264 4.64%
    Refi 826 $158,530,000 $191,925 $2,435 5.18%
    Cash Out Refi 812 $197,700,000 $243,473 $3,219 4.72%
    Other 449 $27,675,000 $61,637 $263 5.88%

    For 2018, The Golden 1's most frequently cited loan purpose was Home Improvement, with 1,950 originations. The 2nd most popular reason was Home Purchase, with 930 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,797 $756,455,000 $199,224 $3,789 5.26%
    15 Year 653 $72,075,000 $110,375 $1,279 5.36%
    20 Year 368 $40,420,000 $109,837 $935 5.77%
    Other 116 $5,620,000 $48,448 $72 5.92%
    10 Year 32 $3,090,000 $96,563 $1,974 4.83%
    5 Year 1 $45,000 $45,000 $0 5.79%

    For 2018, The Golden 1's most frequently cited loan duration was 30 Year, with 3,797 originations. The 2nd most popular length was 15 Year, with 653 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,886 $417,840,000 $221,548
    $1k-2k 530 $133,600,000 $252,075
    $2k-3k 166 $58,760,000 $353,976
    $3k-4k 80 $28,220,000 $352,750
    $5k+ 62 $31,320,000 $505,161
    $4k-5k 49 $19,245,000 $392,755

    The Golden 1's average total fees were $3,789, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,886 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 2,388 $227,980,000 $95,469
    4-5% 1,728 $535,080,000 $309,653
    6-7% 601 $36,895,000 $61,389
    3-4% 197 $72,635,000 $368,706
    7-8% 46 $4,620,000 $100,435
    Over 8% 7 $495,000 $70,714

    During 2018, The Golden 1's average interest rate for loans was 5.26%, while their most frequently originated rate bucket for loans was 5-6%, with 2,388 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,271 $114,045,000 $50,218 $317 5.83%
    $100k-200k 1,090 $151,080,000 $138,606 $2,648 5.18%
    $200k-400k 1,085 $300,775,000 $277,212 $3,525 4.76%
    $400k-600k 350 $167,250,000 $477,857 $4,236 4.63%
    $600k-1MM 142 $107,150,000 $754,577 $5,350 4.44%
    $1MM+ 29 $37,405,000 $1,289,828 $7,836 4.26%

    2018 saw The Golden 1 place emphasis on $100,000 or less loans with 2,271 originations, totaling $114,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,376 $235,350,000 $171,039 $2,657 5.37%
    $75k-100k 972 $145,420,000 $149,609 $2,504 5.34%
    $50k-75k 956 $123,860,000 $129,561 $2,452 5.28%
    $150k-250k 945 $228,185,000 $241,466 $2,871 5.36%
    $50k or less 500 $51,440,000 $102,880 $2,598 5.22%
    $250k+ 218 $93,450,000 $428,670 $4,581 5.17%

    The Golden 1 lent most frequently to those with incomes in the $100k-150k range, with 1,376 originations. The second most popular income band? $75k-100k, with 972 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,080 $170,050,000 $157,454 $2,469 5.32%
    30-36% 827 $147,525,000 $178,386 $2,518 5.30%
    <20% 543 $52,875,000 $97,376 $2,610 5.47%
    44% 479 $79,275,000 $165,501 $2,295 5.56%
    43% 285 $50,675,000 $177,807 $2,423 5.40%
    42% 255 $51,755,000 $202,961 $2,602 5.34%
    41% 223 $39,185,000 $175,717 $2,480 5.41%
    40% 201 $45,625,000 $226,990 $2,941 5.28%
    38% 199 $41,775,000 $209,925 $2,602 5.33%
    39% 182 $35,240,000 $193,626 $2,689 5.27%
    37% 169 $33,835,000 $200,207 $2,908 5.28%
    36% 160 $28,070,000 $175,438 $2,556 5.26%
    49% 97 $27,585,000 $284,381 $3,619 4.72%
    45% 85 $21,045,000 $247,588 $3,398 4.87%
    48% 58 $14,580,000 $251,379 $3,753 4.78%
    46% 56 $18,550,000 $331,250 $3,727 4.70%
    47% 54 $14,980,000 $277,407 $4,215 4.78%
    50-60% 11 $4,465,000 $405,909 $6,359 4.51%
    >60% 1 $145,000 $145,000 $2,737 4.50%

    The Golden 1 lent most frequently to those with DTI ratios of 20-30%, with 1,080 originations. The next most common DTI ratio? 30-36%, with 827 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,071 $508,885,000 $165,707 $2,549 5.33%
    Not provided 1,142 $196,120,000 $171,734 $2,761 5.37%
    Asian 465 $115,555,000 $248,505 $3,371 5.16%
    Black 185 $36,805,000 $198,946 $2,702 5.27%
    American Indian 55 $8,295,000 $150,818 $2,513 5.36%
    Native Hawaiian or Islander 39 $7,165,000 $183,718 $2,177 5.47%
    Asian Indian 4 $2,950,000 $737,500 $3,764 4.78%
    Other Asian 3 $1,415,000 $471,667 $4,052 4.79%
    Filipino 2 $490,000 $245,000 $2,171 5.15%
    Other Pacific Islander 1 $25,000 $25,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    77.49%

    The Golden 1 has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.16%

    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 4,967 $877,705,000 $176,707

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 33 $3,345,000 $101,364
    Single Family (1-4 Units):Site-Built 4,934 $874,360,000 $177,211

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 748 $100,760,000 $134,706 $2,097 5.45%
    40-60% 481 $109,985,000 $228,659 $2,974 4.67%
    60-80% 860 $286,590,000 $333,244 $3,758 4.72%
    80-100% 659 $254,715,000 $386,517 $4,187 4.65%
    Under 20% 2,219 $125,655,000 $56,627 $186 5.85%