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 Refi and 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: Sacramento, San Francisco, San Jose, 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 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 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,412Origination Dollar Volume (All Markets)
$2,442,470,000Awards
THE GOLDEN 1 - 2020
THE GOLDEN 1 is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 3,156 | $809,940,000 | $256,635 | $3,745 | 3.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 690 | $477,070,000 | $691,406 | $5,358 | 3.24% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 557 | $474,945,000 | $852,684 | $4,957 | 3.10% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 198 | $169,410,000 | $855,606 | $5,980 | 3.18% |
| STOCKTON, CA (FHA|USDA|VA) | 212 | $66,540,000 | $313,868 | $3,764 | 3.54% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 143 | $61,705,000 | $431,503 | $5,412 | 3.41% |
| FRESNO, CA (FHA|USDA|VA) | 285 | $52,825,000 | $185,351 | $3,451 | 3.65% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 113 | $39,675,000 | $351,106 | $3,476 | 3.54% |
| VALLEJO, CA (FHA|USDA|VA) | 120 | $32,930,000 | $274,417 | $3,995 | 3.68% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 36 | $29,570,000 | $821,389 | $4,877 | 3.14% |
| MODESTO, CA (FHA|USDA|VA) | 132 | $26,170,000 | $198,258 | $3,129 | 3.77% |
| SALINAS, CA (FHA|USDA|VA) | 49 | $22,815,000 | $465,612 | $4,882 | 3.47% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 45 | $21,175,000 | $470,556 | $4,665 | 3.55% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 32 | $19,350,000 | $604,688 | $6,004 | 3.19% |
| Outside of Metro Areas | 98 | $18,720,000 | $191,020 | $3,108 | 3.76% |
| YUBA CITY, CA (FHA|USDA|VA) | 82 | $16,160,000 | $197,073 | $3,535 | 3.72% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 22 | $13,180,000 | $599,091 | $5,677 | 3.25% |
| CHICO, CA (FHA|USDA|VA) | 69 | $13,065,000 | $189,348 | $3,686 | 3.75% |
| MADERA, CA (FHA|USDA|VA) | 79 | $12,945,000 | $163,861 | $3,399 | 3.78% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 56 | $12,010,000 | $214,464 | $4,125 | 3.87% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 20 | $10,040,000 | $502,000 | $4,595 | 3.41% |
| NAPA, CA (FHA|USDA|VA) | 27 | $9,455,000 | $350,185 | $4,190 | 3.75% |
| REDDING, CA (FHA|USDA|VA) | 41 | $6,305,000 | $153,780 | $3,433 | 3.88% |
| MERCED, CA (FHA|USDA|VA) | 28 | $5,410,000 | $193,214 | $3,577 | 3.69% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 23 | $4,755,000 | $206,739 | $2,947 | 3.38% |
| VISALIA, CA (FHA|USDA|VA) | 24 | $4,070,000 | $169,583 | $4,592 | 3.68% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 25 | $3,625,000 | $145,000 | $3,216 | 3.85% |
| Susanville, CA (FHA|USDA|VA) | 24 | $3,530,000 | $147,083 | $3,400 | 3.69% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $3,747 | 3.33% |
| Sonora, CA (FHA|USDA|VA) | 8 | $1,180,000 | $147,500 | $2,707 | 3.81% |
| Ukiah, CA (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $3,171 | 3.16% |
| EL CENTRO, CA (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $6,299 | 3.72% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,071 | 3.13% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,038 | 3.69% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,426 | 3.63% |
Their top states include:
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Product Mix
For 2020, The Golden 1's most frequently originated type of loan was Conventional, with 5,073 originations. Their 2nd most popular type was HELOC, with 1,323 originations.
Loan Reason
For 2020, The Golden 1's most frequently cited loan purpose was Refi, with 2,440 originations. The 2nd most popular reason was Home Purchase, with 1,498 originations.
Loan Duration/Length
For 2020, The Golden 1's most frequently cited loan duration was 30 Year, with 5,031 originations. The 2nd most popular length was 15 Year, with 815 originations.
Origination Fees/Closing Costs
The Golden 1's average total fees were $4,596, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,671 originations.
Interest Rates
During 2020, The Golden 1's average interest rate for loans was 3.60%, while their most frequently originated rate bucket for loans was 3-4%, with 3,555 originations.
Loan Sizing
2020 saw The Golden 1 place emphasis on $200k-400k loans with 1,892 originations, totaling $538,780,000 in origination value.
Applicant Income
The Golden 1 lent most frequently to those with incomes in the $150k-250k range, with 1,655 originations. The second most popular income band? $100k-150k, with 1,519 originations.
Applicant Debt to Income Ratio
The Golden 1 lent most frequently to those with DTI ratios of 20-30%, with 1,616 originations. The next most common DTI ratio? 30-36%, with 1,331 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.11%
The Golden 1 has an average approval rate.
Pick Rate
Approvals leading to origination26.09%
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 | 6,412 | $2,442,470,000 | $380,922 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 29 | $3,815,000 | $131,552 |
| Single Family (1-4 Units):Site-Built | 6,383 | $2,438,655,000 | $382,055 |