SuperMoney

Golden Empire Mortgage

in HELOC Lenders

Unaffiliated Visit Site

Golden Empire Mortgage

Unaffiliated

in HELOC Lenders

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend Golden Empire Mortgage to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Overview

Where does Golden Empire Mortgage do business?

Golden Empire Mortgage is based in Bakersfield, CA. The company was founded in 1987 and offers home equity lines of credit (HELOCs) to borrowers in 7 states across the USA.

How much can you borrow with a HELOC?

Home equity lines of credit are lines of credit -- similar to a credit card -- that are secured by your home. Once you get approved for a certain amount, you can borrow as much as you need by writing a check or using a credit card attached to the account. 

Golden Empire Mortgage allows borrowers to apply for lines of credit of up to $500,000. Note that the maximum loan amount you can borrow will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

This lender's maximum loan to value rate is 95%. That means the total debt secured by the property cannot exceed 95% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $75k.

What are the terms for a HELOC via Golden Empire Mortgage?

HELOCs have a draw and a repayment period. During the draw period you can borrow as much as you need up to your credit limit. After the draw period, you are responsible for repaying the loan. 

Golden Empire Mortgage offers home equity loans with a draw period of up to 10 years and a repayment period of 20 years.

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement

What range of rates does Golden Empire Mortgage offer?

Golden Empire Mortgage offers home equity loans with APRs starting at 4.24% and up to 18%.

Remember the APRs of HELOCs do not include points and financing charges, just the interest rate. Most home equity lines of credit have a variable interest rate. Fixed interest rates -- if available -- typically have higher APRs, but your monthly payments don't change over the life of the line of credit.

What fees does Golden Empire Mortgage charge for a HELOC?

Golden Empire Mortgage may charge a loan origination fee. There is also an annual fee of $75.

SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

Other Services by Golden Empire Mortgage

Availability

Available in 7 States
  • Arizona
  • California
  • Colorado
  • Hawaii
  • Oregon
  • Texas
  • Washington

Feature Breakdown

Annual Fee
$75
Maximum LTV
95%
Draw Period (years)
10
Repayment Period (years)
20
Loan Amount
Up to
$500,000
APR
4.24% - 18%
0% 19%

Be the first to rate

Would you recommend Golden Empire Mortgage to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)