Golden Empire Mortgage Home Loans Review

Golden Empire Mortgage Home Loans is offered by Golden Empire Mortgage (NMLS #2427), a direct lender founded in 1987 and based in Bakersfield, CA. Golden Empire Mortgage Home Loans is available in 7 states across the USA.

• 4 different mortgage programs offered. Golden Empire Mortgage Home Loans offers FHA, HomePath, USDA, VA, conforming, and conventional mortgages.
• Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
• Standard interest rates types. Golden Empire Mortgage Home Loans offers and fixed-rate mortgages.
• Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Golden Empire Mortgage Home Loans does offer financing for primary and secondary homes (e.g. vacation properties).
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

How much can you borrow via Golden Empire Mortgage?

Golden Empire Mortgage allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What mortgage rates does Golden Empire Mortgage offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Does Golden Empire Mortgage charge an application fee?

Do they charge mortgage origination fees?

Yes, Golden Empire Mortgage may charge a loan origination fee.

What mortgage programs are available?

Golden Empire Mortgage offers the following mortgage types:

• Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
• FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
• HomePath: Financing for the purchase and improvement of properties owned by Fannie Mae.
• USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
• VA loans: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.

What property usage types does Golden Empire Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Golden Empire Mortgage allows the following property usage types: 

• Primary home

What is the customer service phone number?

The customer service number for this business card is (661) 328-1600.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.