Adjustable Rate Mortgage (ARM): The Adjustable Rate Mortgage is a home loan option where the interest rate on the loan changes. The benefits of an ARM is that typically the interest rate will be lower than a fixed rate loan, in addition after the fixed rate period of the loan ends your interest rate may decrease which will reduce your monthly payment. Adversely after the fixed rate period ends your interest rate may rise which will increase your monthly payment, another downside to an ARM is that because of the flux in interest rates your payment may change as well, making it difficult to predict what your payment will be in the future.

Adjustable Rate Mortgage’s typically work well for individuals who want:

  • The lowest available mortgage rate
  • May be eligible or looking to refinance in the future
  • To reduce the overall cost of their mortgage

FHA Loan: The FHA Loan is a loan option that is popular with many individuals due to its lower down payment and easier lending restrictions. An FHA Loan is a loan that is insured by the Federal Housing Administration and in return a borrower will pay mortgage insurance to protect the lender in the event that the borrower defaults. FHA Loans often have lower interest rates and easier restrictions because the FHA loan is backed by the Federal Housing Administration and insured.

FHA Loans usually work well for individuals who want:

  • A lower down payment
  • Easier credit and qualification restrictions

Fixed Rate Mortgage: The Fixed Rate Mortgage is the most typical type of home loan option, with a Fixed Rate Mortgage the interest rate stays the same throughout the life of the loan, because the interest rate remains the same, the principal and interest on the loan will remain the same as well - this is one of the perks of having a Fixed Rate Mortgage. A disadvantage however is that you will usually have a higher interest rate than an Adjustable Rate Mortgage. Typical Fixed Rate Mortgages are the 30 year and the 15 year fixed.

Fixed Rate Mortgages typically work well for individuals who:

  • Plan on staying in their home for several years
  • Prefer a mortgage payment that is fixed and does not change

Contact one of our experienced Loan Professionals today to find out more about how GEM Mortgage can help choose the perfect home loan option for your financing needs.

Our Loan Programs

Of course, we offer the standard conforming and non-conforming, conventional and government loan programs which are offered throughout the industry. However, we are always working to develop new and innovative financing options to help you help your clients achieve the dream of home ownership!

Our GEM Platinum Program, for example, allows you to combine an FHA 30 year fixed with a 3% grant to help your buyers hold onto their liquid assets as reserves or to add the finishing touches it takes to personalize a new home.

Conv. Jumbo
FHA Jumbo

Fixed Rate Mortgages

  • 30 Year Fixed
  • 20 Year Fixed
  • 15 Year Fixed
  • 10 Year Fixed

Adjustable Rate Mortgages

  • 1 Year Fixed / ARM
  • 3 Year Fixed / ARM
  • 5 Year Fixed / ARM
  • 7 Year Fixed / ARM
  • 10 Year Fixed / ARM

Buyer Assistance Programs

  • GEM Platinum (99.5 LTV w/ 3% Grant)
  • HomePath, Home Possible, and MyCommunity

Property Types

  • Single Family Residence
  • 2-4 Units
  • Townhouses
  • Condos
  • High Rise Condos
  • USDA – Up to 20 Acres

* Programs listed are a sampling of GEM loan products.

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Golden Empire Mortgage, Inc. ("GEM") [NMLS ID No. 2427] is a California corporation whose principal business office is located at 1200 Discovery Drive, Ste. 300, Bakersfield, California 93309. GEM is a residential mortgage lender and servicer licensed by the Department of Business Oversight pursuant to the California Residential Mortgage Lending Act under license no. 413-0360. GEM conducts residential mortgage lending activities in the following additional states as follows:

Arizona: GEM conducts business in the state of Arizona as Golden Empire Mortgage, Inc. under Mortgage Bankers license no. 0906440 issued by the Arizona Department of Financial Institutions.

Colorado: GEM conducts business in the state of Colorado pursuant to a Mortgage Company Registration issued by the Colorado Division of Real Estate.

Oregon: GEM conducts business in the state of Oregon under Mortgage Lending License no. ML-2891 issued by the Division of Finance and Corporate Securities, Department of Consumer and Business Services.

Texas: GEM conducts business in the state of Texas as GEM Mortgage, Inc. pursuant to a Mortgage Bankers Registration issued by the Texas Department of Savings and Mortgage Lending. Notice to Texas Loan Applicants

Washington: GEM conducts business in the state of Washington under Consumer Loan Company License no. CL-2427 issued by the Washington Division of Consumer Services, Department of Financial Institutions.

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