Gogo Funding Mortgage Rates, Fees & Info
Diamond Bar, CALEI: 549300FNKIROQ43G1V14
Tax ID: 26-4255813
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Mortgage Data
Review & Overview
Gogo Funding is a smaller mortgage company specializing in NA loans. Gogo Funding has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Jose, San Francisco, and Riverside among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Gogo Funding has an above average approval rate when compared to the average across all lenders.
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Originations
46Origination Dollar Volume (All Markets)
$28,320,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 36 | $24,000,000 | $666,667 | $0 | 8.03% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $2,350,000 | $587,500 | $0 | 8.24% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $0 | 8.49% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 8.74% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $28,320,000 | $615,652 | $0 | 8.13% |
For 2019, Gogo Funding's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| NA | 46 | $28,320,000 | $615,652 | $0 | 8.13% |
For 2019, Gogo Funding's most frequently cited loan purpose was NA, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $28,320,000 | $615,652 | $0 | 8.13% |
For 2019, Gogo Funding's most frequently cited loan duration was Other, with 46 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 24 | $19,930,000 | $830,417 |
| Over 8% | 15 | $5,025,000 | $335,000 |
| 6-7% | 6 | $3,280,000 | $546,667 |
| 5-6% | 1 | $85,000 | $85,000 |
During 2019, Gogo Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 24 originations.
Loan Sizing
2019 saw Gogo Funding place emphasis on $600k-1MM loans with 12 originations, totaling $9,430,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Gogo Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 46 | $28,320,000 | $615,652 |