Googain Mortgage Rates, Fees & Info

SUNNYVALE, CA

LEI: 549300JOD3S8ZGZLHP53

Tax ID: 90-0186134

5 stars - out of 5 stars, based on 89 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Googain is a mid-sized mortgage company specializing in loans. Googain has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, San Diego, Los Angeles, and Sacramento among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Googain has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Googain is typically an average fee lender. 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 in 2021-- chances are they are still one in 2022.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.26% 8/6/22
    30 Year Conventional Refi 5.20% 8/6/22
    30 Year Cash-out Refi 5.30% 8/6/22
    15 Year Conventional Purchase 4.15% 8/6/22
    15 Year Conventional Refi 4.25% 8/6/22
    15 Year Cash-out Refi 4.25% 8/6/22
    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.


    Originations

    8,000

    Origination Dollar Volume (All Markets)

    $3,875,660,000
    Show all (16) awards

    Relative Rate

    Googain 's average 30 year fixed rate mortgage of loans were 2.94%.

    The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

    This yields a difference of -0.21%.

    Relative Fees

    Googain 's average total fees for a 30 year fixed rate mortgage are $3,090.

    The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

    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
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) » 3,058 $1,605,850,000 $525,131 $2,690 2.68%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) » 2,995 $1,478,655,000 $493,708 $2,875 2.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) » 470 $215,930,000 $459,426 $3,025 2.77%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) » 456 $209,360,000 $459,123 $3,128 2.81%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) » 405 $136,875,000 $337,963 $2,793 2.97%
    STOCKTON, CA (FHA|USDA|VA) » 197 $72,375,000 $367,386 $2,702 3.02%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) » 136 $51,170,000 $376,250 $3,715 3.02%
    VALLEJO, CA (FHA|USDA|VA) » 53 $18,315,000 $345,566 $2,802 3.05%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) » 24 $13,160,000 $548,333 $2,985 2.91%
    FRESNO, CA (FHA|USDA|VA) » 37 $10,945,000 $295,811 $3,496 3.13%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) » 23 $9,875,000 $429,348 $2,424 2.46%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) » 16 $9,460,000 $591,250 $2,679 3.05%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) » 19 $8,415,000 $442,895 $3,055 2.78%
    SALINAS, CA (FHA|USDA|VA) » 19 $7,735,000 $407,105 $2,649 2.76%
    MODESTO, CA (FHA|USDA|VA) » 20 $6,120,000 $306,000 $2,925 3.06%
    MERCED, CA (FHA|USDA|VA) » 24 $5,680,000 $236,667 $2,982 3.38%
    NAPA, CA (FHA|USDA|VA) » 8 $3,280,000 $410,000 $2,523 3.06%
    Outside of Metro Areas 7 $2,305,000 $329,286 $3,631 2.64%
    Truckee-Grass Valley, CA (FHA|USDA|VA) » 7 $2,175,000 $310,714 $2,780 2.80%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) » 5 $2,065,000 $413,000 $3,215 3.20%
    CHICO, CA (FHA|USDA|VA) » 5 $1,485,000 $297,000 $2,835 3.10%
    MADERA, CA (FHA|USDA|VA) » 4 $1,340,000 $335,000 $4,546 3.25%
    BAKERSFIELD, CA (FHA|USDA|VA) » 4 $940,000 $235,000 $2,226 2.75%
    Sonora, CA (FHA|USDA|VA) » 3 $845,000 $281,667 $3,814 2.91%
    VISALIA, CA (FHA|USDA|VA) » 2 $660,000 $330,000 $2,578 2.88%
    YUBA CITY, CA (FHA|USDA|VA) » 2 $400,000 $200,000 $1,889 2.88%
    Clearlake, CA (FHA|USDA|VA) » 1 $245,000 $245,000 $2,930 3.00%

    Googain 's top markets include San Jose, San Francisco, San Diego, Los Angeles, and Sacramento among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional » 8,000 $3,875,660,000 $484,458 $2,836 2.76%

    For the 2021 period, Googain 's most frequently originated loan type of loans were Conventional, with 8,000 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Refi » 5,890 $2,753,300,000 $467,453 $2,453 2.68%
    Cash Out Refi » 1,140 $537,370,000 $471,377 $2,586 2.98%
    Home Purchase » 967 $583,615,000 $603,532 $5,463 2.98%
    Home Improvement » 3 $1,375,000 $458,333 $2,517 2.96%

    For the 2021, Googain 's most frequently cited loan purpose of loans were Refi, with 5,890 originations. The 2nd most popular reason of loans were Cash Out Refi, with 1,140 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year » 5,435 $2,840,005,000 $522,540 $3,090 2.94%
    15 Year » 2,000 $829,110,000 $414,555 $2,312 2.34%
    20 Year » 289 $118,135,000 $408,772 $2,326 2.70%
    10 Year » 249 $77,965,000 $313,112 $2,138 2.15%
    Other » 27 $10,445,000 $386,852 $2,369 2.91%

    For the 2021, Googain 's most frequently cited loan length of loans were 30 Year, with 5,435 originations. The 2nd most popular length of loans were 15 Year, with 2,000 originations.

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $1k-2k » 7,655 $3,629,275,000 $474,105
    $2k-3k » 161 $98,975,000 $614,752
    $3k-4k » 81 $54,695,000 $675,247
    $5k+ » 67 $62,915,000 $939,030
    $4k-5k » 36 $29,800,000 $827,778

    $3,090 of loans were Googain 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 7,655 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% » 3,247 $1,709,765,000 $526,568
    <2.5% » 2,606 $1,176,420,000 $451,427
    3-4% » 2,118 $969,840,000 $457,904
    4-5% » 29 $19,635,000 $677,069

    During 2021, Googain 's average interest rate of loans were 2.94%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,247 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k » 3,370 $1,664,620,000 $493,953 $2,650 2.70%
    $200k-400k » 2,754 $859,950,000 $312,255 $2,436 2.77%
    $600k-1MM » 1,517 $1,123,155,000 $740,379 $3,766 2.84%
    $100k-200k » 212 $36,030,000 $169,953 $2,211 2.87%
    $1MM+ » 144 $191,630,000 $1,330,764 $5,972 2.86%
    $100,000 or less » 3 $275,000 $91,667 $3,272 3.33%

    2021 saw Googain place emphasis on $400k-600k loans with 3,370 originations, totaling $1,664,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k » 3,519 $1,746,765,000 $496,381 $2,772 2.69%
    $250k+ » 1,938 $1,062,520,000 $548,256 $3,047 2.90%
    $100k-150k » 1,649 $749,665,000 $454,618 $2,781 2.71%
    $75k-100k » 515 $198,845,000 $386,107 $2,698 2.74%
    $50k-75k » 306 $94,650,000 $309,314 $2,722 2.78%
    $50k or less » 69 $20,315,000 $294,420 $2,894 3.12%

    Googain lent most frequently to those with incomes in the $150k-250k range, with 3,519 originations. The second most popular income band? $250k+, with 1,938 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% » 2,017 $931,975,000 $462,060 $2,548 2.62%
    30-36% » 1,661 $846,605,000 $509,696 $2,911 2.74%
    <20% » 568 $233,550,000 $411,180 $2,451 2.60%
    39% » 312 $158,910,000 $509,327 $3,050 2.82%
    41% » 310 $160,540,000 $517,871 $3,072 2.84%
    40% » 300 $151,110,000 $503,700 $3,184 2.88%
    42% » 292 $145,240,000 $497,397 $3,043 2.90%
    37% » 289 $143,195,000 $495,484 $2,862 2.78%
    36% » 289 $151,025,000 $522,578 $2,849 2.77%
    38% » 281 $147,195,000 $523,826 $2,994 2.81%
    44% » 279 $139,015,000 $498,262 $3,053 2.85%
    43% » 273 $133,195,000 $487,894 $2,831 2.99%
    45% » 269 $127,255,000 $473,067 $2,933 2.89%
    46% » 263 $128,095,000 $487,053 $2,950 2.90%
    47% » 236 $109,140,000 $462,458 $2,990 2.89%
    48% » 229 $105,255,000 $459,629 $3,091 2.91%
    49% » 117 $58,025,000 $495,940 $3,646 2.85%
    50-60% » 10 $4,080,000 $408,000 $2,412 2.90%

    Googain lent most frequently to those with DTI ratios of 20-30%, with 2,017 originations. The next most common DTI ratio? 30-36%, with 1,661 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian » 6,958 $3,375,930,000 $485,187 $2,846 2.76%
    Not provided » 581 $285,645,000 $491,644 $2,806 2.80%
    White » 418 $193,390,000 $462,656 $2,689 2.72%
    Chinese » 13 $6,695,000 $515,000 $2,641 2.76%
    Black » 12 $5,400,000 $450,000 $4,196 3.05%
    Asian Indian » 9 $5,055,000 $561,667 $2,762 2.72%
    Native Hawaiian or Islander » 5 $1,965,000 $393,000 $2,416 2.88%
    American Indian » 1 $485,000 $485,000 $1,932 2.25%
    Japanese » 1 $425,000 $425,000 $2,584 3.38%
    Other Asian » 1 $385,000 $385,000 $2,176 2.63%
    Vietnamese » 1 $285,000 $285,000 $2,053 2.00%

    Approval Rates

    Total approvals of all applications
    99.92%

    Googain has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.96%

    Googain has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,000 $3,875,660,000 $484,458

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    » 8,000 $3,875,660,000 $484,458

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% » 2,005 $774,715,000 $386,392 $2,484 2.67%
    40-60% » 3,754 $1,839,220,000 $489,936 $2,534 2.71%
    60-80% » 1,871 $1,098,295,000 $587,010 $3,659 2.95%
    80-100% » 153 $89,655,000 $585,980 $5,006 2.97%
    Under 20% » 217 $73,775,000 $339,977 $2,679 2.58%