Googain Mortgage Rates, Fees & Info

SUNNYVALE, CA

LEI: 549300JOD3S8ZGZLHP53

Tax ID: 90-0186134

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Googain is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Googain has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, San Diego, Sacramento, and Stockton among others. We have data for 23 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 a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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 the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    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 5.73% 4/18/24
    30 Year Conventional Refi 6.11% 4/18/24
    30 Year Cash-out Refi 6.19% 4/18/24
    15 Year Conventional Purchase 5.69% 4/18/24
    15 Year Conventional Refi 5.65% 4/18/24
    15 Year Cash-out Refi 5.65% 4/18/24
    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.

    Googain Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Googain. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,395

    Origination Dollar Volume (All Markets)

    $760,695,000
    Show all (5) awards

    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) 586 $384,130,000 $655,512 $3,803 4.42%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 467 $253,225,000 $542,238 $4,160 4.53%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 81 $34,735,000 $428,827 $4,565 4.39%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 89 $27,575,000 $309,831 $3,323 4.71%
    STOCKTON, CA (FHA|USDA|VA) 57 $19,885,000 $348,860 $3,843 4.67%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 35 $15,265,000 $436,143 $5,186 4.52%
    SALINAS, CA (FHA|USDA|VA) 10 $3,350,000 $335,000 $3,427 4.60%
    VALLEJO, CA (FHA|USDA|VA) 10 $3,220,000 $322,000 $3,150 5.06%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 6 $3,040,000 $506,667 $4,179 4.87%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $2,445,000 $489,000 $3,607 4.33%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $2,365,000 $337,857 $3,440 4.54%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $2,305,000 $461,000 $3,322 4.32%
    MERCED, CA (FHA|USDA|VA) 10 $1,970,000 $197,000 $3,140 4.78%
    FRESNO, CA (FHA|USDA|VA) 10 $1,640,000 $164,000 $3,095 4.94%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,330,000 $665,000 $3,685 5.81%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,145,000 $381,667 $3,482 5.17%
    MODESTO, CA (FHA|USDA|VA) 4 $1,120,000 $280,000 $2,849 4.81%
    CHICO, CA (FHA|USDA|VA) 2 $570,000 $285,000 $3,399 5.38%
    YUBA CITY, CA (FHA|USDA|VA) 2 $360,000 $180,000 $2,343 5.19%
    Outside of Metro Areas 1 $345,000 $345,000 $6,396 3.50%
    Sonora, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,999 4.75%
    MADERA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $2,600 5.50%
    EL CENTRO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,866 5.25%
    Googain's top markets include San Jose, San Francisco, San Diego, Sacramento, and Stockton among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against GOOGAIN based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Monterey Credit Union
    Similarity Rank: 16
    SANTA CLARA COUNTY
    Similarity Rank: 20
    MYPOINT Credit Union
    Similarity Rank: 55
    Montecito Bank & Trust
    Similarity Rank: 126
    FRONTWAVE
    Similarity Rank: 176
    Valley First Credit Union
    Similarity Rank: 187
    CBC Federal Credit Union
    Similarity Rank: 189
    LBS FINANCIAL
    Similarity Rank: 210
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 216
    Educational Employees Credit Union
    Similarity Rank: 224

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,395 $760,695,000 $545,301 $3,947 4.51%

    For 2018, Googain's most frequently originated type of loan was Conventional, with 1,395 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 772 $462,230,000 $598,744 $4,987 4.61%
    Cash Out Refi 377 $182,995,000 $485,398 $2,703 4.58%
    Refi 243 $114,335,000 $470,514 $2,596 4.07%
    Home Improvement 2 $910,000 $455,000 $1,443 4.43%
    Other 1 $225,000 $225,000 $2,240 4.63%

    For 2018, Googain's most frequently cited loan purpose was Home Purchase, with 772 originations. The 2nd most popular reason was Cash Out Refi, with 377 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,234 $703,340,000 $569,968 $4,102 4.58%
    15 Year 134 $48,310,000 $360,522 $2,766 3.96%
    20 Year 22 $7,620,000 $346,364 $2,834 4.46%
    10 Year 5 $1,425,000 $285,000 $2,277 3.55%

    For 2018, Googain's most frequently cited loan duration was 30 Year, with 1,234 originations. The 2nd most popular length was 15 Year, with 134 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,146 $601,880,000 $525,201
    $1k-2k 128 $67,500,000 $527,344
    $2k-3k 50 $31,670,000 $633,400
    $3k-4k 31 $24,615,000 $794,032
    $5k+ 28 $29,570,000 $1,056,071
    $4k-5k 7 $2,965,000 $423,571

    Googain's average total fees were $4,102, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,146 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 876 $480,730,000 $548,779
    3-4% 285 $159,915,000 $561,105
    5-6% 228 $116,320,000 $510,175
    6-7% 4 $2,880,000 $720,000
    2.5-3% 1 $335,000 $335,000
    7-8% 1 $515,000 $515,000

    During 2018, Googain's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 876 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 446 $214,760,000 $481,525 $3,581 4.50%
    $200k-400k 423 $130,365,000 $308,191 $3,290 4.51%
    $600k-1MM 355 $256,215,000 $721,732 $4,393 4.53%
    $1MM+ 115 $150,205,000 $1,306,130 $6,904 4.43%
    $100k-200k 55 $9,075,000 $165,000 $2,871 4.66%
    $100,000 or less 1 $75,000 $75,000 $3,747 5.88%

    2018 saw Googain place emphasis on $400k-600k loans with 446 originations, totaling $214,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 504 $275,870,000 $547,361 $3,788 4.45%
    $100k-150k 351 $165,615,000 $471,838 $3,910 4.51%
    $250k+ 310 $240,630,000 $776,226 $4,540 4.56%
    $75k-100k 122 $45,980,000 $376,885 $3,547 4.55%
    $50k-75k 81 $24,155,000 $298,210 $3,711 4.52%
    $50k or less 27 $8,445,000 $312,778 $3,078 4.87%

    Googain lent most frequently to those with incomes in the $150k-250k range, with 504 originations. The second most popular income band? $100k-150k, with 351 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 268 $142,220,000 $530,672 $3,749 4.43%
    20-30% 172 $76,410,000 $444,244 $3,232 4.27%
    42% 88 $58,550,000 $665,341 $4,545 4.46%
    48% 77 $40,825,000 $530,195 $3,884 4.59%
    39% 72 $48,720,000 $676,667 $4,256 4.47%
    47% 72 $36,690,000 $509,583 $3,850 4.73%
    41% 69 $40,405,000 $585,580 $4,023 4.54%
    49% 69 $32,435,000 $470,072 $4,508 4.75%
    45% 61 $30,455,000 $499,262 $3,886 4.64%
    38% 60 $36,330,000 $605,500 $4,093 4.49%
    43% 59 $28,655,000 $485,678 $3,688 4.73%
    46% 59 $31,025,000 $525,847 $4,187 4.57%
    40% 58 $41,270,000 $711,552 $4,490 4.48%
    44% 52 $24,950,000 $479,808 $3,639 4.75%
    36% 50 $30,540,000 $610,800 $3,790 4.41%
    37% 49 $25,295,000 $516,224 $4,118 4.54%
    <20% 39 $15,535,000 $398,333 $2,771 4.25%
    50-60% 11 $8,325,000 $756,818 $5,618 5.01%
    >60% 8 $10,550,000 $1,318,750 $13,576 4.72%

    Googain lent most frequently to those with DTI ratios of 30-36%, with 268 originations. The next most common DTI ratio? 20-30%, with 172 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 1,252 $687,360,000 $549,010 $3,974 4.51%
    White 82 $41,300,000 $503,659 $3,660 4.49%
    Not provided 52 $26,740,000 $514,231 $3,779 4.57%
    Black 3 $2,125,000 $708,333 $4,151 4.58%
    Korean 2 $1,150,000 $575,000 $3,658 4.88%
    Asian Indian 2 $840,000 $420,000 $3,386 4.56%
    Native Hawaiian or Islander 1 $725,000 $725,000 $2,465 5.13%
    Chinese 1 $455,000 $455,000 $5,021 4.00%

    Approval Rates

    Total approvals of all applications
    98.74%

    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
    79.86%

    Googain has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    2673.5 1 $485,000 $485,000
    NA 1,394 $760,210,000 $545,344

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,395 $760,695,000 $545,301

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 248 $108,180,000 $436,210 $2,856 4.21%
    40-60% 346 $188,480,000 $544,740 $3,539 4.46%
    60-80% 635 $370,865,000 $584,039 $4,434 4.66%
    80-100% 118 $76,420,000 $647,627 $5,314 4.67%
    Under 20% 48 $16,750,000 $348,958 $2,711 4.11%