Guaranteed Rate Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300U3721PJGQZYY68

Tax ID: 36-4327855

2020 Data | 2019 Data | 2018 Data


Overview

Guaranteed Rate is a large mortgage company specializing in Home Purchase and Refi loans. Guaranteed Rate has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Chicago, Cambridge, Boston, Oakland, and Los Angeles among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Guaranteed Rate is typically an average fee lendor.


Originations

135,591

Origination Dollar Volume (All Markets)

$47,236,695,000

Relative Rate

Guaranteed Rate 's average 30 year fixed rate mortgage was 3.18%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.18%.

Relative Fees

Guaranteed Rate 's average total fees for a 30 year fixed rate mortgage are $5,108.

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 $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 108,318 $38,945,630,000 $359,549 $4,116 3.18%
VA 13,502 $4,901,320,000 $363,007 $5,589 2.75%
FHA 12,717 $3,190,415,000 $250,878 $8,892 3.17%
USDA 1,054 $199,330,000 $189,118 $5,600 3.01%

For the 2020 period, Guaranteed Rate 's most frequently originated loan type was Conventional, with 108,318 originations. Their 2nd most popular type is VA, with 13,502 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 71,185 $23,605,105,000 $331,602 $5,853 3.11%
Refi 52,706 $19,773,360,000 $375,163 $3,314 3.11%
Cash Out Refi 11,700 $3,858,230,000 $329,763 $4,361 3.37%

For the 2020, Guaranteed Rate 's most frequently cited loan purpose was Home Purchase, with 71,185 originations. The 2nd most popular reason was Refi, with 52,706 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 113,014 $40,995,070,000 $362,743 $5,016 3.19%
15 Year 13,551 $3,736,335,000 $275,724 $3,222 2.76%
20 Year 6,921 $2,026,435,000 $292,795 $3,067 3.14%
Other 1,132 $368,540,000 $325,565 $3,182 3.17%
10 Year 842 $103,890,000 $123,385 $2,743 2.24%
5 Year 124 $1,270,000 $10,242 $0 0.00%
30+ year 6 $5,150,000 $858,333 $5,198 4.88%
3 Year 1 $5,000 $5,000 $0 0.00%

For the 2020, Guaranteed Rate 's most frequently cited loan length was 30 Year, with 113,014 originations. The 2nd most popular length was 15 Year, with 13,551 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 89,225 $31,561,405,000 $353,728
$<1k 15,138 $4,638,340,000 $306,404
$2k-3k 11,357 $3,621,645,000 $318,891
$3k-4k 8,839 $3,194,935,000 $361,459
$5k+ 4,507 $2,471,815,000 $548,439

$5,108 was Guaranteed Rate 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 89,225 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CHICAGO-NAPERVILLE-EVANSTON, IL 24,536 $7,794,340,000 $317,670 $4,004 3.15%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 6,403 $3,021,585,000 $471,901 $4,126 3.15%
BOSTON, MA 4,135 $1,972,505,000 $477,027 $4,169 3.17%
Outside of Metro Areas 6,609 $1,744,565,000 $263,968 $4,536 3.12%
OAKLAND-BERKELEY-LIVERMORE, CA 2,466 $1,619,540,000 $656,748 $5,370 3.11%
LOS ANGELES-LONG BEACH-GLENDALE, CA 2,545 $1,523,455,000 $598,607 $5,606 3.18%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 2,312 $1,112,230,000 $481,068 $5,253 2.96%
DENVER-AURORA-LAKEWOOD, CO 2,398 $968,380,000 $403,828 $3,884 3.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 1,813 $946,065,000 $521,823 $6,462 3.03%
NEWARK, NJ-PA 2,095 $925,335,000 $441,687 $5,925 3.11%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 2,471 $827,735,000 $334,980 $3,679 3.12%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 1,018 $824,610,000 $810,029 $5,302 3.14%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 1,796 $771,380,000 $429,499 $6,097 3.16%
DALLAS-PLANO-IRVING, TX 2,118 $687,430,000 $324,566 $6,167 3.13%
PHILADELPHIA, PA 2,080 $636,010,000 $305,774 $5,510 3.07%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 2,286 $634,070,000 $277,371 $4,940 3.08%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 781 $630,865,000 $807,766 $4,673 3.07%
ANAHEIM-SANTA ANA-IRVINE, CA 1,035 $621,645,000 $600,623 $5,225 3.17%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 2,297 $610,925,000 $265,966 $6,066 3.14%
SEATTLE-BELLEVUE-KENT, WA 1,150 $606,400,000 $527,304 $4,897 3.13%
CINCINNATI, OH-KY-IN 2,437 $586,155,000 $240,523 $3,066 3.13%
PHOENIX-MESA-CHANDLER, AZ 1,748 $562,280,000 $321,670 $4,335 3.24%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1,675 $561,425,000 $335,179 $5,643 3.06%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,935 $548,775,000 $283,605 $5,437 3.12%
ELGIN, IL 2,079 $503,065,000 $241,975 $4,266 3.12%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1,345 $485,745,000 $361,149 $5,453 3.11%
URBAN HONOLULU, HI 802 $464,350,000 $578,990 $8,689 2.83%
WILMINGTON, NC 1,479 $423,775,000 $286,528 $5,042 3.08%
OXNARD-THOUSAND OAKS-VENTURA, CA 733 $368,975,000 $503,377 $5,073 3.20%
NEW BRUNSWICK-LAKEWOOD, NJ 944 $347,570,000 $368,189 $5,223 3.11%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,087 $337,555,000 $310,538 $4,710 3.23%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 1,324 $336,300,000 $254,003 $4,942 3.13%
LAS VEGAS-HENDERSON-PARADISE, NV 1,188 $333,670,000 $280,867 $5,265 3.24%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 998 $332,270,000 $332,936 $5,431 3.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 891 $330,985,000 $371,476 $5,623 3.11%
KANSAS CITY, MO-KS 1,252 $325,580,000 $260,048 $3,640 3.17%
RALEIGH-CARY, NC 1,056 $318,980,000 $302,064 $4,027 3.12%
PROVIDENCE-WARWICK, RI-MA 849 $280,075,000 $329,888 $4,284 3.14%
COLUMBUS, OH 1,048 $271,080,000 $258,664 $4,826 3.17%
SAN RAFAEL, CA 344 $268,230,000 $779,738 $5,408 3.17%
WORCESTER, MA-CT 834 $261,960,000 $314,101 $4,248 3.13%
BOISE CITY, ID 867 $261,485,000 $301,597 $5,264 3.18%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 980 $255,610,000 $260,827 $5,784 3.18%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 788 $250,310,000 $317,652 $5,497 3.17%
GARY, IN 1,049 $247,205,000 $235,658 $3,788 3.23%
COLORADO SPRINGS, CO 669 $226,645,000 $338,782 $6,136 2.87%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 585 $223,635,000 $382,282 $4,504 3.04%
BRIDGEPORT-STAMFORD-NORWALK, CT 552 $214,860,000 $389,239 $5,322 3.12%
BOULDER, CO 447 $211,295,000 $472,696 $3,777 3.11%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 668 $207,580,000 $310,749 $4,266 3.15%
KAHULUI-WAILUKU-LAHAINA, HI 394 $202,890,000 $514,949 $6,971 3.13%
BALTIMORE-COLUMBIA-TOWSON, MD 579 $200,085,000 $345,570 $4,831 3.04%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 627 $198,045,000 $315,861 $5,704 3.28%
SAN ANTONIO-NEW BRAUNFELS, TX 744 $198,020,000 $266,156 $6,430 3.17%
SALT LAKE CITY, UT 599 $195,975,000 $327,170 $4,928 3.18%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 816 $194,510,000 $238,370 $4,417 3.14%
SANTA ROSA-PETALUMA, CA 355 $180,835,000 $509,394 $5,551 3.13%
ST. LOUIS, MO-IL 878 $176,500,000 $201,025 $3,567 3.20%
SAN LUIS OBISPO-PASO ROBLES, CA 350 $164,700,000 $470,571 $5,817 3.13%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 441 $155,475,000 $352,551 $4,006 3.16%
CAMDEN, NJ 640 $154,130,000 $240,828 $4,865 2.93%
NASSAU COUNTY-SUFFOLK COUNTY, NY 337 $148,935,000 $441,944 $6,177 3.15%
BARNSTABLE TOWN, MA 361 $135,615,000 $375,665 $4,104 3.16%
SANTA MARIA-SANTA BARBARA, CA 242 $134,830,000 $557,149 $4,571 3.34%
NORTH PORT-SARASOTA-BRADENTON, FL 438 $132,660,000 $302,877 $5,093 3.20%
NEW HAVEN-MILFORD, CT 504 $126,030,000 $250,060 $4,968 3.14%
MILWAUKEE-WAUKESHA, WI 485 $125,375,000 $258,505 $3,139 3.24%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 343 $123,825,000 $361,006 $4,196 3.12%
ORLANDO-KISSIMMEE-SANFORD, FL 415 $119,285,000 $287,434 $5,901 3.16%
PROVO-OREM, UT 307 $108,945,000 $354,870 $5,144 3.14%
EL PASO, TX 498 $107,760,000 $216,386 $6,256 3.15%
DETROIT-DEARBORN-LIVONIA, MI 331 $103,755,000 $313,459 $3,228 3.27%
JACKSONVILLE, NC 455 $101,645,000 $223,396 $5,061 2.93%
GREEN BAY, WI 486 $99,440,000 $204,609 $3,361 3.18%
WARREN-TROY-FARMINGTON HILLS, MI 372 $96,410,000 $259,167 $3,260 3.20%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 188 $93,810,000 $498,989 $5,580 3.04%
INDIANAPOLIS-CARMEL-ANDERSON, IN 366 $91,370,000 $249,645 $3,231 3.16%
MIAMI-MIAMI BEACH-KENDALL, FL 249 $89,345,000 $358,815 $6,371 3.29%
VISALIA, CA 423 $89,175,000 $210,816 $5,868 2.95%
TUCSON, AZ 381 $89,115,000 $233,898 $4,566 3.09%
OGDEN-CLEARFIELD, UT 260 $81,370,000 $312,962 $5,455 3.05%
OCEAN CITY, NJ 189 $79,105,000 $418,545 $4,779 3.13%
TACOMA-LAKEWOOD, WA 210 $76,560,000 $364,571 $5,531 3.08%
JACKSONVILLE, FL 308 $74,710,000 $242,565 $5,745 3.20%
SANTA CRUZ-WATSONVILLE, CA 111 $73,725,000 $664,189 $5,340 3.12%
CAPE CORAL-FORT MYERS, FL 279 $73,075,000 $261,918 $4,933 3.24%
MANCHESTER-NASHUA, NH 227 $70,815,000 $311,960 $3,878 3.15%
ASHEVILLE, NC 261 $70,265,000 $269,215 $4,558 3.22%
PITTSBURGH, PA 340 $70,070,000 $206,088 $4,905 3.04%
DURHAM-CHAPEL HILL, NC 243 $69,895,000 $287,634 $3,775 3.24%
MADISON, WI 242 $68,400,000 $282,645 $3,360 3.11%
SIOUX FALLS, SD 295 $67,055,000 $227,305 $4,362 3.04%
WILMINGTON, DE-MD-NJ 265 $66,435,000 $250,698 $5,279 3.14%
CORPUS CHRISTI, TX 280 $61,870,000 $220,964 $5,937 3.29%
NEW BERN, NC 294 $61,430,000 $208,946 $4,430 3.03%
RENO, NV 175 $61,245,000 $349,971 $6,124 3.18%
SPRINGFIELD, MA 268 $60,270,000 $224,888 $4,868 3.08%
GREENSBORO-HIGH POINT, NC 253 $55,075,000 $217,688 $4,327 3.22%
NAPLES-MARCO ISLAND, FL 147 $53,885,000 $366,565 $5,062 3.21%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 147 $51,355,000 $349,354 $4,036 2.97%
PORTLAND-SOUTH PORTLAND, ME 149 $50,465,000 $338,691 $3,825 3.21%
FLORENCE, SC 267 $49,615,000 $185,824 $5,166 3.10%
ROCHESTER, MN 247 $49,075,000 $198,684 $4,780 2.88%
GREENVILLE-ANDERSON, SC 197 $45,935,000 $233,173 $3,986 3.21%
CLEVELAND-ELYRIA, OH 223 $45,915,000 $205,897 $4,340 3.09%
ANCHORAGE, AK 135 $45,355,000 $335,963 $5,183 2.64%
CHARLESTON-NORTH CHARLESTON, SC 133 $45,345,000 $340,940 $4,546 3.16%
BISMARCK, ND 174 $44,690,000 $256,839 $6,135 3.05%
ATHENS-CLARKE COUNTY, GA 190 $44,290,000 $233,105 $5,294 3.23%
PORT ST. LUCIE, FL 173 $44,065,000 $254,711 $5,412 3.12%
GRAND RAPIDS-KENTWOOD, MI 175 $43,225,000 $247,000 $3,630 3.25%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 144 $42,610,000 $295,903 $6,010 3.14%
GREELEY, CO 122 $42,380,000 $347,377 $4,060 3.09%
OKLAHOMA CITY, OK 167 $42,305,000 $253,323 $4,603 3.09%
ATLANTIC CITY-HAMMONTON, NJ 149 $42,125,000 $282,718 $4,364 3.01%
NILES, MI 134 $40,830,000 $304,701 $3,240 3.20%
FORT COLLINS, CO 113 $40,085,000 $354,735 $5,178 3.20%
PALM BAY-MELBOURNE-TITUSVILLE, FL 146 $37,240,000 $255,068 $5,987 3.05%
WINSTON-SALEM, NC 188 $36,660,000 $195,000 $4,329 3.15%
TULSA, OK 164 $36,350,000 $221,646 $6,198 3.11%
SALISBURY, MD-DE 132 $36,230,000 $274,470 $4,994 3.06%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 156 $35,650,000 $228,526 $5,140 3.25%
HARRISBURG-CARLISLE, PA 160 $34,520,000 $215,750 $4,504 3.16%
FORT WAYNE, IN 193 $34,405,000 $178,264 $3,243 3.51%
ALBANY-SCHENECTADY-TROY, NY 145 $34,205,000 $235,897 $6,169 3.21%
VALLEJO, CA 89 $34,185,000 $384,101 $4,842 3.16%
NORWICH-NEW LONDON, CT 120 $34,010,000 $283,417 $5,253 3.03%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 141 $33,945,000 $240,745 $5,458 3.15%
KILLEEN-TEMPLE, TX 164 $33,220,000 $202,561 $5,825 3.01%
SALINAS, CA 55 $32,745,000 $595,364 $5,776 3.21%
STOCKTON, CA 84 $32,110,000 $382,262 $4,251 3.19%
READING, PA 166 $32,090,000 $193,313 $5,891 3.17%
LAKELAND-WINTER HAVEN, FL 145 $31,995,000 $220,655 $6,218 3.15%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 84 $31,630,000 $376,548 $5,024 3.00%
RICHMOND, VA 102 $30,490,000 $298,922 $4,381 3.12%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 68 $29,990,000 $441,029 $6,518 2.95%
BEAUMONT-PORT ARTHUR, TX 159 $29,375,000 $184,748 $6,312 3.39%
ABILENE, TX 150 $29,200,000 $194,667 $6,115 3.29%
APPLETON, WI 142 $28,940,000 $203,803 $3,448 3.14%
SAVANNAH, GA 114 $27,810,000 $243,947 $5,153 3.00%
YORK-HANOVER, PA 129 $26,815,000 $207,868 $5,064 3.06%
NAPA, CA 45 $26,625,000 $591,667 $4,518 3.29%
BEND, OR 52 $25,050,000 $481,731 $5,275 3.11%
ELKHART-GOSHEN, IN 131 $24,815,000 $189,427 $4,373 2.98%
SOUTH BEND-MISHAWAKA, IN-MI 122 $24,360,000 $199,672 $3,621 3.08%
FRESNO, CA 83 $23,835,000 $287,169 $4,432 3.12%
ANN ARBOR, MI 76 $23,450,000 $308,553 $3,088 3.17%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 173 $23,165,000 $133,902 $3,543 3.03%
TALLAHASSEE, FL 114 $22,700,000 $199,123 $5,079 3.06%
PUNTA GORDA, FL 102 $22,560,000 $221,176 $4,977 3.16%
SANTA FE, NM 60 $22,330,000 $372,167 $6,354 3.33%
ROANOKE, VA 108 $20,860,000 $193,148 $6,227 3.40%
PEORIA, IL 137 $20,625,000 $150,547 $3,612 2.98%
WAUSAU-WESTON, WI 128 $19,660,000 $153,594 $3,779 3.46%
MISSOULA, MT 68 $19,610,000 $288,382 $5,333 3.10%
CHARLOTTESVILLE, VA 55 $19,295,000 $350,818 $4,643 3.09%
AKRON, OH 98 $18,710,000 $190,918 $4,017 3.04%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 127 $18,705,000 $147,283 $3,295 2.81%
BRUNSWICK, GA 71 $18,595,000 $261,901 $4,718 3.14%
FLINT, MI 120 $18,300,000 $152,500 $4,379 3.40%
BAKERSFIELD, CA 70 $17,920,000 $256,000 $4,644 2.97%
LAS CRUCES, NM 81 $17,875,000 $220,679 $7,293 3.11%
MEMPHIS, TN-MS-AR 77 $17,305,000 $224,740 $4,568 3.27%
KINGSPORT-BRISTOL, TN-VA 94 $16,970,000 $180,532 $4,872 3.01%
NEW ORLEANS-METAIRIE, LA 51 $16,715,000 $327,745 $5,211 3.34%
HILTON HEAD ISLAND-BLUFFTON, SC 42 $16,430,000 $391,190 $4,480 3.12%
JOHNSON CITY, TN 89 $16,355,000 $183,764 $4,258 2.97%
COEUR D'ALENE, ID 36 $16,220,000 $450,556 $4,981 3.37%
FAYETTEVILLE, NC 75 $15,855,000 $211,400 $4,065 2.96%
KNOXVILLE, TN 59 $15,425,000 $261,441 $3,723 3.13%
GAINESVILLE, GA 56 $15,420,000 $275,357 $5,477 3.24%
TRENTON-PRINCETON, NJ 52 $15,310,000 $294,423 $4,651 3.09%
MICHIGAN CITY-LA PORTE, IN 64 $15,270,000 $238,594 $3,280 3.28%
ROCHESTER, NY 90 $15,270,000 $169,667 $4,753 3.45%
PRESCOTT VALLEY-PRESCOTT, AZ 54 $15,240,000 $282,222 $4,592 3.14%
SPRINGFIELD, MO 80 $15,050,000 $188,125 $3,570 3.35%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 81 $14,845,000 $183,272 $4,754 2.81%
MODESTO, CA 46 $13,770,000 $299,348 $4,210 3.12%
ROCKFORD, IL 83 $13,585,000 $163,675 $4,030 2.92%
YUMA, AZ 58 $13,230,000 $228,103 $3,792 3.16%
KANKAKEE, IL 67 $12,255,000 $182,910 $4,011 3.17%
LAKE HAVASU CITY-KINGMAN, AZ 56 $12,100,000 $216,071 $4,829 3.11%
PENSACOLA-FERRY PASS-BRENT, FL 44 $12,070,000 $274,318 $5,495 2.84%
OSHKOSH-NEENAH, WI 70 $11,950,000 $170,714 $2,957 3.12%
SPARTANBURG, SC 53 $11,515,000 $217,264 $5,090 3.18%
RACINE, WI 49 $11,495,000 $234,592 $2,957 3.25%
HICKORY-LENOIR-MORGANTON, NC 61 $11,295,000 $185,164 $4,207 3.26%
DOVER, DE 49 $11,125,000 $227,041 $5,389 3.49%
ALBUQUERQUE, NM 39 $10,395,000 $266,538 $4,423 3.22%
FARGO, ND-MN 43 $10,065,000 $234,070 $6,027 2.81%
SPOKANE-SPOKANE VALLEY, WA 27 $9,885,000 $366,111 $4,397 3.05%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 42 $9,860,000 $234,762 $3,640 3.17%
DAYTON-KETTERING, OH 50 $9,430,000 $188,600 $3,501 3.24%
LANCASTER, PA 40 $9,200,000 $230,000 $5,717 2.92%
CHAMPAIGN-URBANA, IL 52 $8,970,000 $172,500 $3,454 3.03%
MCALLEN-EDINBURG-MISSION, TX 39 $8,595,000 $220,385 $4,345 3.20%
HUNTSVILLE, AL 29 $8,505,000 $293,276 $5,421 2.94%
OMAHA-COUNCIL BLUFFS, NE-IA 31 $8,435,000 $272,097 $3,445 3.03%
SEBASTIAN-VERO BEACH, FL 43 $7,985,000 $185,698 $4,397 3.19%
SALEM, OR 23 $7,865,000 $341,957 $4,713 3.34%
WENATCHEE, WA 13 $7,845,000 $603,462 $6,458 3.18%
OLYMPIA-LACEY-TUMWATER, WA 24 $7,840,000 $326,667 $5,506 2.92%
PUEBLO, CO 34 $7,780,000 $228,824 $6,006 2.80%
GLENS FALLS, NY 41 $7,775,000 $189,634 $6,128 3.12%
ST. GEORGE, UT 21 $7,525,000 $358,333 $4,654 3.11%
PITTSFIELD, MA 24 $7,340,000 $305,833 $4,493 3.06%
FLAGSTAFF, AZ 21 $7,315,000 $348,333 $4,138 3.28%
CARBONDALE-MARION, IL 56 $7,180,000 $128,214 $3,784 3.48%
BIRMINGHAM-HOOVER, AL 21 $6,935,000 $330,238 $4,203 3.28%
GREENVILLE, NC 35 $6,855,000 $195,857 $4,148 3.10%
MADERA, CA 20 $6,760,000 $338,000 $5,036 2.84%
EAST STROUDSBURG, PA 31 $6,435,000 $207,581 $4,762 3.03%
BURLINGTON, NC 32 $6,360,000 $198,750 $4,093 3.36%
DAPHNE-FAIRHOPE-FOLEY, AL 20 $6,350,000 $317,500 $2,970 3.18%
MIDLAND, TX 19 $6,225,000 $327,632 $6,300 3.42%
CHATTANOOGA, TN-GA 25 $6,225,000 $249,000 $2,918 3.11%
KINGSTON, NY 20 $6,020,000 $301,000 $5,768 3.05%
ST. CLOUD, MN 31 $6,005,000 $193,710 $5,404 2.81%
SHERMAN-DENISON, TX 27 $5,995,000 $222,037 $4,446 3.37%
SCRANTON--WILKES-BARRE, PA 30 $5,810,000 $193,667 $4,472 2.89%
BROWNSVILLE-HARLINGEN, TX 30 $5,810,000 $193,667 $5,120 3.14%
LONGVIEW, WA 19 $5,725,000 $301,316 $5,604 2.94%
BUFFALO-CHEEKTOWAGA, NY 28 $5,720,000 $204,286 $4,513 3.30%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 21 $5,715,000 $272,143 $2,957 3.17%
WINCHESTER, VA-WV 17 $5,605,000 $329,706 $5,281 3.22%
JANESVILLE-BELOIT, WI 27 $5,385,000 $199,444 $4,667 3.16%
OCALA, FL 29 $5,375,000 $185,345 $5,050 3.24%
CLARKSVILLE, TN-KY 26 $5,330,000 $205,000 $3,224 2.82%
KALAMAZOO-PORTAGE, MI 20 $5,190,000 $259,500 $4,363 3.10%
PANAMA CITY, FL 19 $5,035,000 $265,000 $5,097 3.16%
HINESVILLE, GA 29 $4,775,000 $164,655 $4,752 3.15%
DULUTH, MN-WI 21 $4,755,000 $226,429 $4,480 2.97%
COLUMBIA, SC 23 $4,735,000 $205,870 $4,007 3.09%
DES MOINES-WEST DES MOINES, IA 19 $4,645,000 $244,474 $2,890 3.30%
LYNCHBURG, VA 22 $4,640,000 $210,909 $4,191 3.19%
BLOOMINGTON, IL 21 $4,555,000 $216,905 $2,968 2.90%
AUGUSTA-RICHMOND COUNTY, GA-SC 23 $4,355,000 $189,348 $4,023 3.15%
GAINESVILLE, FL 18 $4,290,000 $238,333 $4,536 3.21%
KENNEWICK-RICHLAND, WA 11 $4,215,000 $383,182 $3,874 3.28%
LUBBOCK, TX 18 $4,200,000 $233,333 $5,422 3.14%
SHEBOYGAN, WI 22 $4,190,000 $190,455 $3,136 3.01%
CALIFORNIA-LEXINGTON PARK, MD 11 $4,165,000 $378,636 $5,166 3.02%
LA CROSSE-ONALASKA, WI-MN 18 $4,090,000 $227,222 $3,796 2.98%
DOTHAN, AL 24 $4,070,000 $169,583 $3,034 2.91%
TOLEDO, OH 21 $4,065,000 $193,571 $2,842 3.42%
MOUNT VERNON-ANACORTES, WA 10 $4,000,000 $400,000 $8,258 3.22%
BELLINGHAM, WA 9 $3,975,000 $441,667 $5,860 3.36%
YUBA CITY, CA 9 $3,905,000 $433,889 $3,942 2.92%
MERCED, CA 14 $3,780,000 $270,000 $4,377 2.79%
ELIZABETHTOWN-FORT KNOX, KY 14 $3,730,000 $266,429 $7,235 2.47%
LAFAYETTE-WEST LAFAYETTE, IN 17 $3,575,000 $210,294 $3,551 3.30%
CANTON-MASSILLON, OH 22 $3,520,000 $160,000 $4,823 3.06%
BILLINGS, MT 10 $3,500,000 $350,000 $6,432 2.96%
MUSKEGON, MI 22 $3,480,000 $158,182 $2,947 3.60%
SIOUX CITY, IA-NE-SD 14 $3,470,000 $247,857 $3,761 2.93%
WICHITA, KS 14 $3,260,000 $232,857 $4,174 3.01%
GRAND JUNCTION, CO 12 $3,130,000 $260,833 $3,492 3.55%
SYRACUSE, NY 22 $3,090,000 $140,455 $5,697 3.55%
CHICO, CA 9 $3,085,000 $342,778 $4,159 3.29%
AMARILLO, TX 14 $3,020,000 $215,714 $4,515 3.30%
THE VILLAGES, FL 14 $3,010,000 $215,000 $3,298 3.01%
HANFORD-CORCORAN, CA 14 $3,000,000 $214,286 $6,229 2.75%
LONGVIEW, TX 12 $2,910,000 $242,500 $4,749 2.92%
LEXINGTON-FAYETTE, KY 11 $2,885,000 $262,273 $3,160 3.24%
BLACKSBURG-CHRISTIANSBURG, VA 9 $2,835,000 $315,000 $5,387 3.17%
TYLER, TX 11 $2,815,000 $255,909 $4,827 2.91%
WACO, TX 12 $2,770,000 $230,833 $4,881 3.15%
ST. JOSEPH, MO-KS 16 $2,750,000 $171,875 $3,913 2.99%
JACKSON, MI 10 $2,720,000 $272,000 $3,501 3.08%
CARSON CITY, NV 10 $2,660,000 $266,000 $5,573 2.91%
FOND DU LAC, WI 17 $2,625,000 $154,412 $4,123 3.25%
EL CENTRO, CA 9 $2,625,000 $291,667 $5,839 3.48%
SUMTER, SC 12 $2,610,000 $217,500 $5,519 2.84%
LANSING-EAST LANSING, MI 18 $2,600,000 $144,444 $3,901 3.06%
UTICA-ROME, NY 19 $2,535,000 $133,421 $5,398 3.10%
LEBANON, PA 9 $2,465,000 $273,889 $5,449 2.82%
HOMOSASSA SPRINGS, FL 13 $2,425,000 $186,538 $4,699 3.09%
EUGENE-SPRINGFIELD, OR 9 $2,405,000 $267,222 $5,861 2.94%
SPRINGFIELD, IL 13 $2,375,000 $182,692 $2,457 2.88%
MORRISTOWN, TN 8 $2,330,000 $291,250 $10,369 2.80%
LAWRENCE, KS 8 $2,240,000 $280,000 $4,678 2.97%
COLLEGE STATION-BRYAN, TX 11 $2,225,000 $202,273 $5,111 3.31%
STAUNTON, VA 9 $2,055,000 $228,333 $3,687 2.94%
BURLINGTON-SOUTH BURLINGTON, VT 6 $2,020,000 $336,667 $4,015 3.52%
GETTYSBURG, PA 9 $1,975,000 $219,444 $6,589 2.72%
REDDING, CA 7 $1,955,000 $279,286 $2,797 3.28%
MEDFORD, OR 5 $1,945,000 $389,000 $6,324 3.28%
YAKIMA, WA 7 $1,935,000 $276,429 $3,637 3.21%
MANKATO, MN 10 $1,910,000 $191,000 $4,646 3.24%
CORVALLIS, OR 5 $1,885,000 $377,000 $4,404 3.25%
VINELAND-BRIDGETON, NJ 13 $1,835,000 $141,154 $4,571 2.64%
LOGAN, UT-ID 6 $1,790,000 $298,333 $3,664 3.21%
VALDOSTA, GA 10 $1,660,000 $166,000 $3,933 3.31%
SIERRA VISTA-DOUGLAS, AZ 8 $1,660,000 $207,500 $4,604 3.16%
FARMINGTON, NM 5 $1,655,000 $331,000 $3,550 3.00%
ALBANY-LEBANON, OR 5 $1,655,000 $331,000 $5,817 3.08%
HAGERSTOWN-MARTINSBURG, MD-WV 8 $1,630,000 $203,750 $2,435 2.72%
JACKSON, MS 6 $1,620,000 $270,000 $3,707 3.10%
MONROE, MI 9 $1,535,000 $170,556 $3,430 3.28%
VICTORIA, TX 6 $1,520,000 $253,333 $7,319 3.08%
TWIN FALLS, ID 6 $1,460,000 $243,333 $6,079 3.10%
ROCKY MOUNT, NC 6 $1,440,000 $240,000 $5,535 3.19%
CHEYENNE, WY 5 $1,415,000 $283,000 $3,100 2.93%
LEWISTON, ID-WA 8 $1,410,000 $176,250 $5,227 3.58%
GOLDSBORO, NC 8 $1,400,000 $175,000 $2,991 3.08%
SAGINAW, MI 8 $1,360,000 $170,000 $5,112 3.56%
TEXARKANA, TX-AR 5 $1,335,000 $267,000 $4,226 2.85%
BANGOR, ME 7 $1,335,000 $190,714 $4,685 3.25%
CHAMBERSBURG-WAYNESBORO, PA 6 $1,260,000 $210,000 $5,080 2.81%
LAWTON, OK 5 $1,245,000 $249,000 $8,138 2.83%
HATTIESBURG, MS 6 $1,240,000 $206,667 $2,532 2.89%
IDAHO FALLS, ID 5 $1,225,000 $245,000 $5,851 3.27%
MOBILE, AL 5 $1,175,000 $235,000 $3,569 2.58%
WICHITA FALLS, TX 7 $1,135,000 $162,143 $4,867 3.21%
LAFAYETTE, LA 6 $1,130,000 $188,333 $3,413 2.81%
MACON-BIBB COUNTY, GA 5 $1,125,000 $225,000 $4,730 3.42%
COLUMBUS, IN 6 $1,120,000 $186,667 $2,955 3.19%
GULFPORT-BILOXI, MS 6 $1,070,000 $178,333 $3,683 3.25%
IOWA CITY, IA 5 $1,065,000 $213,000 $2,440 2.88%
WARNER ROBINS, GA 5 $1,035,000 $207,000 $4,729 2.93%
WALLA WALLA, WA 3 $975,000 $325,000 $2,460 3.00%
SAN ANGELO, TX 5 $975,000 $195,000 $3,094 2.80%
BATTLE CREEK, MI 5 $975,000 $195,000 $3,519 3.32%
SEBRING-AVON PARK, FL 5 $965,000 $193,000 $4,914 3.02%
ODESSA, TX 4 $920,000 $230,000 $3,897 3.75%
MONTGOMERY, AL 9 $905,000 $100,556 $2,754 3.46%
LAREDO, TX 3 $895,000 $298,333 $3,346 3.13%
WATERLOO-CEDAR FALLS, IA 7 $885,000 $126,429 $2,861 3.32%
ALTOONA, PA 5 $865,000 $173,000 $5,508 3.13%
KOKOMO, IN 5 $865,000 $173,000 $3,807 2.95%
RAPID CITY, SD 4 $860,000 $215,000 $2,841 3.03%
BLOOMINGTON, IN 4 $850,000 $212,500 $3,954 2.94%
TOPEKA, KS 4 $810,000 $202,500 $4,023 3.00%
HOT SPRINGS, AR 4 $800,000 $200,000 $3,541 2.75%
CEDAR RAPIDS, IA 4 $800,000 $200,000 $2,817 4.18%
GRAND FORKS, ND-MN 5 $775,000 $155,000 $1,879 2.96%
TUSCALOOSA, AL 2 $750,000 $375,000 $3,069 3.43%
STATE COLLEGE, PA 3 $745,000 $248,333 $5,882 2.87%
LINCOLN, NE 3 $685,000 $228,333 $3,589 3.46%
DECATUR, AL 3 $685,000 $228,333 $3,071 4.00%
EVANSVILLE, IN-KY 4 $680,000 $170,000 $3,462 3.19%
ITHACA, NY 3 $665,000 $221,667 $5,030 2.87%
FORT SMITH, AR-OK 4 $640,000 $160,000 $2,538 2.97%
LEWISTON-AUBURN, ME 2 $640,000 $320,000 $2,419 3.06%
EAU CLAIRE, WI 3 $635,000 $211,667 $1,930 2.91%
MANHATTAN, KS 3 $625,000 $208,333 $4,302 2.58%
MANSFIELD, OH 4 $620,000 $155,000 $3,493 2.90%
CASPER, WY 2 $610,000 $305,000 $2,998 3.00%
BECKLEY, WV 4 $590,000 $147,500 $4,760 2.94%
POCATELLO, ID 4 $560,000 $140,000 $4,473 3.66%
JACKSON, TN 2 $530,000 $265,000 $4,587 3.06%
TERRE HAUTE, IN 3 $515,000 $171,667 $3,544 3.41%
AUBURN-OPELIKA, AL 3 $515,000 $171,667 $2,748 3.08%
CAPE GIRARDEAU, MO-IL 3 $505,000 $168,333 $2,971 2.92%
JOPLIN, MO 3 $505,000 $168,333 $5,368 2.83%
MUNCIE, IN 3 $475,000 $158,333 $2,825 3.29%
AMES, IA 3 $475,000 $158,333 $2,373 3.04%
BLOOMSBURG-BERWICK, PA 1 $465,000 $465,000 $6,134 3.38%
DECATUR, IL 4 $460,000 $115,000 $1,309 3.34%
WATERTOWN-FORT DRUM, NY 2 $440,000 $220,000 $9,064 2.56%
BOWLING GREEN, KY 2 $430,000 $215,000 $2,205 3.81%
HARRISONBURG, VA 2 $420,000 $210,000 $4,361 3.00%
SHREVEPORT-BOSSIER CITY, LA 2 $400,000 $200,000 $2,544 2.69%
COLUMBUS, GA-AL 5 $395,000 $79,000 $2,494 3.68%
MORGANTOWN, WV 2 $390,000 $195,000 $2,362 2.69%
FLORENCE-MUSCLE SHOALS, AL 2 $380,000 $190,000 $1,834 3.25%
COLUMBIA, MO 3 $365,000 $121,667 $2,311 2.87%
SPRINGFIELD, OH 2 $350,000 $175,000 $2,543 3.00%
ROME, GA 2 $340,000 $170,000 $1,892 2.69%
CUMBERLAND, MD-WV 2 $320,000 $160,000 $6,360 2.81%
ALEXANDRIA, LA 1 $285,000 $285,000 $13,005 2.50%
CHARLESTON, WV 2 $270,000 $135,000 $3,197 4.06%
BINGHAMTON, NY 1 $245,000 $245,000 $3,704 2.63%
BAY CITY, MI 1 $245,000 $245,000 $6,232 3.63%
BATON ROUGE, LA 2 $240,000 $120,000 $5,266 2.81%
LIMA, OH 2 $240,000 $120,000 $3,158 2.94%
HOUMA-THIBODAUX, LA 1 $235,000 $235,000 $1,705 3.13%
HUNTINGTON-ASHLAND, WV-KY-OH 1 $235,000 $235,000 $2,928 3.38%
JOHNSTOWN, PA 2 $230,000 $115,000 $4,481 3.31%
ERIE, PA 1 $215,000 $215,000 $2,296 2.75%
ENID, OK 1 $205,000 $205,000 $4,468 3.63%
FAIRBANKS, AK 1 $205,000 $205,000 $0 2.25%
LAKE CHARLES, LA 1 $195,000 $195,000 $8,893 4.63%
WHEELING, WV-OH 1 $195,000 $195,000 $2,373 3.13%
CLEVELAND, TN 1 $185,000 $185,000 $2,838 3.13%
DANVILLE, IL 2 $150,000 $75,000 $2,182 2.81%
MONROE, LA 1 $135,000 $135,000 $7,472 3.75%
GADSDEN, AL 1 $125,000 $125,000 $3,102 2.25%
PARKERSBURG-VIENNA, WV 1 $85,000 $85,000 $5,639 3.25%
WEIRTON-STEUBENVILLE, WV-OH 1 $85,000 $85,000 $3,074 2.99%
ANNISTON-OXFORD, AL 1 $65,000 $65,000 $0 4.25%
PINE BLUFF, AR 1 $25,000 $25,000 $1,403 3.50%

Guaranteed Rate 's top markets include Chicago, Cambridge, Boston, Oakland, and Los Angeles among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 62,847 $22,038,935,000 $350,676
2.5-3% 56,742 $20,361,620,000 $358,846
<2.5% 10,969 $3,513,795,000 $320,339
4-5% 4,519 $1,219,075,000 $269,767
5-6% 484 $100,860,000 $208,388
7-8% 22 $150,000 $6,818
6-7% 7 $2,045,000 $292,143

During 2020, Guaranteed Rate 's average interest rate was 3.18%, while their most frequently originated rate bucket was 3-4%, with 62,847 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 63,272 $18,376,080,000 $290,430 $4,569 3.13%
$400k-600k 27,444 $13,187,550,000 $480,526 $5,004 3.12%
$100k-200k 26,661 $4,194,465,000 $157,326 $3,940 3.21%
$600k-1MM 11,038 $8,091,280,000 $733,039 $6,178 3.12%
$100,000 or less 4,776 $294,720,000 $61,709 $3,350 2.85%
$1MM+ 2,400 $3,092,600,000 $1,288,583 $7,735 3.13%

2020 saw Guaranteed Rate place emphasis on $200k-400k loans with 63,272 originations, totaling $18,376,080,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 32,154 $11,002,700,000 $342,188 $4,705 3.16%
$150k-250k 28,418 $12,456,110,000 $438,318 $4,685 3.16%
$50k-75k 22,852 $4,986,450,000 $218,206 $4,892 3.12%
$75k-100k 21,832 $6,089,300,000 $278,916 $4,931 3.15%
$250k+ 14,598 $9,097,340,000 $623,191 $5,018 3.16%
$50k or less 10,418 $1,618,570,000 $155,363 $4,453 3.13%

Guaranteed Rate lent most frequently to those with incomes in the $100k-150k range, with 32,154 originations. The second most popular income band? $150k-250k, with 28,418 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 31,283 $11,247,235,000 $359,532 $4,170 3.13%
30-36% 25,272 $9,030,550,000 $357,334 $4,604 3.15%
<20% 10,386 $3,643,190,000 $350,779 $3,721 3.08%
44% 5,276 $1,603,870,000 $303,994 $5,282 3.22%
42% 5,142 $1,868,860,000 $363,450 $5,324 3.19%
39% 4,830 $1,747,950,000 $361,894 $4,986 3.21%
40% 4,788 $1,700,510,000 $355,161 $5,035 3.19%
41% 4,738 $1,705,190,000 $359,897 $5,183 3.17%
43% 4,698 $1,453,670,000 $309,423 $5,103 3.20%
38% 4,643 $1,656,025,000 $356,671 $4,911 3.18%
37% 4,483 $1,596,985,000 $356,231 $4,841 3.17%
36% 4,476 $1,597,860,000 $356,984 $4,830 3.16%
50-60% 4,209 $1,282,305,000 $304,658 $8,288 3.06%
45% 3,521 $1,119,825,000 $318,042 $5,155 3.19%
49% 3,410 $1,084,300,000 $317,977 $5,513 3.17%
48% 2,989 $950,895,000 $318,131 $5,411 3.16%
47% 2,936 $943,890,000 $321,488 $5,384 3.16%
46% 2,929 $917,835,000 $313,361 $5,264 3.16%
>60% 262 $99,190,000 $378,588 $6,892 2.83%

Guaranteed Rate lent most frequently to those with DTI ratios of 20-30%, with 31,283 originations. The next most common DTI ratio? 30-36%, with 25,272 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 96,352 $32,689,890,000 $339,276 $4,592 3.14%
Not provided 23,165 $8,558,355,000 $369,452 $4,813 3.13%
Asian 7,162 $3,054,860,000 $426,537 $4,776 3.09%
Black 5,832 $1,642,260,000 $281,595 $6,129 3.11%
Asian Indian 958 $484,080,000 $505,303 $4,777 3.05%
American Indian 712 $218,710,000 $307,177 $5,433 3.09%
Chinese 268 $134,390,000 $501,455 $4,935 3.07%
Other Asian 340 $132,750,000 $390,441 $5,341 3.05%
Filipino 282 $111,880,000 $396,738 $5,828 3.08%
Native Hawaiian 154 $63,300,000 $411,039 $6,107 3.11%
Korean 107 $44,995,000 $420,514 $5,157 3.07%
Japanese 102 $44,170,000 $433,039 $4,999 3.09%
Vietnamese 70 $30,530,000 $436,143 $4,576 3.07%
Other Pacific Islander 47 $13,255,000 $282,021 $5,320 2.97%
Guamanian 19 $5,755,000 $302,895 $6,003 3.03%
Native Hawiian 12 $4,820,000 $401,667 $4,994 3.26%
Samoan 9 $2,695,000 $299,444 $4,804 3.24%

Approval Rates

Total approvals of all applications
94.99%

Guaranteed Rate has an average approval rate.

Pick Rate

Approvals leading to origination
53.64%

Guaranteed Rate has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 135,591 $47,236,695,000 $348,376

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 450 $76,860,000 $170,800
Single Family (1-4 Units):Site-Built 135,141 $47,159,835,000 $348,968

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 4,683 $1,420,295,000 $303,287 $3,417 3.02%
40-60% 16,658 $6,092,210,000 $365,723 $3,462 3.05%
60-80% 45,777 $17,825,375,000 $389,396 $3,996 3.23%
80-100% 64,217 $20,817,425,000 $324,173 $5,295 3.14%
Over 100% 2,683 $978,725,000 $364,788 $12,066 2.85%
Under 20% 1,573 $102,665,000 $65,267 $3,569 1.62%