Mega Capital Funding Mortgage Rates, Fees & Info

CALABASAS, CA

LEI: 5493006L4FQIQFVFNS72

Tax ID: 95-4671903

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

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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

    Mega Capital Funding is a small mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Mega Capital Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, San Francisco, and Oxnard among others. We have data for 61 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mega Capital Funding 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. Mega Capital Funding is typically an average 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.

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    Originations

    4,176

    Origination Dollar Volume (All Markets)

    $1,777,350,000
    Show all (12) 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2,497 $1,129,045,000 $452,161 $6,495 4.03%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 553 $183,995,000 $332,722 $5,813 3.95%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 322 $140,580,000 $436,584 $6,208 3.79%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 135 $67,985,000 $503,593 $6,083 4.07%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 109 $48,695,000 $446,743 $5,729 4.06%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 112 $44,880,000 $400,714 $4,765 3.99%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 78 $40,010,000 $512,949 $4,394 3.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 71 $25,975,000 $365,845 $5,132 3.90%
    STOCKTON, CA (FHA|USDA|VA) 23 $7,785,000 $338,478 $5,355 4.07%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 19 $7,695,000 $405,000 $3,768 3.99%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 19 $7,025,000 $369,737 $5,578 3.91%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 18 $6,820,000 $378,889 $5,272 3.67%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 21 $6,535,000 $311,190 $5,804 3.42%
    BAKERSFIELD, CA (FHA|USDA|VA) 25 $6,505,000 $260,200 $5,478 4.05%
    SALINAS, CA (FHA|USDA|VA) 12 $4,820,000 $401,667 $5,248 4.30%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 16 $4,550,000 $284,375 $6,098 3.52%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $4,395,000 $488,333 $5,292 4.04%
    VALLEJO, CA (FHA|USDA|VA) 14 $4,300,000 $307,143 $4,410 3.96%
    FRESNO, CA (FHA|USDA|VA) 16 $4,050,000 $253,125 $4,404 3.95%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 11 $3,695,000 $335,909 $6,612 3.59%
    NAPA, CA (FHA|USDA|VA) 3 $2,365,000 $788,333 $10,548 3.50%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 5 $1,915,000 $383,000 $5,602 3.95%
    Outside of Metro Areas 7 $1,835,000 $262,143 $6,566 4.43%
    MODESTO, CA (FHA|USDA|VA) 7 $1,565,000 $223,571 $4,248 3.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,410,000 $235,000 $6,074 3.65%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,375,000 $275,000 $5,932 3.63%
    CHICO, CA (FHA|USDA|VA) 4 $1,290,000 $322,500 $3,580 3.81%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,165,000 $233,000 $8,000 4.05%
    MERCED, CA (FHA|USDA|VA) 5 $1,125,000 $225,000 $3,514 3.83%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,035,000 $345,000 $6,047 3.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $995,000 $331,667 $12,744 3.79%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $980,000 $490,000 $2,159 3.69%
    YUBA CITY, CA (FHA|USDA|VA) 4 $770,000 $192,500 $2,829 3.88%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $730,000 $365,000 $5,518 4.06%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $710,000 $355,000 $5,142 5.94%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $620,000 $310,000 $3,564 3.50%
    Cañon City, CO (FHA|USDA|VA) 2 $590,000 $295,000 $10,970 3.31%
    BEND, OR (FHA|USDA|VA) 2 $550,000 $275,000 $3,880 4.25%
    Crescent City, CA (FHA|USDA|VA) 2 $530,000 $265,000 $3,776 3.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $440,000 $220,000 $3,933 3.94%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $425,000 $425,000 $3,544 4.75%
    Clearlake, CA (FHA|USDA|VA) 2 $420,000 $210,000 $5,356 3.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $4,019 3.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $395,000 $395,000 $6,814 3.50%
    GREELEY, CO (FHA|USDA|VA) 1 $385,000 $385,000 $2,220 3.38%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $355,000 $355,000 $5,251 2.63%
    MADERA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $8,402 2.88%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $315,000 $315,000 $4,341 4.13%
    REDDING, CA (FHA|USDA|VA) 1 $315,000 $315,000 $1,747 3.63%
    Red Bluff, CA (FHA|USDA|VA) 1 $305,000 $305,000 $8,260 4.63%
    VISALIA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,611 3.50%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $255,000 $255,000 $3,941 3.38%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $255,000 $255,000 $8,246 4.63%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $4,051 4.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,091 3.38%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $235,000 $235,000 $4,027 3.25%
    TUCSON, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $3,521 3.88%
    SALEM, OR (FHA|USDA|VA) 1 $195,000 $195,000 $2,545 3.25%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $165,000 $165,000 $3,665 4.88%
    OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $6,336 3.63%
    EL CENTRO, CA (FHA|USDA|VA) 1 $145,000 $145,000 $5,476 3.63%
    Mega Capital Funding's top markets include Los Angeles, Riverside, San Diego, San Francisco, and Oxnard among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    SESLOC
    Similarity Rank: 128
    MYPOINT Credit Union
    Similarity Rank: 147
    POWER FINANCIAL
    Similarity Rank: 188
    Educational Employees Credit Union
    Similarity Rank: 204
    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    COMMUNITY FIRST CREDIT UNION
    Similarity Rank: 290
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,839 $1,633,815,000 $425,583 $5,797 4.02%
    FHA 216 $90,710,000 $419,954 $11,592 3.68%
    VA 121 $52,825,000 $436,570 $7,869 3.46%

    For 2019, Mega Capital Funding's most frequently originated type of loan was Conventional, with 3,839 originations. Their 2nd most popular type was FHA, with 216 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,830 $755,370,000 $412,770 $4,977 3.78%
    Home Purchase 1,185 $538,605,000 $454,519 $7,717 4.21%
    Cash Out Refi 1,160 $482,800,000 $416,207 $6,420 4.08%
    Home Improvement 1 $575,000 $575,000 $18,376 3.63%

    For 2019, Mega Capital Funding's most frequently cited loan purpose was Refi, with 1,830 originations. The 2nd most popular reason was Home Purchase, with 1,185 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,691 $1,590,725,000 $430,974 $6,302 4.05%
    15 Year 351 $119,195,000 $339,587 $4,617 3.33%
    20 Year 90 $30,700,000 $341,111 $4,309 3.68%
    30+ year 24 $29,750,000 $1,239,583 $15,378 5.29%
    Other 15 $5,755,000 $383,667 $3,673 3.62%
    10 Year 5 $1,225,000 $245,000 $4,192 3.25%

    For 2019, Mega Capital Funding's most frequently cited loan duration was 30 Year, with 3,691 originations. The 2nd most popular length was 15 Year, with 351 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,202 $891,940,000 $405,059
    $5k+ 843 $439,385,000 $521,216
    $2k-3k 459 $187,915,000 $409,401
    $3k-4k 259 $97,395,000 $376,042
    $4k-5k 237 $92,855,000 $391,793
    $<1k 172 $65,920,000 $383,256

    Mega Capital Funding's average total fees were $6,302, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,202 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,562 $1,040,260,000 $406,034
    4-5% 1,313 $587,095,000 $447,140
    5-6% 156 $93,290,000 $598,013
    2.5-3% 120 $40,870,000 $340,583
    6-7% 14 $11,500,000 $821,429
    <2.5% 5 $1,965,000 $393,000
    7-8% 5 $2,145,000 $429,000
    Over 8% 1 $225,000 $225,000

    During 2019, Mega Capital Funding's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 3-4%, with 2,562 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,742 $549,810,000 $315,620 $5,165 3.90%
    $400k-600k 1,710 $809,490,000 $473,386 $6,383 3.98%
    $600k-1MM 433 $301,115,000 $695,416 $9,061 4.29%
    $100k-200k 227 $37,525,000 $165,308 $4,325 3.88%
    $1MM+ 58 $78,910,000 $1,360,517 $14,913 4.76%
    $100,000 or less 6 $500,000 $83,333 $5,875 4.63%

    2019 saw Mega Capital Funding place emphasis on $200k-400k loans with 1,742 originations, totaling $549,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,365 $600,575,000 $439,982 $6,146 3.99%
    $75k-100k 866 $325,880,000 $376,305 $5,806 3.97%
    $150k-250k 777 $387,915,000 $499,247 $6,344 3.98%
    $50k-75k 608 $184,610,000 $303,635 $5,188 3.94%
    $250k+ 284 $190,650,000 $671,303 $8,719 4.17%
    $50k or less 276 $87,720,000 $317,826 $6,292 3.99%

    Mega Capital Funding lent most frequently to those with incomes in the $100k-150k range, with 1,365 originations. The second most popular income band? $75k-100k, with 866 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 1 $395,000 $395,000 $9,585 3.38%
    37% 1 $265,000 $265,000 $3,989 4.13%

    Mega Capital Funding lent most frequently to those with DTI ratios of <20%, with 1 originations. The next most common DTI ratio? 37%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,014 $857,590,000 $425,814 $6,529 3.99%
    Asian 1,639 $690,435,000 $421,254 $5,627 4.01%
    Not provided 378 $166,550,000 $440,608 $6,355 3.87%
    Black 91 $38,805,000 $426,429 $6,928 4.03%
    Native Hawaiian or Islander 38 $17,440,000 $458,947 $5,594 4.01%
    American Indian 7 $2,385,000 $340,714 $5,813 3.89%
    Asian Indian 4 $2,230,000 $557,500 $8,036 3.88%
    Chinese 2 $740,000 $370,000 $4,241 3.81%
    Samoan 1 $445,000 $445,000 $11,078 3.88%
    Korean 1 $415,000 $415,000 $2,584 3.38%
    Vietnamese 1 $315,000 $315,000 $2,959 4.38%

    Approval Rates

    Total approvals of all applications
    99.36%

    Mega Capital 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 origination
    74.66%

    Mega Capital Funding has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1395.0 3 $1,735,000 $578,333
    1545.0 1 $205,000 $205,000
    NA 4,172 $1,775,410,000 $425,554

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 4,176 $1,777,350,000 $425,611

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    60-80% 1 $265,000 $265,000 $3,989 4.13%
    Under 20% 1 $395,000 $395,000 $9,585 3.38%