Mega Capital Funding Mortgage Rates, Fees & Info
CALABASAS, CALEI: 5493006L4FQIQFVFNS72
Tax ID: 95-4671903
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Mortgage Data
Review & Overview
Mega Capital Funding is a mid-sized mortgage company specializing in Refi and Cash Out Refi loans. Mega Capital Funding has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, San Diego, Riverside, San Francisco, and San Jose among others. We have data for 79 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.
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Originations
11,188Origination Dollar Volume (All Markets)
$4,389,920,000Awards
MEGA CAPITAL FUNDING - 2020
MEGA CAPITAL FUNDING is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 5,727 | $2,362,715,000 | $412,557 | $4,716 | 3.12% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1,041 | $415,175,000 | $398,823 | $4,630 | 3.04% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1,167 | $390,555,000 | $334,666 | $4,572 | 3.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 535 | $241,305,000 | $451,037 | $4,180 | 3.02% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 541 | $237,445,000 | $438,900 | $3,351 | 2.91% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 353 | $142,805,000 | $404,547 | $4,248 | 3.07% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 200 | $68,160,000 | $340,800 | $3,932 | 3.03% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 265 | $67,645,000 | $255,264 | $4,135 | 2.58% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 175 | $65,995,000 | $377,114 | $4,441 | 3.18% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 185 | $59,205,000 | $320,027 | $5,599 | 2.73% |
| Outside of Metro Areas | 106 | $45,110,000 | $425,566 | $4,982 | 3.19% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 111 | $40,985,000 | $369,234 | $3,981 | 3.05% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 84 | $33,940,000 | $404,048 | $3,590 | 3.00% |
| STOCKTON, CA (FHA|USDA|VA) | 81 | $26,365,000 | $325,494 | $3,827 | 3.17% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 52 | $18,770,000 | $360,962 | $3,759 | 3.01% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 42 | $17,410,000 | $414,524 | $4,504 | 3.01% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 37 | $14,125,000 | $381,757 | $5,121 | 3.02% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 43 | $13,465,000 | $313,140 | $6,857 | 2.83% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 28 | $10,850,000 | $387,500 | $4,841 | 3.22% |
| MODESTO, CA (FHA|USDA|VA) | 39 | $10,475,000 | $268,590 | $5,120 | 3.19% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 31 | $9,695,000 | $312,742 | $5,887 | 2.73% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 37 | $9,695,000 | $262,027 | $4,873 | 2.92% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 36 | $9,050,000 | $251,389 | $4,608 | 3.26% |
| VALLEJO, CA (FHA|USDA|VA) | 23 | $8,725,000 | $379,348 | $4,344 | 3.32% |
| FRESNO, CA (FHA|USDA|VA) | 29 | $8,375,000 | $288,793 | $3,876 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 16 | $5,150,000 | $321,875 | $3,202 | 3.36% |
| SALINAS, CA (FHA|USDA|VA) | 15 | $4,435,000 | $295,667 | $3,653 | 2.91% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 14 | $4,340,000 | $310,000 | $5,494 | 3.31% |
| VISALIA, CA (FHA|USDA|VA) | 13 | $4,095,000 | $315,000 | $4,025 | 3.30% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $3,815,000 | $293,462 | $4,762 | 2.85% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 17 | $3,525,000 | $207,353 | $5,322 | 3.10% |
| NAPA, CA (FHA|USDA|VA) | 8 | $2,820,000 | $352,500 | $4,698 | 2.98% |
| MERCED, CA (FHA|USDA|VA) | 12 | $2,680,000 | $223,333 | $5,037 | 3.48% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $2,235,000 | $319,286 | $5,644 | 2.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $1,805,000 | $257,857 | $3,876 | 2.98% |
| CHICO, CA (FHA|USDA|VA) | 6 | $1,750,000 | $291,667 | $5,401 | 3.19% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $4,669 | 2.59% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $4,531 | 3.08% |
| Sonora, CA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $3,573 | 3.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $6,200 | 3.25% |
| MADERA, CA (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $3,671 | 2.91% |
| Clearlake, CA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $4,482 | 3.28% |
| EL CENTRO, CA (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $5,269 | 2.81% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $6,040 | 3.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $5,134 | 3.44% |
| REDDING, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $3,001 | 3.50% |
| BEND, OR (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $3,503 | 3.25% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $7,235 | 3.29% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $4,127 | 2.56% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $5,578 | 3.04% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,642 | 2.81% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,894 | 2.63% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,224 | 3.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,680 | 2.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,528 | 2.63% |
| SALEM, OR (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $7,069 | 3.25% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,630 | 2.88% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,207 | 3.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,322 | 3.44% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,286 | 3.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,704 | 3.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,907 | 2.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,711 | 2.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,064 | 2.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,137 | 3.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,222 | 2.63% |
| Key West, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,226 | 2.63% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,498 | 3.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,760 | 2.00% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,687 | 3.13% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,482 | 2.88% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,343 | 3.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,921 | 2.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,474 | 3.75% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,356 | 3.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,932 | 3.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,071 | 2.63% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,403 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,189 | 2.75% |
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.
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Product Mix
For 2020, Mega Capital Funding's most frequently originated type of loan was Conventional, with 10,991 originations. Their 2nd most popular type was VA, with 123 originations.
Loan Reason
For 2020, Mega Capital Funding's most frequently cited loan purpose was Refi, with 6,958 originations. The 2nd most popular reason was Cash Out Refi, with 3,187 originations.
Loan Duration/Length
For 2020, Mega Capital Funding's most frequently cited loan duration was 30 Year, with 8,589 originations. The 2nd most popular length was 15 Year, with 1,901 originations.
Origination Fees/Closing Costs
Mega Capital Funding's average total fees were $4,834, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 6,299 originations.
Interest Rates
During 2020, Mega Capital Funding's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 5,139 originations.
Loan Sizing
2020 saw Mega Capital Funding place emphasis on $200k-400k loans with 5,336 originations, totaling $1,647,560,000 in origination value.
Applicant Income
Mega Capital Funding lent most frequently to those with incomes in the $100k-150k range, with 3,615 originations. The second most popular income band? $150k-250k, with 2,733 originations.
Applicant Debt to Income Ratio
Mega Capital Funding lent most frequently to those with DTI ratios of 20-30%, with 2,507 originations. The next most common DTI ratio? 30-36%, with 2,092 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.81%
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 origination74.08%
Mega Capital Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 11,188 | $4,389,920,000 | $392,378 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 11,188 | $4,389,920,000 | $392,378 |