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 small mortgage company specializing in Refi, Cash Out Refi, and Home Purchase 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.) Their top markets by origination volume include: Los Angeles, Riverside, San Diego, San Francisco, and Houston among others. We have data for 75 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
6,587Origination Dollar Volume (All Markets)
$2,749,785,000Awards
MEGA CAPITAL FUNDING - 2021
MEGA CAPITAL FUNDING is a 2021 , due to their low .
For 2021, 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) | 3,157 | $1,437,345,000 | $455,288 | $5,525 | 2.86% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 931 | $341,195,000 | $366,482 | $5,482 | 2.86% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 478 | $203,760,000 | $426,276 | $4,796 | 2.79% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 268 | $148,830,000 | $555,336 | $5,431 | 2.81% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 496 | $133,180,000 | $268,508 | $4,176 | 2.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 168 | $81,490,000 | $485,060 | $3,903 | 2.68% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 190 | $78,280,000 | $412,000 | $4,243 | 2.81% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 129 | $50,965,000 | $395,078 | $4,869 | 2.84% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 109 | $49,575,000 | $454,817 | $5,259 | 2.86% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 125 | $43,245,000 | $345,960 | $4,992 | 2.54% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 65 | $21,695,000 | $333,769 | $7,380 | 3.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 46 | $18,830,000 | $409,348 | $4,832 | 2.80% |
| STOCKTON, CA (FHA|USDA|VA) | 32 | $12,350,000 | $385,938 | $4,799 | 2.82% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 42 | $11,720,000 | $279,048 | $4,315 | 2.89% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 27 | $9,405,000 | $348,333 | $6,204 | 2.52% |
| VALLEJO, CA (FHA|USDA|VA) | 18 | $7,750,000 | $430,556 | $5,532 | 2.91% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 20 | $7,330,000 | $366,500 | $3,360 | 2.66% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 27 | $7,185,000 | $266,111 | $4,605 | 2.67% |
| SALINAS, CA (FHA|USDA|VA) | 18 | $6,930,000 | $385,000 | $5,534 | 2.76% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 17 | $6,725,000 | $395,588 | $4,024 | 2.73% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 13 | $5,925,000 | $455,769 | $3,434 | 2.76% |
| Outside of Metro Areas | 15 | $5,335,000 | $355,667 | $3,807 | 2.68% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 14 | $4,890,000 | $349,286 | $4,622 | 2.75% |
| VISALIA, CA (FHA|USDA|VA) | 18 | $4,880,000 | $271,111 | $4,320 | 2.93% |
| FRESNO, CA (FHA|USDA|VA) | 18 | $4,770,000 | $265,000 | $3,698 | 3.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $3,795,000 | $345,000 | $6,468 | 2.91% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $3,505,000 | $318,636 | $7,672 | 2.91% |
| GAINESVILLE, FL (FHA|USDA|VA) | 14 | $3,390,000 | $242,143 | $3,097 | 2.71% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $2,845,000 | $316,111 | $6,623 | 2.60% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $2,675,000 | $535,000 | $6,870 | 2.90% |
| MODESTO, CA (FHA|USDA|VA) | 8 | $2,660,000 | $332,500 | $4,784 | 2.89% |
| MERCED, CA (FHA|USDA|VA) | 9 | $2,325,000 | $258,333 | $4,266 | 3.04% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $2,010,000 | $335,000 | $5,171 | 2.83% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $4,949 | 2.73% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $4,130 | 2.67% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $15,086 | 2.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $7,567 | 2.83% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $7,584 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $9,091 | 3.38% |
| MADERA, CA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $6,485 | 2.67% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $4,409 | 2.92% |
| Sonora, CA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,155 | 3.04% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,837 | 2.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $14,202 | 3.00% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $4,193 | 2.71% |
| REDDING, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,979 | 2.56% |
| EL CENTRO, CA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,273 | 2.46% |
| CHICO, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,138 | 3.44% |
| NAPA, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $8,693 | 3.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,312 | 2.63% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,604 | 3.38% |
| OCALA, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,637 | 3.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,852 | 3.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,278 | 3.06% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,897 | 3.13% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,498 | 2.25% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,071 | 2.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,273 | 2.50% |
| BEND, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,518 | 2.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,146 | 3.25% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,476 | 2.25% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,481 | 2.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,067 | 3.88% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,779 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,390 | 3.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,314 | 3.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,163 | 2.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,142 | 3.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,714 | 3.13% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,364 | 2.75% |
| Susanville, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,366 | 2.88% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,859 | 3.63% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,083 | 3.00% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,801 | 2.50% |
| Brenham, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,148 | 2.25% |
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 2021, Mega Capital Funding's most frequently originated type of loan was Conventional, with 6,373 originations. Their 2nd most popular type was FHA, with 122 originations.
Loan Reason
For 2021, Mega Capital Funding's most frequently cited loan purpose was Refi, with 3,387 originations. The 2nd most popular reason was Cash Out Refi, with 1,832 originations.
Loan Duration/Length
For 2021, Mega Capital Funding's most frequently cited loan duration was 30 Year, with 5,419 originations. The 2nd most popular length was 15 Year, with 861 originations.
Origination Fees/Closing Costs
Mega Capital Funding's average total fees were $5,537, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,180 originations.
Interest Rates
During 2021, Mega Capital Funding's average interest rate for loans was 2.91%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,827 originations.
Loan Sizing
2021 saw Mega Capital Funding place emphasis on $200k-400k loans with 2,847 originations, totaling $874,235,000 in origination value.
Applicant Income
Mega Capital Funding lent most frequently to those with incomes in the $100k-150k range, with 2,097 originations. The second most popular income band? $75k-100k, with 1,321 originations.
Applicant Debt to Income Ratio
Mega Capital Funding lent most frequently to those with DTI ratios of 20-30%, with 1,236 originations. The next most common DTI ratio? 30-36%, with 1,111 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.92%
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 origination73.68%
Mega Capital Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1495.0 | 1 | $405,000 | $405,000 |
| NA | 6,586 | $2,749,380,000 | $417,458 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,587 | $2,749,785,000 | $417,456 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MEGA CAPITAL FUNDING INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| MEGA CAPITAL FUNDING INC. | Conventional home mortgage | Trouble during payment process | 3 | 75.0% |