Monarch Funding Corp. Mortgage Rates, Fees & Info

ANAHEIM, CA

LEI: 549300ULXKJUJDK2RQ54

Tax ID: 95-3363852

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

    Monarch Funding Corp. is a smaller mortgage company specializing in Home Purchase loans. Monarch Funding Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Riverside, Los Angeles, and San Luis Obispo among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Monarch Funding Corp. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Monarch Funding Corp. 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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.50% 12/16/24
    30 Year Conventional Refi 6.18% 12/16/24
    30 Year Cash-out Refi 6.76% 12/16/24
    30 Year FHA Purchase 7.39% 12/16/24
    30 Year VA Purchase 5.94% 12/16/24
    15 Year Conventional Purchase 5.72% 12/16/24
    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.

    Monarch Funding Corp. Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Monarch Funding Corp.. 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

    126

    Origination Dollar Volume (All Markets)

    $45,690,000

    Awards

    MONARCH FUNDING CORP. FHA Loans silver
    Show all (1) 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
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 86 $26,970,000 $313,605 $6,079 4.72%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 39 $18,225,000 $467,308 $6,958 4.74%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $495,000 $495,000 $6,248 4.75%
    Monarch Funding Corp.'s top markets include Riverside, Los Angeles, and San Luis Obispo among others.

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

    • Similar Lenders

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

    FRONTWAVE
    Similarity Rank: 92
    LBS FINANCIAL
    Similarity Rank: 210
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    ALTA VISTA CREDIT UNION
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    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 732
    VENTURA COUNTY
    Similarity Rank: 781
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 816

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $35,100,000 $358,163 $5,213 4.80%
    FHA 16 $5,620,000 $351,250 $11,423 4.41%
    VA 12 $4,970,000 $414,167 $8,899 4.55%

    For 2018, Monarch Funding Corp.'s most frequently originated type of loan was Conventional, with 98 originations. Their 2nd most popular type was FHA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 99 $35,575,000 $359,343 $6,913 4.73%
    Cash Out Refi 19 $6,985,000 $367,632 $4,739 4.76%
    Refi 8 $3,130,000 $391,250 $3,249 4.63%

    For 2018, Monarch Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 121 $44,215,000 $365,413 $6,405 4.75%
    15 Year 5 $1,475,000 $295,000 $5,083 4.13%

    For 2018, Monarch Funding Corp.'s most frequently cited loan duration was 30 Year, with 121 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 43 $14,775,000 $343,605
    $1k-2k 37 $11,465,000 $309,865
    $<1k 32 $12,890,000 $402,813
    $3k-4k 9 $4,095,000 $455,000
    $4k-5k 3 $1,385,000 $461,667
    $5k+ 2 $1,080,000 $540,000

    Monarch Funding Corp.'s average total fees were $6,405, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 43 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 99 $36,145,000 $365,101
    5-6% 23 $7,625,000 $331,522
    3-4% 4 $1,920,000 $480,000

    During 2018, Monarch Funding Corp.'s average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 62 $18,370,000 $296,290 $5,752 4.71%
    $400k-600k 41 $19,365,000 $472,317 $7,396 4.70%
    $100k-200k 14 $2,050,000 $146,429 $4,950 4.96%
    $600k-1MM 9 $5,905,000 $656,111 $7,909 4.64%

    2018 saw Monarch Funding Corp. place emphasis on $200k-400k loans with 62 originations, totaling $18,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 37 $14,395,000 $389,054 $6,882 4.75%
    $150k-250k 31 $13,325,000 $429,839 $6,259 4.69%
    $75k-100k 22 $7,180,000 $326,364 $5,991 4.84%
    $50k-75k 21 $5,525,000 $263,095 $6,026 4.60%
    $250k+ 11 $4,615,000 $419,545 $6,448 4.72%
    $50k or less 4 $650,000 $162,500 $5,612 4.94%

    Monarch Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $150k-250k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 27 $9,215,000 $341,296 $5,634 4.77%
    30-36% 24 $8,900,000 $370,833 $6,010 4.69%
    <20% 14 $4,170,000 $297,857 $5,397 4.75%
    41% 7 $2,545,000 $363,571 $6,655 4.89%
    44% 6 $1,900,000 $316,667 $5,813 4.85%
    40% 6 $1,850,000 $308,333 $9,256 4.52%
    38% 5 $2,025,000 $405,000 $6,264 4.93%
    36% 5 $2,685,000 $537,000 $7,175 4.98%
    45% 5 $1,575,000 $315,000 $5,057 4.63%
    43% 5 $1,885,000 $377,000 $7,767 4.68%
    42% 4 $1,670,000 $417,500 $5,479 4.41%
    47% 4 $2,220,000 $555,000 $10,904 4.59%
    37% 3 $1,185,000 $395,000 $5,140 4.71%
    46% 3 $1,125,000 $375,000 $6,546 4.71%
    50-60% 2 $600,000 $300,000 $9,623 4.44%
    48% 2 $630,000 $315,000 $5,695 4.63%
    49% 2 $860,000 $430,000 $8,905 4.81%
    39% 2 $650,000 $325,000 $5,562 4.69%

    Monarch Funding Corp. lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 116 $42,680,000 $367,931 $6,411 4.73%
    Asian 4 $1,430,000 $357,500 $5,306 4.69%
    Black 3 $745,000 $248,333 $4,222 4.88%
    Native Hawaiian or Islander 2 $540,000 $270,000 $9,170 4.31%
    Not provided 1 $295,000 $295,000 $4,491 4.63%

    Approval Rates

    Total approvals of all applications
    99.25%

    Monarch Funding Corp. 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
    94.44%

    Monarch Funding Corp. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 126 $45,690,000 $362,619

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 126 $45,690,000 $362,619

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $485,000 $161,667 $5,632 4.96%
    40-60% 27 $8,945,000 $331,296 $5,087 4.81%
    60-80% 42 $15,920,000 $379,048 $5,448 4.78%
    80-100% 53 $19,895,000 $375,377 $7,644 4.63%
    Over 100% 1 $445,000 $445,000 $12,190 4.63%