Monarch Funding Corp. Mortgage Rates, Fees & Info
ANAHEIM, CALEI: 549300ULXKJUJDK2RQ54
Tax ID: 95-3363852
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Monarch Funding Corp. is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi 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: Los Angeles, Riverside, San Diego, San Luis Obispo, and Bakersfield among others. We have data for 5 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
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
192Origination Dollar Volume (All Markets)
$80,410,000Awards
MONARCH FUNDING CORP. - 2019
MONARCH FUNDING CORP. is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for MONARCH FUNDING CORP.?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 81 | $41,735,000 | $515,247 | $5,015 | 4.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 106 | $36,060,000 | $340,189 | $4,722 | 4.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $4,552 | 3.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $9,121 | 4.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,133 | 4.50% |
Their top states include:
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.
Similarity Rank: 220
Similarity Rank: 290
Similarity Rank: 464
Similarity Rank: 912
Similarity Rank: 951
Similarity Rank: 1107
Similarity Rank: 1176
Similarity Rank: 1260
Similarity Rank: 1296
Similarity Rank: 1368
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 158 | $65,530,000 | $414,747 | $3,978 | 4.17% |
| FHA | 17 | $6,185,000 | $363,824 | $9,618 | 3.89% |
| VA | 17 | $8,695,000 | $511,471 | $8,483 | 3.98% |
For 2019, Monarch Funding Corp.'s most frequently originated type of loan was Conventional, with 158 originations. Their 2nd most popular type was FHA, with 17 originations.
Loan Reason
For 2019, Monarch Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 62 originations.
Loan Duration/Length
For 2019, Monarch Funding Corp.'s most frequently cited loan duration was 30 Year, with 179 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
Monarch Funding Corp.'s average total fees were $5,021, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 66 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 104 | $46,210,000 | $444,327 |
| 4-5% | 76 | $30,020,000 | $395,000 |
| 5-6% | 12 | $4,180,000 | $348,333 |
During 2019, Monarch Funding Corp.'s average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 3-4%, with 104 originations.
Loan Sizing
2019 saw Monarch Funding Corp. place emphasis on $200k-400k loans with 77 originations, totaling $22,865,000 in origination value.
Applicant Income
Monarch Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $150k-250k, with 49 originations.
Applicant Debt to Income Ratio
Monarch Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 40 originations. The next most common DTI ratio? 20-30%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination93.75%
Monarch Funding Corp. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2828.2 | 1 | $445,000 | $445,000 |
| NA | 191 | $79,965,000 | $418,665 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $345,000 | $345,000 |
| Single Family (1-4 Units):Site-Built | 191 | $80,065,000 | $419,188 |