Megastar Financial Corp. Mortgage Rates, Fees & Info
Denver, COLEI: 549300WKFR15017V9850
Tax ID: 84-1496821
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Mortgage Data
Review & Overview
Megastar Financial Corp. is a smaller mortgage company specializing in Home Purchase loans. Megastar Financial Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Minneapolis, Kansas City, Fort Collins, and Greeley among others. We have data for 97 markets. (Some data included below & more in-depth data is available with an active subscription.)Megastar Financial Corp. 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. Megastar Financial 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 | 6.77% | 9/1/24 |
| 30 Year Conventional Refi | 6.59% | 9/1/24 |
| 30 Year Cash-out Refi | 6.89% | 9/1/24 |
| 30 Year FHA Purchase | 7.42% | 9/1/24 |
| 30 Year FHA Refi | 7.40% | 9/1/24 |
| 30 Year VA Purchase | 6.25% | 9/1/24 |
| 30 Year VA Refi | 6.27% | 9/1/24 |
| 30 Year USDA Purchase | 6.77% | 9/1/24 |
| 15 Year Conventional Purchase | 6.35% | 9/1/24 |
| 15 Year Conventional Refi | 6.14% | 9/1/24 |
| 15 Year Cash-out Refi | 6.14% | 9/1/24 |
| 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. | ||
Megastar Financial Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,823Origination Dollar Volume (All Markets)
$712,285,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 611 | $291,295,000 | $476,751 | $7,092 | 4.90% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 331 | $110,145,000 | $332,764 | $6,830 | 5.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 170 | $40,310,000 | $237,118 | $4,597 | 5.21% |
| FORT COLLINS, CO (FHA|USDA|VA) | 72 | $33,660,000 | $467,500 | $6,300 | 4.74% |
| GREELEY, CO (FHA|USDA|VA) | 80 | $30,340,000 | $379,250 | $7,913 | 5.00% |
| Breckenridge, CO (FHA|USDA|VA) | 50 | $24,840,000 | $496,800 | $5,799 | 4.77% |
| REDDING, CA (FHA|USDA|VA) | 70 | $19,980,000 | $285,429 | $7,593 | 4.94% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 33 | $19,595,000 | $593,788 | $15,085 | 4.39% |
| Outside of Metro Areas | 54 | $16,310,000 | $302,037 | $6,581 | 4.65% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 41 | $14,535,000 | $354,512 | $9,131 | 4.82% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 44 | $14,480,000 | $329,091 | $6,860 | 4.93% |
| BOULDER, CO (FHA|USDA|VA) | 20 | $13,590,000 | $679,500 | $7,349 | 4.75% |
| MODESTO, CA (FHA|USDA|VA) | 24 | $8,480,000 | $353,333 | $9,273 | 4.80% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 20 | $7,260,000 | $363,000 | $6,535 | 4.81% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 20 | $5,250,000 | $262,500 | $7,554 | 4.95% |
| Edwards, CO (FHA|USDA|VA) | 9 | $4,845,000 | $538,333 | $8,005 | 5.26% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $3,985,000 | $362,273 | $6,061 | 4.89% |
| Steamboat Springs, CO (FHA|USDA|VA) | 6 | $3,420,000 | $570,000 | $5,518 | 4.19% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $3,365,000 | $673,000 | $9,636 | 4.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,400,000 | $400,000 | $6,752 | 4.08% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $2,120,000 | $530,000 | $8,862 | 4.72% |
| Bozeman, MT (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $8,193 | 3.96% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,465,000 | $488,333 | $7,093 | 4.58% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $1,435,000 | $1,435,000 | $5,026 | 4.63% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $5,531 | 3.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $23,594 | 4.88% |
| Douglas, GA (FHA|USDA|VA) | 7 | $1,245,000 | $177,857 | $6,506 | 5.43% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $10,857 | 6.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $3,591 | 5.06% |
| Red Bluff, CA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $8,313 | 5.50% |
| Sonora, CA (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $6,921 | 5.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $6,322 | 5.08% |
| Cañon City, CO (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $9,119 | 5.72% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $14,389 | 4.75% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $8,780 | 4.21% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $8,615 | 5.19% |
| CHICO, CA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $7,977 | 5.25% |
| Grand Rapids, MN (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,551 | 6.17% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $8,598 | 4.25% |
| Laramie, WY (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $6,271 | 4.06% |
| GREEN BAY, WI (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $6,405 | 5.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $6,226 | 5.44% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,479 | 4.88% |
| DULUTH, MN-WI (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $6,740 | 5.22% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $6,214 | 5.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,706 | 7.00% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $8,019 | 4.81% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $7,007 | 3.88% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,329 | 5.56% |
| Sterling, CO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $10,552 | 4.69% |
| CHEYENNE, WY (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,677 | 4.71% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,486 | 5.06% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,730 | 4.69% |
| Susanville, CA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $7,212 | 3.88% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,734 | 5.50% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $7,507 | 7.63% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,731 | 5.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,768 | 3.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,978 | 5.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $19,714 | 4.13% |
| Bemidji, MN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,218 | 5.13% |
| APPLETON, WI (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $5,169 | 4.54% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,273 | 4.13% |
| Durango, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,644 | 5.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $18,897 | 6.25% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,810 | 3.38% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,615 | 6.13% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,231 | 6.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,952 | 3.50% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,922 | 3.88% |
| Alexandria, MN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,013 | 4.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,029 | 4.63% |
| Vernal, UT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,833 | 3.75% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,710 | 5.63% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,420 | 5.50% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,666 | 7.25% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,111 | 3.88% |
| Red Wing, MN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,613 | 5.69% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,327 | 3.75% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,754 | 4.38% |
| West Plains, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,540 | 3.38% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,787 | 3.63% |
| MERCED, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,791 | 4.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,790 | 6.13% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,009 | 3.88% |
| Craig, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,020 | 3.00% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,444 | 4.75% |
| Taos, NM (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,219 | 3.38% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,809 | 3.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,709 | 6.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,795 | 5.88% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,557 | 6.13% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,106 | 7.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,273 | 6.38% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,182 | 4.50% |
| Atchison, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,605 | 6.13% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,831 | 5.00% |
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Product Mix
For 2022, Megastar Financial Corp.'s most frequently originated type of loan was Conventional, with 1,520 originations. Their 2nd most popular type was FHA, with 220 originations.
Loan Reason
For 2022, Megastar Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 1,427 originations. The 2nd most popular reason was Cash Out Refi, with 271 originations.
Loan Duration/Length
For 2022, Megastar Financial Corp.'s most frequently cited loan duration was 30 Year, with 1,739 originations. The 2nd most popular length was 15 Year, with 53 originations.
Origination Fees/Closing Costs
Megastar Financial Corp.'s average total fees were $7,121, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 884 originations.
Interest Rates
During 2022, Megastar Financial Corp.'s average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 5-6%, with 568 originations.
Loan Sizing
2022 saw Megastar Financial Corp. place emphasis on $200k-400k loans with 787 originations, totaling $236,155,000 in origination value.
Applicant Income
Megastar Financial Corp. lent most frequently to those with incomes in the $100k-150k range, with 475 originations. The second most popular income band? $150k-250k, with 405 originations.
Applicant Debt to Income Ratio
Megastar Financial Corp. lent most frequently to those with DTI ratios of 20-30%, with 299 originations. The next most common DTI ratio? 30-36%, with 285 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.27%
Megastar Financial 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 origination69.01%
Megastar Financial Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,823 | $712,285,000 | $390,721 |