Mega Capital Funding, Inc. Mortgage Lending & HMDA Data, 2020
In 2020, Mega Capital Funding, Inc. of Suite 100, CA reported 14,585 mortgage applications totaling $5.9 billion, up 165% from 2019. The average application was for $403,562, and applicants reported an average income of $140,820. 77% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (5,211), Anaheim-Santa Ana-Irvine, CA (2,285) and Riverside-San Bernardino-Ontario, CA (1,538) (applications in parentheses).
| Mortgage Company & Address | Mega Capital Funding, Inc. 5000 N Parkway Calabasas Suite 100, CA 91302 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2017 2016 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 14,585 |
| Total Mortgage Loan Application Amount | $5,885,955,000 |
| Average Mortgage Loan Application Amount | $403,562 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $140,820 |
| Highest Applicant Income | $2,260,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mega Capital Funding, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 5,211 | $ 2,208,355,000 | $ 423,787 | $ 140,000 |
| Anaheim-Santa Ana-Irvine, CA | 2,285 | $ 999,075,000 | $ 437,231 | $ 145,000 |
| Riverside-San Bernardino-Ontario, CA | 1,538 | $ 515,120,000 | $ 334,928 | $ 122,000 |
| San Diego-Carlsbad, CA | 1,333 | $ 544,485,000 | $ 408,465 | $ 138,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 706 | $ 323,090,000 | $ 457,634 | $ 177,000 |
| Oakland-Hayward-Berkeley, CA | 533 | $ 237,035,000 | $ 444,718 | $ 159,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 418 | $ 170,300,000 | $ 407,416 | $ 145,000 |
| Houston-The Woodlands-Sugar Land, TX | 350 | $ 88,660,000 | $ 253,314 | $ 123,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 269 | $ 93,035,000 | $ 345,855 | $ 142,000 |
| Dallas-Plano-Irving, TX | 207 | $ 69,225,000 | $ 334,420 | $ 138,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 204 | $ 77,090,000 | $ 377,892 | $ 129,000 |
| San Francisco-Redwood City-South San Francisco, CA | 179 | $ 94,305,000 | $ 526,843 | $ 191,000 |
| Santa Maria-Santa Barbara, CA | 122 | $ 45,460,000 | $ 372,622 | $ 172,000 |
| Stockton-Lodi, CA | 109 | $ 35,215,000 | $ 323,073 | $ 122,000 |
| Santa Cruz-Watsonville, CA | 98 | $ 39,290,000 | $ 400,918 | $ 147,000 |
| Seattle-Bellevue-Everett, WA | 67 | $ 25,445,000 | $ 379,776 | $ 137,000 |
| Santa Rosa, CA | 57 | $ 23,755,000 | $ 416,754 | $ 158,000 |
| Outside any metro area | 54 | $ 16,460,000 | $ 304,814 | $ 169,185 |
| Bakersfield, CA | 51 | $ 13,265,000 | $ 260,098 | $ 107,000 |
| Modesto, CA | 47 | $ 12,585,000 | $ 267,765 | $ 94,000 |
| Tampa-St. Petersburg-Clearwater, FL | 44 | $ 11,980,000 | $ 272,272 | $ 123,000 |
| Denver-Aurora-Lakewood, CO | 43 | $ 18,065,000 | $ 420,116 | $ 165,000 |
| Fresno, CA | 43 | $ 12,535,000 | $ 291,511 | $ 133,000 |
| Austin-Round Rock, TX | 41 | $ 12,995,000 | $ 316,951 | $ 148,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 33 | $ 13,245,000 | $ 401,363 | $ 141,757 |
| Vallejo-Fairfield, CA | 33 | $ 12,515,000 | $ 379,242 | $ 108,000 |
| Fort Worth-Arlington, TX | 28 | $ 7,370,000 | $ 263,214 | $ 122,000 |
| San Rafael, CA | 28 | $ 13,400,000 | $ 478,571 | $ 210,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 25 | $ 8,095,000 | $ 323,800 | $ 153,000 |
| North Port-Sarasota-Bradenton, FL | 23 | $ 4,955,000 | $ 215,434 | $ 82,000 |
| Phoenix-Mesa-Scottsdale, AZ | 23 | $ 8,105,000 | $ 352,391 | $ 140,000 |
| Salinas, CA | 21 | $ 6,535,000 | $ 311,190 | $ 102,000 |
| Miami-Miami Beach-Kendall, FL | 20 | $ 6,750,000 | $ 337,500 | $ 127,000 |
| Visalia-Porterville, CA | 19 | $ 5,505,000 | $ 289,736 | $ 122,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 15 | $ 4,355,000 | $ 290,333 | $ 120,000 |
| Merced, CA | 14 | $ 3,230,000 | $ 230,714 | $ 100,000 |
| Orlando-Kissimmee-Sanford, FL | 13 | $ 3,815,000 | $ 293,461 | $ 112,000 |
| Jacksonville, FL | 12 | $ 3,530,000 | $ 294,166 | $ 137,000 |
| San Antonio-New Braunfels, TX | 11 | $ 2,695,000 | $ 245,000 | $ 108,000 |
| Palm Bay-Melbourne-Titusville, FL | 9 | $ 2,105,000 | $ 233,888 | $ 122,000 |
| Madera, CA | 8 | $ 2,730,000 | $ 341,250 | $ 141,000 |
| Napa, CA | 8 | $ 2,820,000 | $ 352,500 | $ 117,000 |
| Tacoma-Lakewood, WA | 8 | $ 2,420,000 | $ 302,500 | $ 86,000 |
| Chico, CA | 7 | $ 1,975,000 | $ 282,142 | $ 128,000 |
| Hanford-Corcoran, CA | 7 | $ 1,765,000 | $ 252,142 | $ 106,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 1,760,000 | $ 293,333 | $ 122,000 |
| College Station-Bryan, TX | 5 | $ 1,035,000 | $ 207,000 | $ 116,000 |
| El Centro, CA | 4 | $ 1,130,000 | $ 282,500 | $ 218,000 |
| Punta Gorda, FL | 4 | $ 940,000 | $ 235,000 | $ 109,000 |
| Redding, CA | 4 | $ 1,240,000 | $ 310,000 | $ 81,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 1,145,000 | $ 381,666 | $ 302,000 |
| Bend-Redmond, OR | 3 | $ 1,095,000 | $ 365,000 | $ 149,000 |
| Olympia-Tumwater, WA | 3 | $ 705,000 | $ 235,000 | $ 62,000 |
| Port St. Lucie, FL | 3 | $ 745,000 | $ 248,333 | $ 70,000 |
| Boulder, CO | 2 | $ 550,000 | $ 275,000 | $ 191,000 |
| Colorado Springs, CO | 2 | $ 410,000 | $ 205,000 | $ 44,000 |
| Eugene, OR | 2 | $ 470,000 | $ 235,000 | $ 131,000 |
| Flagstaff, AZ | 2 | $ 640,000 | $ 320,000 | $ 100,000 |
| Fort Collins, CO | 2 | $ 540,000 | $ 270,000 | $ 125,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 650,000 | $ 325,000 | $ 100,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 520,000 | $ 260,000 | $ 141,000 |
| Salem, OR | 2 | $ 480,000 | $ 240,000 | $ 88,000 |
| Sebring, FL | 2 | $ 270,000 | $ 135,000 | $ 33,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 670,000 | $ 335,000 | $ 161,000 |
| Yuba City, CA | 2 | $ 700,000 | $ 350,000 | $ 86,000 |
| Beaumont-Port Arthur, TX | 1 | $ 215,000 | $ 215,000 | $ 53,000 |
| Bremerton-Silverdale, WA | 1 | $ 405,000 | $ 405,000 | $ 135,000 |
| Corpus Christi, TX | 1 | $ 305,000 | $ 305,000 | $ 193,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 275,000 | $ 275,000 | $ 83,000 |
| Gainesville, FL | 1 | $ 295,000 | $ 295,000 | $ 72,000 |
| Greeley, CO | 1 | $ 365,000 | $ 365,000 | $ 66,000 |
| Kennewick-Richland, WA | 1 | $ 355,000 | $ 355,000 | $ 94,000 |
| Longview, WA | 1 | $ 245,000 | $ 245,000 | $ 83,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 205,000 | $ 205,000 | $ 112,000 |
| Medford, OR | 1 | $ 305,000 | $ 305,000 | $ 86,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 425,000 | $ 425,000 | $ 99,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 515,000 | $ 515,000 | $ 400,000 |
| Ocala, FL | 1 | $ 155,000 | $ 155,000 | $ 51,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 265,000 | $ 265,000 | $ 108,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 265,000 | $ 265,000 | $ 44,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 455,000 | $ 455,000 | $ 84,000 |
| Yuma, AZ | 1 | $ 275,000 | $ 275,000 | $ 109,000 |
Mortgage Loan Application Detail Totals for Mega Capital Funding, Inc. in 2020
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 9,014 | $3,573,300,000 | $396,000 | $2,005,000 | $145,000 | $2,260,000 |
| Cash-out Refinancing | 4,062 | $1,619,230,000 | $398,000 | $1,905,000 | $130,000 | $2,014,000 |
| Home Purchase | 1,508 | $692,940,000 | $459,000 | $1,885,000 | $145,000 | $2,064,000 |
| Home Improvement | 1 | $485,000 | $485,000 | $485,000 | $115,000 | $115,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Asian | 5,701 | $2,241,195,000 | $393,000 | $1,755,000 | $138,000 | $1,581,000 |
| White | 5,138 | $2,172,300,000 | $422,000 | $1,885,000 | $150,000 | $2,260,000 |
| Hispanic | 1,703 | $640,665,000 | $376,000 | $1,305,000 | $116,000 | $797,000 |
| Not Provided | 1,661 | $672,595,000 | $404,000 | $2,005,000 | $149,000 | $1,522,000 |
| Black or African American | 276 | $114,640,000 | $415,000 | $1,455,000 | $131,000 | $1,189,000 |
| Native Hawaiian or Other Pacific Islander | 76 | $31,590,000 | $415,000 | $675,000 | $136,000 | $372,000 |
| American Indian or Alaskan Native | 28 | $12,280,000 | $438,000 | $1,075,000 | $130,000 | $348,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 14,260 | $5,746,580,000 | $402,000 | $2,005,000 | $143,000 | $2,260,000 |
| VA-guaranteed (Veterans Administration) | 169 | $71,135,000 | $420,000 | $905,000 | $49,000 | $259,000 |
| FHA-insured (Federal Housing Administration) | 155 | $67,815,000 | $437,000 | $1,125,000 | $79,000 | $314,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $425,000 | $425,000 | $425,000 | $112,000 | $112,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 11,188 | $4,389,920,000 | $392,000 | $1,505,000 | $138,000 | $2,064,000 |
| Application Approved But Not Accepted | 2,332 | $1,006,660,000 | $431,000 | $2,005,000 | $145,000 | $2,260,000 |
| Application Withdrawn By Applicant | 568 | $248,180,000 | $436,000 | $1,505,000 | $184,000 | $2,057,000 |
| File Closed For Incompleteness | 360 | $180,160,000 | $500,000 | $1,885,000 | $129,000 | $1,031,000 |
| Preapproval Approved but not Accepted | 109 | $42,905,000 | $393,000 | $775,000 | $165,000 | $960,000 |
| Application Denied By Financial Institution | 28 | $18,130,000 | $647,000 | $1,405,000 | $177,000 | $596,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 14,557 | $5,867,825,000 | $403,000 | $2,005,000 | $141,000 | $2,260,000 |
| Debt-To-Income Ratio | 15 | $8,085,000 | $539,000 | $1,015,000 | $156,000 | $400,000 |
| Credit History | 8 | $7,300,000 | $912,000 | $1,405,000 | $234,000 | $596,000 |
| Other | 3 | $1,195,000 | $398,000 | $745,000 | $97,000 | $155,000 |
| Collateral | 1 | $1,035,000 | $1,035,000 | $1,035,000 | $400,000 | $400,000 |
| Employment History | 1 | $515,000 | $515,000 | $515,000 | $61,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mega Capital Funding, Inc.'s 2020 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Mega Capital Funding, Inc.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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