Megastar Finanacial Corp Mortgage Lending & HMDA Data, 2017
In 2017, Megastar Finanacial Corp of Denver, CO reported 5,175 mortgage applications totaling $1.4 billion, down 26% from 2016. The average application was for $279,842, and applicants reported an average income of $108,652. 67% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (2,197), Minneapolis-St. Paul-Bloomington, MN-WI (378) and Kansas City, MO-KS (340) (applications in parentheses).
| Mortgage Company & Address | Megastar Finanacial Corp 1080 Cherokee Street Denver, CO 80204 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 5,175 |
| Total Mortgage Loan Application Amount | $1,448,183,000 |
| Average Mortgage Loan Application Amount | $279,842 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $108,652 |
| Highest Applicant Income | $1,592,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Megastar Finanacial Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Megastar Finanacial Corp in 2017
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 3,750 | $1,053,006,000 | $280,000 | $2,500,000 | $107,000 | $1,320,000 |
| Refinancing | 1,425 | $395,177,000 | $277,000 | $2,400,000 | $113,000 | $1,592,000 |
| Home Improvement | 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 |
|---|---|---|---|---|---|---|
| White | 4,181 | $1,193,040,000 | $285,000 | $2,500,000 | $112,000 | $1,592,000 |
| Hispanic | 447 | $109,170,000 | $244,000 | $919,000 | $84,000 | $711,000 |
| Not Provided | 271 | $78,314,000 | $288,000 | $1,223,000 | $105,000 | $931,000 |
| Black or African American | 167 | $34,859,000 | $208,000 | $577,000 | $80,000 | $367,000 |
| Asian | 90 | $27,603,000 | $306,000 | $2,400,000 | $143,000 | $1,104,000 |
| American Indian or Alaskan Native | 12 | $3,301,000 | $275,000 | $424,000 | $101,000 | $216,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,896,000 | $270,000 | $424,000 | $71,000 | $152,000 |
| 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) | 3,581 | $1,074,686,000 | $300,000 | $2,500,000 | $124,000 | $1,592,000 |
| FHA-insured (Federal Housing Administration) | 1,131 | $254,722,000 | $225,000 | $623,000 | $72,000 | $434,000 |
| VA-guaranteed (Veterans Administration) | 287 | $84,976,000 | $296,000 | $956,000 | $87,000 | $401,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 176 | $33,799,000 | $192,000 | $455,000 | $57,000 | $153,000 |
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 | 3,453 | $972,128,000 | $281,000 | $1,672,000 | $111,000 | $1,592,000 |
| File Closed For Incompleteness | 979 | $298,378,000 | $304,000 | $2,500,000 | $109,000 | $1,457,000 |
| Application Withdrawn By Applicant | 549 | $136,043,000 | $247,000 | $1,424,000 | $103,000 | $1,462,000 |
| Application Denied By Financial Institution | 194 | $41,634,000 | $214,000 | $760,000 | $85,000 | $1,101,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Credit History | 65 | $12,553,000 | $193,000 | $760,000 | $65,000 | $307,000 |
| Debt-To-Income Ratio | 17 | $4,615,000 | $271,000 | $640,000 | $96,000 | $353,000 |
| Collateral | 15 | $3,071,000 | $204,000 | $453,000 | $107,000 | $312,000 |
| Employment History | 6 | $1,229,000 | $204,000 | $360,000 | $56,000 | $120,000 |
| Credit Application Incomplete | 5 | $801,000 | $160,000 | $320,000 | $51,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $406,000 | $135,000 | $200,000 | $40,000 | $59,000 |
| Other | 2 | $786,000 | $393,000 | $404,000 | $274,000 | $438,000 |
| Unverifiable Information | 2 | $283,000 | $141,000 | $200,000 | $46,000 | $50,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Megastar Finanacial Corp's 2017 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 Megastar Finanacial Corp'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.
For a list of all lenders in Colorado, download the full spreadsheet
with aggregated HMDA statistics today.
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