Megastar Financial
We analyzed every closed loan from Megastar Financial — 937 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Multi-Region · 9 mkts
Awards
FHA
Champion
Conventional
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
Explore another lender or local market
Report Card
Megastar Financial performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
+33.7 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 10 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 707 | 75.5% | +0.367%Above | $6,217Credit | ||||
FHA Loans | 156 | 16.6% | +0.404%Above | $8,082Credit | ||||
VA Loans | — | 49 | 5.2% | -0.152%Below | $5,882Credit | |||
Jumbo Loans | — | 18 | 1.9% | +0.076%Above | $7,571Credit |
Conventional
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume707
Mix75.5%
Spread
+0.367%Above
Fees
$6,217Credit
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume156
Mix16.6%
Spread
+0.404%Above
Fees
$8,082Credit
VA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume49
Mix5.2%
Spread
-0.152%Below
Fees
$5,882Credit
Jumbo Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume18
Mix1.9%
Spread
+0.076%Above
Fees
$7,571Credit
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 828 | 88.4% | +0.353%Above | $6,686Credit | ||||
Refinance | 109 | 11.6% | +0.240%Above | $4,861Credit |
Purchase
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume828
Mix88.4%
Spread
+0.353%Above
Fees
$6,686Credit
Refinance
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume109
Mix11.6%
Spread
+0.240%Above
Fees
$4,861Credit
At a Glance
Lender Overview
Lending Activity
Loans Originated
937
Applications
1,277
Volume
$386 million
Pricing & Closing
Avg Rate Spread
+0.337%
vs. market APOR
Avg Net Fees
$-6,423
Origination − Credits
Pullthrough Rate
73.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$412,001
Avg Borrower Income
$161,462
Avg Property Value
$548,095
Geographic Coverage
Geographic Performance
Metro Areas
9
markets with activity
States Served
18
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
18Northeast3
MEMANH
Midwest4
KSMNMOWI
South4
FLGATNTX
West7
AZCACOMTNMORWA
Top Metro Areas by Place Specialization Score
Volume 264Mix 28.18% of portfolio
78/100
Strong
Volume 172Mix 18.36% of portfolio
71/100
Strong
Volume 121Mix 12.91% of portfolio
68/100
Strong
Volume 50Mix 5.34% of portfolio
68/100
Strong
Volume 31Mix 3.31% of portfolio
67/100
Strong
Volume 31Mix 3.31% of portfolio
60/100
Strong
Volume 20Mix 2.13% of portfolio
51/100
Sound
Volume 19Mix 2.03% of portfolio
48/100
Sound
Volume 21Mix 2.24% of portfolio
47/100
SoundTop States by Place Specialization Score
1
ColoradoState
Volume 408Mix 43.54% of portfolio
79/100
Strong2
MinnesotaState
Volume 189Mix 20.17% of portfolio
71/100
Strong3
MissouriState
Volume 118Mix 12.59% of portfolio
64/100
Strong4
MaineState
Volume 37Mix 3.95% of portfolio
56/100
Sound5
CaliforniaState
Volume 80Mix 8.54% of portfolio
55/100
Sound6
KansasState
Volume 22Mix 2.35% of portfolio
49/100
Sound7
WashingtonState
Volume 28Mix 2.99% of portfolio
49/100
Sound8
WisconsinState
Volume 12Mix 1.28% of portfolio
40/100
Acceptable9
FloridaState
Volume 14Mix 1.49% of portfolio
36/100
AcceptableHow We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
Looking for a different lender?
Are you the owner of Megastar Financial?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.