MEGA CAPITAL FUNDING, INC. closing costs and rates (2024)
In 2024, MEGA CAPITAL FUNDING, INC. originated 4,953 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $9,831. That ranks #99 nationally by origination volume. For total closing costs among lenders with 500+ originations, MEGA CAPITAL FUNDING, INC. ranks #538. That is $3,090 above the national median of $6,741. MEGA CAPITAL FUNDING, INC. is most active in Florida with 1,276 originations there.
Purchase Originations
4,953
Ranked #99 nationally
Median Total Costs
$9,831
+45.8% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,515
Median Lender Credits
$3,771
Cost Rank (500+ vol.)
#538
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,696 | 6.750% | $8,350 | $3,880 |
| fha | 1,043 | 6.250% | $14,783 | $2,953 |
| va | 202 | 6.125% | $9,570 | $1,426 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 1,276 | 6.625% | $11,583 | #38 |
| California | 1,096 | 6.625% | $11,151 | #42 |
| Texas | 944 | 6.500% | $7,857 | #70 |
| Illinois | 206 | 6.990% | $5,915 | #95 |
| New Jersey | 173 | 6.500% | $14,131 | #74 |
| Oregon | 111 | 6.625% | $9,735 | #66 |
| Massachusetts | 107 | 6.990% | $11,072 | #89 |
| Arizona | 105 | 6.625% | $9,263 | #93 |
| Colorado | 95 | 6.625% | $8,365 | #109 |
| Kentucky | 87 | 6.875% | $5,915 | #92 |
| Georgia | 86 | 6.625% | $9,179 | #151 |
| Alabama | 82 | 6.625% | $8,352 | #106 |
| Nevada | 75 | 6.625% | $7,552 | #74 |
| Washington | 71 | 6.625% | $10,133 | #122 |
| Indiana | 56 | 6.625% | $7,837 | #163 |
| Tennessee | 50 | 6.312% | $9,816 | #168 |
| Utah | 48 | 6.625% | $8,865 | — |
| North Carolina | 44 | 6.562% | $7,153 | — |
| Pennsylvania | 42 | 6.562% | $10,671 | — |
| New Hampshire | 37 | 6.750% | $9,573 | — |
| South Carolina | 30 | 6.625% | $8,447 | — |
| Hawaii | 18 | 6.750% | $9,278 | — |
| Virginia | 16 | 6.125% | $13,468 | — |
| Michigan | 12 | 6.990% | $9,311 | — |
| Delaware | 11 | 7.125% | $8,019 | — |
| Maryland | 11 | 6.625% | $11,973 | — |
| Ohio | 10 | 6.750% | $9,098 | — |
| Rhode Island | 10 | 6.808% | $12,372 | — |
| Connecticut | 7 | 6.990% | $10,424 | — |
| Idaho | 7 | 6.625% | $6,050 | — |
| Minnesota | 6 | 6.312% | $9,459 | — |
| Wisconsin | 5 | 6.625% | $5,915 | — |
| Arkansas | 4 | 6.058% | $4,160 | — |
| Mississippi | 4 | 6.062% | $8,263 | — |
| Oklahoma | 4 | 7.058% | $4,632 | — |
| Kansas | 2 | 5.938% | $5,488 | — |
| Louisiana | 2 | 7.062% | $14,493 | — |
| District of Columbia | 1 | 6.375% | $13,390 | — |
| Maine | 1 | 6.500% | $16,105 | — |
| New Mexico | 1 | 6.625% | $12,995 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,915 | 6.990% | — | 104 | −$3,916 | |
| 2 | $6,259 | 6.625% | — | 64 | −$3,572 | |
| 3 | $6,691 | 6.562% | — | 122 | −$3,140 | |
| 4 | $7,432 | 6.625% | — | 142 | −$2,399 | |
| 5 | $7,696 | 6.625% | — | 64 | −$2,135 | |
| 6 | $7,708 | 6.500% | — | 115 | −$2,123 | |
| 7 | $8,203 | 6.625% | — | 70 | −$1,628 | |
| 8 | $8,706 | 6.875% | — | 78 | −$1,125 | |
| 9 | $9,738 | 6.500% | — | 84 | −$93 | |
| 10 | $10,556 | 6.625% | — | 82 | +$725 | |
| 11 | $10,639 | 6.625% | — | 67 | +$808 | |
| 12 | $10,868 | 6.625% | — | 148 | +$1,037 | |
| 13 | $11,337 | 6.562% | — | 126 | +$1,506 | |
| 14 | $11,339 | 6.625% | — | 140 | +$1,508 | |
| 15 | $11,574 | 6.625% | — | 95 | +$1,743 | |
| 16 | $12,438 | 6.625% | — | 325 | +$2,607 | |
| 17 | $12,606 | 6.625% | — | 85 | +$2,775 | |
| 18 | $12,693 | 6.500% | — | 137 | +$2,862 | |
| 19 | $13,464 | 6.625% | — | 130 | +$3,633 | |
| 20 | $14,607 | 6.625% | — | 190 | +$4,776 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.