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
Promptness
Not enough data
—/5
No quote responses measured yet
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
5/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
707 loans · 0.37% above market
Strong
Top 40% of lenders
4/5
FHA
156 loans · 0.40% above market
Strong
Top 40% of lenders
4/5
VA
49 loans · 0.15% below market
Strong
Top 40% of lenders
4/5
Jumbo
18 loans · 0.08% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
828 loans · 0.35% above market
Strong
Top 40% of lenders
4/5
Refinance
109 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 10 markets
Strong
Top 40% of lenders
4/5
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
18Full-year 2024 · HMDALoans originated
< 1010–2020–5050–100100+None
Northeast3
MEMANH
Midwest4
KSMNMOWI
South4
FLGATNTX
West7
AZCACOMTNMORWA
Top States by Place Specialization Score
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 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.
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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.