Applications / Mortgage Analytics / Lenders / Colorado / Megastar Financial
Denver, CO · Independent non-bank lender · CFPB · 1,169 loans in 2025
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1,169
loans originated, 2025
1,627
applications, 2025
24
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Megastar Financial, a Denver mortgage company lending since 2002, grew faster than most similar lenders in 2025, though it remains a fraction of its 2020 size.
Its loans rose 13% in 2025, to 1,169, against 3% for similar lenders (independent non-bank lenders making between half and twice as many loans) and 10% for the whole market. That followed four years of decline. It made 6,961 loans in 2020, so even after the rise it lends at about a sixth of that peak.
Home purchases made up 83.9% of its loans. Colorado is its base: it ranks 60 of 754 lenders around Denver, with a 0.4% share, and holds 0.6% in Fort Collins-Loveland. It lends in 24 states and in 2025 added Cedar Rapids and Kenosha, so far with few loans.
Of its borrowers, 33.3% had low or moderate incomes (LMI), against 27.6% at similar lenders and 26.5% in 2020. Its share in LMI neighborhoods, 22.4%, is also higher than at about seven in ten peers. Its share insured by the Federal Housing Administration (FHA) has climbed from 6.7% to 18.1% over five years, still below peers' 22.4%.
It denied 2.7% of home-purchase applications and 1.8% of refinance applications, against 3.4% and 6.1% at peers. The refinance rate is lower than at nearly nine in ten similar lenders. Its share of higher-priced loans (a rate well above the average for similar loans), 1.3%, is also lower than peers' 2.2%.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Megastar Financial took 1,627 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 83.9% · Refinance 16.0% · Other 0.1%
Conventional 75.6% · FHA 18.1% · VA 5.6% · USDA (RHS or FSA) 0.6% · of 1,169 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Colorado | 516 | 44.1% |
| Minnesota | 197 | 16.9% |
| Missouri | 171 | 14.6% |
| California | 99 | 8.5% |
| Maine | 66 | 5.6% |
| Washington | 23 | 2.0% |
| Kansas | 16 | 1.4% |
| Florida | 14 | 1.2% |
| Wisconsin | 8 | 0.7% |
| Arizona | 7 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Denver-Aurora-Centennial | 331 |
| Minneapolis-St. Paul-Bloomington | 175 |
| Kansas City | 168 |
| Fort Collins-Loveland | 57 |
| Greeley | 57 |
| Redding | 52 |
| Portland-South Portland | 24 |
| Riverside-San Bernardino-Ontario | 20 |
| Seattle-Bellevue-Kent | 16 |
| Lewiston-Auburn | 13 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300WKFR15017V9850 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3848883 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7841496821 | |
| Respondent ID (the HMDA filer code before 2018) | 71813200006 | 2002–2011 |
Established 11 March 1999. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: Megastar Financial's data.
Megastar Financial's data
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