Capital Center Mortgage Rates, Fees & Info
GLEN ALLEN, VALEI: 213800KVD76WKI6PN868
Tax ID: 54-1862878
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Mortgage Data
Review & Overview
Capital Center is a smaller mortgage company specializing in Home Purchase loans. Capital Center has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Richmond, Virginia Beach, Washington, Charlotte, and Raleigh among others. We have data for 58 markets. (Some data included below & more in-depth data is available with an active subscription.)Capital Center has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Capital Center is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 11/17/24 |
| 30 Year Conventional Refi | 6.44% | 11/17/24 |
| 30 Year Cash-out Refi | 6.50% | 11/17/24 |
| 30 Year FHA Purchase | 6.97% | 11/17/24 |
| 30 Year FHA Refi | 6.22% | 11/17/24 |
| 30 Year VA Purchase | 6.02% | 11/17/24 |
| 30 Year VA Refi | 5.80% | 11/17/24 |
| 15 Year Conventional Purchase | 6.01% | 11/17/24 |
| 15 Year Conventional Refi | 5.97% | 11/17/24 |
| 15 Year Cash-out Refi | 5.97% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 15 Year VA Purchase | 5.98% | 11/17/24 |
| 15 Year VA Refi | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Capital Center Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
990Origination Dollar Volume (All Markets)
$326,200,000Awards
CAPITAL CENTER - 2023
CAPITAL CENTER is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Capital Center's average 30 year fixed mortgage rate was
6.8%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.32%.
Relative Fees (Closing Costs)
Capital Center's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,713.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RICHMOND, VA (FHA|USDA|VA) | 500 | $159,270,000 | $318,540 | $3,312 | 6.77% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 130 | $43,330,000 | $333,308 | $4,243 | 6.82% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 67 | $30,645,000 | $457,388 | $5,360 | 6.55% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 47 | $16,955,000 | $360,745 | $4,007 | 6.78% |
| Outside of Metro Areas | 45 | $12,605,000 | $280,111 | $4,225 | 6.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 33 | $11,775,000 | $356,818 | $2,458 | 6.80% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 16 | $5,820,000 | $363,750 | $2,562 | 7.02% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 12 | $4,360,000 | $363,333 | $1,632 | 6.58% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 8 | $3,410,000 | $426,250 | $8,110 | 6.94% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 9 | $2,595,000 | $288,333 | $4,022 | 6.76% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 12 | $2,450,000 | $204,167 | $3,176 | 6.66% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $2,065,000 | $413,000 | $3,036 | 7.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 6 | $1,980,000 | $330,000 | $1,830 | 6.50% |
| ROANOKE, VA (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $1,475 | 6.86% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $1,745,000 | $249,286 | $4,334 | 7.02% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $5,620 | 7.34% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,645,000 | $329,000 | $5,760 | 6.50% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $10,604 | 6.17% |
| STAUNTON, VA (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $4,006 | 6.56% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $5,955 | 6.44% |
| HARRISONBURG, VA (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $1,746 | 6.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $4,077 | 7.17% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $2,694 | 7.16% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $1,887 | 7.38% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $4,299 | 6.42% |
| Sanford, NC (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $2,679 | 6.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,244 | 6.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $2,826 | 6.84% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,477 | 6.56% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,612 | 6.38% |
| OCALA, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,513 | 7.25% |
| Danville, VA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,173 | 7.25% |
| Shelby, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,127 | 7.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 7.50% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,900 | 7.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 7.88% |
| Elizabeth City, NC (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,444 | 6.79% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 7.25% |
| Brevard, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 8.00% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 6.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,205 | 5.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,000 | 5.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,526 | 6.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 6.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,856 | 6.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 6.50% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,401 | 6.50% |
| Washington, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $758 | 6.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,665 | 8.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,401 | 6.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 6.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,875 | 5.88% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $309 | 7.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.63% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,720 | 5.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,313 | 6.50% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $885 | 7.13% |
| Marion, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,881 | 6.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against CAPITAL CENTER based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 10
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 813 | $263,715,000 | $324,373 | $2,691 | 6.85% |
| FHA | 110 | $35,640,000 | $324,000 | $8,094 | 6.48% |
| VA | 67 | $26,845,000 | $400,672 | $7,030 | 6.32% |
For 2023, Capital Center's most frequently originated type of loan was Conventional, with 813 originations. Their 2nd most popular type was FHA, with 110 originations.
Loan Reason
For 2023, Capital Center's most frequently cited loan purpose was Home Purchase, with 781 originations. The 2nd most popular reason was Cash Out Refi, with 137 originations.
Loan Duration/Length
For 2023, Capital Center's most frequently cited loan duration was 30 Year, with 929 originations. The 2nd most popular length was 15 Year, with 43 originations.
Origination Fees/Closing Costs
Capital Center's average total fees were $3,713, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 465 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 540 | $176,920,000 | $327,630 |
| 7-8% | 290 | $90,880,000 | $313,379 |
| 5-6% | 138 | $51,900,000 | $376,087 |
| Over 8% | 20 | $5,880,000 | $294,000 |
| 4-5% | 2 | $620,000 | $310,000 |
During 2023, Capital Center's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 540 originations.
Loan Sizing
2023 saw Capital Center place emphasis on $200k-400k loans with 542 originations, totaling $157,080,000 in origination value.
Applicant Income
Capital Center lent most frequently to those with incomes in the $100k-150k range, with 306 originations. The second most popular income band? $150k-250k, with 246 originations.
Applicant Debt to Income Ratio
Capital Center lent most frequently to those with DTI ratios of 30-36%, with 178 originations. The next most common DTI ratio? 20-30%, with 171 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.07%
Capital Center has an average approval rate.
Pick Rate
Approvals leading to origination55.35%
Capital Center has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 990 | $326,200,000 | $329,495 |