Capital Center Mortgage Rates, Fees & Info

GLEN ALLEN, VA

LEI: 213800KVD76WKI6PN868

Tax ID: 54-1862878

5 stars - out of 5 stars, based on 106 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Capital Center is a small mortgage company specializing in Refi and Cash Out Refi loans. Capital Center has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Richmond, Virginia Beach, Raleigh, Washington, and Charlotte among others. Capital Center has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Capital Center is typically a low fee lendor.


Originations

11,162

Origination Dollar Volume (All Markets)

$2,555,040,000
Show all (38) awards

Relative Rate

Capital Center 's average 30 year fixed rate mortgage of loans were 3.01%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.14%.

Relative Fees

Capital Center 's average total fees for a 30 year fixed rate mortgage are $1,471.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
RICHMOND, VA (FHA|USDA|VA) 6,218 $1,442,620,000 $232,007 $1,132 2.85%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1,472 $333,860,000 $226,807 $1,428 2.85%
RALEIGH-CARY, NC (FHA|USDA|VA) 682 $148,100,000 $217,155 $1,117 2.83%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 439 $141,985,000 $323,428 $1,554 2.80%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 516 $111,560,000 $216,202 $1,189 2.89%
Outside of Metro Areas 375 $75,765,000 $202,040 $1,248 2.84%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 187 $44,685,000 $238,957 $1,071 2.85%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 152 $33,570,000 $220,855 $1,032 2.81%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 140 $25,320,000 $180,857 $1,226 2.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 77 $17,555,000 $227,987 $1,354 2.83%
WINSTON-SALEM, NC (FHA|USDA|VA) 76 $14,830,000 $195,132 $1,330 2.89%
LYNCHBURG, VA (FHA|USDA|VA) 68 $14,520,000 $213,529 $1,050 2.82%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 74 $13,960,000 $188,649 $1,480 2.83%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 59 $11,555,000 $195,847 $1,089 2.83%
Kill Devil Hills, NC (FHA|USDA|VA) 46 $11,340,000 $246,522 $1,917 2.88%
ROANOKE, VA (FHA|USDA|VA) 54 $9,720,000 $180,000 $873 2.83%
BURLINGTON, NC (FHA|USDA|VA) 47 $7,775,000 $165,426 $1,019 2.78%
ASHEVILLE, NC (FHA|USDA|VA) 30 $7,410,000 $247,000 $1,969 2.83%
STAUNTON, VA (FHA|USDA|VA) 34 $7,130,000 $209,706 $614 2.88%
WILMINGTON, NC (FHA|USDA|VA) 28 $6,830,000 $243,929 $2,072 2.76%
SPARTANBURG, SC (FHA|USDA|VA) 40 $6,820,000 $170,500 $1,409 2.81%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 32 $6,080,000 $190,000 $1,724 2.84%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 29 $5,555,000 $191,552 $1,246 2.91%
FAYETTEVILLE, NC (FHA|USDA|VA) 30 $5,430,000 $181,000 $1,169 2.81%
COLUMBIA, SC (FHA|USDA|VA) 19 $4,085,000 $215,000 $1,848 2.86%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 15 $3,985,000 $265,667 $1,108 2.88%
WINCHESTER, VA-WV (FHA|USDA|VA) 16 $3,830,000 $239,375 $2,199 2.66%
HARRISONBURG, VA (FHA|USDA|VA) 20 $3,560,000 $178,000 $1,237 2.69%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 14 $3,490,000 $249,286 $1,012 2.72%
ROCKY MOUNT, NC (FHA|USDA|VA) 21 $3,185,000 $151,667 $936 2.91%
GREENVILLE, NC (FHA|USDA|VA) 16 $2,340,000 $146,250 $552 2.85%
Albemarle, NC (FHA|USDA|VA) 12 $2,220,000 $185,000 $1,425 2.81%
Shelby, NC (FHA|USDA|VA) 13 $2,035,000 $156,538 $1,646 2.90%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 9 $1,975,000 $219,444 $1,129 2.78%
Elizabeth City, NC (FHA|USDA|VA) 9 $1,885,000 $209,444 $2,015 2.49%
Washington, NC (FHA|USDA|VA) 8 $1,870,000 $233,750 $926 2.89%
Morehead City, NC (FHA|USDA|VA) 6 $1,720,000 $286,667 $582 3.00%
JACKSONVILLE, NC (FHA|USDA|VA) 7 $1,295,000 $185,000 $1,785 2.75%
Boone, NC (FHA|USDA|VA) 5 $1,095,000 $219,000 $1,513 2.83%
Sanford, NC (FHA|USDA|VA) 7 $1,095,000 $156,429 $345 2.93%
Seneca, SC (FHA|USDA|VA) 4 $940,000 $235,000 $2,044 2.84%
NEW BERN, NC (FHA|USDA|VA) 4 $830,000 $207,500 $695 2.56%
Georgetown, SC (FHA|USDA|VA) 4 $800,000 $200,000 $1,038 2.63%
Forest City, NC (FHA|USDA|VA) 5 $735,000 $147,000 $834 2.98%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $720,000 $180,000 $1,383 3.03%
Brevard, NC (FHA|USDA|VA) 4 $640,000 $160,000 $817 2.53%
Wilson, NC (FHA|USDA|VA) 4 $600,000 $150,000 $382 2.75%
Gaffney, SC (FHA|USDA|VA) 3 $515,000 $171,667 $1,700 2.71%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 3 $505,000 $168,333 $655 2.79%
Kinston, NC (FHA|USDA|VA) 2 $490,000 $245,000 $2,625 2.94%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $480,000 $240,000 $3,739 3.00%
GOLDSBORO, NC (FHA|USDA|VA) 2 $470,000 $235,000 $0 2.94%
Marion, NC (FHA|USDA|VA) 2 $460,000 $230,000 $880 3.25%
Danville, VA (FHA|USDA|VA) 3 $445,000 $148,333 $2,789 2.79%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $390,000 $195,000 $1,900 2.56%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $385,000 $385,000 $0 2.63%
Greenwood, SC (FHA|USDA|VA) 1 $365,000 $365,000 $850 3.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $285,000 $285,000 $3,229 2.13%
Easton, MD (FHA|USDA|VA) 1 $275,000 $275,000 $678 2.88%
Union, SC (FHA|USDA|VA) 2 $270,000 $135,000 $2,361 2.88%
Mount Airy, NC (FHA|USDA|VA) 1 $185,000 $185,000 $1,840 2.63%
Henderson, NC (FHA|USDA|VA) 1 $175,000 $175,000 $1,094 3.00%
Newberry, SC (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.63%
Lumberton, NC (FHA|USDA|VA) 1 $115,000 $115,000 $1,415 2.63%
Bluefield, WV-VA (FHA|USDA|VA) 1 $95,000 $95,000 $2,356 3.00%
FLORENCE, SC (FHA|USDA|VA) 1 $55,000 $55,000 $2,039 3.50%

Capital Center 's top markets include Richmond, Virginia Beach, Raleigh, Washington, and Charlotte among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 10,726 $2,436,500,000 $227,158 $1,097 2.85%
FHA 221 $53,955,000 $244,140 $4,752 2.79%
VA 215 $64,585,000 $300,395 $3,097 2.63%

For the 2021 period, Capital Center 's most frequently originated loan type of loans were Conventional, with 10,726 originations. Their 2nd most popular type is FHA, with 221 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 6,113 $1,340,405,000 $219,271 $684 2.81%
Cash Out Refi 3,283 $734,565,000 $223,748 $1,904 2.87%
Home Purchase 1,765 $479,885,000 $271,890 $1,727 2.92%
Home Improvement 1 $185,000 $185,000 $2,290 3.13%

For the 2021, Capital Center 's most frequently cited loan purpose of loans were Refi, with 6,113 originations. The 2nd most popular reason of loans were Cash Out Refi, with 3,283 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 6,590 $1,641,350,000 $249,067 $1,471 3.01%
15 Year 2,643 $529,595,000 $200,376 $812 2.52%
20 Year 1,162 $255,840,000 $220,172 $1,034 2.89%
10 Year 703 $112,805,000 $160,462 $505 2.43%
Other 64 $15,450,000 $241,406 $1,347 2.97%

For the 2021, Capital Center 's most frequently cited loan length of loans were 30 Year, with 6,590 originations. The 2nd most popular length of loans were 15 Year, with 2,643 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 7,261 $1,602,005,000 $220,631
$1k-2k 1,687 $375,095,000 $222,344
$2k-3k 931 $235,585,000 $253,045
$3k-4k 740 $190,620,000 $257,595
$5k+ 392 $125,680,000 $320,612

$1,471 of loans were Capital Center 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 7,261 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 5,794 $1,366,860,000 $235,910
3-4% 3,135 $732,045,000 $233,507
<2.5% 2,222 $453,510,000 $204,100
4-5% 8 $1,910,000 $238,750

During 2021, Capital Center 's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were 2.5-3%, with 5,794 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 5,263 $1,429,095,000 $271,536 $1,436 2.88%
$100k-200k 4,969 $746,335,000 $150,198 $838 2.80%
$400k-600k 733 $341,945,000 $466,501 $1,931 2.89%
$100,000 or less 162 $12,880,000 $79,506 $1,145 2.96%
$600k-1MM 34 $23,700,000 $697,059 $4,338 2.73%
$1MM+ 1 $1,085,000 $1,085,000 $15,000 2.75%

2021 saw Capital Center place emphasis on $200k-400k loans with 5,263 originations, totaling $1,429,095,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 3,061 $768,615,000 $251,099 $1,307 2.83%
$50k-75k 2,529 $477,695,000 $188,887 $1,092 2.88%
$75k-100k 2,215 $482,145,000 $217,673 $1,247 2.85%
$150k-250k 1,760 $512,600,000 $291,250 $1,270 2.79%
$50k or less 1,215 $187,285,000 $154,144 $955 2.92%
$250k+ 381 $126,565,000 $332,192 $1,471 2.75%

Capital Center lent most frequently to those with incomes in the $100k-150k range, with 3,061 originations. The second most popular income band? $50k-75k, with 2,529 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,431 $786,685,000 $229,287 $1,008 2.83%
<20% 2,003 $420,845,000 $210,107 $717 2.78%
30-36% 1,952 $459,600,000 $235,451 $1,286 2.86%
41% 339 $79,315,000 $233,968 $1,566 2.89%
40% 327 $75,925,000 $232,187 $1,502 2.90%
36% 324 $75,270,000 $232,315 $1,514 2.86%
38% 322 $78,610,000 $244,130 $1,565 2.89%
37% 321 $75,985,000 $236,713 $1,504 2.89%
39% 310 $71,590,000 $230,935 $1,536 2.89%
42% 282 $67,300,000 $238,652 $1,547 2.91%
44% 276 $65,320,000 $236,667 $1,704 2.94%
43% 261 $61,505,000 $235,651 $1,484 2.88%
45% 224 $55,890,000 $249,509 $1,731 2.89%
46% 188 $43,100,000 $229,255 $1,654 2.86%
47% 177 $38,895,000 $219,746 $1,377 2.86%
49% 172 $39,540,000 $229,884 $1,494 2.89%
48% 162 $37,480,000 $231,358 $1,661 2.92%
50-60% 88 $21,470,000 $243,977 $3,822 2.73%

Capital Center lent most frequently to those with DTI ratios of 20-30%, with 3,431 originations. The next most common DTI ratio? <20%, with 2,003 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 8,645 $1,963,075,000 $227,076 $1,169 2.85%
Not provided 1,615 $381,265,000 $236,077 $1,330 2.84%
Asian 383 $95,095,000 $248,290 $1,259 2.74%
Black 382 $83,700,000 $219,110 $1,517 2.85%
Asian Indian 50 $13,400,000 $268,000 $1,076 2.70%
American Indian 45 $9,135,000 $203,000 $1,061 2.89%
Chinese 16 $3,160,000 $197,500 $2,422 2.82%
Native Hawaiian 10 $2,390,000 $239,000 $1,839 2.76%
Other Asian 8 $1,870,000 $233,750 $435 2.75%
Filipino 4 $830,000 $207,500 $2,184 2.69%
Korean 2 $650,000 $325,000 $0 2.81%
Japanese 1 $325,000 $325,000 $0 2.50%
Other Pacific Islander 1 $145,000 $145,000 $710 2.50%

Approval Rates

Total approvals of all applications
88.94%

Capital Center has an average approval rate.

Pick Rate

Approvals leading to origination
72.20%

Capital Center has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 11,162 $2,555,040,000 $228,905

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
11,162 $2,555,040,000 $228,905

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,099 $160,885,000 $146,392 $452 2.65%
40-60% 3,004 $599,590,000 $199,597 $723 2.76%
60-80% 5,196 $1,280,440,000 $246,428 $1,445 2.91%
80-100% 1,782 $501,730,000 $281,554 $1,752 2.92%
Over 100% 17 $5,535,000 $325,588 $9,475 2.68%
Under 20% 64 $6,860,000 $107,188 $327 2.66%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
CAPITAL CENTER LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%