Capital Center Mortgage Rates, Fees & Info
GLEN ALLEN, VALEI: 213800KVD76WKI6PN868
Tax ID: 54-1862878
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
11,162Origination Dollar Volume (All Markets)
$2,555,040,000Awards
CAPITAL CENTER - 2021
CAPITAL CENTER is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications88.94%
Capital Center has an average approval rate.
Pick Rate
Approvals leading to origination72.20%
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% |
