Capital Center Mortgage Rates, Fees & Info

GLEN ALLEN, VA

LEI: 213800KVD76WKI6PN868

Tax ID: 54-1862878

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Capital Center is a smaller mortgage company specializing in Home Purchase and Cash Out Refi 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, Charlottesville, and Kill Devil Hills among others. We have data for 26 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.54% 4/21/24
    30 Year Conventional Refi 6.44% 4/21/24
    30 Year Cash-out Refi 6.50% 4/21/24
    30 Year FHA Purchase 6.97% 4/21/24
    30 Year FHA Refi 6.22% 4/21/24
    30 Year VA Purchase 6.02% 4/21/24
    30 Year VA Refi 5.80% 4/21/24
    15 Year Conventional Purchase 6.01% 4/21/24
    15 Year Conventional Refi 5.97% 4/21/24
    15 Year Cash-out Refi 5.97% 4/21/24
    15 Year FHA Refi 5.68% 4/21/24
    15 Year VA Purchase 5.98% 4/21/24
    15 Year VA Refi 5.68% 4/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Capital Center. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,279

    Origination Dollar Volume (All Markets)

    $279,965,000
    Show all (10) awards

    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) 964 $211,310,000 $219,201 $1,489 4.66%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 122 $27,000,000 $221,311 $1,781 4.68%
    Outside of Metro Areas 65 $13,325,000 $205,000 $1,465 4.64%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 29 $8,865,000 $305,690 $2,666 4.66%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 24 $5,070,000 $211,250 $1,033 4.61%
    Kill Devil Hills, NC (FHA|USDA|VA) 10 $2,380,000 $238,000 $1,029 4.66%
    LYNCHBURG, VA (FHA|USDA|VA) 11 $1,975,000 $179,545 $818 4.76%
    ROANOKE, VA (FHA|USDA|VA) 13 $1,915,000 $147,308 $755 4.50%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 6 $990,000 $165,000 $1,431 4.58%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $990,000 $247,500 $618 4.66%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $920,000 $153,333 $1,161 4.73%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $915,000 $305,000 $378 4.33%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $885,000 $295,000 $0 4.92%
    STAUNTON, VA (FHA|USDA|VA) 3 $695,000 $231,667 $1,311 4.67%
    Morehead City, NC (FHA|USDA|VA) 2 $420,000 $210,000 $1,934 4.31%
    Roanoke Rapids, NC (FHA|USDA|VA) 2 $300,000 $150,000 $188 4.88%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $300,000 $150,000 $1,183 4.31%
    WILMINGTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $4,886 4.75%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $270,000 $135,000 $888 4.38%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.75%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $205,000 $205,000 $3,100 4.75%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $175,000 $175,000 $722 4.88%
    Henderson, NC (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.88%
    Albemarle, NC (FHA|USDA|VA) 1 $165,000 $165,000 $1,667 4.88%
    GREENVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.38%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.88%
    Capital Center's top markets include Richmond, Virginia Beach, Washington, Charlottesville, and Kill Devil Hills among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • 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.

    ABNB Federal Credit Union
    Similarity Rank: 40
    DUPONT COMMUNITY
    Similarity Rank: 55
    UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC.
    Similarity Rank: 96
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 108
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 123
    NEWPORT NEWS SHIPBUILDING EMPLOYEES
    Similarity Rank: 147
    Whitley Mortgage Associates, Inc.
    Similarity Rank: 258
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 285
    Bank of Clarke County
    Similarity Rank: 320
    Belmont Savings Bank, SSB
    Similarity Rank: 390

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,161 $251,435,000 $216,568 $1,165 4.68%
    FHA 72 $16,560,000 $230,000 $4,489 4.51%
    VA 46 $11,970,000 $260,217 $4,231 4.33%

    For 2018, Capital Center's most frequently originated type of loan was Conventional, with 1,161 originations. Their 2nd most popular type was FHA, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 712 $168,900,000 $237,219 $1,559 4.70%
    Cash Out Refi 351 $68,755,000 $195,883 $1,773 4.62%
    Refi 216 $42,310,000 $195,880 $623 4.60%

    For 2018, Capital Center's most frequently cited loan purpose was Home Purchase, with 712 originations. The 2nd most popular reason was Cash Out Refi, with 351 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,019 $233,455,000 $229,102 $1,616 4.74%
    15 Year 142 $25,690,000 $180,915 $1,136 4.30%
    20 Year 87 $17,115,000 $196,724 $1,103 4.47%
    10 Year 31 $3,705,000 $119,516 $458 4.36%

    For 2018, Capital Center's most frequently cited loan duration was 30 Year, with 1,019 originations. The 2nd most popular length was 15 Year, with 142 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 738 $160,710,000 $217,764
    $1k-2k 178 $39,850,000 $223,876
    $2k-3k 101 $24,315,000 $240,743
    $3k-4k 54 $14,370,000 $266,111
    $5k+ 36 $12,800,000 $355,556
    $4k-5k 24 $6,350,000 $264,583

    Capital Center's average total fees were $1,616, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 738 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,047 $231,195,000 $220,817
    5-6% 141 $29,025,000 $205,851
    3-4% 91 $19,745,000 $216,978

    During 2018, Capital Center's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 1,047 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 569 $154,225,000 $271,046 $1,846 4.68%
    $100k-200k 549 $82,375,000 $150,046 $1,000 4.63%
    $100,000 or less 83 $6,565,000 $79,096 $501 4.82%
    $400k-600k 76 $35,510,000 $467,237 $2,491 4.58%
    $600k-1MM 2 $1,290,000 $645,000 $11,364 4.38%

    2018 saw Capital Center place emphasis on $200k-400k loans with 569 originations, totaling $154,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 337 $81,785,000 $242,685 $1,783 4.65%
    $50k-75k 297 $55,015,000 $185,236 $1,433 4.67%
    $75k-100k 242 $50,420,000 $208,347 $1,683 4.66%
    $150k-250k 196 $54,060,000 $275,816 $1,477 4.62%
    $50k or less 155 $21,995,000 $141,903 $864 4.72%
    $250k+ 52 $16,690,000 $320,962 $1,507 4.64%

    Capital Center lent most frequently to those with incomes in the $100k-150k range, with 337 originations. The second most popular income band? $50k-75k, with 297 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 311 $66,745,000 $214,614 $1,188 4.67%
    30-36% 266 $59,940,000 $225,338 $1,400 4.62%
    <20% 117 $22,105,000 $188,932 $685 4.60%
    49% 59 $14,405,000 $244,153 $2,316 4.66%
    36% 56 $11,810,000 $210,893 $1,493 4.62%
    37% 46 $11,420,000 $248,261 $2,091 4.70%
    38% 42 $9,950,000 $236,905 $1,576 4.58%
    40% 41 $9,475,000 $231,098 $1,500 4.72%
    42% 38 $8,690,000 $228,684 $1,824 4.69%
    44% 38 $7,530,000 $198,158 $2,056 4.66%
    46% 38 $8,700,000 $228,947 $1,811 4.64%
    48% 38 $8,240,000 $216,842 $2,136 4.72%
    39% 37 $7,515,000 $203,108 $1,709 4.74%
    47% 36 $8,890,000 $246,944 $2,050 4.81%
    43% 35 $6,985,000 $199,571 $1,446 4.63%
    41% 34 $7,830,000 $230,294 $2,253 4.75%
    45% 28 $5,940,000 $212,143 $1,409 4.75%
    50-60% 18 $3,610,000 $200,556 $2,827 4.65%
    >60% 1 $185,000 $185,000 $0 4.88%

    Capital Center lent most frequently to those with DTI ratios of 20-30%, with 311 originations. The next most common DTI ratio? 30-36%, with 266 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,057 $232,735,000 $220,184 $1,486 4.66%
    Not provided 131 $28,325,000 $216,221 $1,254 4.68%
    Black 40 $7,350,000 $183,750 $2,364 4.70%
    Asian 30 $6,950,000 $231,667 $2,133 4.56%
    Asian Indian 7 $1,865,000 $266,429 $2,136 4.75%
    Chinese 6 $1,410,000 $235,000 $1,825 4.54%
    American Indian 5 $965,000 $193,000 $613 4.58%
    Vietnamese 2 $230,000 $115,000 $0 5.13%
    Other Asian 1 $135,000 $135,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    83.40%

    Capital Center has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.75%

    Capital Center has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,279 $279,965,000 $218,894

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,279 $279,965,000 $218,894

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $8,245,000 $123,060 $494 4.59%
    40-60% 152 $27,630,000 $181,776 $846 4.59%
    60-80% 573 $123,985,000 $216,379 $1,381 4.67%
    80-100% 475 $117,565,000 $247,505 $1,844 4.69%
    Over 100% 8 $2,220,000 $277,500 $8,091 4.31%
    Under 20% 4 $320,000 $80,000 $509 4.81%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Capital Management Services, LP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%