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

Jump to:

  • 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 Refi, Home Purchase, 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 by origination volume include: Richmond, Virginia Beach, Washington, Charlottesville, and Lynchburg among others. We have data for 28 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

    3,173

    Origination Dollar Volume (All Markets)

    $774,045,000
    Show all (18) 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) 2,360 $572,190,000 $242,453 $1,104 3.88%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 378 $92,370,000 $244,365 $1,155 3.84%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 90 $32,140,000 $357,111 $1,293 3.81%
    Outside of Metro Areas 142 $30,230,000 $212,887 $975 3.88%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 60 $14,470,000 $241,167 $1,083 3.81%
    LYNCHBURG, VA (FHA|USDA|VA) 22 $5,890,000 $267,727 $1,090 3.82%
    ROANOKE, VA (FHA|USDA|VA) 21 $5,015,000 $238,810 $861 3.90%
    Kill Devil Hills, NC (FHA|USDA|VA) 15 $3,675,000 $245,000 $800 3.93%
    RALEIGH-CARY, NC (FHA|USDA|VA) 15 $3,595,000 $239,667 $1,309 3.86%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 17 $3,265,000 $192,059 $1,191 4.03%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $2,280,000 $285,000 $964 3.95%
    STAUNTON, VA (FHA|USDA|VA) 11 $2,105,000 $191,364 $929 3.91%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 6 $1,400,000 $233,333 $289 3.85%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $830,000 $207,500 $0 3.69%
    Roanoke Rapids, NC (FHA|USDA|VA) 3 $665,000 $221,667 $0 3.50%
    WILMINGTON, NC (FHA|USDA|VA) 3 $525,000 $175,000 $135 3.54%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $510,000 $255,000 $111 4.25%
    WINCHESTER, VA-WV (FHA|USDA|VA) 2 $410,000 $205,000 $1,784 3.81%
    Danville, VA (FHA|USDA|VA) 2 $330,000 $165,000 $0 3.69%
    FAYETTEVILLE, NC (FHA|USDA|VA) 3 $315,000 $105,000 $0 3.83%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,375 3.63%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $300,000 $150,000 $604 3.94%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $255,000 $255,000 $938 3.88%
    Elizabeth City, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,856 3.88%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.13%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $1,172 3.88%
    Martinsville, VA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.63%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.75%
    Capital Center's top markets include Richmond, Virginia Beach, Washington, Charlottesville, and Lynchburg 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.

    Barley Mortgage, LLC
    Similarity Rank: 48
    ABNB Federal Credit Union
    Similarity Rank: 75
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 160
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 165
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 265
    Call Federal Credit Union
    Similarity Rank: 372
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 402
    MEMBER ONE
    Similarity Rank: 500
    CHARTWAY FEDERAL CREDIT UNION
    Similarity Rank: 517
    DUKE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 519

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,998 $726,870,000 $242,452 $933 3.89%
    VA 94 $28,260,000 $300,638 $3,103 3.43%
    FHA 81 $18,915,000 $233,519 $4,473 3.67%

    For 2019, Capital Center's most frequently originated type of loan was Conventional, with 2,998 originations. Their 2nd most popular type was VA, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,442 $364,820,000 $252,996 $495 3.78%
    Home Purchase 867 $218,465,000 $251,978 $1,272 4.01%
    Cash Out Refi 864 $190,760,000 $220,787 $1,971 3.88%

    For 2019, Capital Center's most frequently cited loan purpose was Refi, with 1,442 originations. The 2nd most popular reason was Home Purchase, with 867 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,292 $591,100,000 $257,897 $1,235 3.96%
    15 Year 492 $100,470,000 $204,207 $757 3.58%
    20 Year 304 $68,430,000 $225,099 $782 3.75%
    10 Year 81 $12,945,000 $159,815 $487 3.52%
    Other 4 $1,100,000 $275,000 $782 3.97%

    For 2019, Capital Center's most frequently cited loan duration was 30 Year, with 2,292 originations. The 2nd most popular length was 15 Year, with 492 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,018 $494,060,000 $244,827
    $1k-2k 454 $105,330,000 $232,004
    $2k-3k 215 $60,225,000 $280,116
    $3k-4k 114 $32,900,000 $288,596
    $4k-5k 66 $20,250,000 $306,818
    $5k+ 64 $22,430,000 $350,469

    Capital Center's average total fees were $1,235, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,018 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,458 $608,030,000 $247,368
    4-5% 672 $155,160,000 $230,893
    2.5-3% 30 $8,680,000 $289,333
    5-6% 13 $2,175,000 $167,308

    During 2019, Capital Center's average interest rate for loans was 3.96%, while their most frequently originated rate bucket for loans was 3-4%, with 2,458 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,587 $440,175,000 $277,363 $1,233 3.88%
    $100k-200k 1,205 $184,235,000 $152,892 $829 3.85%
    $400k-600k 287 $134,125,000 $467,334 $1,426 3.80%
    $100,000 or less 83 $6,745,000 $81,265 $460 4.17%
    $600k-1MM 9 $5,955,000 $661,667 $3,372 3.71%
    $1MM+ 2 $2,810,000 $1,405,000 $1,109 4.06%

    2019 saw Capital Center place emphasis on $200k-400k loans with 1,587 originations, totaling $440,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 915 $241,215,000 $263,623 $1,212 3.85%
    $75k-100k 631 $139,195,000 $220,594 $1,130 3.86%
    $150k-250k 624 $193,720,000 $310,449 $1,148 3.83%
    $50k-75k 595 $114,715,000 $192,798 $1,023 3.91%
    $50k or less 273 $41,325,000 $151,374 $844 3.95%
    $250k+ 135 $43,875,000 $325,000 $834 3.87%

    Capital Center lent most frequently to those with incomes in the $100k-150k range, with 915 originations. The second most popular income band? $75k-100k, with 631 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 962 $233,940,000 $243,181 $897 3.83%
    30-36% 600 $152,200,000 $253,667 $1,212 3.88%
    <20% 481 $109,245,000 $227,121 $727 3.82%
    36% 112 $27,150,000 $242,411 $1,106 3.95%
    37% 101 $24,545,000 $243,020 $983 3.92%
    42% 97 $25,405,000 $261,907 $1,588 3.91%
    43% 95 $24,335,000 $256,158 $1,789 3.88%
    41% 94 $23,710,000 $252,234 $1,733 3.91%
    39% 92 $23,580,000 $256,304 $1,321 3.96%
    40% 87 $20,905,000 $240,287 $1,186 3.91%
    44% 81 $19,695,000 $243,148 $1,234 3.98%
    38% 74 $17,530,000 $236,892 $1,290 3.98%
    47% 69 $16,375,000 $237,319 $893 3.96%
    46% 56 $13,520,000 $241,429 $1,227 3.90%
    45% 53 $13,165,000 $248,396 $1,607 3.89%
    49% 44 $10,890,000 $247,500 $1,172 4.01%
    50-60% 37 $9,485,000 $256,351 $3,775 3.76%
    48% 35 $7,755,000 $221,571 $906 3.95%
    >60% 3 $615,000 $205,000 $51 4.21%

    Capital Center lent most frequently to those with DTI ratios of 20-30%, with 962 originations. The next most common DTI ratio? 30-36%, with 600 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,354 $575,690,000 $244,558 $1,107 3.87%
    Not provided 560 $136,260,000 $243,321 $976 3.88%
    Black 90 $19,370,000 $215,222 $1,691 3.86%
    Asian 76 $17,920,000 $235,789 $969 3.81%
    Asian Indian 49 $13,335,000 $272,143 $1,009 3.85%
    Chinese 9 $2,455,000 $272,778 $1,757 3.81%
    Other Asian 8 $2,280,000 $285,000 $214 3.94%
    Vietnamese 8 $2,250,000 $281,250 $160 3.91%
    American Indian 9 $1,685,000 $187,222 $1,702 3.78%
    Filipino 4 $1,130,000 $282,500 $2,749 4.25%
    Native Hawaiian or Islander 3 $1,125,000 $375,000 $2,830 3.42%
    Other Pacific Islander 2 $370,000 $185,000 $3,450 4.06%
    Samoan 1 $175,000 $175,000 $0 4.38%

    Approval Rates

    Total approvals of all applications
    88.76%

    Capital Center has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.09%

    Capital Center has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,173 $774,045,000 $243,947

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 3,173 $774,045,000 $243,947

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 173 $26,725,000 $154,480 $382 3.79%
    40-60% 492 $95,440,000 $193,984 $560 3.79%
    60-80% 1,566 $395,330,000 $252,446 $1,113 3.88%
    80-100% 923 $253,355,000 $274,491 $1,441 3.92%
    Over 100% 7 $1,645,000 $235,000 $7,867 3.41%
    Under 20% 12 $1,550,000 $129,167 $480 3.98%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Capital Markets Cooporative, LLC Conventional home mortgage Closing on a mortgage 2 4.7%
    Capital Markets Cooporative, LLC Conventional home mortgage Trouble during payment process 40 93.0%
    Capital Markets Cooporative, LLC Other type of mortgage Incorrect information on your report 1 2.3%