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 small mortgage company specializing in 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 Raleigh among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Capital Center has an above 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% 4/18/24
    30 Year Conventional Refi 6.44% 4/18/24
    30 Year Cash-out Refi 6.50% 4/18/24
    30 Year FHA Purchase 6.97% 4/18/24
    30 Year FHA Refi 6.22% 4/18/24
    30 Year VA Purchase 6.02% 4/18/24
    30 Year VA Refi 5.80% 4/18/24
    15 Year Conventional Purchase 6.01% 4/18/24
    15 Year Conventional Refi 5.97% 4/18/24
    15 Year Cash-out Refi 5.97% 4/18/24
    15 Year FHA Refi 5.68% 4/18/24
    15 Year VA Purchase 5.98% 4/18/24
    15 Year VA Refi 5.68% 4/18/24
    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

    7,429

    Origination Dollar Volume (All Markets)

    $1,710,005,000
    Show all (17) 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) 5,204 $1,205,040,000 $231,560 $1,212 3.30%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 945 $215,155,000 $227,677 $1,231 3.25%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 202 $62,560,000 $309,703 $1,230 3.27%
    Outside of Metro Areas 264 $55,660,000 $210,833 $964 3.29%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 174 $40,500,000 $232,759 $1,123 3.28%
    RALEIGH-CARY, NC (FHA|USDA|VA) 195 $38,785,000 $198,897 $933 3.13%
    Kill Devil Hills, NC (FHA|USDA|VA) 52 $13,880,000 $266,923 $1,365 3.30%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 65 $13,525,000 $208,077 $830 3.23%
    ROANOKE, VA (FHA|USDA|VA) 55 $10,325,000 $187,727 $1,111 3.31%
    LYNCHBURG, VA (FHA|USDA|VA) 44 $9,890,000 $224,773 $801 3.33%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 34 $7,820,000 $230,000 $1,164 3.07%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 23 $4,115,000 $178,913 $1,224 3.16%
    STAUNTON, VA (FHA|USDA|VA) 18 $3,270,000 $181,667 $1,096 3.10%
    HARRISONBURG, VA (FHA|USDA|VA) 17 $2,935,000 $172,647 $1,026 3.13%
    Roanoke Rapids, NC (FHA|USDA|VA) 9 $2,185,000 $242,778 $1,552 3.15%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 13 $2,155,000 $165,769 $1,016 3.14%
    WINSTON-SALEM, NC (FHA|USDA|VA) 8 $2,040,000 $255,000 $836 3.48%
    WILMINGTON, NC (FHA|USDA|VA) 10 $2,030,000 $203,000 $1,303 3.01%
    Morehead City, NC (FHA|USDA|VA) 9 $1,885,000 $209,444 $558 3.28%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 11 $1,865,000 $169,545 $1,530 3.05%
    FAYETTEVILLE, NC (FHA|USDA|VA) 11 $1,615,000 $146,818 $1,384 3.19%
    Elizabeth City, NC (FHA|USDA|VA) 6 $1,400,000 $233,333 $641 3.27%
    ASHEVILLE, NC (FHA|USDA|VA) 5 $1,395,000 $279,000 $4,315 2.90%
    WINCHESTER, VA-WV (FHA|USDA|VA) 7 $1,205,000 $172,143 $643 3.52%
    ROCKY MOUNT, NC (FHA|USDA|VA) 6 $1,090,000 $181,667 $922 3.08%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $885,000 $177,000 $1,965 3.55%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $880,000 $220,000 $1,055 2.97%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 4 $790,000 $197,500 $571 3.25%
    NEW BERN, NC (FHA|USDA|VA) 3 $735,000 $245,000 $268 3.58%
    Boone, NC (FHA|USDA|VA) 2 $600,000 $300,000 $0 3.50%
    Marion, NC (FHA|USDA|VA) 2 $540,000 $270,000 $418 3.63%
    BURLINGTON, NC (FHA|USDA|VA) 4 $540,000 $135,000 $1,472 3.06%
    GREENVILLE, NC (FHA|USDA|VA) 3 $525,000 $175,000 $1,537 3.63%
    Brevard, NC (FHA|USDA|VA) 2 $420,000 $210,000 $985 2.81%
    JACKSONVILLE, NC (FHA|USDA|VA) 3 $415,000 $138,333 $1,280 3.00%
    North Wilkesboro, NC (FHA|USDA|VA) 2 $390,000 $195,000 $974 3.44%
    GOLDSBORO, NC (FHA|USDA|VA) 2 $270,000 $135,000 $1,080 2.75%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $145,000 $145,000 $3,028 3.38%
    Lumberton, NC (FHA|USDA|VA) 1 $115,000 $115,000 $874 3.13%
    Danville, VA (FHA|USDA|VA) 1 $115,000 $115,000 $557 3.75%
    Wilson, NC (FHA|USDA|VA) 1 $105,000 $105,000 $505 3.50%
    Seneca, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.88%
    Washington, NC (FHA|USDA|VA) 1 $105,000 $105,000 $1,044 2.75%
    Capital Center's top markets include Richmond, Virginia Beach, Washington, Charlottesville, and Raleigh among others.

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

    NATIONAL BANKSHARES, INC.
    Similarity Rank: 60
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 90
    Greenville Heritage Federal Credit Union
    Similarity Rank: 438
    Barley Mortgage, LLC
    Similarity Rank: 441
    ABNB Federal Credit Union
    Similarity Rank: 496
    DUPONT COMMUNITY
    Similarity Rank: 650
    BLMC, INC
    Similarity Rank: 720
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 931
    Belmont Savings Bank, SSB
    Similarity Rank: 1040
    Poli Mortgage Group, Inc.
    Similarity Rank: 1100

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,245 $1,659,135,000 $229,004 $1,119 3.29%
    VA 115 $32,905,000 $286,130 $2,904 2.92%
    FHA 69 $17,965,000 $260,362 $5,342 3.15%

    For 2020, Capital Center's most frequently originated type of loan was Conventional, with 7,245 originations. Their 2nd most popular type was VA, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 4,889 $1,129,505,000 $231,030 $897 3.27%
    Cash Out Refi 1,529 $325,265,000 $212,731 $1,894 3.35%
    Home Purchase 1,011 $255,235,000 $252,458 $1,496 3.24%

    For 2020, Capital Center's most frequently cited loan purpose was Refi, with 4,889 originations. The 2nd most popular reason was Cash Out Refi, with 1,529 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,596 $1,121,870,000 $244,097 $1,344 3.41%
    15 Year 1,710 $345,170,000 $201,854 $926 2.97%
    20 Year 827 $190,435,000 $230,272 $1,067 3.31%
    10 Year 244 $39,750,000 $162,910 $659 2.96%
    Other 52 $12,780,000 $245,769 $883 3.39%

    For 2020, Capital Center's most frequently cited loan duration was 30 Year, with 4,596 originations. The 2nd most popular length was 15 Year, with 1,710 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,399 $997,845,000 $226,835
    $1k-2k 1,088 $237,430,000 $218,226
    $2k-3k 671 $162,395,000 $242,019
    $3k-4k 398 $105,520,000 $265,126
    $5k+ 240 $79,260,000 $330,250
    $4k-5k 201 $57,115,000 $284,154

    Capital Center's average total fees were $1,344, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,399 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 5,134 $1,197,270,000 $233,204
    2.5-3% 1,912 $422,840,000 $221,151
    <2.5% 342 $81,380,000 $237,953
    4-5% 40 $8,340,000 $208,500
    5-6% 1 $175,000 $175,000

    During 2020, Capital Center's average interest rate for loans was 3.41%, while their most frequently originated rate bucket for loans was 3-4%, with 5,134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,585 $978,625,000 $272,978 $1,378 3.29%
    $100k-200k 3,236 $492,190,000 $152,098 $825 3.27%
    $400k-600k 479 $221,215,000 $461,827 $2,052 3.30%
    $100,000 or less 116 $9,330,000 $80,431 $1,211 3.47%
    $600k-1MM 13 $8,645,000 $665,000 $1,371 3.43%

    2020 saw Capital Center place emphasis on $200k-400k loans with 3,585 originations, totaling $978,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,184 $543,130,000 $248,686 $1,236 3.27%
    $50k-75k 1,492 $278,020,000 $186,340 $1,031 3.30%
    $75k-100k 1,438 $306,560,000 $213,185 $1,243 3.31%
    $150k-250k 1,365 $386,705,000 $283,300 $1,348 3.24%
    $50k or less 647 $99,545,000 $153,856 $942 3.33%
    $250k+ 302 $95,870,000 $317,450 $1,268 3.22%

    Capital Center lent most frequently to those with incomes in the $100k-150k range, with 2,184 originations. The second most popular income band? $50k-75k, with 1,492 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,364 $555,150,000 $234,835 $1,106 3.27%
    30-36% 1,425 $330,905,000 $232,214 $1,215 3.29%
    <20% 1,357 $294,445,000 $216,982 $864 3.23%
    38% 220 $49,800,000 $226,364 $1,414 3.31%
    36% 214 $50,990,000 $238,271 $1,249 3.33%
    41% 204 $45,180,000 $221,471 $1,222 3.35%
    39% 199 $46,785,000 $235,101 $1,262 3.35%
    37% 199 $46,215,000 $232,236 $1,365 3.36%
    44% 177 $42,535,000 $240,311 $1,759 3.32%
    42% 175 $41,975,000 $239,857 $1,481 3.29%
    43% 169 $40,005,000 $236,716 $1,645 3.25%
    40% 163 $37,905,000 $232,546 $1,549 3.32%
    45% 136 $31,760,000 $233,529 $1,641 3.28%
    47% 111 $24,485,000 $220,586 $1,426 3.34%
    48% 109 $25,645,000 $235,275 $1,610 3.33%
    46% 103 $23,475,000 $227,913 $1,737 3.26%
    49% 81 $17,725,000 $218,827 $1,226 3.33%
    50-60% 22 $4,770,000 $216,818 $3,290 3.28%
    >60% 1 $255,000 $255,000 $0 3.75%

    Capital Center lent most frequently to those with DTI ratios of 20-30%, with 2,364 originations. The next most common DTI ratio? 30-36%, with 1,425 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,026 $1,387,350,000 $230,227 $1,174 3.29%
    Not provided 869 $197,405,000 $227,163 $1,195 3.28%
    Black 201 $42,795,000 $212,910 $1,628 3.25%
    Asian 136 $33,780,000 $248,382 $1,160 3.26%
    Asian Indian 111 $29,595,000 $266,622 $872 3.12%
    Other Asian 20 $5,270,000 $263,500 $1,835 3.17%
    Chinese 20 $4,500,000 $225,000 $1,280 3.11%
    American Indian 21 $4,185,000 $199,286 $1,820 3.31%
    Filipino 11 $1,965,000 $178,636 $1,490 3.13%
    Korean 4 $900,000 $225,000 $0 3.38%
    Vietnamese 4 $860,000 $215,000 $3,156 3.19%
    Native Hawaiian or Islander 2 $520,000 $260,000 $5,364 3.50%
    Japanese 1 $325,000 $325,000 $0 3.63%
    Other Pacific Islander 1 $235,000 $235,000 $0 3.38%
    Samoan 1 $165,000 $165,000 $1,200 3.13%
    Guamanian 1 $155,000 $155,000 $0 2.88%

    Approval Rates

    Total approvals of all applications
    90.48%

    Capital Center has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.18%

    Capital Center has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,429 $1,710,005,000 $230,180

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 7,429 $1,710,005,000 $230,180

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 510 $75,100,000 $147,255 $555 3.14%
    40-60% 1,580 $307,330,000 $194,513 $856 3.19%
    60-80% 3,908 $942,560,000 $241,187 $1,329 3.33%
    80-100% 1,397 $379,195,000 $271,435 $1,388 3.33%
    Over 100% 9 $2,615,000 $290,556 $8,792 3.07%
    Under 20% 25 $3,205,000 $128,200 $432 3.18%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Capital Mortgage Reverse mortgage Closing on a mortgage 1 100.0%