Capitol Bank Mortgage Rates, Fees & Info
Madison, WILEI: 2549006SBIS8ROWE8X84
Tax ID: 39-1826700
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Mortgage Data
Review & Overview
Capitol Bank is a smaller bank specializing in Home Purchase loans. Capitol Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Racine, Milwaukee, Watertown, and Platteville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Capitol Bank 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.81% | 11/17/24 |
| 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. | ||
Capitol Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
57Origination Dollar Volume (All Markets)
$31,365,000Top 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 |
|---|---|---|---|---|---|
| MADISON, WI (FHA|USDA|VA) | 43 | $19,295,000 | $448,721 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 3 | $9,025,000 | $3,008,333 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,230,000 | $307,500 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $31,365,000 | $550,263 | $0 | 0.00% |
For 2023, Capitol Bank's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2023, Capitol Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Other, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $31,365,000 | $550,263 | $0 | 0.00% |
For 2023, Capitol Bank's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2023 saw Capitol Bank place emphasis on $200k-400k loans with 26 originations, totaling $7,570,000 in origination value.
Applicant Income
Capitol Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $250k+, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $31,365,000 | $550,263 | $0 | 0.00% |
Capitol Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.67%
Capitol Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.21%
Capitol Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $31,365,000 | $550,263 |