Capitol Credit Union Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300I3SDXHG6BUD309

Tax ID: 74-6054885

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

Review & Overview

Capitol Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Capitol Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Austin, San Antonio, and Victoria among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Capitol Credit Union 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.

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
15 Year Conventional Purchase	6.53%	12/17/24
15 Year Conventional Refi	5.62%	12/17/24
15 Year Cash-out Refi	5.62%	12/17/24
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 Credit Union Mortgage Calculator

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This is not an official calculator from Capitol Credit Union. 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

Origination Dollar Volume (All Markets)

$6,835,000

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	67	$6,365,000	$95,000	$234	4.90%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	2	$200,000	$100,000	$0	6.38%
VICTORIA, TX (FHA\|USDA\|VA)	1	$195,000	$195,000	$468	3.49%
Outside of Metro Areas	1	$75,000	$75,000	$630	4.25%

Capitol Credit Union's top markets include Austin, San Antonio, and Victoria among others.

Their top states include:

Texas (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	71	$6,835,000	$96,268	$247	4.92%

For 2018, Capitol Credit Union's most frequently originated type of loan was Conventional, with 71 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Improvement	25	$2,305,000	$92,200	$295	4.62%
Other	24	$2,300,000	$95,833	$189	4.51%
Home Purchase	17	$1,625,000	$95,588	$0	5.94%
Refi	5	$605,000	$121,000	$313	4.85%

For 2018, Capitol Credit Union's most frequently cited loan purpose was Home Improvement, with 25 originations. The 2nd most popular reason was Other, with 24 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
15 Year	43	$5,015,000	$116,628	$340	5.29%
10 Year	14	$1,030,000	$73,571	$174	4.66%
5 Year	6	$510,000	$85,000	$170	3.70%
3 Year	4	$80,000	$20,000	$76	4.00%
Other	4	$200,000	$50,000	$126	4.56%

For 2018, Capitol Credit Union's most frequently cited loan duration was 15 Year, with 43 originations. The 2nd most popular length was 10 Year, with 14 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	51	$5,065,000	$99,314

Capitol Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 51 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	29	$2,975,000	$102,586
5-6%	18	$1,900,000	$105,556
3-4%	13	$985,000	$75,769
6-7%	11	$975,000	$88,636

During 2018, Capitol Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 29 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	44	$2,650,000	$60,227	$114	4.91%
$100k-200k	22	$2,980,000	$135,455	$296	4.93%
$200k-400k	5	$1,205,000	$241,000	$920	4.95%

2018 saw Capitol Credit Union place emphasis on $100,000 or less loans with 44 originations, totaling $2,650,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	27	$2,505,000	$92,778	$197	5.25%
$100k-150k	14	$1,340,000	$95,714	$162	5.05%
$75k-100k	11	$845,000	$76,818	$139	4.59%
$250k+	8	$1,150,000	$143,750	$836	4.69%
$50k-75k	7	$585,000	$83,571	$155	4.54%
$50k or less	3	$225,000	$75,000	$0	4.50%

Capitol Credit Union lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $100k-150k, with 14 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	17	$1,985,000	$116,765	$379	4.91%
20-30%	15	$1,115,000	$74,333	$161	4.40%
41%	6	$470,000	$78,333	$236	4.71%
38%	6	$500,000	$83,333	$128	5.39%
40%	5	$435,000	$87,000	$222	5.20%
36%	5	$645,000	$129,000	$215	4.90%
49%	3	$305,000	$101,667	$0	6.00%
39%	3	$255,000	$85,000	$65	5.83%
<20%	2	$150,000	$75,000	$348	3.87%
37%	2	$170,000	$85,000	$272	5.00%
46%	2	$210,000	$105,000	$65	5.38%
45%	1	$75,000	$75,000	$0	4.75%
>60%	1	$15,000	$15,000	$0	3.99%
47%	1	$85,000	$85,000	$0	6.25%
42%	1	$195,000	$195,000	$468	4.25%
43%	1	$225,000	$225,000	$253	5.25%

Capitol Credit Union lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 15 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	52	$5,200,000	$100,000	$271	4.90%
Not provided	13	$985,000	$75,769	$135	5.09%
American Indian	1	$215,000	$215,000	$478	5.25%
Asian	1	$185,000	$185,000	$468	4.25%
Black	3	$175,000	$58,333	$65	5.00%
Japanese	1	$75,000	$75,000	$65	3.49%

Approval Rates

Total approvals of all applications
80.61%

Capitol Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
88.73%

Capitol Credit Union has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	71	$6,835,000	$96,268

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	71	$6,835,000	$96,268

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	14	$1,510,000	$107,857	$185	4.84%
40-60%	11	$1,685,000	$153,182	$588	4.39%
60-80%	5	$965,000	$193,000	$384	4.37%
Under 20%	40	$2,570,000	$64,250	$123	5.15%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
CAPITAL ONE FINANCIAL CORPORATION	Other type of mortgage	Trouble during payment process	12	16.2%
CAPITAL ONE FINANCIAL CORPORATION	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	1	1.4%
CAPITAL ONE FINANCIAL CORPORATION	Other type of mortgage	Closing on a mortgage	2	2.7%
CAPITAL ONE FINANCIAL CORPORATION	Other type of mortgage	Incorrect information on your report	2	2.7%
CAPITAL ONE FINANCIAL CORPORATION	Other type of mortgage	Struggling to pay mortgage	2	2.7%
CAPITAL ONE FINANCIAL CORPORATION	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	4	5.4%
CAPITAL ONE FINANCIAL CORPORATION	Conventional home mortgage	Closing on a mortgage	2	2.7%
CAPITAL ONE FINANCIAL CORPORATION	Conventional home mortgage	Problem with a credit reporting company's investigation into an existing problem	1	1.4%
CAPITAL ONE FINANCIAL CORPORATION	Conventional home mortgage	Struggling to pay mortgage	8	10.8%
CAPITAL ONE FINANCIAL CORPORATION	Conventional home mortgage	Trouble during payment process	21	28.4%
CAPITAL ONE FINANCIAL CORPORATION	FHA mortgage	Struggling to pay mortgage	1	1.4%
CAPITAL ONE FINANCIAL CORPORATION	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	6	8.1%
CAPITAL ONE FINANCIAL CORPORATION	Home equity loan or line of credit (HELOC)	Closing on a mortgage	3	4.1%
CAPITAL ONE FINANCIAL CORPORATION	Home equity loan or line of credit (HELOC)	Incorrect information on your report	1	1.4%
CAPITAL ONE FINANCIAL CORPORATION	Home equity loan or line of credit (HELOC)	Trouble during payment process	8	10.8%