Capital Credit Union Mortgage Rates, Fees & Info

Bismarck, ND

LEI: 549300VF12R0WS33KN43

Tax ID: 45-0226724

5 stars - out of 5 stars, based on 30 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Capital Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Capital Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Bismarck, Fargo, Fergus Falls, Phoenix, and Grand Forks among others. Capital Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Capital Credit Union is typically an average fee lendor.


Originations

898

Origination Dollar Volume (All Markets)

$216,360,000
Show all (8) awards

Relative Rate

Capital Credit Union's average 30 year fixed rate mortgage of loans were 2.8%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.35%.

Relative Fees

Capital Credit Union's average total fees for a 30 year fixed rate mortgage are $5,266.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
BISMARCK, ND (FHA|USDA|VA) 480 $113,500,000 $236,458 $4,752 2.86%
FARGO, ND-MN (FHA|USDA|VA) 231 $61,045,000 $264,264 $4,220 3.65%
Outside of Metro Areas 127 $23,565,000 $185,551 $4,499 2.97%
Fergus Falls, MN (FHA|USDA|VA) 10 $5,300,000 $530,000 $8,695 3.10%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 9 $2,515,000 $279,444 $4,141 3.19%
GRAND FORKS, ND-MN (FHA|USDA|VA) 10 $2,020,000 $202,000 $4,486 2.64%
Wahpeton, ND-MN (FHA|USDA|VA) 9 $1,725,000 $191,667 $5,610 3.00%
Jamestown, ND (FHA|USDA|VA) 3 $1,345,000 $448,333 $4,874 3.07%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,080,000 $270,000 $3,668 2.63%
Minot, ND (FHA|USDA|VA) 3 $725,000 $241,667 $4,920 2.63%
Dickinson, ND (FHA|USDA|VA) 3 $675,000 $225,000 $6,031 4.01%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $545,000 $545,000 $8,565 2.88%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $495,000 $495,000 $4,309 2.75%
Bemidji, MN (FHA|USDA|VA) 2 $460,000 $230,000 $5,108 2.13%
BILLINGS, MT (FHA|USDA|VA) 1 $455,000 $455,000 $21,932 2.38%
SALEM, OR (FHA|USDA|VA) 1 $305,000 $305,000 $9,120 2.63%
Williston, ND (FHA|USDA|VA) 1 $255,000 $255,000 $10,176 2.25%
MANHATTAN, KS (FHA|USDA|VA) 1 $245,000 $245,000 $2,554 2.49%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $105,000 $105,000 $3,108 2.99%

Capital Credit Union's top markets include Bismarck, Fargo, Fergus Falls, Phoenix, and Grand Forks among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 811 $196,215,000 $241,942 $4,475 3.12%
FHA 50 $10,980,000 $219,600 $8,661 2.90%
VA 28 $7,820,000 $279,286 $6,446 2.36%
USDA 9 $1,345,000 $149,444 $8,363 2.94%

For the 2021 period, Capital Credit Union's most frequently originated loan type of loans were Conventional, with 811 originations. Their 2nd most popular type is FHA, with 50 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 407 $107,585,000 $264,337 $5,498 2.90%
Refi 296 $68,100,000 $230,068 $4,152 3.20%
Cash Out Refi 157 $37,035,000 $235,892 $4,872 2.77%
Home Improvement 33 $3,365,000 $101,970 $1,333 5.34%
Other 5 $275,000 $55,000 $232 5.50%

For the 2021, Capital Credit Union's most frequently cited loan purpose of loans were Home Purchase, with 407 originations. The 2nd most popular reason of loans were Refi, with 296 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 490 $123,940,000 $252,939 $5,266 2.80%
15 Year 181 $39,495,000 $218,204 $4,132 2.40%
5 Year 94 $29,670,000 $315,638 $235 5.56%
20 Year 65 $13,735,000 $211,308 $4,187 2.61%
Other 35 $5,175,000 $147,857 $5,022 3.82%
10 Year 29 $2,825,000 $97,414 $2,234 3.89%
3 Year 2 $620,000 $310,000 $0 4.50%
1 Year 2 $900,000 $450,000 $0 4.63%

For the 2021, Capital Credit Union's most frequently cited loan length of loans were 30 Year, with 490 originations. The 2nd most popular length of loans were 15 Year, with 181 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 244 $43,700,000 $179,098
$3k-4k 237 $70,795,000 $298,713
$<1k 167 $32,195,000 $192,784
$1k-2k 91 $13,945,000 $153,242
$5k+ 36 $20,610,000 $572,500

$5,266 of loans were Capital Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 244 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 333 $75,905,000 $227,943
2.5-3% 304 $78,460,000 $258,092
3-4% 215 $56,605,000 $263,279
6-7% 27 $1,965,000 $72,778
4-5% 14 $2,640,000 $188,571
5-6% 3 $285,000 $95,000
Over 8% 2 $500,000 $250,000

During 2021, Capital Credit Union's average interest rate of loans were 2.80%, while their most frequently originated rate bucket of loans were <2.5%, with 333 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 379 $102,505,000 $270,462 $5,263 2.94%
$100k-200k 340 $52,290,000 $153,794 $3,916 3.11%
$100,000 or less 101 $6,465,000 $64,010 $2,189 3.71%
$400k-600k 61 $29,935,000 $490,738 $7,288 2.72%
$600k-1MM 10 $7,520,000 $752,000 $8,072 3.15%
$1MM+ 7 $17,645,000 $2,520,714 $18,488 3.26%

2021 saw Capital Credit Union place emphasis on $200k-400k loans with 379 originations, totaling $102,505,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 201 $47,075,000 $234,204 $4,909 2.75%
$50k-75k 181 $33,635,000 $185,829 $4,483 2.81%
$75k-100k 146 $32,370,000 $221,712 $4,642 2.77%
$150k-250k 122 $34,800,000 $285,246 $4,707 2.93%
$50k or less 95 $13,585,000 $143,000 $3,727 2.76%
$250k+ 48 $22,380,000 $466,250 $6,204 2.91%

Capital Credit Union lent most frequently to those with incomes in the $100k-150k range, with 201 originations. The second most popular income band? $50k-75k, with 181 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 210 $50,730,000 $241,571 $4,488 2.77%
30-36% 152 $34,710,000 $228,355 $4,703 2.86%
<20% 100 $20,670,000 $206,700 $4,412 2.65%
43% 29 $6,245,000 $215,345 $4,547 2.97%
44% 29 $7,445,000 $256,724 $5,278 2.86%
42% 27 $5,865,000 $217,222 $4,868 2.77%
36% 27 $5,655,000 $209,444 $4,364 3.01%
41% 24 $5,700,000 $237,500 $4,813 2.64%
39% 24 $6,360,000 $265,000 $5,244 2.68%
38% 24 $5,220,000 $217,500 $3,994 3.09%
37% 24 $5,460,000 $227,500 $4,883 3.06%
40% 23 $5,205,000 $226,304 $4,816 2.61%
45% 19 $3,975,000 $209,211 $4,259 2.93%
50-60% 16 $5,380,000 $336,250 $7,855 2.77%
47% 15 $3,975,000 $265,000 $5,420 2.79%
46% 14 $2,910,000 $207,857 $5,625 2.75%
49% 14 $3,050,000 $217,857 $4,252 2.70%
48% 13 $3,285,000 $252,692 $6,064 3.03%
>60% 1 $235,000 $235,000 $0 3.30%

Capital Credit Union lent most frequently to those with DTI ratios of 20-30%, with 210 originations. The next most common DTI ratio? 30-36%, with 152 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 731 $170,725,000 $233,550 $4,710 2.79%
Not applicable 99 $30,605,000 $309,141 $0 5.25%
Not provided 37 $7,685,000 $207,703 $4,353 3.33%
American Indian 12 $2,190,000 $182,500 $3,037 2.80%
Asian 7 $2,005,000 $286,429 $5,874 2.93%
Black 8 $1,850,000 $231,250 $5,146 2.74%
Asian Indian 3 $1,125,000 $375,000 $5,400 2.13%
Native Hawaiian 1 $175,000 $175,000 $4,651 3.13%

Approval Rates

Total approvals of all applications
97.04%

Capital Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
84.69%

Capital Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 898 $216,360,000 $240,935

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
898 $216,360,000 $240,935

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 51 $6,135,000 $120,294 $2,844 3.25%
40-60% 102 $19,550,000 $191,667 $3,783 2.50%
60-80% 367 $94,645,000 $257,888 $4,846 3.20%
80-100% 346 $92,770,000 $268,121 $5,364 2.89%
Over 100% 6 $2,030,000 $338,333 $14,246 2.40%
Under 20% 25 $1,095,000 $43,800 $227 6.06%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
CAPITAL CENTER LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%