Capital Credit Union Mortgage Rates, Fees & Info

Bismarck, ND

LEI: 549300VF12R0WS33KN43

Tax ID: 45-0226724

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 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 by origination volume include: Bismarck, Fargo, Fergus Falls, Phoenix, and Wahpeton among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Capital Credit Union 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 Credit Union is typically an average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.59% 11/21/24
    30 Year Conventional Purchase 6.21% 11/21/24
    30 Year Conventional Refi 6.26% 11/21/24
    30 Year Cash-out Refi 6.36% 11/21/24
    30 Year FHA Purchase 7.36% 11/21/24
    30 Year FHA Refi 6.89% 11/21/24
    30 Year VA Purchase 5.89% 11/21/24
    30 Year VA Refi 5.88% 11/21/24
    30 Year USDA Purchase 6.69% 11/21/24
    15 Year Conventional Purchase 5.89% 11/21/24
    15 Year Conventional Refi 5.62% 11/21/24
    15 Year Cash-out Refi 5.62% 11/21/24
    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 Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Capital 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

    368

    Origination Dollar Volume (All Markets)

    $82,910,000
    Show all (5) 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
    BISMARCK, ND (FHA|USDA|VA) 264 $51,500,000 $195,076 $4,701 4.37%
    FARGO, ND-MN (FHA|USDA|VA) 39 $18,645,000 $478,077 $5,037 3.87%
    Outside of Metro Areas 51 $9,465,000 $185,588 $4,887 4.18%
    Fergus Falls, MN (FHA|USDA|VA) 5 $965,000 $193,000 $3,683 3.73%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $575,000 $575,000 $7,201 5.25%
    Wahpeton, ND-MN (FHA|USDA|VA) 2 $550,000 $275,000 $5,768 3.31%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $475,000 $475,000 $8,767 3.63%
    Minot, ND (FHA|USDA|VA) 2 $270,000 $135,000 $2,870 4.06%
    WICHITA, KS (FHA|USDA|VA) 2 $270,000 $135,000 $4,063 4.75%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $195,000 $195,000 $3,957 2.88%
    Capital Credit Union's top markets include Bismarck, Fargo, Fergus Falls, Phoenix, and Wahpeton among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against CAPITAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    T & C REAL ESTATE SERVICES LLC
    Similarity Rank: 440
    Tradition Mortgage, LLC
    Similarity Rank: 444
    CAPITAL CREDIT UNION
    Similarity Rank: 490
    VALLEY MORTGAGE, INC.
    Similarity Rank: 550
    Deere Employees Credit Union
    Similarity Rank: 594
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 627
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 672
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 732
    DHA FINANCIAL, LLC
    Similarity Rank: 912
    Western State Bank
    Similarity Rank: 1220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 325 $74,515,000 $229,277 $4,433 4.33%
    FHA 26 $5,000,000 $192,308 $7,092 3.90%
    VA 15 $3,095,000 $206,333 $6,332 3.65%
    USDA 2 $300,000 $150,000 $4,860 4.60%

    For 2019, Capital Credit Union's most frequently originated type of loan was Conventional, with 325 originations. Their 2nd most popular type was FHA, with 26 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 219 $42,365,000 $193,447 $5,144 4.42%
    Refi 84 $27,850,000 $331,548 $4,298 4.05%
    Cash Out Refi 58 $12,300,000 $212,069 $4,604 3.98%
    Other 5 $325,000 $65,000 $215 4.60%
    Home Improvement 2 $70,000 $35,000 $190 4.25%

    For 2019, Capital Credit Union's most frequently cited loan purpose was Home Purchase, with 219 originations. The 2nd most popular reason was Refi, with 84 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 240 $54,600,000 $227,500 $5,109 3.94%
    15 Year 47 $7,025,000 $149,468 $3,738 4.13%
    10 Year 25 $1,575,000 $63,000 $2,344 5.78%
    20 Year 20 $3,360,000 $168,000 $4,935 5.23%
    Other 17 $12,395,000 $729,118 $2,839 5.11%
    5 Year 16 $3,570,000 $223,125 $218 5.00%
    1 Year 1 $215,000 $215,000 $0 5.25%
    30+ year 1 $45,000 $45,000 $0 6.50%
    3 Year 1 $125,000 $125,000 $0 5.18%

    For 2019, Capital Credit Union's most frequently cited loan duration was 30 Year, with 240 originations. The 2nd most popular length was 15 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 99 $19,415,000 $196,111
    $3k-4k 84 $21,970,000 $261,548
    $<1k 69 $11,455,000 $166,014
    $1k-2k 25 $3,005,000 $120,200
    $4k-5k 24 $7,910,000 $329,583
    $5k+ 5 $2,275,000 $455,000

    Capital Credit Union's average total fees were $5,109, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 99 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 180 $45,130,000 $250,722
    4-5% 114 $21,870,000 $191,842
    6-7% 28 $1,030,000 $36,786
    2.5-3% 19 $4,005,000 $210,789
    5-6% 17 $10,415,000 $612,647
    Over 8% 7 $285,000 $40,714
    7-8% 3 $175,000 $58,333

    During 2019, Capital Credit Union's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 180 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 159 $42,315,000 $266,132 $5,582 3.85%
    $100k-200k 121 $19,035,000 $157,314 $4,113 4.09%
    $100,000 or less 70 $3,290,000 $47,000 $2,237 5.58%
    $400k-600k 14 $6,450,000 $460,714 $6,708 3.78%
    $1MM+ 4 $11,820,000 $2,955,000 $0 5.10%

    2019 saw Capital Credit Union place emphasis on $200k-400k loans with 159 originations, totaling $42,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 98 $16,180,000 $165,102 $4,882 4.52%
    $75k-100k 74 $16,110,000 $217,703 $4,929 3.90%
    $100k-150k 72 $16,940,000 $235,278 $4,743 3.89%
    $50k or less 57 $5,985,000 $105,000 $3,919 4.89%
    $150k-250k 33 $9,195,000 $278,636 $5,377 3.83%
    $250k+ 14 $4,800,000 $342,857 $4,582 3.95%

    Capital Credit Union lent most frequently to those with incomes in the $50k-75k range, with 98 originations. The second most popular income band? $75k-100k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 95 $19,455,000 $204,789 $4,706 4.19%
    30-36% 54 $10,510,000 $194,630 $4,572 4.09%
    <20% 36 $5,550,000 $154,167 $3,502 3.98%
    41% 21 $4,065,000 $193,571 $4,792 4.44%
    39% 19 $3,075,000 $161,842 $4,819 4.78%
    38% 18 $3,110,000 $172,778 $4,460 4.61%
    50-60% 14 $3,130,000 $223,571 $7,210 3.91%
    37% 13 $1,655,000 $127,308 $3,914 4.93%
    44% 12 $2,810,000 $234,167 $4,926 4.10%
    42% 11 $2,005,000 $182,273 $4,461 3.97%
    40% 11 $2,445,000 $222,273 $5,183 4.54%
    36% 10 $2,510,000 $251,000 $4,957 4.30%
    47% 8 $1,500,000 $187,500 $5,871 4.19%
    43% 8 $1,750,000 $218,750 $4,792 3.95%
    45% 7 $1,485,000 $212,143 $5,115 3.97%
    46% 5 $1,225,000 $245,000 $5,602 3.93%
    >60% 3 $1,625,000 $541,667 $5,283 4.43%
    48% 2 $690,000 $345,000 $7,370 3.98%
    49% 1 $415,000 $415,000 $7,554 4.00%

    Capital Credit Union lent most frequently to those with DTI ratios of 20-30%, with 95 originations. The next most common DTI ratio? 30-36%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 336 $66,380,000 $197,560 $4,800 4.23%
    Not applicable 22 $14,770,000 $671,364 $271 4.94%
    Asian 3 $825,000 $275,000 $5,210 4.13%
    Black 3 $595,000 $198,333 $6,065 4.10%
    Not provided 4 $340,000 $85,000 $1,615 4.34%

    Approval Rates

    Total approvals of all applications
    93.01%

    Capital Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.84%

    Capital Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 368 $82,910,000 $225,299

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $12,915,000 $1,845,000
    Single Family (1-4 Units):Manufactured 47 $2,885,000 $61,383
    Single Family (1-4 Units):Site-Built 314 $67,110,000 $213,726

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $3,215,000 $214,333 $1,129 4.47%
    40-60% 38 $12,230,000 $321,842 $4,302 4.27%
    60-80% 119 $27,865,000 $234,160 $4,912 4.39%
    80-100% 184 $37,680,000 $204,783 $5,132 4.13%
    Over 100% 2 $330,000 $165,000 $8,099 3.19%
    Under 20% 7 $515,000 $73,571 $220 4.60%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 7.7%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.7%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 3 11.5%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 3 11.5%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 10 38.5%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 7.7%