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 Refi, Home Purchase, and Cash Out Refi loans. Capital Credit Union 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Bismarck, Fargo, Fergus Falls, Phoenix, and Grand Forks among others. We have data for 18 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 an above 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% 11/22/24
    30 Year Conventional Purchase 6.21% 11/22/24
    30 Year Conventional Refi 6.26% 11/22/24
    30 Year Cash-out Refi 6.36% 11/22/24
    30 Year FHA Purchase 7.36% 11/22/24
    30 Year FHA Refi 6.89% 11/22/24
    30 Year VA Purchase 5.89% 11/22/24
    30 Year VA Refi 5.88% 11/22/24
    30 Year USDA Purchase 6.69% 11/22/24
    15 Year Conventional Purchase 5.89% 11/22/24
    15 Year Conventional Refi 5.62% 11/22/24
    15 Year Cash-out Refi 5.62% 11/22/24
    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

    1,009

    Origination Dollar Volume (All Markets)

    $236,495,000
    Show all (6) 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) 677 $154,315,000 $227,939 $4,763 2.84%
    FARGO, ND-MN (FHA|USDA|VA) 179 $49,135,000 $274,497 $3,933 2.78%
    Outside of Metro Areas 99 $18,395,000 $185,808 $4,489 2.97%
    Fergus Falls, MN (FHA|USDA|VA) 19 $6,155,000 $323,947 $4,172 2.87%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,595,000 $531,667 $8,690 2.71%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 7 $1,425,000 $203,571 $4,063 2.48%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $1,265,000 $253,000 $3,693 2.75%
    Dickinson, ND (FHA|USDA|VA) 6 $1,080,000 $180,000 $3,967 4.06%
    Wahpeton, ND-MN (FHA|USDA|VA) 5 $565,000 $113,000 $2,829 3.51%
    Fairmont, MN (FHA|USDA|VA) 1 $495,000 $495,000 $6,458 3.13%
    Spearfish, SD (FHA|USDA|VA) 1 $435,000 $435,000 $0 3.75%
    SALEM, OR (FHA|USDA|VA) 1 $375,000 $375,000 $5,481 2.25%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $325,000 $325,000 $6,363 2.75%
    Williston, ND (FHA|USDA|VA) 1 $315,000 $315,000 $6,321 2.75%
    Owatonna, MN (FHA|USDA|VA) 1 $175,000 $175,000 $6,526 2.38%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $165,000 $165,000 $3,478 2.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,379 3.88%
    COLUMBUS, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,168 2.38%
    Capital Credit Union's top markets include Bismarck, Fargo, Fergus Falls, Phoenix, and Grand Forks among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Oregon (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: 455
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 825
    VALLEY MORTGAGE, INC.
    Similarity Rank: 938
    Tradition Mortgage, LLC
    Similarity Rank: 1029
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 1104
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 1232
    Starion Bank
    Similarity Rank: 1287
    CAPITAL CREDIT UNION
    Similarity Rank: 1422
    Western State Bank
    Similarity Rank: 1653
    AFFINITY PLUS
    Similarity Rank: 2139

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 943 $220,425,000 $233,749 $4,463 2.83%
    FHA 36 $7,610,000 $211,389 $7,070 3.38%
    VA 25 $7,525,000 $301,000 $5,415 2.68%
    USDA 5 $935,000 $187,000 $6,195 2.94%

    For 2020, Capital Credit Union's most frequently originated type of loan was Conventional, with 943 originations. Their 2nd most popular type was FHA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 432 $103,360,000 $239,259 $4,236 2.72%
    Home Purchase 289 $67,845,000 $234,758 $4,929 3.13%
    Cash Out Refi 278 $64,990,000 $233,777 $4,852 2.70%
    Home Improvement 9 $285,000 $31,667 $311 4.37%
    Other 1 $15,000 $15,000 $375 6.00%

    For 2020, Capital Credit Union's most frequently cited loan purpose was Refi, with 432 originations. The 2nd most popular reason was Home Purchase, with 289 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 505 $124,435,000 $246,406 $4,919 2.89%
    15 Year 245 $48,565,000 $198,224 $4,183 2.52%
    20 Year 134 $40,110,000 $299,328 $4,567 2.76%
    10 Year 58 $10,420,000 $179,655 $3,531 2.66%
    5 Year 41 $7,095,000 $173,049 $300 4.11%
    Other 18 $4,250,000 $236,111 $1,624 4.12%
    1 Year 3 $535,000 $178,333 $0 3.88%
    3 Year 3 $715,000 $238,333 $0 3.62%
    30+ year 2 $370,000 $185,000 $3,551 2.69%

    For 2020, Capital Credit Union's most frequently cited loan duration was 30 Year, with 505 originations. The 2nd most popular length was 15 Year, with 245 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 306 $54,700,000 $178,758
    $3k-4k 246 $64,680,000 $262,927
    $<1k 168 $37,540,000 $223,452
    $4k-5k 92 $32,660,000 $355,000
    $1k-2k 86 $10,550,000 $122,674
    $5k+ 21 $10,395,000 $495,000

    Capital Credit Union's average total fees were $4,919, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 306 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 406 $92,260,000 $227,241
    2.5-3% 359 $86,095,000 $239,819
    3-4% 185 $39,475,000 $213,378
    4-5% 37 $17,375,000 $469,595
    6-7% 6 $270,000 $45,000
    5-6% 2 $240,000 $120,000
    Over 8% 2 $80,000 $40,000

    During 2020, Capital Credit Union's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was <2.5%, with 406 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 488 $132,480,000 $271,475 $5,097 2.78%
    $100k-200k 380 $59,860,000 $157,526 $3,924 2.79%
    $100,000 or less 83 $5,175,000 $62,349 $2,624 3.64%
    $400k-600k 51 $23,385,000 $458,529 $6,269 2.73%
    $1MM+ 5 $14,115,000 $2,823,000 $19,077 3.17%
    $600k-1MM 2 $1,480,000 $740,000 $6,727 3.46%

    2020 saw Capital Credit Union place emphasis on $200k-400k loans with 488 originations, totaling $132,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 309 $77,795,000 $251,764 $4,881 2.65%
    $50k-75k 201 $36,295,000 $180,572 $4,225 2.92%
    $75k-100k 180 $37,150,000 $206,389 $4,521 2.84%
    $150k-250k 153 $39,935,000 $261,013 $4,826 2.68%
    $50k or less 86 $13,520,000 $157,209 $3,872 3.03%
    $250k+ 25 $9,295,000 $371,800 $5,507 2.77%

    Capital Credit Union lent most frequently to those with incomes in the $100k-150k range, with 309 originations. The second most popular income band? $50k-75k, with 201 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 312 $68,790,000 $220,481 $4,509 2.64%
    30-36% 170 $39,520,000 $232,471 $4,737 2.84%
    <20% 153 $32,235,000 $210,686 $4,241 2.72%
    44% 38 $8,460,000 $222,632 $4,866 2.83%
    41% 36 $8,080,000 $224,444 $4,512 2.94%
    38% 29 $6,215,000 $214,310 $4,626 2.82%
    39% 27 $6,975,000 $258,333 $4,333 3.04%
    36% 27 $5,985,000 $221,667 $4,757 2.83%
    43% 26 $5,870,000 $225,769 $4,964 2.77%
    37% 25 $6,265,000 $250,600 $4,553 2.74%
    42% 24 $6,360,000 $265,000 $4,904 2.90%
    40% 24 $5,650,000 $235,417 $5,064 2.73%
    45% 15 $3,175,000 $211,667 $4,346 2.87%
    46% 12 $2,880,000 $240,000 $5,238 2.82%
    49% 10 $2,250,000 $225,000 $5,218 2.98%
    48% 9 $2,125,000 $236,111 $5,504 2.79%
    47% 5 $1,125,000 $225,000 $4,349 2.89%
    50-60% 5 $1,315,000 $263,000 $7,716 3.10%
    >60% 1 $75,000 $75,000 $0 4.50%

    Capital Credit Union lent most frequently to those with DTI ratios of 20-30%, with 312 originations. The next most common DTI ratio? 30-36%, with 170 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 904 $203,640,000 $225,265 $4,630 2.78%
    Not applicable 50 $22,240,000 $444,800 $0 4.03%
    Not provided 28 $5,220,000 $186,429 $4,005 3.03%
    Asian 10 $2,050,000 $205,000 $3,298 2.55%
    American Indian 8 $1,250,000 $156,250 $3,881 3.05%
    Black 4 $1,250,000 $312,500 $4,559 3.27%
    Asian Indian 2 $330,000 $165,000 $2,217 2.13%
    Other Pacific Islander 1 $235,000 $235,000 $5,139 2.88%
    Native Hawaiian or Islander 1 $215,000 $215,000 $0 3.45%
    Other Asian 1 $65,000 $65,000 $2,355 2.63%

    Approval Rates

    Total approvals of all applications
    98.31%

    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
    90.78%

    Capital Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $35,000 $35,000
    NA 1,008 $236,460,000 $234,583

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $15,860,000 $991,250
    Single Family (1-4 Units):Manufactured 24 $3,310,000 $137,917
    Single Family (1-4 Units):Site-Built 969 $217,325,000 $224,278

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $5,240,000 $109,167 $3,097 2.54%
    40-60% 147 $27,185,000 $184,932 $3,972 2.64%
    60-80% 461 $112,835,000 $244,761 $4,704 2.80%
    80-100% 323 $86,735,000 $268,529 $4,962 2.94%
    Over 100% 6 $2,420,000 $403,333 $9,104 3.05%
    Under 20% 18 $1,660,000 $92,222 $1,243 3.84%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Capital Benefit, Inc. Conventional home mortgage Struggling to pay mortgage 2 100.0%