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 Grand Forks among others. We have data for 19 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% 4/28/24
    30 Year Conventional Purchase 6.21% 4/28/24
    30 Year Conventional Refi 6.26% 4/28/24
    30 Year Cash-out Refi 6.36% 4/28/24
    30 Year FHA Purchase 7.36% 4/28/24
    30 Year FHA Refi 6.89% 4/28/24
    30 Year VA Purchase 5.89% 4/28/24
    30 Year VA Refi 5.88% 4/28/24
    30 Year USDA Purchase 6.69% 4/28/24
    15 Year Conventional Purchase 5.89% 4/28/24
    15 Year Conventional Refi 5.62% 4/28/24
    15 Year Cash-out Refi 5.62% 4/28/24
    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

    898

    Origination Dollar Volume (All Markets)

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

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

    American Bank Center
    Similarity Rank: 425
    Tradition Mortgage, LLC
    Similarity Rank: 615
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 1008
    Dakota Community Bank & Trust
    Similarity Rank: 1008
    VALLEY MORTGAGE, INC.
    Similarity Rank: 1037
    Western State Bank
    Similarity Rank: 1204
    Deere Employees Credit Union
    Similarity Rank: 1228
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 1357
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 1428
    CAPITAL CREDIT UNION
    Similarity Rank: 1520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 810 $196,010,000 $241,988 $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%
    HELOC 1 $205,000 $205,000 n/a 4.75%

    For 2021, Capital Credit Union's most frequently originated type of loan was Conventional, with 810 originations. Their 2nd most popular type was FHA, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Capital Credit Union's most frequently cited loan purpose was Home Purchase, with 407 originations. The 2nd most popular reason was 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 2021, Capital Credit Union's most frequently cited loan duration was 30 Year, with 490 originations. The 2nd most popular length was 15 Year, with 181 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 244 $43,700,000 $179,098
    $3k-4k 170 $46,130,000 $271,353
    $<1k 167 $32,195,000 $192,784
    $1k-2k 91 $13,945,000 $153,242
    $4k-5k 67 $24,665,000 $368,134
    $5k+ 36 $20,610,000 $572,500

    Capital Credit Union's average total fees were $5,266, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.80%, while their most frequently originated rate bucket for loans was <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 or Islander 1 $175,000 $175,000 $4,651 3.13%

    Approval Rates

    Total approvals of all applications
    99.21%

    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
    88.20%

    Capital Credit Union has an 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%