CapCenter Mortgage Interest Rate and Cost Review

Is CapCenter a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by CapCenter to those of other lenders for a comparable set of borrowers. Here is our review of CapCenter nationally:

Review ItemCapCenter
Interest Ratelower than other lenders (-0.15%)
Loan Related Closing Costslower than other lenders (-$591)
National Rate and Closing Cost Star Rating(4.5)

On average, CapCenter’s interest rates were lower than those of other lenders (-0.15%). Its loan related closing costs were also lower than those of other lenders, with a difference of -$591. Overall, combining interest rates and closing costs we estimate that CapCenter tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.5 out of 5 stars. This is an excellent rating and places it among the top 15% of lenders nationwide.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit CapCenter, check out its website at:

CapCenter’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track CapCenter was most active in:

  1. Richmond, VA
  2. Virginia Beach, VA
  3. Culpeper, VA
  4. Washington, DC
  5. Colonial Beach, VA

In addition, CapCenter is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

  1. Culpeper, VA, overall
  2. Colonial Beach, VA, overall

CapCenter’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, CapCenter originated Conforming, FHA, Jumbo and VA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

New Purchase MortgagesConformingFHAJumboVA
Interest Rate Difference-0.11%-0.12%+0.01%-0.07%
Loan Related Closing Cost Difference-$337-$168+$34+$80
Cost Adjusted Rate Difference-0.14%-0.13%+0.01%-0.06%
National Star Rating(4)(4)(3.5)(4)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.17%-0.15%+0.02%-0.08%
Loan Related Closing Cost Difference-$711-$390+$19-$355
Cost Adjusted Rate Difference-0.22%-0.18%+0.02%-0.11%
Average Star Rating(4.5)(4.5)(3.5)(4)

As a summary, CapCenter is cheap for Conforming, FHA and VA purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing, CapCenter is cheap for Conforming, FHA and VA mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about CapCenter:

Registered name: Capital Center
Registered city and state: Glen Allen, VA, 23060
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for CapCenter’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.