Is Capital Credit Union North Dakota a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Capital Credit Union North Dakota to those of other lenders for a comparable set of borrowers. Here is our review of Capital Credit Union North Dakota nationally:
| Review Item | Capital Credit Union North Dakota |
|---|---|
| Interest Rate | similar to other lenders (-0.04%) |
| Loan Related Closing Costs | higher than other lenders (+$278) |
| National Rate and Closing Cost Star Rating | (3.5) |
On average, Capital Credit Union North Dakota’s interest rates were similar to those of other lenders (-0.04%). On the other hand, its loan related closing costs were higher than those of other lenders, with a difference of +$278. Overall, combining interest rates and closing costs we estimate that Capital Credit Union North Dakota tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars.
We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Capital Credit Union North Dakota, check out its website at: https://www.capcu.org.
Capital Credit Union North Dakota’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 Capital Credit Union North Dakota was most active in:
Capital Credit Union North Dakota’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, Capital Credit Union North Dakota originated Conforming, FHA, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.
| New Purchase Mortgages | Conforming | FHA | USDA | VA |
|---|---|---|---|---|
| Interest Rate Difference | -0.01% | -0.02% | +0.01% | -0.01% |
| Loan Related Closing Cost Difference | +$410 | +$44 | -$6 | +$79 |
| Cost Adjusted Rate Difference | +0.02% | -0.02% | +0.01% | -0.01% |
| National Star Rating |
| Refinance Mortgages | Conforming | FHA | VA |
|---|---|---|---|
| Interest Rate Difference | -0.08% | -0.01% | -0.01% |
| Loan Related Closing Cost Difference | +$208 | +$18 | +$13 |
| Cost Adjusted Rate Difference | -0.07% | -0.01% | -0.01% |
| Average Star Rating |
As a summary, Capital Credit Union North Dakota is similar to other lenders for Conforming, FHA, USDA and VA purchase mortgages. For refinancing mortgages, Capital Credit Union North Dakota is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA and VA 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 Capital Credit Union North Dakota:
Registered city and state: Bismarck, ND, 58502
Regulator: National Credit Union Administration (NCUA)
* 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 Capital Credit Union North Dakota’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.