Florida Capital Bank Mortgage Interest Rate and Cost Review

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

Review ItemFlorida Capital Bank
Interest Ratesimilar to other lenders (+0.00%)
Loan Related Closing Costssimilar to other lenders (+$34)
National Rate and Closing Cost Star Rating(3.5)

On average, Florida Capital Bank’s interest rates were similar to those of other lenders (+0.00%). Its loan related closing costs were also similar to those of other lenders, with a difference of +$34. Overall, combining interest rates and closing costs we estimate that Florida Capital Bank 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 Florida Capital Bank, check out its website at: https://www.floridacapitalbank.com.

Florida Capital Bank’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 Florida Capital Bank was most active in:

  1. Philadelphia, PA
  2. Los Angeles, CA
  3. Minneapolis, MN
  4. Allentown, PA
  5. Baltimore, MD

Florida Capital Bank’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, Florida Capital Bank originated Conforming, FHA, Jumbo, USDA 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 MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.02%-0.01%+0.01%+0.01%-0.01%
Loan Related Closing Cost Difference+$91+$50+$3-$16+$36
Cost Adjusted Rate Difference+0.03%-0.00%+0.01%+0.00%-0.01%
National Star Rating(3.5)(3.5)(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference-0.00%-0.01%+0.01%+0.00%-0.01%
Loan Related Closing Cost Difference+$1+$11+$121+$3-$101
Cost Adjusted Rate Difference-0.00%-0.01%+0.01%+0.00%-0.01%
Average Star Rating(3.5)(3.5)(3.5)(3.5)(3.5)

As a summary, Florida Capital Bank is similar to other lenders for Conforming, FHA, Jumbo, USDA and VA purchase mortgages. For refinancing, Florida Capital Bank is similar to other lenders for Conforming, FHA, Jumbo, USDA 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 Florida Capital Bank:

Registered name: Florida Capital Bank National Association
Registered city and state: Jacksonville, FL, 32256
Regulator: Office of the Comptroller of the Currency (OCC)

* 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 Florida Capital Bank’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.