4.9
CapCenter is a licensed mortgage lender and real estate broker in Virginia, North Carolina, South Carolina, Maryland, and Washington, D.C. The company specializes in zero closing cost loans and offers conventional, FHA, VA, and Jumbo loans.
In addition to buying, selling, and refinancing homes, CapCenter helps borrowers secure home insurance. Through its in-house insurance team, CapCenter can help you find an insurance policy with competitive rates.
Keep reading to learn more about the company, or jump down to read CapCenter reviews.
To get an estimate of your rates, terms, and fees, you can get a free quote on the CapCenter website. This shouldn’t impact your credit score, but you will need to provide the location of your potential home, purchase price, down payment, and loan type. Upon providing this information your estimated savings and monthly payment should populate automatically.
One thing that sets CapCenter apart from many other mortgage lenders is that it has no closing costs. When you close on your loan, CapCenter will either waive or pay the fees that are typically associated with closing costs. Some of these fees include the following:
Closing costs are typically 2 to 5 percent of your loan amount, resulting in a large payment when you close on your loan. Thus, the option to get a zero closing cost loan could save you thousands of dollars.
When you apply for a CapCenter loan, you will be required to pay an upfront Good Faith Deposit, which will be refunded before closing provided you close on your loan.
It is important to note that certain terms and conditions may apply, and it is your responsibility to speak with a CapCenter representative before closing on a home loan. For example, additional costs may apply if your credit score is below 740.
CapCenter provides daily updated mortgage rates on its website. This isn’t common in the industry, but can be very helpful in giving you an idea of what rates you can expect if you choose to work with a company.
On the CapCenter website you can filter rates by location, loan purpose, loan amount, loan program, and loan term, allowing you to get an even better idea of what rates may be available to you based on your specific needs.
It is worth noting that CapCenter’s rates are higher than you might see with other mortgage lenders, and the lowest advertised rate is typically reserved for those with excellent credit health.
You can refinance your current mortgage with CapCenter with zero closing costs. The company offers conventional, FHA, VA, and jumbo loan refinancing options.
In addition to traditional refinancing options, you can also access your home equity with CapCenter — you can get a cash-out refinance, home equity loan, or home equity line of credit (HELOC).
CapCenter will cover traditional closing costs in most cases, but you may be responsible for a small cash-out fee that will vary depending on your property and loan type.
In addition to purchase and refinance mortgage options, and real estate services, you can get an insurance policy through CapCenter’s in-house insurance team. This is a unique service that is not offered by many mortgage lenders, and it allows you to take care of everything required for a home purchase in one place.
All CapCenter loan consultants are salaried employees. This can be an indication of a higher level of service because loan consultants aren’t commission-based — they are less likely to be pushing sales to receive compensation on their end.
Compared to other, larger mortgage lenders, CapCenter offers a limited variety of loan types. While it does offer the loan types that will benefit the majority of homebuyers, it doesn’t offer adjustable-rate mortgage (ARM) loans or USDA loans.
CapCenter is only licensed to lend in the following states:
If you don’t reside in any of the states listed above, CapCenter will not be an available mortgage lender option to you.
CapCenter has zero closing costs, which could save you thousands of dollars in upfront costs on your mortgage. So if you’re looking to reduce upfront costs on your mortgage and you live in Virginia, North Carolina, South Carolina, Maryland, or Washington, D.C, CapCenter could be a good mortgage lender option for you.
However, if you have a credit score below 740 you may be required to cover certain costs that the Zero Closing Costs offer would typically cover.
You can also check rates and get a free quote on the CapCenter website, making it easier to estimate your mortgage rates and costs. CapCenter mortgage rates are higher than you might see with larger, online lenders, but that may not be a deal-breaker if you can save on closing costs.
There are currently no CapCenter reviews, and so we are unable to provide an accurate recommendation of this company based on customer sentiment at this time.
CapCenter started from a desire to save clients thousands of dollars and provide them with a less stressful homebuying, selling, and refinancing experience. Our success comes from our relentless dedication to savings and service to our clients.
We have been nailing it since 1997 and haven't looked back. With our zero closing cost mortgages and in-house services, we help our clients save thousands of dollars, and our streamlined process keeps the process quick and easy!
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Mohamed Omer Bunker Hill, WV
2 months ago
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Mar. 10th, 2022
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Robert Chesterfield, VA
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Carla Bryson Fort Mill, SC
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Andy Latham Charlotte, NC
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Stephen Wayne Bell Richmond, VA
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Nathania Allison Richmond, VA
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Ben Dalton Richmond, VA
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Farrell McGurl Richmond, VA
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Mary Chris Werner Glen Allen, VA
2 months ago
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Mar. 16th, 2022
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M. Scott Mechanicsville, VA
2 months ago
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Mar. 10th, 2022
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