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  Capital Bank Home Equity

Capital Bank Home Equity

in Home Equity Loans from Capital Bank

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Capital Bank Home Equity

Unaffiliated

in Home Equity Loans from Capital Bank

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Highlights
Loan Amount Starting at $10
APR  (Fixed APR) Starting at 3.25%
Loan Term (Years) 3 - 15 years

Capital Bank Home Equity Review

Capital Bank Home Equity is offered by Capital Bank, a bank founded in 1995 and based in Albany, NY. Capital Bank Home Equity is available in 2 states across the USA.

Capital Bank Home Equity FAQ

What are the home equity loan requirements of Capital Bank Home Equity

This lender's maximum loan to value rate is 90%. That means the total debt secured by the property cannot exceed 90% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $70k.

What home equity loan rates does Capital Bank Home Equity offer?

Capital Bank Home Equity offers home equity loans with a fixed APR

Remember the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Capital Bank Home Equity charge for a home equity loan?

Good news. Capital Bank Home Equity does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What types of property can you use as security for a home equity loan with Capital Bank Home Equity?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Capital Bank Home Equity will consider loans secured by the following property types:

  • Secondary homes and vacation properties.
  • Investment properties and house flipping projects.

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Availability

  Available in 2 states
  • New York
  • Pennsylvania

Feature Breakdown

No Origination Fee
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Investment
  • Secondary Home
Maximum LTV 90%
Minimum Age 18
Supported Income Types
  • Payroll Check or Prepaid Card
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Mortgage Features
  • Flexible Payments
  • No-Closing-Costs Option
APR (Fixed APR) Starting at 3.25%
Loan Amount Starting at $10
Loan Term 3 - 15 years
Interest Rate Types Offered Fixed-Rate Mortgage

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