Last Updated: 04/18/2025
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Highlights
Community Rating
Strongly recommended
Credit Score Range
Starting at 620
Amount Range
$100,000 - $3,000,000
No Origination Fee
Loan Term (Years)
10 - 30
Number of Reviews
CapCenter Mortgage Review
CapCenter Mortgage is offered by CapCenter (NMLS #67717), a direct lender founded in 1997 and based in Glen Allen, VA. CapCenter are available in 5 states and Washington, DC.
Key Takeaways
- Wide selection of mortgage programs offered. CapCenter Mortgage offers FHA, VA, jumbo, conforming, and conventional mortgages.
- Financing for single-family and multi-family properties. However, CapCenter does not offer financing for manufactured homes.
- Refinancing for large mortgages. You can refinance mortgages with balances of up to $3,000,000 with CapCenter Mortgage.
- Standard interest rates types. CapCenter Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- No origination fees. CapCenter Mortgage does not charge fees for processing your application.
- Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for CapCenter Mortgage.
CapCenter Mortgage Pros & Cons
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CapCenter FAQ
How much can you borrow via CapCenter?
CapCenter allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What is the maximum loan term you can get with CapCenter?
CapCenter offers mortgages with terms ranging from 10 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does CapCenter offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
No, CapCenter 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.
Does CapCenter charge prepayment fees?
No, CapCenter does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What mortgage programs are available?
Besides conventional mortgages, CapCenter offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
- VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.
What property usage types does CapCenter allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. CapCenter allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for CapCenter Mortgage is .
What is the support contact email?
The support contact email for is customerservice@capcenter.com.
How do people rate the customer service and user experience?
Overall, this business is strongly recommended based on community reviews that rate customer service and user experience.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from CapCenter
Hours of Operation
Sunday
Closed
Monday
8:30AM - 7:00PM
Tuesday
8:30AM - 7:00PM
Wednesday
8:30AM - 7:00PM
Thursday
8:30AM - 7:00PM
Friday
8:30AM - 7:00PM
Saturday
10:00AM - 4:00PM