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  Capital Bank Home Mortgages

Capital Bank Home Mortgages

in Home Purchase Mortgages from Capital Bank

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Capital Bank Home Mortgages

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in Home Purchase Mortgages from Capital Bank

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Highlights
Loan Amount N/A
Loan Term (Years) 10 - 30 years
Credit Score Range N/A

Capital Bank Home Mortgages Review

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

Key Takeaways
  • Instant online preapprovals. Find out how much you can borrow and what your interest rate will be.
  • Financing for single-family and multi-family properties. However, Capital Bank does not offer financing for manufactured homes.
  • Standard interest rates types. Capital Bank Home Mortgages only offers fixed-rate mortgages.
  • No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • No origination fee. Capital Bank Home Mortgages does not charge a fee for processing your loan application.
Capital Bank Home Mortgages Pros & Cons
Pros Cons
  • $0 origination fee.
  • Offers financing for both single and multi-family homes.
  • Charges prepayment fees.
  • Only available in 2 states.
Capital Bank Home Mortgages FAQ

What is the maximum loan term you can get with Capital Bank Home Mortgages?

Capital Bank Home Mortgages 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 Capital Bank 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.

Capital Bank Home Mortgages offers home loans with APRs starting at 2.85% .

Does Capital Bank Home Mortgages charge an application fee?

Do they charge mortgage origination fees?

No, Capital Bank Home Mortgages 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 property usage types does Capital Bank Home Mortgages allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Capital Bank Home Mortgages allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties

What is the customer service phone number?

The customer service number for this business card is (800) 836-3711.

What is the support contact email?

The support contact email for this business credit card is contactgroup@chemungcanal.com.

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Availability

  Available in 2 states
  • New York
  • Pennsylvania

Feature Breakdown

No Origination Fee
Origination Fee ($) $0
Origination Fee (%) 0%
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Intended Use
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Individual Applications
Minimum Age 18
Minimum Down Payment Starting at 3%
Property Type
  • Multi-Family Home
  • Single Family Home
  • Townhome
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)
Investment
Primary Residence
Mortgage Features
  • Flexible Payments
  • No-Closing-Costs Option
  • Instant Online Preapproval
APR Starting at 2.85%
Loan Term 10 - 30 years
Interest Rate Types Offered Fixed-Rate Mortgage

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