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  CapCenter Mortgage Refinance
CapCenter Mortgage Refinance
in Mortgage Refinance from CapCenter · NMLS ID #67717
Claimed

CapCenter Mortgage Refinance

Claimed
in Mortgage Refinance from CapCenter · NMLS ID #67717
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

Loan Amount $100,000 - $3,000,000
Loan Term (Years) 10 - 30 years

CapCenter Mortgage Refinance Review

CapCenter Mortgage Refinance is offered by CapCenter (NMLS #67717), a direct lender founded in 1997 and based in Glen Allen, VA. CapCenter Mortgage Refinance is available in 5 states (and Washington, DC).

Key Takeaways

  • No origination fee. CapCenter Mortgage Refinance does not charge a fee for processing your application on some loan options.
  • 3 different mortgage programs offered. CapCenter Mortgage Refinance refinances 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 Refinance.
  • Standard interest rates types. CapCenter Mortgage Refinance offers adjustable-rate mortgages and fixed-rate mortgages.
  • Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for CapCenter Mortgage Refinance.

CapCenter Mortgage Refinance Pros & Cons

Pros Cons
  • Loan options with $0 origination fee.
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Offers financing for both single and multi-family homes.
  • Only available in 5 states.

CapCenter Mortgage Refinance FAQ

What range of mortgage balances will CapCenter Refinance refinance?

Mortgage refinancing loans start at $100,000 and go up to $3,000,000

What is the maximum loan term for a mortgage refinance via CapCenter Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. CapCenter Mortgage Refinance offers mortgage refinancing with terms ranging from 10 to 30 years.

How long does CapCenter Refinance take to refinance?

CapCenter Refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does CapCenter Refinance charge a mortgage origination fee?

No, CapCenter Mortgage Refinance 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 Refinance charge prepayment fees?

No, CapCenter Mortgage Refinance 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 does CapCenter Refinance offer?

CapCenter Mortgage Refinance offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does CapCenter Refinance allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. CapCenter Mortgage Refinance allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
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Contact

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

Other Services by CapCenter

Availability

  Available in 5 states and Washington, D.C.
  • Washington, DC
  • Georgia
  • Maryland
  • North Carolina
  • South Carolina
  • Virginia

Feature Breakdown

No Origination Fee
No Prepayment Fee
Credit Score Range 620 -
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Joint Loan Applications Accepted
  • Co-borrower
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Property Type
  • Single Family Home
  • Townhome
  • Multi-Family Home
Loan Term 10 - 30 years
Loan Amount $100,000 - $3,000,000
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • VA
  • Jumbo

CapCenter Mortgage Refinance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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