Note: To provide our clients with quick, reliable quotes—and to keep our descriptions applicable to most situations — CapCenter makes some assumptions and sometimes uses “best guess" estimates in our examples. If your situation does not match our assumptions or approximations, that does not necessarily mean that you will not qualify for a loan. To learn more about what options may be available to you or to obtain a more personalized quote, please call 800-968-5844 or email us to connect with one of our expert Loan Consultants.
Mortgage
Zero Closing Cost Mortgage Savings
CapCenter’s “Zero Closing Costs” offer is to pay or waive closing costs typically required when processing a home loan. Our offer does have limitations, and there are additional costs that apply to some transactions. For eligible loans, CapCenter offers to pay for or waive the following closing costs, to the extent they apply to your loan:
Waived or paid for
- Origination Fee
- Appraisal Fee
- Credit Report Fee
- Flood Certification
- Tax Service Fee
- Title Search Fee
- Wire Fee
- Delivery Fee
Waived or paid for if required and provided by approved agent
- Lender Title Insurance
- Owner Title Insurance
- Survey
- Settlement Agent Fee
Details
Any applicable costs not listed above are your responsibility. There are certain upfront deposits and charges associated with a mortgage—such as escrow deposits and prepaid mortgage interest—that CapCenter does not cover. Also, other charges may apply depending on the specifics of your loan.
The amount you will owe in prepaid mortgage interest depends on the number of days between your loan closing and the last day of the month.
All homes financed with a CapCenter mortgage must be insured. If you are purchasing a home with a CapCenter mortgage, you will have to pay at least your first year’s homeowners insurance premium. Also, it is standard for a loan to have an escrow account in place for the future payment of property taxes, homeowner's insurance, and in some cases, flood insurance. For this reason, you may be required to fund an escrow account at closing.
For FHA or VA loans, and for loans with a loan-to-value ratio (LTV) greater than 80%, you may be required to pay additional costs, such as an upfront mortgage insurance premium and/or a VA Funding Fee. If required, a survey, home inspection, pest inspection, or system inspection fee(s) may also apply to your property.
If your transaction involves the recording of a deed to transfer ownership, such as a purchase or to add/remove a property owner, you may also be responsible for the payment of any applicable government fees and taxes to record the deed, to the extent these fees/taxes apply in your property’s location. In some areas, it is customary for the Seller to pay all or a portion of these taxes/fees. The amount for which you are responsible will vary based on the terms of your purchase contract and your property’s location. In some locations, it is customary for the Seller to pay some or all of these fees.
If you’re buying a home in Virginia, North Carolina, or South Carolina, the Realty Credit from the Buy + Mortgage Bundle usually covers all recording fees and taxes that buyers typically pay. In Maryland and Washington, D.C., the Realty Credit helps reduce these costs but may not cover them completely.
Your loan amount must be greater than $50,000 for a second-lien mortgage and $100,000 for a first-lien mortgage. Items paid for by CapCenter may be paid through a lender credit. Lender credits are often subject to agency restrictions. See our Terms & Conditions for more information.
Note that when you proceed with a CapCenter loan, you will be charged an upfront Good Faith Deposit, which will be refunded in full if you close your loan. See our Terms & Conditions for more information.
On-Time Closing Guarantee
CapCenter guarantees to have your purchase loan ready to close by the closing date in your purchase contract. If your loan is not ready to close on that date, and CapCenter is solely responsible for the delay, you will receive an additional $1,000 credit at closing on top of the credits you already receive as part of our Zero Closings Costs and Realty Savings offers.
Limitations
The Guarantee only applies to purchase loan transactions in which CapCenter receives a completed loan application—as determined by CapCenter—at least 21 days before the Settlement Date set forth in the original purchase contract. If your Settlement Date is less than 21 days from our receipt of your completed loan application, CapCenter may still be able to have your loan ready on your scheduled Settlement Date and will work very hard to make it happen. We just do not offer a guarantee.
In addition, the Guarantee does not apply if closing is delayed for any reason outside CapCenter's control. Examples include (i) the seller’s or some other third party’s inability to satisfy requirements necessary to close on the Settlement Date; (ii) inclement weather or natural disaster; (iii) your independent agreement with the seller to amend the Settlement Date; (iv) your decision to change loan products/terms; or (v) the failure of your application to satisfy underwriting requirements.
The guarantee credit is subject to interested party contribution limits, established by the secondary market, meaning that there may be restrictions governing its use.
To claim guarantee funds, you must make a closing guarantee claim prior to close. CapCenter may amend or end this offer without notice.
1% Rate Reduction Program
CapCenter will fund a custodial escrow account, subject, to a maximum $9,708, with a lender-paid credit. Those funds will be disbursed directly to the investor to be applied only toward the interest accrued during the one-year buydown period. Opting for this program may affect the note rate on the loan.
Use our temporary buydown calculator to learn more.
Example: Today, the best available rate for your particular mortgage is 6.500%. Assuming you lock your rate today, you will have two options:
- Option 1: Lock your rate at 6.500% and make payments reflecting that rate for the life of the mortgage.
- Option 2 (1% Rate Reduction): Lock your rate at 6.500%. Your mortgage payments during the first 12 months will reflect a 5.500% interest rate. Beginning with the 13th mortgage payment, your mortgage payments will reflect a 6.500% interest rate.
- This offer is only valid on primary and secondary residence purchase mortgages underwritten through Fannie Mae, Freddie Mac, and Ginnie Mae.
- This offer is only valid for mortgages with 15-year and 30-year loan terms.
- This offer is not valid on Refinance Mortgages, Non-Agency Jumbo Loans, ARM Products, Investment Properties, VA and FHA Second Home Loans, or loans with a qualifying FICO score below 660.
- Subject to agency restrictions, our offer may be combined with our flagship Zero Closing Mortgage program or your Realty Rebate program in some cases, but it cannot be combined with our Free-Floating Extended Rate Lock Program or any other CapCenter offer or promotion.
- Offer may not be redeemed for cash or credit and is non transferable.
- Offer cannot be retroactively applied to any loans.
This offer is subject to changes or cancellation at any time, without advanced notice, at the sole discretion of Capital Center LLC dba CapCenter. Additional restrictions/conditions may apply. This is not a commitment to lend. This offer is subject to individual loan approval, satisfaction of CapCenter’s underwriting requirements, and execution of a Temporary Buydown Agreement at closing.
Extended Lock Policy
Standard rate locks expire after 30 days, but some applicants may need a longer rate lock period when purchasing a home, particularly for new construction homes. CapCenter offers such locks, which can secure the prevailing interest rate for up to 12 months. All extended rate locks are typically priced at higher rates than the standard 30-day lock rates displayed on our website.
Conventional
CapCenter offers two Extended Rate Lock options for Conventional loans in a purchase transaction:
- Fixed Extended Rate Lock, or
- Float Down Extended Rate Lock
Fixed Extended Rate Lock (Conventional Loans)
Your interest rate will be set at the available interest rate on the day of lock with no rate float options. This means that if the rate goes up, your rate will not follow and vice-versa. Our Extended Rate Lock offer requires an upfront deposit of 1% ofthe purchase price stated in the purchase contract. If the price goes up forany reason, you may be required to pay 1% of the difference. In most cases,this upfront fee is refundable.
Float Down Extended Rate Lock (Conventional Loans)
A Float Down Extended Rate Lock protects you against rising interest rates but also allows you to also benefit from falling interest rates. If rates are lower by at least 0.25% when you are within 30-days of your closing date or expiration date (whichever is sooner), you can take advantage of a lower rate. Float Down Extended Rate Locks require additional fees. Depending on the length of the lock, payment of the fees may be split between rate lock and closing.
Float Down Extended Rate Locks work as follows:
- Lock in your interest rate for the length of time needed to complete your purchase transaction.
- If your lock is for 120 days or longer, your float down extended rate lock fee will be split between an upfront payment equal to 1% of the loan amount and the remainder due at closing (see fee table below).
- Once within 30 days of your closing date*, you can request a one-time float down if CapCenter’s rates have decreased by at least 0.25%.
- Your rate will then be relocked at the prevailing 30-day lock rate plus 0.125%.
Float Down Extended Rate Locks are also subject to the following eligibility requirements:
- Cannot be combined with a lender paid Temporary Buydown.
- Only eligible on Conventional loans (FHA and VA loans are not eligible for a floating lock).
- Only eligible if you intend to occupy the home as your primary residence (investment properties and second homes are not eligible for a floating lock).
- Minimum qualifying FICO score of 680 and above.
(% of Loan Amount)
(% of Loan Amount)
(% of Loan Amount)
Representative Example
Assume you need a $300,000 purchase loan that is closing in 120 days. The current 30-day rate on CapCenter’s website is 6.0% an drates decrease to 5.5% within 30 days of closing.
Lock your rate at 6.000% for 120 days.
- You pay an upfront fee of 1.0% ($3,000) of the loan amount. The remainder of 0.25% ($750) will be paid at closing.
- Since rates dropped by at least 0.25% to 5.5% when you are within 30 days of your closing date you can request to float down to the lower rate.
- Your rate will then be relocked at 5.625% (5.5%+ 0.125%).
- You will save over $25,000 in interest over the life of a 30-year loan in this scenario.
Government
For government loans (FHA and VA), the terms are similar to the Fixed Extended Rate Lock program for Conventional Loans. CapCenter offers 2 extended rate lock lengths for FHA and VA loans: 120-days and 180-days. Extended Rate Locks on FHA and VA loans include an increase to your interest rate, an upfront fee (paid at the time of lock), and a fee paid at closing.
The table below displays the Fixed Extended Rate Locks offered by CapCenter on FHA and VA loans as well as the cost associated with each.
(% of Loan Amount)
(% of Loan Amount)
Representative Example
A $300,000 VA loan locked for 120 days will have an associated total cost of $2,250. $300,000 x 0.500% = $1,500 due up front, plus $300,000 x 0.250% = $750 due at closing. Additionally, an increase to your rate will apply. If the standard 30-day rate lock on a VA loan is 5.500% at the time of lock, then the 120-day lock rate will be 5.750%.
Community Assistance Grant
The Community Assistance Grant program provides opportunity save up to an additional $4,500 when you finance the purchase of a home in an eligible census tract. If approved, you will receive the lesser of $4,500 or 2.00% of the loan amount. Grant money can be used to receive a lower interest rate or prepay certain expenses like Private Mortgage Insurance.
Limitations
- This offer is limited to subject properties located in specified census tracts in the geographic areas where CapCenter lends. Contact us for a list of eligible census tracts.
- This offer is only valid for mortgages with 15-year and 30-year loan terms.
- This offer is not valid on loans secured by a Manufactured Home.
- This offer is not valid on Jumbo Loans.
- This offer is only valid on conventional, primary residence mortgages underwritten by Chase Bank and originated by CapCenter.
- Qualification for the Community Assistance Grant is subject to underwriting approval.
- Subject to agency restrictions, our offer may be combined with our flagship Zero Closing Mortgage program or Realty savings in some cases, but it cannot be combined with any other CapCenter offer or promotion.
- Offer may not be redeemed for cash or credit, is nontransferable, and cannot subsidize a cash down payment.
- Offer cannot be retroactively applied to any loans.
This offer is subject to changes or cancellation at any time, without advanced notice, at the sole discretion of Capital Center LLC dba CapCenter. Additional restrictions/conditions may apply. This is not a commitment to lend. This offer is subject to individual loan approval, including the satisfaction of CapCenter and Chase Bank’s underwriting requirements.
Purchase Real Estate Savings
Realty Purchase Credit
When you use CapCenter’s Realty Team to purchase your home, CapCenter will provide a Realty Credit of up to 0.5% of the purchase price of your home, subject to certain limitations and exclusions described below. To receive this discount, you must use CapCenter’s preferred title & settlement agent for your purchase. CapCenter must receive a realty commission of at least $5,000 net, after deducting the amount of the Realty Purchase Credit.
This offer is combinable with CapCenter’s Zero Closing Cost Offer and 1% List Savings Offer. For clarification, if you buy and sell with CapCenter Realty within 1 year and finance your purchase with a CapCenter Mortgage, you may be eligible for 1% List, a Realty Purchase Credit of up to 0.5% of the purchase price, and a Zero Closing Costs Mortgage. Combining the Realty Purchase Credit with a Zero Closing Costs Mortgage means that CapCenter will cover the cost of using CapCenter’s preferred title & settlement agent for your purchase. This offer is not combinable with any other CapCenter offers. This offer is subject to lender approval.
The Realty Purchase Credit is only available in selected cities and counties where we offer realty services and have realty agents available. Ultimately, the availability of the Realty Purchase Credit will depend on your execution of a Buyer’s Agency Agreement with CapCenter.
This offer is effective starting April 16, 2025 and is only available in the areas where CapCenter offers realty services and has realty agents available.
This offer is not available for commercial properties and unimproved land.
Listing Real Estate Savings
How Typical Realty Commissions Work
There are usually two real estate agents involved in a home sale.
- The seller's agent (also called the listing agent) who represents the seller.
- The buyer's agent, who represents the person buying the home.
It is most common for the seller to pay each agent a percentage of the final sales price as a commission. The seller can choose how much to pay each agent when the seller signs the listing agreement with the listing agent. In the markets where CapCenter Realty works, it is common for sellers to pay each agent up to 3%, for a total of up to 6% of the final home sales price paid by the seller to the real estate agents. The listing agent commission is for marketing the home, while the buyer’s agent commission acts as an incentive for agents to show the home to their clients.
Because the seller typically pays both agents, the expected cost of the commissions is indirectly factored into the sales price, such that the cost of buying and selling is most likely shared by both buyer and seller, depending on market and other sale negotiation factors
The CapCenter Difference
CapCenter sellers save more without sacrificing service. As the listing agent, we charge between 1 and 1.5% of your home's sales price and provide the full range of services you expect from your trusted real estate agent.
- 1 % List Savings: When you buy and sell with CapCenter’s Realty Team within the same year. Save up to 2/3 of what traditional real estate brokers charge. See details below.
- 1.5 % List Savings: When you sell with CapCenter’s Realty Team. Save up to ½ of what traditional real estate brokers charge. See details below.
Learn more about our services and standard listing fee savings.
1% List Savings
Save even more when you use CapCenter to sell your home and (1) use CapCenter to buy your next home or (2) finance your next home purchase within one year, subject to certain limitations and exclusions described below. If you buy first, then sell, CapCenter will charge a 1% listing fee when you sell. If you sell first, then buy, CapCenter will initially charge its standard 1.5% listing fee when you sell. The 0.5% difference will be refunded to you when you buy with CapCenter Realty.
Important Terms
There are two ways to qualify for the 1% List Savings:
- Within 1 year (365-day period), you must sell a home using CapCenter's Realty Team and
- (1) Purchase a home using CapCenter’s Realty Team, or
- When buying and selling your homes, you use CapCenter’s preferred title & settlement agent and pay market rate for the title & settlement services.
To qualify for a 1% List Savings with a purchase using CapCenter Realty, CapCenter must receive a realty commission with the purchase of at least $5,000 net, after deducting the amount of the Realty Purchase Credit. To qualify for the 1% List Savings by financing a purchase with a CapCenter Mortgage, the following limitations apply:
- The loan amount must equal at least 50% of the purchase price;
- The loan must be for the purchase of a primary residence and occupied as at least one borrower’s primary residence within 60days of purchase; and
- You must make at least 8 consecutive monthly payments to your loan servicer, the payments must be on-time and as outlined in your Note and closing documents; and you may be ineligible if you make a large payment toward your principal balance during this time.
You can combine this offer with CapCenter's Zero Closing Costs Mortgage Offer and Realty Purchase Credit. For clarification, if you buy and sell with CapCenter Realty within 1 year and finance your purchase with a CapCenter Mortgage, you may be eligible for 1% List, a Realty Rebate of up to 0.5% of the purchase price, and a Zero Closing Costs Mortgage. Combining the 1% List with a Zero Closing Cost Mortgage means that CapCenter will cover the cost of using CapCenter’s preferred title & settlement agent for your purchase. This offer is not combinable with any other CapCenter offers. Financing your purchase with a CapCenter Mortgage is subject to lender approval.
The buyer’s agent’s commission is not included in this offer. The amount offered is decided by the seller. We typically recommend that sellers offer a competitive commission to the buyer’s agent. This offer is effective starting April 16, 2025 and is only available in the areas where CapCenter offers realty services and has realty agents available.
This offer is not available for commercial properties and unimproved land.
The same individual must be the seller and purchaser for these transactions.
1.5 % List Savings
Sell your home with CapCenter for a 1.5% Listing Fee, subject to the limitations below.
- The buyer’s agent’s commission is not included in this offer. The amount offered is decided by the seller. We typically recommend that sellers offer a competitive commission to the buyer’s agent.
- Minimum listing fee paid to CapCenter is $3,000.
- This offer is subject to the terms outlined in the seller’s listing agreement.
- This offer is only available in the areas where we offer realty services and have realty agents available.
- This offer is not available for commercial properties and unimproved land.
Terms Applicable to All Offers
- No offer described here is a commitment to lend.
- All offers that include the use of CapCenter Realty Services are only available in cities and counties (and states) where we offer realty services and have realty agents available. Except as restricted by law, we reserve the right to show or not show properties in a given area. Ultimately our realty offers are contingent upon CapCenter entering into the applicable agency agreement(s) with you.
- CapCenter is not responsible for any tax consequences to the customer that may result from our offers.
- All offers are subject to change or cancellation at any time without notice. To claim these offers, contact customerservice@capcenter.com; our offers are contingent on your completion of the transactions laid out in the respective explanations above.
- Additional conditions, restrictions, and limitations may apply. Call us at (800) 968-5844 to discuss how our offers can fit your unique needs and circumstances.
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