CapCenter Review

ByMichael GrawJul.15, 2021
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In a Nutshell

CapCenter is a mortgage lender founded in 1997. With CapCenter, you pay zero closing costs when buying a home. The lender offers a detailed calculator so you can see how much you’ll save by eliminating closing costs. You can also request a realtor through CapCenter to help you find your new home. CapCenter is accredited with the Better Business Bureau and has an A- rating.


  • Pay zero closing costs
  • Detailed mortgage calculator
  • BBB accredited


  • Only available in MA, VA, NC, SC, and DC

Cap Center at a Glance

Direct lender or marketplace?Direct lender
Loan typesPurchase, refinance
Featured LoansConventional, jumbo, FHA, VA
Repayment terms:    10-30 years, 5/1 or 7/1 ARM
Minimum Down Payment:3%
Minimum Credit Score:620 for most loans
Best for:Eliminating closing costs

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CapCenter is a unique mortgage lender that offers mortgages with zero closing costs. This can save you between 1 and 3% on the cost of your mortgage when you close on a new home. CapCenter charges slightly higher interest rates than competitors, but you can use the lender’s calculators to see how much money you will save by eliminating closing costs.

CapCenter offers a wide range of mortgages, including conventional, jumbo, FHA, and VA loans. The lender also offers mortgage refinancing. You can choose a 10, 15, 20, or 30-year repayment period, and you can qualify for a mortgage with a down payment as low as 3%.

One thing to note is that CapCenter is only available in four states and DC at this time – Virginia, North Carolina, South Carolina, Maryland – and the District of Columbia

Suitable For?

CapCenter is right for homebuyers who want to eliminate closing costs. Most mortgage lenders typically charge closing costs ranging from 1 to 3% of the value of your mortgage, which can be thousands of dollars. CapCenter does not charge these fees and doesn’t subtract them from your mortgage principal.

Instead, it charges slightly higher-than-average interest rates. Depending on the length of your mortgage and the interest rate you qualify for, you could end up saving money by paying no closing costs but a higher interest rate. CapCenter offers a detailed mortgage calculator to help you determine how much you can save.

Types of Loans/Products

CapCenter offers a variety of loans, including conventional and jumbo mortgages, FHA and VA mortgages, and mortgage refinance loans. All loan types come with zero closing costs.

  • Minimum 620 credit score
  • Conventional mortgage rates from 2.280% APR
  • Minimum 3% down payment
  • Zero closing costs
  • 10 to 30-year terms available

The Application Process

You can apply for a mortgage with CapCenter online. You don’t need to submit personal information to get a quote, and you can complete the online application in less than five minutes. You will need to provide information about your income, current properties, and any outstanding debt.

Once you’ve applied, a loan officer will get in touch by phone to complete your mortgage request. CapCenter typically goes from application to closing in a few weeks. Note that once your mortgage has closed, you will be directed to a third-party servicer to make payments.

Repayment Terms

CapCenter offers conventional loans and mortgage refinance loans with 10, 15, 20, or 30-year terms. FHA and VA loans are available in 15 and 30-year terms. 

Help & Support

CapCenter loan officers are available by phone, email, and live chat from 8 AM to 5:30 PM (ET) Monday to Friday. 

Phone: (800) 968-5844



CapCenter offers zero-closing-cost mortgages in Virginia, North Carolina, South Carolina, Maryland, and The District of Columbia. The lender offers a detailed mortgage calculator so you can see how much you’ll save compared to other lenders, and you can apply online. Conventional mortgages are available with 10 to 30-year terms.


Will applying for a mortgage impact my credit?

CapCenter runs a hard credit check after you apply for a mortgage, so it will impact your credit score. You can get a quote without a credit check.

Does Cap Center service my mortgage?

CapCenter creates mortgages and then sells them to a third-party servicer. You may make your first payment to CapCenter, but all other payments will be made to the third-party servicer.

Can I close remotely?

Yes. In most areas, CapCenter can send a notary for remote closings. 

Can Cap Center help me find a home?

CapCenter has a team of real estate agents that you can use when looking for a new home.

Physical Address 

CapCenter has offices in Virginia Beach, VA, McLean, VA, Cary, NC, Charlotte, NC, and Greenville, SC. Their headquarters are located just outside of Richmond, VA – 4510 Cox Rd #402, Glen Allen, VA 23060

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AboutCapCenter Brand
Industry: FS
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