LIMITATIONS ON OUR ZERO CLOSING COST MORTGAGE OFFER - Refinance Loans

For refinance in Virginia loans that equal or exceed Seventy-Five Thousand Dollars ($75,000), CapCenter offers to pay for (or waive) the following closing costs: 

• Origination Fee (except for Investment Property Loans, for which there is a non-refundable fee determined by the loan-to-value ratio of your loan)
• Appraisal Fee, not to exceed $300
• Initial Credit Report Fee, not to exceed $16
• Lender’s Application Fee
• Flood Certification Fee
• Underwriting Fee
• Document Preparation Fee
• Tax Service Fee
• Title Search and Copy Fee, not to exceed $50
• Mortgage Title Insurance, subject to the following limitations:
  • You select CapCenter Title & Escrow as the Title Agent
  • The applicable premium amounts do not exceed the standard rates charged by the title insurance company. CapCenter will not pay for the cost, if any, of affirmative title insurance coverage that might be available or needed to insure over any title exceptions not approved by us.
• Recordation Tax and clerk's fee for recording the Deed of Trust securing our loan.
• The cost to have the deed of trust recorded not to exceed $25.

For loans that are less than $75,000, closing costs and charges incurred for the loan are the responsibility of the Borrower.  These costs or a range of such costs are generally set forth on the good faith estimate of closing costs.