We pay the fees that a typical lender would charge without rolling any of these
costs back into your loan. You can use your savings to pay down your loan or set
it aside for retirement. Our loan professionals manage the entire process to provide
a fast, stress-free customer experience.
* These sample savings are based on a $200,000 loan amount. To calculate your specific savings, please enter your loan information into the FREE QUOTE box on the right side of this page.
Closing Cost Savings
Application Fee
A fee charged by a lender to cover the initial costs of processing a loan application. This fee does not guarantee that you will be approved.
Commitment Fee
A fee paid by a potential borrower to a potential lender to lend money at a specified rate within a specified amount of time.
Funding Fee
A funding fee is added to most loan amounts, depending on the amount of down payment made. In most cases the fee is 2% of the loan amount.
Document Review
A fee charged by a lender for the review of documents necessary to fund a loan.
Appraisal Fee
A fee charged by a licensed, certified appraiser to render an opinion of market value as of a specific date. This fee is paid to the outside appraisal company we engage to objectively determine the fair market value of your property.
Credit Report
A detailed summary of your borrowing history. Your credit report shows previous and current credit accounts along with your payment history. Lenders buy credit reports from when you apply for a loan to determine whether they should take a risk and lend you the money.
Flood Certification
Federal law requires that you obtain flood certification insurance if you lie within a flood zone. As part of our evaluation of your property, we appoint a flood determination company to tell us whether or not your house is located in a flood zone. If your house is located in a flood zone, you will be required to purchase flood insurance.
Tax Service
This service handles your property tax bills and is used to ensure that the payments are made on time, and to prevent tax liens from occurring.
Processing and Underwriting
Mortgage underwriting fees cover the cost of evaluating your total loan application package, including your credit report, employment history, financial documents and appraisal, to determine whether we can approve your loan request.
Title Search Fee
Insurance that protects the lender against loss arising from disputes over ownership of a property. These costs are for professional services that must be performed to process and close your loan application.
Lender's Title Insurance
Insurance that protects the lender against loss arising from dispute over ownership of a property.
Wire
The transmittal of money via the inter-bank wire transfer system to you, your prior lender, and/or the title insurance company.
Postage/Courier
On refinance transactions, an overnight courier is used to expedite the payoff of your existing loan.
Government Recording Fee
We pay this fee to your local county recording office for recording our mortgage lien, and in the event of a purchase transaction, the deed that transfers title.
State Tax To Record Deed of Trust
City/County Tax to Record Deed of Trust
Attorney or Settlement Agent Fee
These costs are for professional services that must be performed to process and close your loan application.
You Save (estimated)
Traditional Fees
$50
$150
$250
$200
$375
$13
$16
$70
$230
$100
$580
$30
$25
$56
$500
$167
$400
$3,212
CapCenter Fees
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Need expert advice on your new home loan or refinance?
Origination Fee
A fee paid to a lender for processing a loan application. The origination fee is
stated in the form of points. One point is 1 percent of the mortgage amount.
Application Fee
A fee charged by a lender to cover the initial costs of processing a loan application.
This fee does not guarantee that you will be approved.
Commitment Fee
A fee paid by a potential borrower to a potential lender to lend money at a specified
rate within a specified amount of time.
Funding Fee
A funding fee is added to most loan amounts, depending on the amount of down payment
made. In most cases the fee is 2% of the loan amount.
Appraisal Fee
A fee charged by a licensed, certified appraiser to render an opinion of market
value as of a specific date. This fee is paid to the outside appraisal company we
engage to objectively determine the fair market value of your property.
Credit Report
A detailed summary of your borrowing history. Your credit report shows previous
and current credit accounts along with your payment history. Lenders buy credit
reports from when you apply for a loan to determine whether they should take a risk
and lend you the money.
Flood Certification
Federal law requires that you obtain flood certification insurance if you lie within
a flood zone. As part of our evaluation of your property, we appoint a flood determination
company to tell us whether or not your house is located in a flood zone. If your
house is located in a flood zone, you will be required to purchase flood insurance.
Tax Service
This service handles your property tax bills and is used to ensure that the payments
are made on time, and to prevent tax liens from occurring.
Processing and Underwriting
Mortgage underwriting fees cover the cost of evaluating your total loan application
package, including your credit report, employment history, financial documents and
appraisal, to determine whether we can approve your loan request.
Document Review
A fee charged by a lender for the review of documents necessary to fund a loan.
Recording and Search Fee
We pay this fee to your local county recording office for recording our mortgage
lien, and in the event of a purchase transaction, the deed that transfers title.
State Tax to Record Mortgage
Fees for preparation, recording and filing that must take place in order to make
the transaction legal.
Lender's Title Insurance
Definition Here
Attorney, Closing, or Settlement Agent Fee
These costs are for professional services that must be performed to process and
close your loan application.
Mortgage Title Insurance
A policy of indemnity issued by a title insurance underwriter or its agent that
insures a buyer or lender against monetary loss or damage due to errors in the title
as described in the policy and undeterminable facts that affect title such as fraud,
forgery, unrecorded documents, unknown heirs, and many other factors.
Postage/Courier
Postage or Courier fees to expedite document transfer associated with your loan.
Wire
The transmittal of money via the inter-bank wire transfer system to you, your prior
lender, and/or the title insurance company.
Capital Center, L.L.C. sponsors this site and is solely responsible for all credit
decisions made under this program. Capital Center is a HUD approved FHA lender and
a Fannie Mae approved Seller/Servicer, and is licensed by the Virginia State Corporation
Commission (MC-1096). Your use of this site signifies that you accept our
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