Buy a Home with ZERO Closing Costs
Get a great rate and save thousands with CapCenter.
Expert homebuying services at every step.
CapCenter is committed to providing you with expert, seamless homebuying services. We are here to guide you through the entire process so that you can focus on one thing: finding your dream home.
Get pre-approved
Apply online for a same-day pre-approval.
Find a home
Work with your agent to tour homes. Once you're under contract to buy a home, send us your contract.
Lock your rate
Once you're about 30 days from closing, lock in your loan terms.
Finalize approval
Our underwriting team will verify your information and eligibility.
Move in
Sign your closing documents, get your keys, and celebrate your new home!
Our success in numbers.
Our expert team has helped homebuyers save money since 1997.
* Assumes a purchase price of $425,000 with a 20% down payment in Richmond, VA, and a CapCenter REALTOR®. Clients served since 1997. Review ratings are CapCenter’s public Google and Zillow scores.
Why should I use CapCenter to buy a home?
Unbelievable savings.
CapCenter waives or pays for traditional closing costs. Many lenders charge closing costs, which increases the amount of cash you need to buy a home. CapCenter offers a ZERO Closing Cost home purchase, allowing you to apply those savings towards decorating your new home!
Competitive interest rates.
Sure they offer ZERO Closing Costs, but they probably charge a higher rate, right? The answer is no. We price our interest rates to compete with prevailing market interest rates.
Expert service.
CapCenter has been providing savings and service for over 25 years. Our team is committed to helping you reach your financial goals according to your timeline.
One stop shop.
We eliminate communication gaps by providing your mortgage, real estate, settlement, and insurance services all under the same roof.
Home Purchase Tools
Instant Rate Quote →
Get a personalized rate quote without providing any personal information.
Home Purchase Calculator →
Get a full mortgage quote including your rate, cash to close, and savings with CapCenter.
Home Search →
Search homes for sale in your area and buy with CapCenter for ZERO Closing Costs!
Mortgage Rate Alerts →
Waiting for rates to fall before you buy? Subscribe to our weekly rate alerts email and receive special alerts when rates drop.
Our expert loan team will help you select from our mortgage products.
Rates current as of 11/05/2026, 5:06 PM EST
Conventional Fixed Rate Mortgage
Best for homebuyers with good credit who are not eligible for VA benefits.
| Term | Rate | APR | Points | Costs |
|---|---|---|---|---|
| 30-Year Fixed | 7.000% | 7.000% | 0.000 | ZERO |
| 30-Year Fixed | 6.500% | 6.671% | 1.750 | ZERO |
| 15-Year Fixed | 6.500% | 6.500% | 0.000 | ZERO |
| 15-Year Fixed | 5.875% | 6.151% | 1.750 | ZERO |
Assumes a $400,000 conventional loan in Richmond, Virginia. Points are optional. Each discount point is an upfront payment of 1% of the loan amount that lowers your rate for the life of the loan. Because points buy a real rate reduction, they are bona fide discount points, not closing costs, so your loan is still ZERO Closing Costs. Comparing lenders? At the same points, you still save the closing costs they charge.
VA Mortgage
Best for active duty military, veterans, and surviving spouses.
| Term | Rate | APR | Points | Costs |
|---|---|---|---|---|
| 30-Year Fixed | 6.625% | 6.746% | 0.000 | ZERO |
| 30-Year Fixed | 6.000% | 6.309% | 2.000 | ZERO |
| 15-Year Fixed | 6.125% | 6.400% | 0.500 | ZERO |
| 15-Year Fixed | 5.500% | 5.970% | 1.750 | ZERO |
Assumes a $400,000 VA loan in Richmond, Virginia. Points are optional. Each discount point is an upfront payment of 1% of the loan amount that lowers your rate for the life of the loan. Because points buy a real rate reduction, they are bona fide discount points, not closing costs, so your loan is still ZERO Closing Costs. Comparing lenders? At the same points, you still save the closing costs they charge.
FHA Mortgage
Best for homebuyers working to improve their credit.
| Term | Rate | APR | Points | Costs |
|---|---|---|---|---|
| 30-Year Fixed | 6.500% | 7.011% | 0.000 | ZERO |
| 30-Year Fixed | 6.000% | 6.692% | 1.750 | ZERO |
| 15-Year Fixed | 6.125% | 6.559% | 0.125 | ZERO |
| 15-Year Fixed | 5.500% | 6.190% | 1.750 | ZERO |
Assumes a $400,000 FHA loan in Richmond, Virginia. Points are optional. Each discount point is an upfront payment of 1% of the loan amount that lowers your rate for the life of the loan. Because points buy a real rate reduction, they are bona fide discount points, not closing costs, so your loan is still ZERO Closing Costs. Comparing lenders? At the same points, you still save the closing costs they charge.
Jumbo Mortgage
Best for homebuyers that require a large loan amount.
| Term | Rate | APR | Points | Costs |
|---|---|---|---|---|
| 30-Year Fixed | 7.000% | 7.000% | 0.000 | ZERO |
| 30-Year Fixed | 6.375% | 6.581% | 2.125 | ZERO |
| 15-Year Fixed | 7.750% | 7.771% | 0.125 | ZERO |
| 15-Year Fixed | 6.875% | 7.200% | 2.000 | ZERO |
Assumes a $900,000 Jumbo loan in Richmond, Virginia. Points are optional. Each discount point is an upfront payment of 1% of the loan amount that lowers your rate for the life of the loan. Because points buy a real rate reduction, they are bona fide discount points, not closing costs, so your loan is still ZERO Closing Costs. Comparing lenders? At the same points, you still save the closing costs they charge.
Get notified when rates drop!
Receive weekly rate updates and get special notifications when rates fall.
We're here for you, no matter your situation.
CapCenter offers financing for most occupancy situations including primary home loans, investment property loans, and second home loans.
Primary residence loans
Buy or refinance your primary home where you plan to live for at least half the year.
Investment property loans
Buy or refinance a home to generate income such as a rental property.
Vacation home loans
Buy or refinance a second home such as a vacation home.
Take control of your mortgage rate.
Protect yourself against interest rate changes with these rate control features.
Extended Rate Lock
Lock your rate for up to 12 months and protect against higher rates in the future.
Learn more →
Float Down Rate Lock
Lock your rate today and take advantage of big rate drops before your loan closes.
Learn more →Our clients have spoken
65,000+ clients since 1997.
Family owned & operated, with local experts who live in the communities we serve.
Frequently asked questions when buying a home
You will pay ZERO Closing Costs with CapCenter (restrictions apply). Many lenders charge closing costs on a home purchase. CapCenter offers a home purchase calculator to estimate how much cash you will need to buy a home.
No, CapCenter can issue your mortgage pre-approval using a soft credit check, which will not impact your credit score. Once you are under contract to buy a home, we will need to run a hard credit check on all applicants to issue a final approval.
CapCenter does not require any preparation to submit a mortgage application, but there are a few things you can do before applying for a mortgage to help the process go more smoothly:
- Identify your funding sources that will be used for your down payment. Consolidate your cash into a single checking account to avoid issues at the closing table.
- Make sure your credit is not frozen with Equifax, Experian, or TransUnion.
- Avoid taking on new debt such as credit cards and new loans.
- Collect documents that evidence your current income such as paystubs, W2s, or tax returns.
- Collect documents that evidence your assets such as bank account statements, retirement account statements, brokerage account statements, etc.
- Begin searching for a provider of homeowner's insurance.
First-time home buyers may qualify for additional savings and loan products with CapCenter.
If you haven't owned a home in the three years prior to purchasing your new home, you may be eligible for first-time home buyer benefits. Different agencies and municipalities have slightly differing definitions of first-time home buyer and certain benefits may depend on factors such as income, so we recommend consulting with our licensed loan consultants to see which savings you may qualify for.
If you qualify as a first-time home buyer, you may qualify for lower rates and/or lower fees, if applicable. Your loan consultant will guide you through this discovery process.
You will need a credit score of at least 620 to buy a home with CapCenter. Once you apply for a pre-approval, a CapCenter loan officer can request a soft credit report, which allows us to view your credit score without impacting your credit.
To preserve cash when buying a home, you want to minimize upfront costs such as the down payment, discount points, home inspection fees, and home appraisal fees. There are also recording fees and recordation taxes that are significant costs at closing.
Down payment is usually a significant portion of the upfront cash payment. Each loan product may have different down payment requirements, so it will help to work with a loan consultant to find the best loan product that you qualify for. However, down payment goes straight into your equity, so you technically don't "lose" the cash.
Going with a no-closing-cost lender such as CapCenter is a great option if you want to preserve cash when buying a home. When you bundle realty and mortgage with standard loan options, CapCenter may be able to waive closing costs for a ZERO Closing Cost purchase. Not only does a ZERO Closing Cost purchase help preserve cash when purchasing a home, the loan option gives you additional flexibility with refinancing in the future because less sunk costs are involved in obtaining the mortgage.
A mortgage pre-approval is typically valid for a certain period of time, usually 60 to 90 days.
During this time, CapCenter will have reviewed your credit report, income, and assets to determine how much you can afford to borrow. The pre-approval letter that the lender provides will include the approved loan amount, the interest rate and the terms of the loan.
It's important to keep in mind that a pre-approval is not a guarantee of a loan, and the lender will still need to verify the information provided before approving the loan. The secondary verification of information may even seem repetitive, but lenders are required to verify certain information after a period of time. Additionally, if there are any changes in your financial situation, such as a decrease in income or an increase in debt, this could affect the lender's decision to approve the loan.
The average minimum down payment when buying a home ranges from 0% to 5% depending on your situation. If you qualify for a VA loan, you are not required to put money down!
CapCenter recommends that your first step should be to get pre-approved with a mortgage lender. Getting pre-approved will give you a great idea of how much you can afford, and pre-approval letters will give home sellers confidence when you submit offers on homes. At CapCenter, you can get pre-approved within the same day and quickly get connected with a CapCenter agent.
Absolutely, in fact, you will enjoy additional savings when you buy and sell with CapCenter. If you require home sale proceeds to make your down payment, a CapCenter Realtor will help you write a home sale contingency.
Connect with an expert CapCenter agent, and we will consult you through the process.
More questions? See our Mortgage application & pre-approval FAQ.
Ready to get started?
Join thousands of homeowners who have saved with CapCenter.