Refinance your home with ZERO Closing Costs
Get a great rate and save thousands when you refinance your home with CapCenter.
What is a home refinance?
Refinancing your home involves replacing your existing mortgage with a new mortgage, typically at a lower interest rate.
Most people seek a refinance to lower their monthly payment; however, there are many reasons that people refinance their home such as shortening their term, taking out cash to fund a major expense, or to transfer ownership of a property.
Our success in numbers.
Our expert team has helped homeowners save money since 1997.
* Based on a refinance loan amount of $234,000 on a $425,000 home in Richmond, VA. Clients served since 1997. Review ratings are CapCenter’s public Google and Zillow scores.
Why should I refinance with CapCenter?
Unbelievable savings.
CapCenter waives or pays for traditional closing costs. Many lenders charge closing costs, which can make refinancing expensive. CapCenter offers a ZERO Closing Cost refinance, which allows you to take advantage of falling interest rates today.
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.
Transparent pricing.
Our website pricing is real-time, accurate, and customized to your unique loan scenario.
Refinance Tools & Resources
Instant Refinance Rate Quote →
Get a personalized rate quote for your refinance without providing any personal information.
Refinance Savings Calculator →
Get a full refinance quote including your rate, cash to close, and savings with CapCenter.
Home Value Estimation →
Estimate your home's value to see if you can drop private mortgage insurance when you refinance with CapCenter.
Rate Alerts →
Sign up for weekly updates on CapCenter refinance rates and receive special notifications when rates drop.
Our experts will guide you through every step of your refinance.
Apply online
Our expert team of loan consultants will receive your application and contact you to discuss loan terms.
Lock your rate
Lock your rate once you are happy with your loan terms. Our team will work with you to schedule a closing date.
Finalize approval
Our underwriting team will verify your information and eligibility.
Sign
Sign your closing documents and celebrate your ZERO Closing Cost savings!
Our expert loan team will help you choose the right refinance product.
Rates current as of 10/30/2026, 4:58 PM EDT
Conventional Fixed Rate Refinance
Best for clients with good credit who prefer stable payments.
| Term | Rate | APR | Points | Costs |
|---|---|---|---|---|
| 30-Year Fixed | 7.125% | 7.125% | 0.000 | ZERO |
| 30-Year Fixed | 6.625% | 6.822% | 2.000 | ZERO |
| 15-Year Fixed | 6.875% | 6.875% | 0.000 | ZERO |
| 15-Year Fixed | 6.125% | 6.423% | 1.875 | ZERO |
Assumes a $300,000 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 IRRRL
Best for active duty military, veterans, and surviving spouses with an existing VA mortgage.
| Term | Rate | APR | Points | Costs |
|---|---|---|---|---|
| 30-Year Fixed | 6.875% | 6.924% | 0.000 | ZERO |
| 30-Year Fixed | 6.250% | 6.467% | 1.750 | ZERO |
| 15-Year Fixed | 6.500% | 6.720% | 0.875 | ZERO |
| 15-Year Fixed | 5.750% | 6.144% | 2.000 | ZERO |
Assumes a $300,000 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 Streamline Refinance
Best for clients with an existing FHA mortgage.
| Term | Rate | APR | Points | Costs |
|---|---|---|---|---|
| 30-Year Fixed | 6.750% | 7.266% | 0.000 | ZERO |
| 30-Year Fixed | 6.125% | 6.873% | 2.250 | ZERO |
| 15-Year Fixed | 6.500% | 7.019% | 0.625 | ZERO |
| 15-Year Fixed | 5.625% | 6.358% | 2.000 | ZERO |
Assumes a $300,000 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 Refinance
Best for clients who require a large loan that exceeds the Conventional Loan Limit.
| Term | Rate | APR | Points | Costs |
|---|---|---|---|---|
| 30-Year Fixed | 7.125% | 7.125% | 0.000 | ZERO |
| 30-Year Fixed | 6.375% | 6.581% | 2.125 | ZERO |
| 15-Year Fixed | 7.750% | 7.791% | 0.250 | ZERO |
| 15-Year Fixed | 6.875% | 7.221% | 2.125 | 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.
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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.
We offer flexible loan terms.
Choose from a variety of loan terms ranging from a 10-year mortgage to a 30-year mortgage. Longer loan terms such as a 30-year mortgage provide lower monthly payments, but often have higher interest rates. Shorter loan terms such as the 10-year mortgage provide higher monthly payments, but allow you to pay off your loan sooner.
We offer the following loan terms on most products:
- 30-year mortgage
- 25-year mortgage
- 20-year mortgage
- 15-year mortgage
- 10-year mortgage
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 refinancing
You will pay ZERO Closing Costs with CapCenter (restrictions apply). Many lenders charge closing costs to refinance. CapCenter offers a refinance calculator to estimate how much money you can save.
When to refinance depends on what your motivation for refinancing is.
Refinance goal: reduce your monthly payment
If your goal is to save money, you should wait until interest rates are lower than your current mortgage rate. A lower interest rate will reduce your monthly payment and save you money. You may also reduce your monthly payment by removing your FHA mortgage insurance premium. This involves refinancing your FHA loan into a new, Conventional loan and involves a little more math. You can use our refinance calculator to understand if you can save money by refinancing your FHA loan.
Refinance goal: pay off the loan faster
If you want to pay off your home faster, you should consider refinancing into a shorter-term loan. For example, if you currently have a 30-year mortgage, there is an opportunity to pay your loan faster by refinancing into a 20-year, 15-year, or 10-year loan. In this scenario, your monthly payments will increase, but you should pay less total interest over the life of your loan.
Refinance goal: get cash
If you need cash to fund a major expense or consolidate debt, you may consider a cash-out refinance. In a cash-out refinance, you borrow money from your home's equity by replacing your existing mortgage with a new mortgage at a higher loan amount. As a result, you will also be replacing your current interest rate, so a cash-out refinance makes the most sense when rates are at or below your current rate. If you already have a good mortgage rate, you should consider a Home Equity Loan, which allows you to get cash without refinancing your entire mortgage balance.
No matter what your goal is for refinancing, our expert loan team can guide you through the decision.
FHA loans always require mortgage insurance, but you might be able to drop PMI when refinancing into a Conventional mortgage. This depends on your home equity, which is the amount of your home that you own. It is the difference between your home's value and the amount you owe on existing mortgages.
Your home equity position changes over time due to:
- Your monthly mortgage payments reduce the principal balance of your loan. Making a monthly payment increases your home equity position.
- Fluctuations in your home's value. Rising home values improve your home equity, and falling home values worsen your equity position.
PMI is not required once you have 20% equity and refinance into a Conventional mortgage. Use our home value estimator to understand how much equity you have in your current home.
Applying to refinance with CapCenter does not require any preparation, but there are a few things you can do to prepare for a refinance to help our underwriting team approve your loan quickly:
- 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.
- Retrieve a copy of your current home owner's insurance policy
Most CapCenter refinances close within 30 days of application: about two in three from November 2025 to October 2026. Complex situations can take longer.
Most refinances will require a new appraisal, but in many circumstances, an appraisal is not required. No matter the outcome, CapCenter covers the cost of an appraisal under our ZERO Closing Cost offering (see details).
More questions? See our Refinance & home equity FAQ.
Ready to get started?
Join thousands of homeowners who have saved with CapCenter.