CapCenter’s “Zero Closing Costs” offer is to pay or waive closing costs typically required when processing a home loan.
Our offer does have limitations, and there are additional costs that apply to some transactions. For loan amounts of $100,000 or higher, CapCenter offers to pay for costs, as outlined in our Product Offer Details disclosure.
As you read, remember that we do not have your personal information. To provide you with a quick and easy quote, we have made some assumptions (for example, we assume a credit score of at least 780) and sometimes use “best guess” estimates in our examples (such as if you provide estimated escrow information regarding property taxes and insurance). Even if your situation does not match our assumptions, you may still qualify for a loan. To learn more about what options may be available to you or to obtain a more personalized quote, please call 800-968-5844 or email us to connect with one of our expert Loan Consultants.
You may be required to fund an escrow account at closing for the future payment of property taxes, homeowner's insurance, and if required, flood insurance. You may also be required to pay your first year’s homeowner’s insurance premium at closing. Our “Cash to Close” examples do not include prepaid interest, as this amount depends on the number of days between your loan closing and the last day of the month. Additional costs may apply to condominium properties, investment properties, loan amounts over $726,200, and borrowers with credit scores below 780. If you have elected to have any home inspections done, you are responsible for providing those at your cost at closing. You may also be responsible for paying applicable taxes and fees to record the purchase deed and CapCenter’s deed of trust. For FHA or VA loans, and for loans with a loan-to-value ratio greater than 80%, you may be required to pay additional costs, including upfront and/or monthly mortgage insurance premiums. CapCenter also requires that you pay an upfront Good Faith Deposit that will be refunded to you before you close. If you do not close your loan and CapCenter is not responsible for you not closing your loan, CapCenter may use your Good Faith deposit to offset any costs incurred by CapCenter in connection with your loan application. Those costs might include, for example, the cost of the appraisal, fraud report, flood certification, credit report, rate lock extension or cancellation fees, and delivery fees. Please refer to the Commitment Offer for additional details.
Additional limitations may apply and certain terms may depend on the subject property's location.
Click here to read the latest disclosures about our Zero Closing Costs purchase program details